Gadsden is a city in and the county seat of Etowah County, northeastern Alabama, United States, approximately 60 miles northeast of Birmingham. It is the principal city of and is included in the Gadsden Metropolitan Statistical Area, which has a population of 103,459. As of the 2006 Census Bureau estimates, the population of the city is 37,291. It was at one time the state's second most important industrial center, trailing only Mobile. The two cities were important shipping centers: Gadsden for riverboats and Mobile for international trade. Up until the 1980s, Gadsden was almost totally dependent on heavy industry, including Goodyear Tire, and Republic Steel. After virtually crumbling in the 1970s and 1980s, Gadsden decided its best course of action was to stop being dependent on industry, and shedding its "company town" image. In 1991, Gadsden was awarded the honor of All-America City by the National Civic League, an award that honored the way Gadsden's citizens, government, businesses, and voluntary organizations work together to address critical local issues.

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 Alabama

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...

Federal court opinions concerning business bankruptcy law in Alabama