Best Bankruptcy Lawyers in Nigeria

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CO-dunni Law Office

CO-dunni Law Office

Lagos, Nigeria

Free Consultation: 15 mins


Founded in 2019
3 people in their team
We believe that each client has a specific Legal solution designed for him. Send us messages directly. Thus solving his Legal problems. Our area of...
English
Yoruba
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FOLEGAL

FOLEGAL

Ikeja, Nigeria

Founded in 2000
10 people in their team
WHO WE AREFOLEGAL is a trusted Law Firm in Nigeria providing outstanding regulatory, litigation and transactional solutions to clientsโ€™ most...
English
CHAMAN LAW FIRM

CHAMAN LAW FIRM

Lagos, Nigeria

Founded in 2019
15 people in their team
CHAMAN LAW FIRM is a world class and one of the leading and top law firms in Nigeria.  In Support of clients on substantial matters, we deploy...
English
Jide Ogundimu & Co Solicitors

Jide Ogundimu & Co Solicitors

Lagos, Nigeria

Founded in 2006
10 people in their team
Jide Ogundimu and Co Solicitors is an international law firm with over 25 years of experience in Nigeria and the United Kingdom. It was established...
English
Yoruba
WIGWE & PARTNERS

WIGWE & PARTNERS

Lekki, Nigeria

Founded in 2000
50 people in their team
A one-stop commercial/corporate savvy firm with expertise on a broad spectrum of practice areas, configured to effectively cover a wide range of...
English
Adebayo Adelodun & Co.

Adebayo Adelodun & Co.

Ilorin, Nigeria

Founded in 1988
50 people in their team
Welcome to Adebayo Adelodun & Co.Adebayo Adelodun & Co. is a law firm established in 1988 and set up on high ideals of Honor, Integrity, Hard...
English
OLUWASANMI AYOKUNLE & CO

OLUWASANMI AYOKUNLE & CO

Ikeja, Nigeria

Founded in 2009
17 people in their team
Oluwasanmi Ayokunle & Co is a full service law firm comprised of experienced professionals. We are efficient, diligent and timely in delivery of...
English
Kayode Olatoke & Co

Kayode Olatoke & Co

Ilorin, Nigeria

Founded in 1994
50 people in their team
The Firm's ProfileEstablished in 1994, Kayode Olatoke and Co . has, over the years, grown into a formidable law firm having represented our clients...
English
Century Attorneys

Century Attorneys

Kano, Nigeria

Founded in 2000
50 people in their team
Century AttorneysWe are a result-oriented firm, offering wide-ranging legal services designed to support clients to successfully navigate the...
English
Resolution Law Firm

Resolution Law Firm

Ikeja, Nigeria

Founded in 2014
14 people in their team
ABOUT RESOLUTION LAW FIRMResolution Law Firm, which ranks among the leading legal consultants in Nigeria was founded by a group of passionate,...
English

About Bankruptcy Law in Nigeria

Bankruptcy law in Nigeria is governed by the Bankruptcy Act of 1979. This law provides for the administration of bankruptcy and insolvency proceedings in Nigeria. Bankruptcy occurs when an individual or a company is unable to repay their debts and seeks legal protection from creditors. In such cases, a court may declare the debtor bankrupt, and a trustee is appointed to oversee the liquidation of assets to repay creditors.

Why You May Need a Lawyer

Seeking legal advice from a bankruptcy lawyer in Nigeria may be necessary in various situations, including:

  • Filing for bankruptcy protection
  • Negotiating with creditors
  • Challenging a bankruptcy petition
  • Understanding your rights and obligations in bankruptcy proceedings

Local Laws Overview

In Nigeria, key aspects of local laws relevant to bankruptcy include:

  • The Bankruptcy Act of 1979
  • The Companies and Allied Matters Act
  • The Secured Transactions in Movable Assets Act

Frequently Asked Questions

What is the bankruptcy process in Nigeria?

The bankruptcy process in Nigeria involves filing a petition with the court, appointing a trustee to oversee the liquidation of assets, and distributing proceeds to creditors.

Can companies file for bankruptcy in Nigeria?

Yes, companies in Nigeria can file for bankruptcy protection under the Companies and Allied Matters Act.

How can a bankruptcy lawyer help me?

A bankruptcy lawyer can help you navigate the legal processes involved in bankruptcy, negotiate with creditors, and protect your rights during bankruptcy proceedings.

What are the consequences of bankruptcy in Nigeria?

Consequences of bankruptcy in Nigeria may include loss of assets, restrictions on financial activities, and damage to credit rating.

Can I challenge a bankruptcy petition in Nigeria?

Yes, you can challenge a bankruptcy petition in Nigeria by presenting evidence to the court that disputes the claims made against you.

Additional Resources

For more information on bankruptcy in Nigeria, you can contact:

  • Nigerian Bar Association
  • Federal Ministry of Finance
  • Nigerian Deposit Insurance Corporation

Next Steps

If you require legal assistance with bankruptcy in Nigeria, it is advisable to consult with a qualified bankruptcy lawyer who can guide you through the process and protect your interests.

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.