South Dakota Commercial Bankruptcy
If your company is unable to its debts, you may be considering commercial bankruptcy in South Dakota. The two most common types of commercial bankruptcy in South Dakota are Chapter 11 bankruptcy and Chapter 7 bankruptcy. In South Dakota, Chapter 11 commercial bankruptcy allows you to reorganize your business and negotiate a debt repayment plan with your creditors. A Chapter 7 commercial bankruptcy is used if you're planning to wind down the business.
A South Dakota commercial bankruptcy lawyer can review your legal options and help you understand which type of bankruptcy is best for your company. Your South Dakota commercial bankruptcy attorney can then help you file for commercial bankruptcy in the US Bankruptcy Court in South Dakota and represent your company during the bankruptcy proceedings.