If you have reached a situation where there is no option but to file for bankruptcy, you can go ahead and complete the process without a lawyer. You are allowed to do that. However, most people do not exercise this option, although they are low on finances and will have to shell out considerable sums towards legal fees....
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Imagine you have a magic genie. You make a wish, “let all my debts vanish.” The genie obeys your command. You are debt-free! Well, life isn’t always a fairy tale. And when it isn’t, there are bankruptcy lawyers to help you come out of the debt trap. It is not easy to file for bankruptcy. At times, it may not be the best option. It is good to take legal advice before filing. There are chapters to choose from. A legal counsel can guide you in the choice of chapters and in every step of the filing procedure. With a...
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Chapter 11 usually makes big news when large companies fall into financial difficulty. It is a form of bankruptcy that involves the restructuring of the debtor company’s business affairs. In a nutshell, Chapter 11 offers the debtor a fresh start. It begins with the filing of a petition in the bankruptcy court. Typically, this version of bankruptcy is voluntary. In such a scenario, the debtor takes the lead and seeks bankruptcy relief. It is also possible that creditors or lenders may group together to file an involuntary petition against the defaulting company. Here is how Chapter 11 operates The court will help the...
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A majority of the population across the globe is facing financial hardships due to the Coronavirus outbreak. Lawyers are observing an overwhelming number of bankruptcy filings. Thinking of declaring yourselves as bankrupt? Not so soon. It’s wise to first consult a lawyer. Bankruptcy may not be the right option for everybody. Moreover, bankruptcy features different chapters. An affordable bankruptcy lawyer in MD can help you decide what chapter is right for you. Commercial bankruptcy lawyers Commercial bankruptcy lawyers are for businesses. If your business is going through a downfall and you wish to be free from the harassing creditors, you can...
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So finally you have decided to declare yourselves bankrupt. Before you think of doing this all alone, think again. Bankruptcy is a complicated law. Each state has different laws. Besides, the case requires heavy paperwork. Plus, you must undergo two courses the certificates of which you need to present in the court....
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