CHAPTER 11 CLAIMS AND INTERESTS – Claims and interests are classified in order to allow treatment which recognizes differences in the rights of creditors and to treat these according to the facts of the case. Similar claims and interests are given similar nondiscriminatory treatment which follows sound business reasoning. However, some discrimination is permitted if it is based on sound business reasoning, is done in good faith, and the debtor could not reorganize without it, and if the degree of discrimination is related to the rational for the disparate treatment. Discrimination may be necessary to create an impaired consenting class.
Local Bankruptcy Attorney Wilkes-Barre, Scranton Pennsylvania
Whether you are starting a business, are in the midst of running one, or hoping to close a business down and move on with your life, it is crucial to have solid, experienced legal counsel on your side. Especially at the very beginning, business formation and entity structuring are important steps for an entrepreneur or collaborative investors to take properly, and with knowledgeable legal assistance to make sure that all is done right the first time. The form that you decide to use for a business can have an enormous impact on your profits, liabilities and growth potential, and can make or break your future business. C. Stephen Gurdin Jr., Wilkes-Barre, PA Business Law Attorney works with individuals and companies, whether they are seeking to establish a business entity or need assistance in dealing with an already existing one.
Attorney Gurdin works tirelessly to ensure your financial health, whether personally or for your business, organizing comfortable payment plans and getting you and your family financially secure if you have decided to file for bankruptcy, or making sure your business is getting started on the right track.
NEPA Attorney C. Stephen Gurdin Jr. has provided quality local legal services to individuals, corporations and law firms since 1971. His practice is devoted primarily to bankruptcy litigation, debt relief , business law, and working with individuals, families, and businesses to begin their financial lives afresh. Attorney Gurdin has extensive knowledge and experience in all aspects of bankruptcy litigation.