Bankruptcy

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.

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Frequently Asked Questions

  • What Is Bankruptcy? 1 Star Rating
    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 … more
  • 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 … more
  • 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 … more

Legal Articles

  • Some Debts May Remain After Bankruptcy
    The decision about whether to file bankruptcy is a difficult to decision to make. People often worry about the lasting effects on their credit history and their ability to borrow money in the future. However, sometimes the advantage of being relieved of debt in a bankruptcy proceeding outweighs the disadvantages. In order to weigh the advantages and disadvantages for yourself, it is … more
  • What are the basics of a Chapter 7 bankruptcy?
    When people talk about filing bankruptcy, they usually are referring to Chapter 7 bankruptcy, which allows you to discharge, or wipe out, most debts that you owe. In many cases, filing Chapter 7 bankruptcy is the quickest and easiest way for a person who owes a lot of debt to get a “fresh start” in life. So long as you are eligible for Chapter 7 bankruptcy relief, and … more

How-To's

  • How To File for Bankruptcy Under Chapter 7 3 Star Rating
    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 … more

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