Business Bankruptcy Lawyer And The Various Chapters Of Bankruptcy Laws

If you are running a business that is drowned in the ocean of debts and is not in a position to meet its debt obligations, it may be the time to hire a business bankruptcy lawyer and file a court petition. There are usually two options available to you in this regard – filing under chapter 7 or filing under chapter 13. In order to make an informed decision regarding the same, it is very important for you to understand the basic provisions under both the chapters.