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Image source: Getty Images. For many years, I was a bankruptcy lawyer. As opposed to when I practiced litigation (suing people and defending lawsuits), bankruptcy was a dream practice.
The rate of non-attorney filings in bankruptcy courts by debtors, according to University of Illinois Law School's Professor Robert Lawless was 13.8% for chapter 13 cases, and 10.1% for chapter 7 cases. [citation needed] The rate was as high as 30% to 45% for major urban areas, such as California and New York City.
LegalZoom was a nominee for the American Bar Association's 2005 Louis M. Brown Award. [18] In 2011, Business Insider ranked LegalZoom 27th on its list of the world's most valuable startups, [19] and in 2012, Fast Company ranked LegalZoom 26th on its list of the most innovative companies.
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.
However, it is not without consequence. Bankruptcy stays on your credit report for years. ... If you are considering bankruptcy, speak with an attorney. They can guide you to the best time to file ...
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]
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