Learn More About Business Bankruptcy Law in Lake Charles, Louisiana

Lake Charles is the fifth largest incorporated city in the US state of Louisiana, located on Lake Charles, Prien Lake, and the Calcasieu River. "Lake Charles, Louisiana (LA) Detailed Profile" (notes), City Data, 2007, webpage: C-LCh. "Census 2000 Data for the State of Louisiana" (town list), US Census Bureau, May 2003, webpage: C2000-LA. It is the parish seat of Calcasieu Parish, a major cultural and educational center in the southwest region of the state, and one of the most important in Acadiana. As of the 2000 census, the population was 71,757. Lake Charles is the principal city of the Lake Charles Metropolitan Statistical Area, having a population of 193,568. It is the larger principal city of the Lake Charles-Jennings Combined Statistical Area, with a population of 225,003. A 2008 population estimate of the five parish area was over 285,853. This growing city is considered a major center of petrochemical refining, tourism, gaming, and education being home to McNeese State University and Sowela. With over 75 festivals held annually, Lake Charles is referred to as the Festival Capital of Louisiana.

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

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...