Bankruptcy can be dealt with in a number of ways, with two methods of personal filing and two methods of corporate filing. The main difference between personal and corporate filing for bankruptcy is that corporations do not have to pass a “means test” to prove their eligibility for bankruptcy filing. A bankruptcy lawyer in versailles can help you with the paperwork, court dates, and other nuances of the system for each type or bankruptcy filing. The two methods of personal filing are Chapter 7 and Chapter 13, which liquidate or reorganize your assets, respectively. Corporate filing for bankruptcy can be done under a Chapter 7 or Chapter 11, which offer similar options to the company for repayment of its debts. A bankruptcy attorney in versailles can give you all of the statistics you need regarding the size and types of debts the make you eligible for certain kinds of bankruptcy filing. Using a bankruptcy lawyer in versailles can help you in the obvious ways, such as the paperwork and court dates, but they can also give you the emotional support that you need during this trying time.
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