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About Bankruptcy

Tuesday, November 27, 2007

Sometimes, Bankruptcy is the Only Option

When an individual or company is hopelessly buried in debt, bankruptcy may be the only option. Bankruptcy allows individuals and companies to free themselves from this mountain of debt and start over. Bankruptcy can put you back in control, rather than having your debt control you.

Legally, you are not required to have a bankruptcy lawyer if you will be filing either Chapter 7 bankruptcy or Chapter 13 bankruptcy. However, bankruptcy law is very complex. In many cases, it will be in your best interest to retain an experienced bankruptcy attorney.

In fact, in March of 2005, the U.S. Senate passed a bill that makes it easier for banks, realtors, credit card companies, and other creditors to recoup some money owed to them by entities filing for bankruptcy. So, if you are considering personal bankruptcy, choose a bankruptcy attorney from The Bankruptcy Directory.

A bankruptcy attorney will save you countless hours of worrying and frustration. The bankruptcy attorneys listed in The Bankruptcy Directory are experienced in bankruptcy law and will assist you in deciding which chapter of bankruptcy is right for you. Your bankruptcy lawyer will walk you through every step of the bankruptcy process.
Click on a link to find a Bankruptcy Lawyer in that state.

Disclaimer: The information throughout The Bankruptcy Directory is not intended to be or to replace legal advice. The information throughout The Bankruptcy Directory is intended to provide general information regarding bankruptcy law. If you are interested in filing for bankruptcy, contact a bankruptcy lawyer in your area.