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A bankruptcy lawyer can assess your financial situation, advise you on the most suitable type of bankruptcy to file (such as Chapter 7 or Chapter 13), prepare and file all necessary paperwork ...
Bankruptcy allows you to discharge your debts (Chapter 7) or restructure them in a more manageable way (Chapter 13), providing a chance to start fresh without the pressure of insurmountable bills.
Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.
In 2006, Nolo began publishing a directory of attorneys, which is asserted to operate on the principle that both participating lawyers and consumers are better served by a relatively short list of qualified attorneys under each category (business law, real estate, etc.), with much information for side-by-side comparisons. [citation needed]
The American Bankruptcy Institute is an organization of over 13,000 bankruptcy and insolvency professionals, including attorneys, judges, law professors, accountants, investment bankers and turn-around specialists. It bills itself as the "largest multi-disciplinary, non-partisan organization dedicated to research and education on matters ...
Most bankruptcy attorneys predicted that this will result in increased attorneys fees and will make attorneys less likely to take on some cases. In addition, bankruptcy filings are now subject to audit in a manner similar to tax returns. Increased compliance requirements for small businesses. The new law increases the bureaucratic compliance ...
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