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A bankruptcy attorney can help you manage personal or business debts you are unable to pay. Bankruptcy laws allow people and businesses to (1) get a "fresh start" by relieving most debts; and (2) repay the money owed to all creditors as fairly as possible. When you file for bankruptcy protection, all other legal actions against you are put on hold.
Use FindLaw to hire a local bankruptcy lawyer near you to help with debt settlement, and stop wage garnishment. sadek & cooper law offices provides high-quality legal services, including. interest rates on unsecured debt including credit cards and personal loans.. relief lawyers and schedule a free consultation to determine the best course of action.
If you don’t have enough money to hire a bankruptcy lawyer, you have options. You can stop paying on debts that will be discharged in Chapter 7, borrow funds from friends and family, use a lawyer who offers a payment plan, or, if you’re a low-income earner, take advantage of free bankruptcy preparation services.
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A chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor’s nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code.
Qualities of a Good Bankruptcy Attorney A good bankruptcy attorney is a shrewd investment in a better future. As in any other profession, the choice of practitioner can make a big difference to your outcome.