What is a bankruptcy lawyer?
A bankruptcy lawyer represents either the creditor or debtor in bankruptcy proceedings. They aim to minimise or eliminate debt or assist in the commencement of bankruptcy proceedings. Bankruptcy lawyers representing a debtor will strive to reduce their debt load and repayments to creditors. A bankruptcy lawyer may also support creditors, ensuring that as much money owed from the debtor is obtained.
Our lawyer network includes a wide range of bankruptcy lawyers who can assist you.
When will I need a bankruptcy lawyer?
A bankruptcy lawyer is useful in situations where you owe money or where money is owed to you. A debtor may voluntarily initiate proceedings by issuing a debtor’s petition. A bankruptcy lawyer can assist in the proceedings of a debtor’s petition and help you to work out the next steps. A bankruptcy lawyer is also useful where creditors issue a creditor’s petition to claim their debts. When a creditor’s petition has been issued bankruptcy lawyers can be utilised by both parties.
What will a bankruptcy lawyer provide?
A bankruptcy lawyer will be able to provide extensive guidance to both creditors and debtors in bankruptcy proceedings. They have the necessary experience which can help you to maximise the best outcome for yourself as a debtor or creditor and overcome any legal issues which can arise throughout the process.
How much will a bankruptcy lawyer charge?
Legal costs can be unpredictable and expensive which is a burden for both debtors or creditors in bankruptcy proceedings. Our aim at LawPath is to provide you with legal options that are fast, affordable and tailored to your bankruptcy needs. We’ll connect you with an experienced bankruptcy lawyer that is best suited to your individual needs. This allows you to choose the solution which is best tailored to your situation.