Best Bankruptcy & Debt Lawyers in Portugal

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GFDL Advogados
Santarém, Portugal

Founded in 2018
15 people in their team
Portuguese
English
French
GFDL Advogados is an independent full-service law firm based in Lisbon. Our team comprises highly skilled advisors and lawyers with international experience in law and business affairs.Our dedicated teams handle all aspects of doing business and investing in Portugal. We consolidate intellectually...
Jorge Cardoso da Costa Advogado
Vila Nova de Gaia, Portugal

English
Jorge Cardoso da Costa Advogado, located in Vila Nova de Gaia, Portugal, offers comprehensive legal services across multiple practice areas, including bankruptcy, civil law, divorce, estate litigation, general practice, insurance, real estate, and trial law. The firm is committed to delivering...

Founded in 2010
English
Mendes Londral & Associados, Sociedade de Advogados SP RL, established in 2011, is a distinguished law firm based in Funchal, Madeira. The firm offers comprehensive legal services, including legal and tax consulting, litigation, and negotiations, with a particular focus on business and real estate...

Founded in 1993
50 people in their team
Portuguese
English
Established in Coimbra since December 1993 and in Praia de Mira since 1998 until June 2015, when it changed location to Portomar (Mira), the Office has been specializing in Company Law, Insolvency and Restructuring, Labour Law, Tax Law, Banking and Business, providing services to Clients...
Fernandes & Saraiva Advogados
Vila Nova de Gaia, Portugal

Founded in 2008
English
Established in 2008, Fernandes & Saraiva Advogados is a distinguished law firm located in the heart of Vila Nova de Gaia, Portugal. The founding partners, Ana Fernandes and Manuel Saraiva, each bring over 25 years of full-time legal experience, having both completed their law degrees in 1995 and...
RPRM Advogados
Porto, Portugal

Founded in 2011
5 people in their team
Portuguese
English
The RPM ADVOGADOS office located in the city of Porto, but with operations throughout the Portuguese territory, assumes a commitment to clarity, transparency and uncompromising defense of each case it assumes, as well as an attitude of respect towards all stakeholders of justice.We are an office...

Founded in 2017
English
Passos & Passos - Escritório de Advogados, R.L., established in 2017 and located in the heart of Espinho, Portugal, offers comprehensive legal services across various domains. The firm's primary practice areas include Civil Law, Criminal Law and Misdemeanors, Labor Law, Family and Succession Law...
RC Advogados
Braga, Portugal

Founded in 2000
50 people in their team
Portuguese
English
RC - Advogados has as its primary objective the guarantee of the rights of its clients, complying with legal and ethical principles, working in legal business consultancy, preventive and litigation advocacy.For this reason, no efforts are spared in the constant updating and improvement of the team,...

English
Cerqueira Magro Advogados is a distinguished law firm with offices in Portugal and Switzerland, offering comprehensive legal services to Portuguese-speaking clients with interests in both countries. The firm's team possesses in-depth knowledge of the professional and business cultures in the...

English
Maria Elisa Vieira - Advogada is a distinguished law firm based in Porto, Portugal, offering comprehensive legal services to both individuals and businesses. With over 20 years of experience, the firm is committed to delivering quality, seriousness, and independence in its practice. The firm's...
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About Bankruptcy & Debt Law in Portugal:

In Portugal, bankruptcy and debt laws are governed by the Insolvency and Corporate Recovery Code. This legislation provides a legal framework for individuals and businesses facing financial difficulties. Bankruptcy is a legal process that allows debtors to seek relief from overwhelming debts, while debt restructuring can help borrowers negotiate more manageable repayment plans with creditors.

Why You May Need a Lawyer:

Seeking legal advice from a bankruptcy and debt lawyer in Portugal may be necessary in various situations, such as:

  • Filing for bankruptcy
  • Negotiating debt repayment plans
  • Defending against legal actions from creditors
  • Understanding your rights and obligations under bankruptcy laws

Local Laws Overview:

Key aspects of bankruptcy and debt laws in Portugal include:

  • Bankruptcy proceedings can be initiated either by the debtor (voluntary bankruptcy) or by creditors (involuntary bankruptcy)
  • Debtors may be subject to asset liquidation to repay creditors
  • Debt restructuring agreements can be negotiated with the assistance of a court-appointed mediator
  • Debt forgiveness may be granted in certain circumstances

Frequently Asked Questions:

1. Can individuals file for bankruptcy in Portugal?

Yes, individuals can file for bankruptcy in Portugal under the Insolvency and Corporate Recovery Code.

2. How long does the bankruptcy process typically take?

The duration of the bankruptcy process can vary depending on the complexity of the case, but it usually takes several months to a few years.

3. Will filing for bankruptcy affect my credit score?

Yes, filing for bankruptcy can have a negative impact on your credit score, making it difficult to obtain credit in the future.

4. What is debt restructuring?

Debt restructuring is a process in which debtors negotiate new repayment terms with creditors to make their debt more manageable.

5. Can creditors take legal action against me if I am unable to repay my debts?

Yes, creditors can take legal action to recover debts, including initiating bankruptcy proceedings against debtors.

6. Are there alternatives to bankruptcy in Portugal?

Yes, debt restructuring and negotiation with creditors are alternatives to filing for bankruptcy in Portugal.

7. How can a lawyer help me with my bankruptcy case?

A bankruptcy lawyer can provide legal advice, represent you in court proceedings, negotiate with creditors, and help you understand your rights and options under the law.

8. Can I keep any assets if I file for bankruptcy?

Depending on the circumstances, certain assets may be exempt from the bankruptcy process, allowing you to retain them.

9. How much does it cost to hire a bankruptcy lawyer in Portugal?

The cost of hiring a bankruptcy lawyer in Portugal can vary depending on the complexity of the case and the lawyer's fees. It is important to discuss fees and payment arrangements upfront.

10. What should I do if I am struggling with debt in Portugal?

If you are facing overwhelming debt in Portugal, it is advisable to seek legal advice from a bankruptcy lawyer to explore your options and determine the best course of action.

Additional Resources:

For more information on bankruptcy and debt laws in Portugal, you may consider contacting the Portuguese Bar Association or the Portuguese Consumer Protection Agency for guidance and assistance.

Next Steps:

If you are seeking legal assistance with bankruptcy and debt in Portugal, it is recommended to schedule a consultation with a qualified bankruptcy lawyer to discuss your case and explore your options. Be prepared to provide information about your financial situation, debts, assets, and any legal actions taken against you by creditors.

Lawzana helps you find the best lawyers and law firms in Portugal through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy & Debt, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Portugal - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.