If you're dealing with spiraling debt, looming foreclosure, fear of property repossession, creditor harassment or other financial problems, filing bankruptcy may be an option for you. Bankruptcy lawyers help you find a legal way to wipe out debts by liquidating assets and distributing them among creditors or resolve them by developing a court-approved reorganization or other repayment plan.
If you are a consumer or business facing financial problems, an experienced bankruptcy lawyer can advise you of your legal options and help you find the best option for your situation.
Use our attorney directory to locate a qualified Lead Counsel Bankruptcy Lawyer in your area who can help you today.
What Is Bankruptcy?
A bankruptcy is a legal declaration that an individual or organization is unable to pay its creditors or debts. Bankruptcy filings are mostly regulated by laws under the jurisdiction of the …
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What Is A Chapter 7 Bankruptcy?
Chapter 7 is the liquidation chapter of the Bankruptcy Code. Chapter 7 cases are commonly referred to as straight bankruptcy or liquidation cases, and may be filed by an individual, corporation, or …
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What Is A Discharge?
The discharge order is issued by the court and permanently prohibits creditors from taking action to collect dischargeable debts against the debtor personally; this does not prevent secured …
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The Difference Between Secured Debt and Unsecured Debt
There are two different types of consumer debt. There is secured debt which is a loan that is guaranteed by specific collateral and there is unsecured debt which is not secured by specific collateral. It is important that consumers understand the differences between the two types of debt, especially if they are having trouble making their loan payments, because the different types of …
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Filing for Chapter 11 Bankruptcy Protection
The United States Bankruptcy Code is long and complicated. It provides different requirements for businesses and individuals who are seeking bankruptcy protection. The Code is divided into chapters and people often refer to the chapter number pursuant to which they qualify to file for bankruptcy. Who Can File for Chapter 11? Chapter 11 Bankruptcy is usually used by businesses …
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Bankruptcy Basics
This publication by the Bankruptcy Judges Division of the US Courts provides information to debtors and creditors about the federal bankruptcy …
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How To File for Bankruptcy Under Chapter 7
Various federal bankruptcy laws allows persons in extreme amounts of debt to get a "fresh financial start" by either reducing the amount of debt required to be repaid or extending the time period in which it must be paid. Chapter 7 is the chapter of the bankruptcy governing liquidation of assets and discharge of debts. Below is a summary of the basic process for …
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