Asylum lawyer queens | Divorce & family lawyer queens | Bankruptcy law

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Bankruptcy law is a legal process that allows individuals or businesses who cannot repay their debts to seek relief from their creditors. The goal of bankruptcy law is to provide debtors with a fresh start while also ensuring that creditors are treated fairly.


There are several types of bankruptcy, including Chapter 7, Chapter 11, and Chapter 13 bankruptcy. Chapter 7 bankruptcy is the most common form of bankruptcy for individuals and involves the liquidation of the debtor's assets to pay off their creditors. Chapter 11 bankruptcy is used by businesses and allows them to reorganize and continue operating while paying off their debts. Chapter 13 bankruptcy is also for individuals and involves a reorganization of their debts, allowing them to repay their debts over time.


Bankruptcy law is complex and often requires the assistance of a bankruptcy attorney. The process involves filing a petition with the court, attending meetings with creditors, and following specific guidelines and requirements set by the bankruptcy court.


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