Best Bankruptcy & Debt Lawyers in Taguig

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List of the best lawyers in Taguig, Philippines

ACE Law Office

Taguig, Philippines

Founded in 2023

10 people in their team

estopa-law.com

English

Tagalog

We are a Philippine-based law firm focusing on Family Law (including annulment, nullity of marriage, and recognition of foreign divorce), Real Estate Law, and Civil Litigation, among other practice areas.Our approach is client-centered and solution-oriented. We take pride in being responsive,...

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Philippines Bankruptcy & Debt Legal Questions answered by Lawyers

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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 Taguig, Philippines

Bankruptcy & Debt law in Taguig, Philippines governs the legal processes individuals and businesses go through when they are unable to repay their debts. This area of law provides a framework for debtors to seek relief from their debts while also protecting the rights of creditors.

Why You May Need a Lawyer

There are various situations where you may need a lawyer specializing in Bankruptcy & Debt law in Taguig, Philippines. Some common scenarios include facing overwhelming debt, receiving threats of legal action from creditors, or needing assistance in filing for bankruptcy. A lawyer can provide guidance on your rights, options, and legal processes involved in debt relief.

Local Laws Overview

In Taguig, Philippines, the key aspects of Bankruptcy & Debt law include the provisions outlined in the Financial Rehabilitation and Insolvency Act (FRIA). This law governs the rehabilitation and liquidation of financially distressed individuals and businesses, providing a legal framework for debt restructuring and debt discharge.

Frequently Asked Questions

1. What is the difference between Chapter 7 and Chapter 13 bankruptcy?

Chapter 7 bankruptcy involves the liquidation of assets to repay debts, while Chapter 13 bankruptcy allows for debt repayment through a court-approved repayment plan.

2. How will filing for bankruptcy affect my credit score?

Filing for bankruptcy will negatively impact your credit score, but it may provide a fresh start for managing your debts in the long run.

3. Can all debts be discharged in bankruptcy?

Not all debts can be discharged in bankruptcy, such as child support payments, student loans, and certain tax debts.

4. What is the automatic stay in bankruptcy?

The automatic stay is a provision that halts all collection actions by creditors once a bankruptcy case is filed, providing debtors with temporary relief from debt collection efforts.

5. How long does the bankruptcy process typically take?

The bankruptcy process can vary in length, with Chapter 7 typically lasting a few months, while Chapter 13 can take several years to complete.

6. Can I keep any of my assets if I file for bankruptcy?

Under bankruptcy exemptions, debtors may be able to keep certain assets, such as a primary residence or essential personal belongings.

7. What are the alternatives to filing for bankruptcy?

Alternatives to bankruptcy include debt consolidation, debt settlement, and negotiating with creditors for modified payment plans.

8. Will I lose my job if I file for bankruptcy?

Employers are generally prohibited from discriminating against employees who file for bankruptcy, but certain positions in finance or fiduciary roles may be affected.

9. Can I file for bankruptcy without a lawyer?

Filing for bankruptcy without a lawyer, also known as pro se representation, is possible but not recommended due to the complexity of bankruptcy laws and procedures.

10. How can a lawyer help me in bankruptcy and debt matters?

A lawyer specializing in Bankruptcy & Debt law can provide legal advice, represent you in court proceedings, help negotiate with creditors, and ensure that your rights are protected throughout the bankruptcy process.

Additional Resources

For additional resources and support in Bankruptcy & Debt matters in Taguig, Philippines, you may consider reaching out to the Philippine Insolvency and Bankruptcy Institute (PIBI) or consulting the Supreme Court's guidelines on insolvency and bankruptcy proceedings.

Next Steps

If you are in need of legal assistance in Bankruptcy & Debt in Taguig, Philippines, it is advisable to consult with a qualified lawyer specializing in this field. They can assess your financial situation, provide legal advice tailored to your circumstances, and guide you through the process of seeking debt relief or filing for bankruptcy.

Lawzana helps you find the best lawyers and law firms in Taguig 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 Taguig, 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.