Best Bankruptcy & Debt Lawyers in Quezon City

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List of the best lawyers in Quezon City, Philippines

Recososa Law Firm

Quezon City, Philippines

Founded in 2020

11 people in their team

www.facebook.com

English

Tagalog

All Specialization Law Firm & Notary Public located at the heart of Cebu City In IT Park Lahug. From Commercial Law, Labor Law, Immigration Law, Criminal Law such as Estafa, Cybercrime like Cyberlibel, Defamation, Fraud, Criminal Prosecution, Civil Law, Land Dispute, Land Registration,...

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Apollo X.C. S. Sangalang

15 minutes Free Consultation

Quezon City, Philippines

Founded in 1995

16 people in their team

Tagalog

English

Consultation Fee: PhP5,000 +12% VAT (or USD100) per hour via online or in-person meeting, email correspondence, WhatsApp or Viber chat. APOLLO X.C. S. SANGALANG (“Attorney PoL”) is a business lawyer, labor law coach, corporate counsel, legal educator and conflict strategist, as...

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ACE Law Office

Quezon City, Philippines

Founded in 2023

10 people in their team

English

Tagalog

Trusted Family Law Experts in the Philippines – ACE Law OfficeAt ACE Law Office, we recognize that facing legal challenges, especially those involving family matters, can feel overwhelming. That’s why we are committed to offering not just legal expertise, but also empathy and clarity throughout...

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Philippines Bankruptcy & Debt Legal Questions answered by Lawyers

Browse our 2 legal questions about Bankruptcy & Debt in Philippines and the lawyer answers, or ask your own questions for free.

Is an OFW /expatriate in UAE with an existing bank loan can have a travel ban order in our country?: Hi, there may be a helpful answer of your querry,Unpaid personal loans or credit card debt (even if it's from a UAE bank) are considered civil cases, not criminal offenses under international law.Interpol is usually involved only for serious criminal charges (like fraud, human trafficking, terrorism, etc.) — not for consumer debt. So, unless your bank in UAE converted the case into a criminal case for fraud (which is rare unless fake documents were used), Interpol will not be involved.Some UAE emirates allow people to check police cases online using passport number:Dubai Police: https://www.dubaipolice.gov.aeNavigate to: Criminal Status of Financial CasesYou can use your Emirates ID number or passport numberAbu Dhabi Judicial Department: https://www.adjd.gov.aeNote: You may need a UAE mobile number or login credentials in some cases.If there’s an active police case or travel ban filed by the bank:You may be detained at immigration upon arrival in the UAEOr denied entry altogetherBut if no case is filed, then re-entry may be allowed (though risky without checking first).For proper assistance we need more details thanks.ISLAW FIRMEMAIL: [email protected] / WEBSITE: islaw.com.pk / Whatts App No: 00923219289992
Can a lender sell the property pledged by default lender?: No. That is not allowed by law.

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About Bankruptcy & Debt Law in Quezon City, Philippines

Bankruptcy & Debt Law in Quezon City, Philippines provides legal remedies for individuals and businesses facing financial difficulties. It helps protect the rights of both debtors and creditors, ensuring fair resolution of debts and the opportunity for a fresh start. Bankruptcy & Debt Law aims to provide relief for overwhelmed debtors while ensuring a fair distribution of assets to creditors.

Why You May Need a Lawyer

Bankruptcy & Debt issues can be complex, and having a lawyer by your side can provide crucial support and guidance. Here are some common situations where you may need legal help:

If you are struggling with overwhelming debt and considering filing for bankruptcy
If you have been served with a lawsuit or legal notice related to your debts
If you need assistance negotiating with creditors or creating a debt repayment plan
If you want to understand your legal rights and options regarding debt collection practices
If you need help with financial counseling or credit management

Local Laws Overview

Bankruptcy & Debt laws in Quezon City, Philippines are primarily governed by the "Financial Rehabilitation and Insolvency Act" (FRIA) of 2010, which provides guidelines and procedures for bankruptcy, rehabilitation, and debt restructuring. Some key aspects of the local laws include:

Filing bankruptcy petitions with the Regional Trial Court of Quezon City
Establishing different types of bankruptcy proceedings, including liquidation and rehabilitation
Protecting debtors from harassment and unfair debt collection practices
Implementing a system for the fair distribution of assets to creditors
Providing opportunities for debtors to reorganize their finances and rehabilitate their businesses

Frequently Asked Questions

1. Can I file for bankruptcy in Quezon City, Philippines?

Yes, individuals and businesses can file for bankruptcy in Quezon City, Philippines under the provisions of the Financial Rehabilitation and Insolvency Act of 2010.

2. Will filing for bankruptcy eliminate all my debts?

No, not all debts can be eliminated through bankruptcy. Certain types of debt, such as secured debts (mortgages, car loans) and certain priority debts (child support, taxes), may not be discharged.

3. What is the difference between liquidation and rehabilitation bankruptcy?

Liquidation bankruptcy involves the sale of a debtor's assets to repay debts, while rehabilitation bankruptcy aims to help debtors reorganize their finances and repay debts over time, allowing them to continue operating their businesses.

4. How does bankruptcy affect my credit score?

Bankruptcy can have a significant impact on your credit score, making it challenging to obtain credit in the future. However, it also provides an opportunity for a fresh start and the ability to rebuild your credit over time.

5. Can I choose between filing for bankruptcy and negotiating with my creditors?

Yes, you have the option to negotiate with your creditors to create a debt repayment plan instead of filing for bankruptcy. Consulting with a lawyer can help you understand your best course of action based on your specific circumstances.

Additional Resources

If you require legal advice or more information on Bankruptcy & Debt in Quezon City, Philippines, you may find the following resources helpful:

Supreme Court of the Philippines: Official website of the Supreme Court, which provides access to laws, court procedures, and legal resources. Visit the website here.
Integrated Bar of the Philippines (IBP) – Quezon City Chapter: Local organization of lawyers that can provide referrals to experienced bankruptcy and debt attorneys. Contact them here.
Philippine Insolvency and Restructuring Council (PIRC): Non-profit organization that promotes best practices in insolvency and restructuring. They offer valuable resources and professional networking opportunities. Visit their website here.

Next Steps

If you require legal assistance in Bankruptcy & Debt in Quezon City, Philippines, follow these steps:

Evaluate your situation and determine if legal help is necessary.
Research bankruptcy and debt lawyers in Quezon City who specialize in your specific needs.
Consult with a lawyer to discuss your case, understand your options, and get personalized advice.
If necessary, proceed with any legal actions, such as filing for bankruptcy or negotiating with creditors, with the guidance of your lawyer.
Keep communication open with your lawyer throughout the process, providing any requested documentation or information promptly.

Lawzana helps you find the best lawyers and law firms in Quezon City 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 Quezon City, Philippines—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.