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Did You Know?
Filing Chapter 11 is known as reorganization
In a chapter 11 case, a liquidating plan is permissible. Such a plan often allows the debtor in possession to liquidate the business under more economically advantageous circumstances than a chapter 7 liquidation.
Newsroom
News about Bankruptcy in North Dakota and nationwide:
Definition:
Your mortgage lender may start a foreclosure action and sell your home at a Sheriff's sale. If the sale nets less than you owe, there will be a "deficiency balance" that you will own to the lender.
Secured creditors
Definition:
One of two general types of creditors of a company. Secured creditors have a lien on property of the company.
Asset
Definition:
An economic resource or item owned by a business that is expected to benefit its future operations.
If you live in the following cities and need a Bankruptcy attorney you should contact
our Bankruptcy Attorney as soon as possible:
Bismarck
Dickinson
Fargo
Grand Forks
Jamestown
Mandan
Minot
Wahpeton
West Fargo
Williston
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