Learn More About Business Bankruptcy Law in Lapel, Indiana

Lapel is a town in Stony Creek Township, Madison County, Indiana, United States. It is part of the Anderson, Indiana Metropolitan Statistical Area. The population was 1,855 at the 2000 census. Lapel is home to the Class A 2005 State Champion Lapel Bulldogs Basketball team, and is also home to the 1940 Lapel Bulldogs Basketball team that reached the Final Four during the days of single-class high school basketball in Indiana. Lapel was platted in 1876 and was at one time home to movie theatres, a Ford dealership, bowling alley, putt-putt golf, a large rock quarry, canning factory, jewelry shops, and two small department stores. However, Lapel's proximity to the cities of Anderson and Indianapolis caused much of that business activity to eventually relocate. Today the town is known for its glass factory, golf club, and an annual Village Fair that attracts numerous visitors in early summer. The town has experienced new residential and commercial development in recent years, and antique gas lights have been installed along the main street with plans to continue installing them along the SR 13/Pendleton Avenue corridor.

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 Indiana

What are the different options for bankruptcy?

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

Where Can I get Bankruptcy Forms?

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

What is a Chapter 7 Bankruptcy Liquidation?

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

What is a Chapter 9 Municipality Bankruptcy?

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

What is a Chapter 11 Bankruptcy Reorganization?

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

What is a Chapter 12 Family Farmer or Family Fisherman Bankruptcy?

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

What is a Chapter 15 Cross-Border Bankruptcy?

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

What is the Securities Investor Protection Act?

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

What Bankruptcy Terminology Should I be Familiar with?

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

How can I protect myself from debt collectors?

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