Learn More About Business Bankruptcy Law in Danbury, North Carolina

Danbury is a town located in Danbury Township, Stokes County, North Carolina. As of the 2000 census, the town had a total population of 108. It is the county seat of Stokes County. Danbury is located on NC 8/89 approximately 20 miles north of Winston-Salem and is the "Gateway to Hanging Rock". The Stokes County Government Center, Arts Council, school board, county jail, a public library, and other public services are found within the town limits. Stokes-Reynolds Memorial Hospital is located about a half mile northwest of the town. Danbury is a popular rest stop for bicyclists, motorcyclists, and driving enthusiasts due to the numerous scenic roads in Stokes County. Danbury also attracts outdoor enthusiasts because of its location on the Dan River and near the entrance to Hanging Rock State Park. There are no regional or national franchises in Danbury, only local shops like the Danbury General Store, and small restaurants. A 2007 edition of the Stokes News reported that Danbury will be expanding, with a small shopping center planned in the coming years. The NewBridge Bank has a branch in town. J.E. Priddy's General Store, a local historic landmark dating from the late 19th century, is still in business selling goods old and new. It is located about 2 miles east of town on Sheppard Mill Rd.

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 North Carolina

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...