Best Bankruptcy Lawyers in Buffalo

About Bankruptcy Law in Buffalo, United States:

Bankruptcy law in Buffalo, United States is a legal process that allows individuals or businesses to seek relief from their debts and obtain a fresh financial start. Filing for bankruptcy can be a complex and daunting process, so it's essential to seek legal advice from a qualified attorney who specializes in bankruptcy law.

Why You May Need a Lawyer:

There are several common situations where people may require legal help in bankruptcy, such as navigating complex bankruptcy laws, understanding their options for debt relief, protecting their assets, and representing them in court proceedings. A bankruptcy lawyer can provide valuable guidance and ensure that your rights are protected throughout the process.

Local Laws Overview:

In Buffalo, United States, the bankruptcy process is governed by federal laws outlined in the U.S. Bankruptcy Code. However, there are certain local laws and procedures that may be specific to Buffalo that individuals filing for bankruptcy should be aware of. It's recommended to consult with a local bankruptcy attorney who is familiar with the laws and regulations in Buffalo.

Frequently Asked Questions:

Q: What are the different types of bankruptcy?

A: The most common types of bankruptcy for individuals are Chapter 7 and Chapter 13 bankruptcy. Chapter 7 involves liquidating assets to pay off debts, while Chapter 13 involves creating a repayment plan to pay off debts over time.

Q: Will bankruptcy stop creditors from harassing me?

A: Filing for bankruptcy will trigger an automatic stay, which legally prevents creditors from contacting you or taking any further action to collect debts during the bankruptcy process.

Q: Can I keep my car or home if I file for bankruptcy?

A: Depending on your specific situation and the type of bankruptcy you file, you may be able to keep certain assets like your car or home through exemptions provided by bankruptcy laws.

Q: How long does the bankruptcy process take?

A: The length of the bankruptcy process can vary depending on the type of bankruptcy you file and the complexity of your case. In general, Chapter 7 bankruptcy typically takes a few months to complete, while Chapter 13 bankruptcy can take three to five years.

Q: Will bankruptcy ruin my credit score?

A: While bankruptcy can have a negative impact on your credit score, it is possible to rebuild your credit over time by practicing good financial habits and working with a credit counselor.

Q: Can I file for bankruptcy without a lawyer?

A: While it is possible to file for bankruptcy without a lawyer, it is highly recommended to seek legal advice from a qualified bankruptcy attorney to ensure that your rights are protected and to navigate the complex bankruptcy laws successfully.

Q: What debts can be discharged in bankruptcy?

A: Most unsecured debts, such as credit card debt, medical bills, and personal loans, can be discharged in bankruptcy. However, certain debts like student loans, child support, and alimony are generally not dischargeable in bankruptcy.

Q: How much does it cost to file for bankruptcy?

A: The cost of filing for bankruptcy includes court filing fees, credit counseling fees, and attorney fees. The total cost can vary depending on the complexity of your case and the attorney you choose to work with.

Q: Can I file for bankruptcy more than once?

A: You can file for bankruptcy more than once, but there are time limitations between filings. For example, if you previously filed for Chapter 7 bankruptcy, you must wait eight years before filing for Chapter 7 again.

Q: What are the consequences of not filing for bankruptcy?

A: If you are struggling with overwhelming debt and do not file for bankruptcy, you may face potential legal actions from creditors, wage garnishment, repossession of assets, and damage to your credit score. Filing for bankruptcy can provide relief and protection from such consequences.

Additional Resources:

For individuals seeking legal advice and assistance with bankruptcy in Buffalo, United States, it's recommended to contact the local bankruptcy court, the Buffalo Bar Association, or the American Bankruptcy Institute for valuable resources and referrals to qualified bankruptcy attorneys.

Next Steps:

If you are considering filing for bankruptcy in Buffalo, United States, it's crucial to consult with a reputable bankruptcy attorney who can assess your financial situation, explain your options, and guide you through the bankruptcy process. Take the first step towards a fresh financial start by scheduling a consultation with a bankruptcy lawyer today.