bankruptcy lawyer

Iranian Bankruptcy Lawyers & Different Types of Bankruptcy

There are different types of bankruptcy, each designed to address specific financial situations. Iranian Bankruptcy Lawyers play a crucial role in guiding individuals and businesses through the complex legal proceedings associated with bankruptcy. Here are some common types of bankruptcy and how a bankruptcy lawyer may be involved:

Chapter 7 Bankruptcy:
Also known as liquidation bankruptcy, Chapter 7 involves the sale of a debtor’s non-exempt assets to pay off creditors. In Chapter 7 cases, these attorneys help individuals navigate the liquidation process, ensuring that eligible assets are protected and exemptions are maximized.
An Iranian Bankruptcy Lawyer helps clients understand eligibility criteria, exemptions, and guides them through the process of filing the necessary paperwork. The lawyer may also represent the debtor in court and work to protect as many assets as possible through legal exemptions.

Chapter 13 Bankruptcy:
Chapter 13 is a reorganization bankruptcy that allows individuals with a regular income to create a repayment plan to settle their debts over three to five years. In Chapter 13 proceedings, Persian Bankruptcy Attorneys collaborate with clients to craft realistic repayment plans, negotiating with creditors and representing the debtor’s interests in court. They play a crucial role in ensuring that the proposed

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March 6, 2024 by ATTORNEY

Bankruptcy Attorney Advises Not to Borrow from Your Usual Bank

A bankruptcy lawyer offers advice about the process of dealing with debts, saying that “one of my rules is I will never borrow money from the bank where I bank at.”

The TikTok video, put up on Dec. 29, comes from Adrienne Hines, a bankruptcy attorney with the Sandusky, Ohio-based Kademenos, Wisehart, Hines, Dolyk & Wright Co. LPA firm. The video went up on Hines’ the Lady Like Lawyer (@theladylikelawyer) account, drawing more than 717,200 views since landing on the platform.

She clarifies her position by saying, “I will never borrow money from an institution that has eyes on my actual deposits and my financial activity. Because if I ever default, and I know nobody ever plans to, but sh*t happens, and if you ever can’t pay that bill, the problem with your banking institution is they know everything about you.”

She goes on to explain that they know your deposit history, your average tax returns, and other information that might work against you. “And so when you have a problem financially,” she points out, “the creditors who come after you the quickest are the ones who know the most about you.”

She also says, “The other issue is setoff.

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January 10, 2024 by ATTORNEY

Leading Bankruptcy Lawyer Edward M. Fox Joins Emmet, Marvin & Martin, LLP

NEW YORK, Dec. 13, 2023 /PRNewswire/ — Emmet, Marvin & Martin, LLP announced today that Edward M. Fox has joined the firm as a partner in the Creditors’ Rights, Workouts, Restructuring and Bankruptcy Group. A nationally recognized bankruptcy lawyer, Mr. Fox brings 38 years of experience representing clients in some of the largest bankruptcy cases in the country.

Edward Fox

“We are thrilled to welcome Ed to Emmet Marvin,” said Brian D.Obergfell, Chairman of the firm. “Ed is a preeminent bankruptcy lawyer who has built a great practice and won exceptional recoveries on behalf of bondholders and other creditors. His track record of success will be a great complement to our deep bench representing institutional and other creditors in the financial services industry.”

Mr. Fox’s experience includes the representation of debtors, creditors committees, indenture trustees, bondholders, secured creditors, broker/dealers, landlords and other creditors in some of the largest bankruptcy cases in the United States, including Enron, Worldcom, K-Mart, Delphi, The New York Racing Association, Overseas Shipholding Group and Sears Holdings, at times obtaining par plus accrued or other outsized recoveries.

“I am delighted to join the firm. For over two centuries, Emmet Marvin has been a marquee

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December 15, 2023 by ATTORNEY

Bankruptcy Lawyer Daniel Straffi Sheds Light on New Jersey Bankruptcy Laws in Latest Article

Bankruptcy lawyer Daniel Straffi of Straffi & Straffi Attorneys at Law has recently published an insightful article that delves into the complexities of bankruptcy law in New Jersey. The piece offers an in-depth understanding of these laws and aims to help individuals and businesses navigate the arduous process of bankruptcy.

In the opening paragraphs, the bankruptcy lawyer establishes the firm’s commitment to providing compassionate, diligent, and honest services to all clients. Emphasizing the firm’s down-to-earth approach, Straffi illustrates their readiness to assist clients with a myriad of legal counsel needs, including bankruptcy and family law issues, in Brick NJ, and Toms River NJ.

In the article, bankruptcy lawyer Daniel Straffi writes, “Individuals strive to prevent financial hardship throughout their lives. Unfortunately, despite their best intentions and meticulous planning, it is still possible for hard times to come without warning leading to overwhelming debts.” He proceeds to discuss the intertwining complexities of bankruptcy and divorce, two of the most stressful events in a person’s life.

Understanding the unique challenges that come with facing bankruptcy and family law issues concurrently, Straffi & Straffi have positioned themselves as a supportive and friendly resource for their clients. “Our team of attorneys is ready

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October 9, 2023 by ATTORNEY

The importance of bankruptcy lawyers for the Hispanic community in the USA

Bankruptcy lawyers play a crucial role for any individual or business facing financial distress, including the Hispanic community in the USA. They are instrumental in providing legal advice, helping navigate complex laws, and representing clients in court.

Here are some of the reasons why bankruptcy lawyers are particularly important for the Hispanic community:

  1. Language Barrier: For many in the Hispanic community, especially first-generation immigrants, English may not be their first language. Legal jargon is difficult to understand even for native speakers, and this difficulty is compounded when English is a second language. Bankruptcy lawyers who are bilingual or who have support staff who speak Spanish can help bridge this language gap, ensuring that their clients fully understand their rights, obligations, and the implications of the decisions they are making.
  2. Cultural Understanding: A lawyer who understands the cultural nuances of the Hispanic community can provide more tailored and effective advice. For example, in many Hispanic cultures, there’s a strong emphasis on community and family, which might influence decisions around financial management and bankruptcy. A culturally aware lawyer can help navigate these complexities.
  3. Navigating the Legal System: The U.S. legal system can be complex and daunting, especially to those unfamiliar with
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May 24, 2023 by ATTORNEY
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