Bradford is a small city located in rural McKean County, Pennsylvania, in the United States 78 miles (126 km) south of Buffalo, New York. Settled in 1823, Bradford was chartered as a city in 1879 and emerged as a wild oil boomtown in the Pennsylvanian oil rush in the late 1800s. The area's Pennsylvania Grade crude oil has superior qualities and is free of asphaltic constituents, contains only trace amounts of sulfur and nitrogen, and has excellent characteristics for refining into lubricants. World-famous Kendall racing oils were produced in Bradford. The population peaked at 17,691 in 1940, but as of the 2000 census had dropped to 9,175 and was still declining at mid-decade according to census bureau estimates. Two adjoining townships, home to approximately 9,000 people, make the population of Greater Bradford about 18,000. Famous Bradfordians include opera singer Marilyn Horne and Hall of Fame baseball player Rube Waddell. A famous Perpetual Motion machine hoax was created in Bradford in 1897 by J M Aldrich; it was exposed in the July 1, 1899 issue of the Scientific American magazine, leading to a four month prison sentence in the county jail.

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 Pennsylvania

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

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

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

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

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

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

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

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

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

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