OpenJurist

Business Bankruptcy Law Lawyers In Lafayette Louisiana

Lafayette is a city in and the parish seat of Lafayette Parish, Louisiana, United States, on the Vermilion River. The population was 110,257 at the 2000 census; a 2007 census estimate put the metropolitan area's population at 256,494. It is the fourth largest city in the state. It is the larger principal city of the Lafayette-Acadiana, LA Combined Statistical Area, which, in 2007, had an estimated total population of 538,470. The city was founded as Vermilionville in 1821 by a French-speaking Acadian named Jean Mouton. In 1884, it was renamed for General Lafayette, a French military hero who fought with and significantly aided the American Army during the American Revolutionary War. The city's economy was primarily based on agriculture until the 1940s, when the petroleum and natural gas industry became dominant. Lafayette is the center of the Cajun culture in Louisiana and the US. Lafayette has a strong tourism industry because of the Cajun and Creole cultures of the surrounding region. The cuisine of the region, Cajun cuisine, is one of the most famous regional cuisines in the US.

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in Louisiana

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. ยง 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...