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A bankruptcy attorney looks after your best interests to make sure you’re in the best position for a successful financial future. A bankruptcy attorney handles a lot of details that are ...
Although bankruptcy is a federal procedure, in certain regards, it looks to state law, such as to exemptions and to define property rights. The Bankruptcy Code provides that each state has the choice whether to "opt in" and use the federal exemptions or to "opt out" and to apply the state law exemptions.
U.S. Court of Appeals and District Court map. In the U.S. federal judicial system, the United States is divided into 94 judicial districts. Each state has at least one judicial district, as do the District of Columbia and Puerto Rico. Each judicial district contains a United States district court with a bankruptcy court under its
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
An attorney can go over your options and let you know if bankruptcy is a viable option for your situation. Decide if you will file for Chapter 7 or Chapter 13 bankruptcy.
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