Best Bankruptcy & Debt Lawyers in North Macedonia

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Law office Tamara Slaveska Apostolovski

Law office Tamara Slaveska Apostolovski

Skopje, North Macedonia

Free Consultation: 15 mins


Founded in 2019
1 people in their team
Our law office is situated in the capital city of North Macedonia – Skopje. We offer a wide range of legal services in the field of business,...
English
Bachovski Sinkoli Attorneys

Bachovski Sinkoli Attorneys

Skopje, North Macedonia

Founded in 2020
7 people in their team
Bacovski Sinkoli Attorneys (“BSA”) is a law firm that offers legal services in all areas of work.The attorneys of BSA lawyers are especially...
English
Advocate Vladimir Kacarski Skopje

Advocate Vladimir Kacarski Skopje

Skopje, North Macedonia

Founded in 2011
1 people in their team
In my 10 years of working experience I have passed many cases and gained precious working and practical knowledge. In my legal practice I deal...
Macedonian
Serbian
Croatian
Bosnian
English
Law Office Attorney SVETISLAV STOJANOSKI, LL.M.

Law Office Attorney SVETISLAV STOJANOSKI, LL.M.

Skopje, North Macedonia

Founded in 2015
1 people in their team
Attorney Svetislav Stojanoski, LL.M. is an independent practitioner of legal activity, as an independent and public service that provides legal...
Macedonian
Serbian
Bulgarian
English

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About Bankruptcy & Debt Law in North Macedonia:

Bankruptcy and debt issues can be stressful and overwhelming, but the legal system in North Macedonia provides protections and processes to help individuals navigate these challenges. Bankruptcy law provides a way for individuals or businesses to seek relief from overwhelming debts and start fresh financially. It is important to understand the laws and regulations surrounding bankruptcy and debt in North Macedonia to protect your rights and interests.

Why You May Need a Lawyer:

You may need a lawyer if you are facing overwhelming debt, harassment from creditors, or lawsuits related to debt. A lawyer can help you understand your rights under bankruptcy laws in North Macedonia, guide you through the bankruptcy process, and negotiate with creditors on your behalf. A lawyer can also represent you in court proceedings and ensure that your rights are protected throughout the legal process.

Local Laws Overview:

In North Macedonia, bankruptcy laws are governed by the Law on Financial Operation and Bankruptcy. This law provides procedures for individuals and businesses to declare bankruptcy, restructure their debts, and seek relief from creditors. The law also outlines the rights and responsibilities of debtors, creditors, and the bankruptcy court. It is important to familiarize yourself with the specific provisions of this law if you are considering filing for bankruptcy or facing debt-related legal issues.

Frequently Asked Questions:

1. Can I file for bankruptcy in North Macedonia?

Yes, individuals and businesses can file for bankruptcy in North Macedonia under the Law on Financial Operation and Bankruptcy.

2. What are the different types of bankruptcy in North Macedonia?

There are two main types of bankruptcy in North Macedonia: voluntary bankruptcy, where the debtor initiates the process, and involuntary bankruptcy, where creditors force the debtor into bankruptcy.

3. How does bankruptcy affect my assets?

Bankruptcy may involve the liquidation of assets to pay off debts or the restructuring of debts to allow the debtor to keep certain assets. The specific impact on your assets will depend on the type of bankruptcy you file and the specific circumstances of your case.

4. Will bankruptcy stop creditor harassment?

Yes, once you file for bankruptcy, an automatic stay goes into effect, stopping creditors from taking any further collection actions against you.

5. How long does the bankruptcy process take in North Macedonia?

The bankruptcy process can vary depending on the complexity of the case, but it typically takes several months to complete.

6. Can I discharge all of my debts through bankruptcy?

Not all debts are dischargeable in bankruptcy. Certain debts, such as child support, alimony, and student loans, may not be discharged in bankruptcy.

7. What are the consequences of bankruptcy on my credit score?

Bankruptcy can have a negative impact on your credit score, making it more difficult to obtain credit in the future. However, it is possible to rebuild your credit over time.

8. Do I need to attend court hearings for bankruptcy?

Yes, you may be required to attend court hearings as part of the bankruptcy process, especially if there are disputes or issues that need to be resolved in court.

9. Can I file for bankruptcy more than once?

There are restrictions on how often you can file for bankruptcy in North Macedonia. It is important to consult with a lawyer to understand your options if you have filed for bankruptcy in the past.

10. How can a lawyer help me with bankruptcy and debt issues?

A lawyer can provide legal advice, represent you in court proceedings, negotiate with creditors, and help you navigate the complexities of bankruptcy and debt law in North Macedonia.

Additional Resources:

If you need legal assistance with bankruptcy and debt issues in North Macedonia, you can contact the Macedonian Bar Association or the Ministry of Justice for information on reputable lawyers and legal resources.

Next Steps:

If you are facing overwhelming debt or considering bankruptcy in North Macedonia, it is important to seek legal advice as soon as possible. A qualified lawyer can help you understand your options, protect your rights, and guide you through the legal process. Contact a lawyer experienced in bankruptcy and debt law in North Macedonia to discuss your situation and determine the best course of action for your financial future.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.