who is the best bankruptcy lawyer and why?

How to find a good bankruptcy lawyer?

What Should You Ask a Fort Lauderdale Bankruptcy Lawyer?

• First impressions count. ...
• Once you’re in with the lawyer, are they listening to your situation and asking questions? ...
• Ask about their bankruptcy experience. ...
• How large is the lawyer’s law firm? ...
• How quickly do they return calls, emails or texts? ...
• How hands-on will the attorney be after the initial consultation? ...

More items...

Where is the cheapest bankruptcy lawyer?

“ Low Cost Bankruptcy+Quality!”

• Our prices usually please everyone.
• You can Pre-Qualify for Bankruptcy.
• Free Consultation.

Who is the best bankruptcy attorney in Las Vegas?

Our firm has one of the best bankruptcy lawyer Las Vegas NV has ever seen. One of our partners, Matthew L. Johnson, is one the few lawyers in Nevada who is Board Certified in Business Bankruptcy Law by the American Board of Certification and is Certified as a Specialist by the State Bar of Nevada.

How much does a lawyer charge for bankruptcy?

With that said, if you do hire a bankruptcy attorney, you will have to pay them. The costs for attorneys can vary widely, but Chapter 7 bankruptcy lawyers tend to charge a little under or over $1,000. Meanwhile, Illinois courts now cap Chapter 13 attorney fees at $3,500.

Why do you need a bankruptcy lawyer?

Hiring a bankruptcy lawyer can help you keep valuable property, work with your creditors, and stop debtors from harassing you. Even if you think you cannot afford a bankruptcy lawyer, the value can outweigh the cost, especially if having an attorney keeps your case from being dismissed by the courts.

What can a bankruptcy attorney do?

A bankruptcy attorney can help you manage personal or business debts you are unable to pay. Bankruptcy laws allow people and businesses to (1) get a “fresh start” by relieving most debts; and (2) repay the money owed to all creditors as fairly as possible.

Can creditors sue you for bankruptcy?

When you file for bankruptcy protection, all other legal actions against you are put on hold. Creditors cannot sue you, garnish your wages, repossess your car or home entertainment system, or start or continue with a foreclosure action against your home.

Who handles bankruptcy cases in Virginia?

Established over 30 years ago, the Law Office of Deborah N. Arthur handles bankruptcy cases in Alexandria. The firm's bankruptcy attorneys help clients assess their financial situation by reviewing debts, assets, income, and expenses before filing for chapter 7 and chapter 13 bankruptcy. They also provide advice on discharging taxes under Virginia bankruptcy law. They also assist in estate planning, helping clients prepare advanced medical directives, last testaments, powers of attorney, revocable and irrevocable trusts, and wills. Furthermore, they guide executors throughout the probate process.

How long does bankruptcy last?

Chapter 7 bankruptcy remains on the record for 10 years as there isn't necessarily a repayment component. Chapter 13 bankruptcy remains on the record for seven years as some obligations are repaid following filing based on the terms of a discharge settlement.

What happens when you file for bankruptcy?

The creditor agrees to take a payment that's lower than what someone owes and call the debt “paid in full.”. Bankruptcy is a legal process that causes debts to be dismissed after someone proves they don't currently have the means to pay their debts as owed.

How long does bankruptcy stay on the record?

How long bankruptcy stays on public record depends on the kind of bankruptcy filing in question. Chapter 7 bankruptcy remains on the record for 10 years as there isn't necessarily a repayment component.

Why is my credit score dropping after bankruptcy?

Often scores are already dropping because people filing for bankruptcy may have already missed payments on debts. Chapter 13 bankruptcies are listed on credit reports for seven years from the filing date, while Chapter 7 bankruptcies are listed for 10 years from the filing date.

Can debt collectors collect after bankruptcy?

Once the bankruptcy process is initiated, debt collectors can no longer seek repayments outside of the arrangements detailed in the bankruptcy settlement. Some forms of bankruptcy result in the liquidation of assets to pay back debts, while others allow filers to retain most of their possessions and investments.

Who is the lawyer for Conway Law Group?

The firm is comprised of lawyers Martin Conway and Andrew Chen, who have over 25 years of combined experience in bankruptcy law. The firm is committed to being thoughtful of its clientele's needs and experiences to represent their case properly. Conway Law Group offers chapters 7, 11, and 13 filings for individuals who are on the brink of bankruptcy.

Our Methodology

Recognition by Best Lawyers is based entirely on peer review. Our methodology is designed to capture, as accurately as possible, the consensus opinion of leading lawyers about the professional abilities of their colleagues within the same geographical area and legal practice area.

Practice Area Definition

The bankruptcy litigation practice offers an ideal mixture of transactional strength and litigation reinforcement arising in the context of business reorganizations and bankruptcy cases.

How to help someone with bankruptcy?

Provide information about all of your options to alleviate debt. Provide guidance through the complex bankruptcy process. Assist in the completion of extensive bankruptcy paperwork. Ensure your rights are protected. And more importantly, a bankruptcy lawyer doesn't have to be expensive.

How much does a bankruptcy lawyer charge?

In some areas of the country bankruptcy lawyers may charge as little as $750 for a simple, Chapter 7, no-asset case. In other parts of the country the fees can be as high as $1000- $2000, and unfortunately, most bankruptcy lawyers are going to require debtors to pay these fees prior to filing the Chapter 7 Bankruptcy petition.

How do I file for bankruptcy?

Bankruptcy lawyers understand the bankruptcy process and after your initial consultation if you decide bankruptcy is right for you the bankruptcy lawyer will perform the following tasks: 1 File your bankruptcy petition - whether you are filing for Chapter 7 or Chapter 13 Bankruptcy the bankruptcy petition must be filed in the appropriate bankruptcy court. 2 File all bankruptcy schedules this includes completing all of the appropriate schedules (including the filer's assets and liabilities, executory contracts, unexpired leases, statement of financial affairs, and current income and expenditures). 3 Work with the debtor to create and file a Chapter 13 Bankruptcy plan. This plan must be submitted to the court 15 days from the date the bankruptcy petition is submitted. This is not needed for a Chapter 7 Bankruptcy. 4 Attend the 341 Creditor Meeting with you (the debtor).

Do I need a lawyer to file for bankruptcy?

Do I need an Attorney to File Bankruptcy? Hiring a bankruptcy lawyer is a personal choice. Legally you are allowed to file a bankruptcy on your own or "pro se" but doing so will require time, knowledge of the bankruptcy process and a dedication to understanding bankruptcy laws.

Can bankruptcy lawyers negotiate fees?

If you need to save money find out if they are willing to negotiate the fees and if there are any tasks you can do yourself to reduce the costs. The good news is that many bankruptcy lawyers will allow a claimant to pay the fees through their bankruptcy plan.

What is the role of finance lawyers in Chapter 11?

Ali Kelly, meanwhile, emphasizes that “ finance lawyers play a huge role in a Chapter 11, in critical elements of the case: the DIP (Debtor in Possession) loan when you go in, and exit loan when you go out. Many people working for larger firms are listed as finance lawyers, but they mainly do DIP loans.

What is BRR lawyer?

BRR lawyers navigate court proceedings, while also deal-making at breakneck speed, selling off assets, and striking agreements between creditors and debtors. A former BRR lawyer himself, Whistler’s Mat Martin "loves working with BRR attorneys because there is no artifice.

Do BRR attorneys play games?

There are no games: BRR attorneys have to work quickly and efficiently to triage and resolve problems in the hope of saving the business. This straightforward approach leads to mutual respect between attorneys and an incredibly high level of candor, mentorship, and collegiality within the BRR bar.”.

Is bankruptcy a divorce?

Bankruptcy attorneys are not the business equivalent of divorce attorneys. As a bankruptcy lawyer, you might need to prove that you are better qualified than attorneys in other practices for the broad role of a general counsel. “The key is knowing how to sell yourself,” says Ali Kelly.

Will banks become more aggressive after forbearance agreements expire?

It is not difficult to speculate that once forbearance agreements and principal deferrals expire, banks will become more aggressive.”. Bankruptcies will follow, according to Robert Dakis, formerly a bankruptcy partner at a New York firm, now GC at Churchill Real Estate.

Is bankruptcy a niche practice?

“ A move to BRR could be your chance for more meaningful work. ” Bankruptcy is often regarded as a niche practice – but, Sean points out, its difference is its advantage. “ Although general practice has gone the way of the dinosaur, bankruptcy is the last place at a top law firm where you can be what lawyers used to be: the client’s go-to guy.” Burke says bankruptcy attorneys will handle corporate, litigation, employment and IP work, and get to work closely with the business side. “That’s actually a key parallel to startup practice that attracts associates, what we call ‘outside GC experience’. You hold clients’ hands through everything.”

What is bankruptcy law?

Bankruptcy law is the system of rules that govern unfortunate situations where individuals or organizations possess an overwhelming amount of debt and are seeking a way out. "Bankruptcy law is about equity," Sheereen E. Middleton, founder of the Middleton Legal law firm in Maryland, explained in an email. "It's about balancing the rights of the ...

When will the debt limit for Chapter 13 bankruptcy increase?

In addition, debt limits for Chapter 13 bankruptcy filings increased in 2019, expanding the number of people and businesses that are eligible for this type of bankruptcy.

Why do you need a trial law class?

A trial law class is also beneficial, since it allows J.D. students to cultivate litigation skills they will need if they become bankruptcy attorneys, Carson says. Other experts suggest that future bankruptcy lawyers should participate in moot court competitions to gain public speaking skills.

Should bankruptcy attorneys find out about bankruptcy?

Future bankruptcy attorneys should find out whether their target law schools have bankruptcy law clinics or legal aid programs that help indebted individuals and companies . (Getty Images) When people realize that their debts exceed their assets, they often panic, overwhelmed by their fears for the future.