Best Bankruptcy Lawyers - November 2024

Ariel Omar Valdes

Bankruptcy and debt Lawyer Serving at Chicago - Illinois

Greater Chicago Legal Clinic Inc. 17 N State Street 1710, Illinois , 60602
  • Bankruptcy and debt, Criminal Defense, Estate Planning, Family and Real Estate
  • Chicago, Illinois Bankruptcy and debt Lawyer with 33 years of experience
Free Consultation (312) 726-2838

0 reviews

Lawyer Serving at Chicago - Illinois

Greater Chicago Legal Clinic Inc. 17 N State Street 1710, Illinois , 60602
Free Consultation (312) 726-2838

Melissa S. Byrd

Bankruptcy and debt Lawyer Serving at Troy - Michigan

320 E Big Beaver Rd Ste 300, Michigan, 48083-1271
  • Bankruptcy and debt, Debt and Lending Agreements and Litigation
  • Troy, Michigan Bankruptcy and debt Lawyer
Free Consultation (586) 446-1757

0 reviews

Lawyer Serving at Troy - Michigan

320 E Big Beaver Rd Ste 300, Michigan, 48083-1271
Free Consultation (586) 446-1757

Troy Andrew Blackwell

Bankruptcy and debt Lawyer Serving at Amarillo - Texas

703 S Van Buren St, Texas, 79101-2235
  • Bankruptcy and debt, Consumer Protection, Debt and Lending Agreements and Wills and Living Wills
  • Amarillo, Texas Bankruptcy and debt Lawyer with 29 years of experience
Free Consultation 806-331-3130

0 reviews

Lawyer Serving at Amarillo - Texas

703 S Van Buren St, Texas, 79101-2235
Free Consultation 806-331-3130

Ezenwanyi Abii

Lawsuits and Disputes Lawyer Serving at Pearland - Texas

3129 Kingsley Dr Ste 110, Texas, 77584-8506
  • Lawsuits and Disputes, Bankruptcy and debt, Business, Family, Real Estate, Wills and Living Wills, Immigration, Mediation and Contracts and Agreements
  • Pearland, Texas Lawsuits and Disputes Lawyer with 6 years of experience
Free Consultation 281-901-0614

0 reviews

Lawyer Serving at Pearland - Texas

3129 Kingsley Dr Ste 110, Texas, 77584-8506
Free Consultation 281-901-0614

Bryan Timothy Glover

Bankruptcy and debt Lawyer Serving at Seattle - Washington

600 University St Ste 3600, Washington, 98101-4109
  • Bankruptcy and debt, Debt and Lending Agreements and Real Estate
  • Seattle, Washington Bankruptcy and debt Lawyer with 8 years of experience

0 reviews

Lawyer Serving at Seattle - Washington

600 University St Ste 3600, Washington, 98101-4109

Aditi Niranjan Paranjpye

Bankruptcy and debt Lawyer Serving at Seattle - Washington

524 2nd Ave Ste 500, Washington, 98104-2323
  • Bankruptcy and debt
  • Seattle, Washington Bankruptcy and debt Lawyer with 7 years of experience

0 reviews

Lawyer Serving at Seattle - Washington

524 2nd Ave Ste 500, Washington, 98104-2323

Christopher Bryant Graham

Bankruptcy and debt Lawyer Serving at Eastsound - Washington

PO Box 1358, Washington, 98245-1358
  • Bankruptcy and debt, Foreclosure, Real Estate, Land Use and Zoning and Tax
  • Eastsound, Washington Bankruptcy and debt Lawyer with 2 years of experience

0 reviews

Lawyer Serving at Eastsound - Washington

PO Box 1358, Washington, 98245-1358

Jamie L Edmonson

Chapter 11 Bankruptcy

  • Chapter 11 Bankruptcy, Bankruptcy and debt and Corporate and Incorporation
  • with 22 years of experience
Free Consultation (302) 516-1705

0 reviews

Free Consultation (302) 516-1705

Harry Owen Lee Lee

Bankruptcy and debt Lawyer Serving at Columbus - Georgia

PO Box 1676, Georgia, 31902
  • Bankruptcy and debt and Creditor's Rights
  • Columbus, Georgia Bankruptcy and debt Lawyer with 30 years of experience
Free Consultation (706) 576-5152

0 reviews

Lawyer Serving at Columbus - Georgia

PO Box 1676, Georgia, 31902
Free Consultation (706) 576-5152

Mark Edward Zaleski

Bankruptcy and debt Lawyer Serving at Rockford - Illinois

IL Dept of Children and Family Services 200 South Wyman Suite 201, Illinois , 61101
  • Bankruptcy and debt, Criminal Defense, DUI and DWI, Divorce and Separation and Speeding and Traffic Ticket
  • Rockford, Illinois Bankruptcy and debt Lawyer with 31 years of experience
Free Consultation (815) 222-2014

0 reviews

Lawyer Serving at Rockford - Illinois

IL Dept of Children and Family Services 200 South Wyman Suite 201, Illinois , 61101
Free Consultation (815) 222-2014

Introduction to Bankruptcy Law

Bankruptcy law focuses on aiding individuals and businesses facing financial distress. It encompasses various bankruptcy filings, debt restructuring, and strategies for asset protection. Experts in this area guide clients through legal pathways to manage and overcome financial difficulties, safeguarding their rights and assets.

