Bankruptcy Attorneys
Bankruptcy law provides for the development of a plan
that allows a debtor, who is unable to pay his creditors, to resolve his
debts through the division of his assets among his creditors. This supervised
division also allows the interests of all creditors to be treated with
some measure of equality. Certain bankruptcy proceedings allow a debtor
to stay in business and use revenue generated to resolve his or her debts.
An additional purpose of bankruptcy law is to allow certain debtors to
free themselves (to be discharged) of the financial obligations they have
accumulated, after their assets are distributed, even if their debts have
not been paid in full.
Bankruptcy proceedings are supervised by and litigated in the United
States Bankruptcy Courts. These courts are a part of the District Courts
of The United States. The United States Trustees were established by Congress
to handle many of the supervisory and administrative duties of bankruptcy
proceedings. Proceedings in bankruptcy courts are governed by the Bankruptcy
Rules which were promulgated by the Supreme Court under the authority
of Congress.
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not a law firm. We help consumers find the best representation for their
legal needs. Our service allows the consumer to review responses by many
law firms. This process introduces competition amongst the law firms and
allows the consumer to find superior legal representation.
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attorneys competing for your case. Email up to 10 law
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