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You may be able to go without a lawyer if your case is straightforward — for example, if you have a simple Chapter 7 bankruptcy with no assets to protect, limited income and few creditors ...
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]
A bankruptcy petition preparer is a person who is not an attorney or an employee of an attorneys who prepares a document for filing in the United States Bankruptcy Court for another person. Bankruptcy petition preparers are authorized in the bankruptcy code under 11 U.S.C. §110, [ 1 ] but are limited in the services that they provide direct to ...
Attorneys who dabble in a little of everything are likely not aware of the granular aspects of bankruptcy law or up to speed with the latest legal developments in this area of practice.
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.
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
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