Finance Law area
Legal advice on creditors and debtors, financing generally, bankruptcy, budgets, payment obligations, investments, legal help and everyday money issues. This area of law also covers: Insurance law, Securities law and Tax law. Need to talk to a lawyer? Our lawyers from the U.S. and 26 countries are available online 24 hours a day. Click "ASK OUR LAWYERS" above!
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Bitcoin and Cryptocurrency Legal Help
By WORLD Law Group, updated: [September 15th, 2023]
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FAQs
Your most common questions answered:
- Will filing for bankruptcy stop bill collectors from harassing me?
- [January 21st 2018]
- When you file for bankruptcy, an "automatic stay" goes into effect. The automatic stay prohibits virtually all creditors from taking any action to collect, unless the bankruptcy court lifts the stay and lets the creditor proceed with collections."
- What happens to my property while I'm in bankruptcy?
- [January 26th 2018]
- Generally, after a debtor files for bankruptcy, a creditor may not attempt to collect the debts outside of the bankruptcy proceedings. Similarly, once a piece of property becomes subject to the bankruptcy proceeding, the debtor may not transfer it. In fact, some transfers, liens, or secured interests that occur prior to the proceedings may also be declared invalid.
- Do I need a lawyer to declare bankruptcy?
- [January 26th 2018]
- A lawyer is not absolutely required, but since bankruptcy is a serious matter that will have an impact on your financial future for years, hiring a lawyer is strongly recommended. You can file for bankruptcy without a lawyer simply by going to the clerk of your local federal bankruptcy court and asking for the appropriate forms.
