An individual or organization who is unable to pay their creditors can file bankruptcy protection under Chapter 7, Chapter 11, Chapter 12, or Chapter 13 of the U.S. Bankruptcy Code.
A bankruptcy lawyer’s client must be able to demonstrate that bankruptcy is the best solution for their financial problems.
A bankruptcy lawyer will then help theIn the United States, bankruptcy is legal protection for people who cannot pay their creditors which allows them to start over with a clean slate by keeping certain assets while paying
What is bankruptcy? Bankruptcy is a legal status of an individual or organization, whether business or non-profit, that cannot repay the debts it owes to creditors. A bankruptcy lawyer is someone who specializes in this area of law. They have studied insolvency, bankruptcy laws and how they apply to bankruptcy cases. What does a bankruptcy…