Learn More About Business Bankruptcy Law in New Madrid, Missouri

New Madrid is a city in New Madrid County, Missouri, 42 miles (68 km) south by west of Cairo, Illinois, on the Mississippi River. New Madrid was founded in 1788 by American frontiersmen. In 1900, 1,489 people lived in New Madrid, Missouri; in 1910, the population was 1,882. The population was 3,334 at the 2000 census. New Madrid is the county seat of New Madrid County. This county seat is home to the consolidated middle and high schools. "Madrid" in this name is usually pronounced with the stress on the first syllable (MAD-rid), unlike the Spanish capital Madrid (ma-DRID). The area is famous for being the site of a series of over 1,000 earthquakes in 1811 and 1812, ranging up to approximately magnitude 8, the most powerful non-subduction zone earthquake recorded in the United States. New Madrid, Missouri lies far away from any plate boundaries, although it lies on what is called the New Madrid Seismic Zone. The earthquake was felt as far away as the East Coast. The city is also remembered as being the nearby location for the Mississippi River military engagement, the Battle of Island Number Ten, during the Civil War. The city is the namesake for the song "New Madrid" on the album Anodyne by famed alt. country group Uncle Tupelo.

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 Missouri

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...