Answer:

One of the questions people occasionally ask us is how to choose the right attorney for a Chapter 11 bankruptcy. Choosing the right attorney for a Chapter 11 bankruptcy is very, very critical. Many bankruptcies are form driven. A Chapter 11 bankruptcy is not form driven. It’s the difference between having a mechanic and an artist. You really have to have an attorney who has worked in Chapter 11 bankruptcies, and who knows the ins and outs of Chapter 11 bankruptcies, because each Chapter 11 bankruptcy is different. You have different creditors, different plans, and different ways in which to pay back your creditors or pay back the value of the assets in the bankruptcy. What assets are being held and treated in the bankruptcy? Which assets are not being held in the bankruptcy?

Choosing the right attorney for a Chapter 11 bankruptcy is very, very critical, and so you want to find an attorney who’s very experienced in Chapter 11 work. That’s totally different than a Chapter 7 or a Chapter 13. You would ask your accountant. Check on referrals. Check on the actual number of cases that attorney has actually filed.