Bankruptcy is the legal proceeding that involves a person or business that is unable to repay outstanding debts. This process is initiated by the debtor (person or business) and usually involves their assets beings aggregated and evaluated to aid in repayment.
Bankruptcy lawyers assist their clients in making advised decisions throughout the bankruptcy process. This process includes representation in bankruptcy proceedings/court hearings, gathering and preparing pertinent documents, and assessing the viability of assets to assist in paying off the debtor’s balance.