Common Types of Cases Handled by Bankruptcy Attorneys

  • Chapter 7 Bankruptcy – Guidance on liquidation procedures to eliminate unsecured debts, often suitable for individuals seeking a fresh financial start.

  • Chapter 11 Bankruptcy – Assistance to businesses in debt restructuring while continuing operations, helping them reorganize debts and maintain business functionality.

  • Chapter 13 Bankruptcy – Support in creating repayment plans for individuals to manage debts, offering a structured approach to repay debts over time while keeping assets.

  • Debt Negotiation and Settlement – Strategies to negotiate favorable debt settlements with creditors, aiming to reduce the overall debt burden and find agreeable repayment terms.

Considerations When Selecting the Ideal Bankruptcy Lawyer

  • Specialization in Bankruptcy Law – Look for expertise in various types of bankruptcy and debt relief options, ensuring the attorney is well-versed in the specific bankruptcy chapter relevant to your case.

  • Experience in Similar Financial Situations – Seek lawyers with a proven record in cases similar to your financial scenario, as their prior experience can provide insights and strategies tailored to your situation.

  • Reputation and Track Record – Consider their success in navigating bankruptcy cases effectively, including their ability to secure favorable outcomes for their clients.

  • Client Feedback – Read reviews to assess their effectiveness and client service quality, which can provide a sense of the lawyer's reliability and dedication to clients.

How to Choose a Bankruptcy Attorney

  • Initial Research – Explore Legal.com's list of seasoned bankruptcy lawyers, which offers a curated selection of professionals with diverse bankruptcy expertise.

  • Credentials Verification – Check the attorney’s qualifications and standing in the legal community to ensure they are licensed and have a good professional reputation.

  • Consultation – Understand their approach to your financial situation during a detailed consultation, where you can discuss your specific financial challenges and goals.

  • Assessing Knowledge and Empathy – Choose a lawyer who combines bankruptcy law expertise and understanding of your financial challenges, showing both technical skill and personal understanding of your situation.

The Bankruptcy Claim Process

  • Initial Consultation – Discuss your financial situation and the lawyer's proposed strategy to get an overview of the possible bankruptcy pathways and their implications.

  • Filing for Bankruptcy – Assistance with preparing and submitting bankruptcy filings, ensuring that all legal requirements are met and the process is handled efficiently.

  • Asset and Liability Assessment – Evaluating your assets to guide the bankruptcy process, which is crucial for understanding how bankruptcy will affect your financial landscape.

  • Creditors’ Meetings – Representation in negotiations and meetings with creditors, where your lawyer will advocate on your behalf to reach equitable agreements.

  • Court Proceedings – Advocacy during legal proceedings related to bankruptcy, providing skilled legal representation to protect your interests in court.

Types of Relief in Bankruptcy Cases

  • Debt Discharge – Elimination of unsecured debts like credit card and medical bills, offering a pathway to financial relief and a fresh start.

  • Asset Protection – Strategies to safeguard assets from liquidation, ensuring that you retain as much of your property as possible during bankruptcy.

  • Debt Restructuring – Planning for effective debt reorganization, which can provide a more manageable way to handle financial obligations.

  • Prevention of Foreclosures – Legal actions to halt property loss, protecting your home and other properties from being seized.

The Most Common Challenges in Bankruptcy Cases

  • Navigating Bankruptcy Laws – Managing the complexities of various bankruptcy laws and procedures requires detailed legal knowledge and strategic planning.

  • Dealing With Creditors – Handling negotiations and settlements with creditors often involves challenging discussions and the need for persuasive negotiation skills.

  • Asset Evaluation – Accurately determining assets for protection under bankruptcy is a critical step in preserving your financial foundation.

  • Coping With Financial Stress – Addressing the emotional and financial burdens of bankruptcy often requires both legal and emotional support to navigate successfully.

Bankruptcy Lawyers FAQs

When looking for the best bankruptcy lawyer for your case, consider their expertise in this specific area of the law, experience with similar financial scenarios, and approach to client communication.
Bankruptcy attorneys offer services such as various bankruptcy filings, debt restructuring, negotiations with creditors, and court representation, covering all stages from consultation to debt resolution. Legal.com's directory offers a range of bankruptcy attorneys to suit different needs.
Before you hire a bankruptcy lawyer, evaluate their specialization in bankruptcy, case success rate, client testimonials, and approach to managing bankruptcy cases. Choose a lawyer who is knowledgeable and empathetic to your financial situation.
Many bankruptcy lawyers offer free initial consultations to discuss your case and potential strategies. However, it's important to confirm their consultation fee structure beforehand.
Legal.com’s list of bankruptcy attorneys is updated monthly to provide the most current and relevant options.
To make sure we only feature high-quality legal representation, we choose which bankruptcy lawyers to list based on peer and client reviews, professional achievements, and independent research.
Legal.com is an independent platform, currently not affiliated with any particular bankruptcy law firms. We will maintain our commitment to being a trustworthy resource for legal assistance, even if we do accept sponsorships in the future.