How much does it cost for a small corporation to declare bankruptcy (Chapter 7 Liquidation)?
My father is the CEO of a small corporation, in which he owns a 100% equity interest . The company has only two employees. The corporation’s funds will be exhausted in a matter of several days. His lines of credit have been suspended and his cash reserves are almost fully depleted. What is the cost of a corporate bankruptcy attorney in California (on average)? A ballpark figure or range would be appreciated. Can he represent himself (unfortunately, he has no legal background whatsoever)? Are there any low-cost templates or software to do the filing?
Thanks to ‘kckid2′ for the Nolo press link. Unfortunately, my quick tour through the table of contents indicated that the book is geared toward personal bankruptcies (rather than corporate ones).