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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

  • Will filing for bankruptcy stop the bill collectors?
    One of the most difficult aspects of owing debts that you cannot pay is dealing with your creditors, or the collection agencies that work for those creditors. Bill collectors often seem to stop at nothing to collect money from you, even if it means threatening you or not being truthful about the consequences of not paying off your debt. As a result, people in this situation often … more
  • Will filing for bankruptcy get rid of all my debts?
    Many people think that if they simply file Chapter 7 bankruptcy, then they will get rid of all of their debts. Unfortunately, this is not the case. There are some types of debts that cannot be discharged in bankruptcy by law. This means that even if you complete bankruptcy proceedings, you still have to pay back these debts. These debts include child support, alimony, … more

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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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