Best Foreclosure Lawyers in Bulgaria

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Georgiev & Petrov Law Firm
Sofia, Bulgaria

Founded in 2018
30 people in their team
Bulgarian
English
A cornerstone of our services lies in Company and Corporate Law, encompassing company, association, and foundation registrations; mergers; acquisitions; splits; spin-offs; changes of legal form; share or stock transactions; and company liquidation and insolvency proceedings.We are a Bulgarian team...
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Attorney Nikolay Hristev
Plovdiv, Bulgaria

Founded in 2008
10 people in their team
Bulgarian
English
Attorney Nikolay Hristev was admitted to the Plovdiv Bar Association in 2008.To date, he has accumulated experience in various areas of law.Strongly represented are:Debt collection, commercial disputes and cases, bankruptcy proceedings, divorce, alimony, labor disputes - dismissal, settlement of...
Damyanov Law Firm
Plovdiv, Bulgaria

Founded in 2007
50 people in their team
Bulgarian
English
The Law FirmWe are a Bulgarian Law Firm established in 2007 in the city of Plovdiv. From the moment of its foundation Damyanov Law Firm has developed a reputable practice as one of the leading independent law firms providing professional legal services and consultation to our clients.We are a team...
Penkov, Markov & Partners
Sofia, Bulgaria

Founded in 1990
50 people in their team
Bulgarian
English
Penkov, Markov & Partners is one of the leading law firms providing premium counseling services and legal representation.It was not long after its establishment in 1990, right after the democratic changes in the country, that the four founders realised that clients needed comprehensive legal...
Respect Consult
Plovdiv, Bulgaria

Founded in 1997
50 people in their team
Bulgarian
English
Respect ConsultHighly-qualified and reliable specialists at your service – lawyers, attorneys, economists, and accountants; all with extensive knowledge, significant experience, individual approach and creative ideas.“Respect Consult” is one of the leading and trustworthy consulting companies...

Founded in 2003
50 people in their team
Bulgarian
English
LAW FIRM DEMERDZHIEV, PETROV AND BAEVDEMERDZHIEV, PETROV AND BAEV LAW FIRM  is registered in the Register of Law Firms at Plovdiv District Court with decision № 894 of 01.02.2007. The company has its registered office and address of management: Plovdiv, Hashovska Str. 5, fl. 3. The activity...

Founded in 1997
50 people in their team
Bulgarian
English
Our future is inspired by our legacyWe’ve been here since 1997. Our founders, Prof. Dr. George Dimitrov and Bogdan Petrov, pledged to not only serve as lawyers, but to act as trusted advisers. To do that, our founders built the firm around innovative service of the highest quality and technical...

Founded in 1994
50 people in their team
Bulgarian
English
Established to meet the unique needs of the new free market environment in Bulgaria, DGKV continues to play a leading role for more than 29 years and counting Founded in 1994 by the four name partners, Djingov, Gouginski, Kyutchukov & Velichkov currently employs about 60 fully qualified...
Ivanov&Yonkova Law Firm
Sofia, Bulgaria

Founded in 2019
2 people in their team
English
German
French
Bulgarian
Ivanov & Yonkova Law Firm has been established in January 2019 by Doychin Ivanov, attorney-at-law, and Tsveta Ivanova-Yonkova, attorney-at-law after every one of them acquired more than 10 years of legal experience. For the past years since then Ivanov & Yonkova Law Firm established itself...
Delchev & Partners Law Firm
Sofia, Bulgaria

Founded in 2005
50 people in their team
Bulgarian
English
Delchev & Partners Law FirmDelchev & Partners is a prime, full service, commercial Law firm with offices in Sofia and Plovdiv, Bulgaria.Delchev & Partners provides comprehensive legal services, tax consulting and advice to multinational corporations operating in Bulgaria, international...
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About Foreclosure Law in Bulgaria:

Foreclosure is a legal process in Bulgaria where a lender can seize a property if the borrower fails to make mortgage payments. It is important to understand the laws and regulations surrounding foreclosure to protect your rights as a homeowner or borrower.

