Best Bankruptcy & Debt Lawyers in Tirana

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Andoni Law & Tax

Andoni Law & Tax

1 hour Free Consultation
Tirana, Albania

Founded in 2019
6 people in their team
English
Italian
Albanian
About Andoni Law + TaxWelcome and thank you for exploring Andoni Law + Tax. We invite you to connect with our firm, where your aspirations and challenges become our focus.At the heart of Andoni Law + Tax lies our profound industry expertise paired with top-tier legal acumen, positioning us to craft...
Studio Ligjore De Jure

Studio Ligjore De Jure

30 minutes Free Consultation
Tirana, Albania

Founded in 1999
5 people in their team
English
Italian
Albanian
Studio Ligjore De Jure  is a law firm founded in 1999. It is a full-service law firm with a strong focus on foreign-related legal matters. Our practical knowledge and rich experiences allow us to provide comprehensive legal services to our Albanian and foreign corporate clients.Studio Ligjore...
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Founded in 2011
7 people in their team
Albanian
English
Italian
Turkish
French
Tivari & Hareçari law firm was created in 2011 by lawyers Att. Idlir Tivari and Att. Elda Hareçari. Our law firm aims at providing their clients with legal services and representation in national and international jurisdictions at all levels, fiscal and financial consultancy, through a...
Brahimaj & Ferizaj Law Firm
Tirana, Albania

Founded in 2012
50 people in their team
Albanian
English
The Firm provides legal assistance, both in transactional work and in litigation proceedings, in all areas of criminal, civil, corporate and commercial law, in Italy and internationally.It is the Firm's goal and the objective of its attorneys to offer highly specialized and technical assistance and...

Founded in 2014
10 people in their team
Albanian
English
“If you need professional service, get it from professionals.”ARS was established in January 2014, with the aspiration to become a leader in the Albanian market, and not only. Initially, it was established as a law office, but to respond to clients’ requests and needs, in January 2015, a year...
Avokat Gazmend Reka
Tirana, Albania

Founded in 2019
4 people in their team
Albanian
Italian
English
1. Legal advice on matters pertaining to various fields of law (civil, commercial, administrative, criminal, banking, trading, corporate, insurance, investment, intellectual property, properties, labor, employment and emigration, taxes, bankruptcy, securities, religion, etc.).2. Drafting legal acts...

Founded in 2011
19 people in their team
Albanian
English
Italian
French
LPA Legal is a Leading Albanian law firm, situated in the capital Tirana. Today, the firm is considered to be the leading law firm in the field of business law and energy & natural resources law. Our team of 19 experienced lawyers provides a highly qualified service to our international and...
CLO Legal Solutions
Tirana, Albania

Founded in 2005
6 people in their team
Albanian
English
Italian
CLO Legal Solutions is a business law firm with extensive legal practice in Albania, encompassing all aspects of investment law. Our lawyers, attorneys and solecitors provide a variety of legal services to a deverse and constantly expanding clientage...
Advice Albania Legal Firm
Tirana, Albania

Founded in 2011
14 people in their team
Albanian
English
Italian
Advice Albania firm, is established to provide high quality and cost-effective legal services for clients around the world. The Firm operates at both national and international level through its office in Tirana and collaborates with other professional firms and financial advisors of high standing...
Legus Law Office
Tirana, Albania

Founded in 2002
10 people in their team
Albanian
English
About UsThe Legus law firm represents and assists companies and individual clients, on a national and international scale, providing legal assistance principally in the field of civil and corporate law.The law firm’s working teams always try to combine different specializations and experiences,...
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Browse bankruptcy & debt law firms by service in Tirana, Albania

Tirana, Albania Attorneys in related practice areas.

About Bankruptcy & Debt Law in Tirana, Albania

Bankruptcy and debt law in Tirana, Albania, governs the legal processes and regulations surrounding individuals and businesses facing financial hardships. It provides a framework for individuals and businesses to manage their debt obligations and, in some cases, obtain a fresh start.

