on Apr 20 in Home

Out-of-Court Workouts

Insolvency. Simply defined as the point where total financial liabilities exceed total financial assets, rendering an individual or business entity unable to pay their debts as they become due. In reality, however, insolvency is a tangible manifestation that things have gone seriously awry, and that it is time to seek skilled legal advice to formulate a sound plan to move forward. Further review will reveal what the legal professionals at Meyers Law Group, P.C. can do to help you or your organization restructure its debt.

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Formal Bankruptcy Proceedings

Bankruptcy is the legal adjudication by a court of competent jurisdiction that an individual or entity is insolvent. Bankruptcy significantly changes the pre-petition relationship between a debtor and a creditor by initiating a comprehensive statutory framework to facilitate an orderly distribution of assets among competing creditors to resolve indebtedness. Having experienced chapter 11 bankruptcy counsel can make a substantial difference in protecting your legal rights. Please continue reading to learn more about this topic.

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