Find bankruptcy law firms and bankruptcy attorneys in North America and the USA. These lawyers stand ready to assist with bankruptcy cases, whether it is a chapter 7 bankruptcy or a chapter 13 bankruptcy. Do not leave your financial future to chance - get the expert help you need today.
At CaJacob Law Group, everything we do is tailored to fit you. Founding attorney Jennifer CaJacob is a lifelong humanitarian dedicated to helping her… Unclaimed: Claim this business
At the Chris Wesner Law Office, LLC we stand ready to assist you in matters involving bankruptcy, criminal defense, personal injury, and estate planning…
Graham & Associates Law Offices, LLC is a full service law firm specializing in personal bankruptcy and business bankruptcy. Specifically, we are experts in…
Graham & Associates Law Offices, LLC is a full service law firm specializing in personal bankruptcy and business bankruptcy. Specifically, we are experts in…
Graham & Associates Law Offices, LLC is a full service law firm specializing in personal bankruptcy and business bankruptcy. Specifically, we are experts in…
At Guerrieri, Cox & Associates, LLC., in Columbus, Ohio, we have helped thousands of indebted people throughout central Ohio to regain control of their…
When your personal issues seem impossible to handle on your own, you can turn to us, Ohio Chapter 7 & 13 Bankruptcy lawyers Roger… Unclaimed: Claim this business
Mahaffey & Associates is a Toledo law firm that offers outstanding customer service and skilled legal counsel in areas of consumer and corporate bankruptcy,…
Mahaffey & Associates is a local law firm with offices throughout the Toledo Metro, including Northwood, that offers outstanding customer service and skilled legal…
Bankruptcy Attorney serving Cleveland, Ohio. Paolucci Law is a private law firm focused on Chapter 7 and Chapter 13 bankruptcy. Since 2001, attorney Dean…
You can trust Rick West. Over 20,000 families in the Sprindale, Sharonville Cincinnati area have trusted Rick to end their financial hardships, and help…
Cincinnati Bankruptcy Lawyer Richard West. When you review bankruptcy attorneys in Cincinnati Ohio you'll see more people trust Richard West to wipe out credit…
With the economy continuing to struggle and jobs still hard to find, many people are facing increasingly difficult financial straits. Both a bankruptcy attorney or debt settlement attorney can help you understand your legal options to deal with creditors.
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Basic Difference Between Bankruptcy Lawyer and Debt Settlement Attorney
While it's common that a bankruptcy attorney is also well-qualified to act as a debt settlement attorney, you should understand an important distinction between the two legal means of resolving debts.
A debt settlement attorney will represent you with your creditors to negotiate a workable payment plan, and perhaps even negotiate a reduction in the total amount you owe. However, the debt settlement attorney will work separately with each creditor. In addition, the creditors aren't obligated to sit down at the table with your debt settlement attorney.
In contrast, if you file for bankruptcy, your bankruptcy lawyer represents your interests before the bankruptcy court. The bankruptcy court does have the power to compel your creditors to participate in the proceeding. You've now centralized all claims against you into a single proceeding. Your bankruptcy lawyer will still be negotiating with your creditors, but now under the supervision of the bankruptcy court.
A challenge to filing for bankruptcy is that it can have legal implications beyond the bankruptcy proceeding itself and is a matter of public record. You may find it preferable for a debt settlement attorney to help you resolve your debt issues privately, especially if you have only one or two major creditors.
A bankruptcy attorney can help advise you whether filing for bankruptcy or working privately is the right option for you.
Sources of Bankruptcy Law
The main bankruptcy laws in the United States are federal laws. If you do file for bankruptcy, you'll be filing in a federal bankruptcy court. A bankruptcy attorney must be admitted to practice in the federal court district where you're located in order to represent you in the bankruptcy court.
In addition, each state does have its own laws that can impact your case, such as homestead exemption laws that determine how you can protect your home during the bankruptcy process.
Basic Bankruptcy Law
The Bankruptcy Code is commonly known by its various chapters, such as Chapter 7 or Chapter 13. Simply put, the chapter under which your bankruptcy lawyer will recommend you file will depend on whether you're filing as an individual or a legal entity. The chapter selection will also depend on whether you want to liquidate your assets to pay off your debts or reorganize your debts into a single payment plan.
Each chapter has its own requirements, so you might only be eligible for one type of bankruptcy. Your bankruptcy lawyer will help determine which chapters are available to you.
The goal of the bankruptcy proceeding is to offer you a fresh start once it's over. This doesn't mean you can avoid paying your debts through bankruptcy, only that your bankruptcy attorney will help you negotiate a manageable resolution.
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