Hi John - is there a specific type of bankruptcy lawyer I should seek or a will a general bankruptcy lawyer be acceptable? Could you provide me with tips of what makes a bankruptcy lawyer good?
A general bankruptcy lawyer will be OK but it should be someone who devotes the majority, if not all, of their practice to BK. I would also want someone who has done some business bankruptcy so that some of the questions you have can get answered. Depending on what the corporate structure of your business was and whether you gave a personal guarantee to the work comp insurance co you may need the BK to cover the business also.
The company was a very small business structured as a LLC and the workers comp policy was listed under the business name, nothing was listed under my own personal name. I hope during times like these, the LLC will protect me. I am not aware of a personal guarantee to the workers comp insurance nor would I have ever agreed to such provision. For a company that is no longer in operation and can't afford to pay for this outstanding workers comp audit bill, what are estimated costs for filing BK for a small LLC business?