Best Bankruptcy Lawyers in Finland

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Asianajotoimisto S. Tuomaala Oy

Asianajotoimisto S. Tuomaala Oy

Espoo, Finland

Founded in 2000
50 people in their team
ATTORNEY ESPOO & HELSINKIOur law office offers legal services to companies and individuals in Espoo and Helsinki, under the management of lawyer...
Finnish
English
Laki Lehtonen

Laki Lehtonen

Helsinki, Finland

Founded in 2016
50 people in their team
Laki Lehtonen is Finland's leading law firm specializing in consumer disputes . The subject of the dispute is not of great importance in terms of...
Finnish
English
Attorneys Mika Ala-Uotila Oy

Attorneys Mika Ala-Uotila Oy

Tampere, Finland

Founded in 2000
50 people in their team
Advocacy respecting traditionsFrom our law firm, you can get multidisciplinary and solid know-how and friendly service, especially in housing trade,...
Finnish
Swedish
English
Norra Law Firm

Norra Law Firm

Oulu, Finland

Founded in 2000
50 people in their team
What is Norra?Norra is a professional in business law, whose services cover the needs of corporate clients regardless of industry.Norra's experienced...
Finnish
Swedish
English
Magnusson Ltd

Magnusson Ltd

Helsinki, Finland

Founded in 2004
500 people in their team
As a client of Magnusson, your interaction will be with one expert attorney as a single point of contact. But what enables this individual to deliver...
Finnish
English

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About Bankruptcy Law in Finland

Bankruptcy law in Finland allows individuals and businesses who are unable to pay their debts to seek legal protection and a fresh start. The process involves a court-supervised restructuring of debts or liquidation of assets to repay creditors.

Why You May Need a Lawyer

Bankruptcy is a complex legal process that involves various laws and regulations. A lawyer can help you navigate the legal system, protect your rights, and ensure that you achieve the best possible outcome in your bankruptcy case.

Local Laws Overview

In Finland, bankruptcy is governed by the Bankruptcy Act. Some key aspects of Finnish bankruptcy laws include the ability to file for both personal and corporate bankruptcy, the appointment of a trustee to oversee the process, and the possibility of debt relief for individuals who meet certain criteria.

Frequently Asked Questions

1. How do I know if bankruptcy is the right option for me?

Bankruptcy may be the right option if you are unable to pay your debts and need legal protection from creditors. It is important to consult with a lawyer to assess your specific situation and determine the best course of action.

2. Can I file for bankruptcy on my own?

While it is possible to file for bankruptcy on your own, it is highly recommended to seek legal advice from a lawyer who specializes in bankruptcy law. A lawyer can help you navigate the legal process and protect your rights.

3. What happens to my assets in bankruptcy?

During bankruptcy, your assets may be liquidated to repay creditors. However, certain exemptions may apply, allowing you to keep essential assets such as your home or car. A lawyer can help you understand how bankruptcy will affect your assets.

4. How long does the bankruptcy process take?

The length of the bankruptcy process can vary depending on the complexity of your case. In Finland, the average bankruptcy process lasts for 1-2 years. A lawyer can provide more information about the timeline for your specific case.

5. Will bankruptcy affect my credit rating?

Bankruptcy will have a negative impact on your credit rating, making it difficult to obtain credit in the future. However, bankruptcy also provides a fresh start and the opportunity to rebuild your credit over time. A lawyer can explain the implications of bankruptcy on your credit rating.

6. Can I start a new business after bankruptcy?

Yes, you can start a new business after bankruptcy. However, it is important to disclose your bankruptcy history to potential business partners and lenders. A lawyer can advise you on how to navigate the process of starting a new business after bankruptcy.

7. What are the consequences of filing for bankruptcy?

Consequences of filing for bankruptcy may include the liquidation of assets, restrictions on obtaining credit, and a negative impact on your credit rating. A lawyer can help you understand the consequences of bankruptcy and how they may affect your financial future.

8. Can creditors challenge my bankruptcy filing?

Yes, creditors have the right to challenge your bankruptcy filing if they believe that you have committed fraud or other wrongdoing. A lawyer can help you defend against any challenges made by creditors during the bankruptcy process.

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

The cost of hiring a bankruptcy lawyer can vary depending on the complexity of your case and the lawyer's fee structure. Some lawyers may offer a free initial consultation to discuss your case and provide a quote for their services. It is important to discuss fees with your lawyer before hiring them.

10. What should I look for in a bankruptcy lawyer?

When hiring a bankruptcy lawyer, it is important to look for someone with experience in bankruptcy law, a good reputation, and a clear fee structure. It is also important to feel comfortable working with your lawyer and confident in their ability to handle your case. A lawyer can provide guidance on finding the right attorney for your bankruptcy case.

Additional Resources

For additional resources related to bankruptcy in Finland, you may consider contacting the Finnish Bar Association or the Finnish Insolvency Law Association. These organizations can provide information and support for individuals facing bankruptcy.

Next Steps

If you are considering filing for bankruptcy in Finland or need legal advice on bankruptcy matters, it is important to consult with a qualified bankruptcy lawyer. A lawyer can help you understand your rights, navigate the legal process, and achieve the best possible outcome in your bankruptcy case. Contact a bankruptcy lawyer today to discuss your options and take the next steps towards financial freedom.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.