Bankruptcy Lawyer
Bankruptcy Lawyers and Attorneys
If you find yourself under a mounting pile of bills because you simply do not make enough money to pay off all of your monthly and other financial obligations, a bankruptcy lawyer or attorney may be able to help you. The terms lawyer and attorney are used interchangeably in the U.S. to mean the same things. But the term bankruptcy has threatening connotations to it no matter where you are. Many people associate declaring bankruptcy with losing all of their possessions, including their home, car and items of sentimental value. This does not always have to be the case.
If you think you need to or know you need to declare bankruptcy, it may be in your best interest to contact a bankruptcy lawyer today. There are different kinds of bankruptcy for different kinds of situations. Determining the best kind of bankruptcy to declare for a particular situation and the process itself of filing for bankruptcy, are complicated.
Bankruptcy Attorneys
Commercial Bankruptcy
A bankruptcy attorney can help a business or other commercial entity that is going through bankruptcy by protecting the business from creditors while they are in the process of this. As well, they may be able to clear its loans and request time to restructure its business. Commercial bankruptcy attorneys often specialize in Chapter 7 and Chapter 11 bankruptcy.
Consumer Bankruptcy
A bankruptcy attorney can also help individuals and a spouse or domestic partner, by dealing with creditors, clearing debt, setting payment plans, and helping to ensure non-exempt assets do not get liquidated, to name a few of the things a consumer bankruptcy attorney does for their clients. Consumer bankruptcy attorneys tend to focus on Chapter 7 and Chapter 13 bankruptcy.
When You Are in Need of a Bankruptcy Attorney
- Being unable to pay bills and pay for basic expenses
- Not knowing how to approach creditors about overdue and increasing debt
- Constant calls from creditors and debt collectors
- Bounced checks
- Bad credit that is getting worse
- No cash flow
- You are being sued or threatened with lawsuits (these can be small claims and/or civil lawsuits)