Why You May Need a Lawyer

While it is not always necessary to hire a lawyer for bankruptcy and debt matters, seeking legal assistance can be highly beneficial in certain situations:

  1. If you are unsure whether bankruptcy is the right solution for your financial situation
  2. If you need guidance on the types of bankruptcy options available and their implications
  3. If you are encountering difficulties negotiating with creditors
  4. If you require assistance with the preparation and filing of bankruptcy documents
  5. If you need representation in court during bankruptcy proceedings

Local Laws Overview

In Tirana, Albania, bankruptcy and debt law incorporates the provisions outlined in the Bankruptcy Law and the Civil Code. Key aspects of the local laws that are particularly relevant to bankruptcy and debt include:

  • Recognition of two primary forms of bankruptcy: liquidation and reorganization
  • Requirements for filing bankruptcy, such as proving insolvency and completing credit counseling
  • Establishment of a bankruptcy court to oversee bankruptcy cases and resolve related disputes
  • Protection of certain assets from liquidation, allowing debtors to retain essential possessions
  • Guidelines for the repayment of debts and the development of a repayment plan, if applicable

Frequently Asked Questions

1. Can bankruptcy eliminate all my debts in Tirana, Albania?

No, bankruptcy cannot eliminate all types of debts. While some debts may be discharged, others such as certain taxes, student loans, child support, and criminal fines are generally non-dischargeable.

2. What is the difference between liquidation and reorganization bankruptcy?

Liquidation bankruptcy, also known as Chapter 7 bankruptcy, involves the sale of a debtor's non-exempt assets to repay creditors. Reorganization bankruptcy, referred to as Chapter 11 or Chapter 13 bankruptcy, allows the debtor to create a repayment plan to reorganize and pay off their debts over time.

3. Will bankruptcy stop creditor harassment in Tirana?

Yes, once you file for bankruptcy, an automatic stay is typically issued. This stay prohibits creditors from contacting you or pursuing any further collection actions, providing temporary relief from creditor harassment.

4. How long does bankruptcy stay on my credit report in Tirana, Albania?

Bankruptcy can remain on your credit report for a significant period, typically up to 10 years. However, its impact on your creditworthiness may diminish over time as you rebuild your financial standing.

5. Can I file for bankruptcy without an attorney in Tirana, Albania?

Yes, it is possible to file for bankruptcy without an attorney. However, considering the complexity of bankruptcy laws and the potential consequences of errors or omissions, consulting with a qualified bankruptcy attorney is often recommended to ensure the process is handled correctly.

Additional Resources

If you need legal advice or additional information regarding bankruptcy and debt in Tirana, Albania, consider referring to the following resources:

  • Tirana Bar Association (www.tiranabarassociation.al) - Contact the local bar association to find reputable bankruptcy lawyers and seek recommendations.
  • Albanian Financial Supervisory Authority (www.fshf.gov.al) - The regulatory body that oversees financial and banking matters in Albania. They may offer guidance or direct you to relevant resources.
  • National Bank of Albania (www.bankofalbania.org) - Visit the website of the central bank to access information about financial regulations and the banking system in Albania.

Next Steps

If you require legal assistance regarding bankruptcy and debt matters in Tirana, Albania, consider taking the following steps:

  1. Evaluate your situation: Assess your financial circumstances and determine if bankruptcy is the appropriate solution for your debt problems.
  2. Research and gather information: Familiarize yourself with local bankruptcy laws and regulations in Tirana, Albania.
  3. Consult with a bankruptcy lawyer: Seek the advice of a qualified bankruptcy attorney to understand your options and determine the best course of action.
  4. Prepare necessary documentation: If you decide to proceed with bankruptcy, work with your attorney to gather the required documents and information to initiate the process.
  5. Follow your attorney's guidance: Cooperate with your legal representative, attend all required meetings and hearings, and follow their instructions throughout the bankruptcy proceedings.
Lawzana helps you find the best lawyers and law firms in Tirana 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 Tirana, Albania - 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.