Learn More About Business Bankruptcy Law in Oak Ridge, North Carolina

Oak Ridge is a town in northwestern Guilford County, North Carolina, United States. The population was 3,988 at the 2000 census. As of July 1, 2008, the US Census Bureau indicated that the population had risen to 4,587. The Oak Ridge Military Academy, a private, coed, college-preparatory military boarding school, was established here in 1852. It is the third-oldest military school in the nation still in operation, and it is the official military school of North Carolina, as designated by the state legislature. Until the late 1990s the Oak Ridge area was mostly rural farmland, with numerous tobacco and strawberry farms. However, since its incorporation as a town in 1998, Oak Ridge has undergone rapid suburbanization and population growth. Many of the area's farms have been sold to developers and turned into upper-class housing developments, and several shopping centers have been built around the military academy. Today Oak Ridge is considered to be a wealthy suburb of nearby Greensboro, North Carolina's third-largest city. One rural pastime which is still popular in Oak Ridge is the raising and breeding of horses; each Easter weekend the town hosts a popular horse show.

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...