Why You May Need a Lawyer:

You may need a lawyer in foreclosure cases to ensure that your rights are protected, to negotiate with the lender, to help you understand your options, and to represent you in court if necessary. A lawyer can provide invaluable advice and guidance throughout the foreclosure process.

Local Laws Overview:

In Bulgaria, foreclosure laws are governed by the Civil Procedure Code and the Law on Obligations and Contracts. The process of foreclosure can vary depending on the specific circumstances of each case, but generally, the lender must go through a court proceeding to seize the property. It is important to be aware of your rights and responsibilities under Bulgarian foreclosure laws.

Frequently Asked Questions:

1. What is the foreclosure process in Bulgaria?

In Bulgaria, the foreclosure process typically involves the lender filing a lawsuit against the borrower in court to request the seizure of the property. The court will then determine if the lender has the right to foreclose on the property and, if so, will issue an order for the property to be sold at auction.

2. Can I stop foreclosure proceedings in Bulgaria?

It may be possible to stop foreclosure proceedings in Bulgaria by negotiating with the lender, seeking a loan modification, or filing for bankruptcy. It is important to consult with a lawyer to understand your options and rights in this situation.

3. What are my rights as a borrower in a foreclosure in Bulgaria?

Borrowers in Bulgaria have rights during the foreclosure process, including the right to be informed about the legal proceedings, the right to defend themselves in court, and the right to seek legal advice and representation.

4. How long does the foreclosure process take in Bulgaria?

The foreclosure process in Bulgaria can vary in length depending on the specific circumstances of each case, but it typically takes several months to a year. It is important to act quickly and seek legal advice if you are facing foreclosure.

5. What happens to the property after foreclosure in Bulgaria?

After the foreclosure process is complete in Bulgaria, the property is usually sold at auction to the highest bidder. The proceeds from the sale are used to pay off the outstanding debt, and any remaining funds are returned to the borrower.

6. Can I appeal a foreclosure decision in Bulgaria?

Yes, you have the right to appeal a foreclosure decision in Bulgaria. It is important to act quickly and seek legal advice if you believe that the court made a mistake in its decision to foreclose on your property.

7. Can I negotiate with the lender to avoid foreclosure in Bulgaria?

Yes, it is possible to negotiate with the lender to avoid foreclosure in Bulgaria. You may be able to work out a payment plan, seek a loan modification, or explore other options to prevent the seizure of your property. It is important to seek legal advice to ensure that your rights are protected during these negotiations.

8. What are the consequences of foreclosure in Bulgaria?

Foreclosure in Bulgaria can have serious consequences, including the loss of your property, damage to your credit score, and legal fees. It is important to seek legal advice and explore your options if you are facing foreclosure.

9. Can I buy back my foreclosed property in Bulgaria?

It may be possible to buy back your foreclosed property in Bulgaria, depending on the specific circumstances of the case. It is important to seek legal advice and consult with the lender to explore your options for regaining ownership of the property.

10. How can a lawyer help me with foreclosure in Bulgaria?

A lawyer can provide invaluable advice and guidance throughout the foreclosure process in Bulgaria. They can help you understand your rights, negotiate with the lender on your behalf, represent you in court, and explore options to prevent foreclosure or minimize its impact on you.

Additional Resources:

If you are in need of legal advice for a foreclosure in Bulgaria, you may consider contacting the Bulgarian Bar Association or the Legal Aid Bureau for assistance. These organizations can provide guidance and resources to help you navigate the foreclosure process successfully.

Next Steps:

If you are in need of legal assistance for a foreclosure in Bulgaria, it is important to act quickly and seek advice from a qualified lawyer. A lawyer can help you understand your rights, explore your options, and represent you in court if necessary. Don't wait until it's too late - contact a lawyer today to protect your rights and interests in a foreclosure case.

Lawzana helps you find the best lawyers and law firms in Bulgaria 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 Foreclosure, 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 Bulgaria—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.