In the simplest terms, a civil suit is a legal process where one person can hold another responsible for wrongdoing. If the Plaintiff Lawyer in Rapid City SD is successful, his or her client will be compensated for losses suffered when the defendant acted (or failed to act). Civil suits can also be filed against and by corporate entities, during contract disputes, and for residential evictions. Unlike criminal cases, which punish wrongdoers, civil cases only serve to compensate victims.
Corporate bankruptcy or business bankruptcy in Chicago is a legal move that is made by the business when it is no longer in a position to meet its debt obligations and seeks protection from legal action that can be taken by the creditors. There are two types of business bankruptcy that can be declared; Chapter 7 and Chapter 11. Any business can file under either of these Chapters regardless of whether it is a single proprietorship or a corporation.