Finding a Qualified Bankruptcy Attorney

Facing bankruptcy can be intimidating. Filing for bankruptcy is not the end- it's helpful to think of bankruptcy more like a phase or a transitional state.

LegalMatch Law Library Managing Editor, , Attorney at Law

Types of Bankruptcy

There are many different types of bankruptcy, but the most common are Chapter 7 Liquidation Bankruptcy and Chapter 13 Reorganization Bankruptcy. Chapter 7 may help you to get a fresh financial start, while Chapter 13 provides you with a chance to reorganize your debt.

Bankruptcy Law

Most people are not experts on the ins-and-outs of bankruptcy law. Businesses and consumers alike can benefit by consulting with a bankruptcy attorney. An attorney can help relieve some of the burdens associated with bankruptcy.

What exactly does a bankruptcy attorney do? Bankruptcy lawyers assist their clients with various tasks, such as:

A bankruptcy attorney can help you reach the most advantageous position for your situation. Filing for bankruptcy is not for everyone; there are many pros and cons associated with bankruptcy. Furthermore, every different bankruptcy category has different effects on your property interests.

For example, you may be able to have some or all of your debts discharged (forgiven) under Chapter 7 Bankruptcy. Some debts are not dischargeable, in which case Chapter 13 Bankruptcy may be more appropriate for you. Creditors usually cannot collect from you if bankruptcy proceedings are underway.

Filing for bankruptcy is a serious decision whose effects may continue for several years. Anytime you file for bankruptcy, it will be reflected on your credit scores and applications. Thus, you may wish to consult with a lawyer to assist you throughout the process.

Show Bankruptcy Lawyers in US States

» Find the Right Lawyer Now

Need a Bankruptcy Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: