Bankruptcy
Bankruptcy
Bankruptcy is a process where consumers and businesses can eliminate or repay their debts under the protection of the federal bankruptcy court.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is used by businesses and individuals. It involves a complete liquidation of a debtors assets in order to pay creditors.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is typically used by consumers. A repayment plan is developed to stop creditor harassment while paying off debts over a specific time period.
Chapter 11 Bankruptcy
Businesses use Chapter 11 bankruptcy to reorganize debt so they can continue to operate.
Common Mistakes
In the following video, Attorney Betty Carter presents 5 things that you should never do when filing bankruptcy.
Five Things To Avoid When Filing Bankruptcy
1. Do not lie to your attorney
2. Do not continue to use credit
3. Do not pay off credit cards
4. Do not pay debts to family or friends
5. Do not transfer property to anyone
Top Bankruptcy Lawyers
1. Winston & Strawn LLP
http://www.winston.com/en/index.html
San Francisco, CA: 415-591-1000
Charlotte, NC: 704-350-7700
Houston, TX: 713-651-2600
Los Angeles, CA: 213-615-1700
Chicago, IL: 312-558-5600
New York City, NY: 212-294-6700
2. Akin Gump Strauss Haur & Feld LLP
http://www.akingump.com/en/index.html
New York City, NY: 212-872-1000
Dallas, TX: 214-969-2800
Los Angeles, CA: 213-254-1200
Washington, DC: 202-887-4000
3. Andrew Kurth LLP
http://www.andrewskurth.com/
4. Arent Fox LLP
http://www.arentfox.com/
Bankruptcy is a process where consumers and businesses can eliminate or repay their debts under the protection of the federal bankruptcy court.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is used by businesses and individuals. It involves a complete liquidation of a debtors assets in order to pay creditors.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is typically used by consumers. A repayment plan is developed to stop creditor harassment while paying off debts over a specific time period.
Chapter 11 Bankruptcy
Businesses use Chapter 11 bankruptcy to reorganize debt so they can continue to operate.
Common Mistakes
In the following video, Attorney Betty Carter presents 5 things that you should never do when filing bankruptcy.
Five Things To Avoid When Filing Bankruptcy
1. Do not lie to your attorney
2. Do not continue to use credit
3. Do not pay off credit cards
4. Do not pay debts to family or friends
5. Do not transfer property to anyone
Top Bankruptcy Lawyers
1. Winston & Strawn LLP
http://www.winston.com/en/index.html
San Francisco, CA: 415-591-1000
Charlotte, NC: 704-350-7700
Houston, TX: 713-651-2600
Los Angeles, CA: 213-615-1700
Chicago, IL: 312-558-5600
New York City, NY: 212-294-6700
2. Akin Gump Strauss Haur & Feld LLP
http://www.akingump.com/en/index.html
New York City, NY: 212-872-1000
Dallas, TX: 214-969-2800
Los Angeles, CA: 213-254-1200
Washington, DC: 202-887-4000
3. Andrew Kurth LLP
http://www.andrewskurth.com/
4. Arent Fox LLP
http://www.arentfox.com/
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