Federal law provides forgiveness of debt to persons and businesses that have proven to be unable to pay their financial debts. There are, generally, two different types of bankruptcy, one that forgives almost all debt with the sale of most assets and another that involves a renegotiation of the terms of debt with a sale of some assets. There are advantages and disadvantages to each type of bankruptcy. Please consult an attorney to see which is most appropriate for your circumstances.
The following list represents the subject matter panels established by the Cleveland Metropolitan Bar Association’s Lawyer Referral Service (LRS) for Bankruptcy Law. Some subject matter panels may not have lawyers participating under them. In this case, LRS has not found successful attorney applicants who qualify for a particular subject matter. LRS is not permitted to add attorneys who do not meet LRS standards. LRS will still maintain these panels in the event attorneys who do qualify for the subject matter will be available to represent members of the public in the future.
All of the subject matter panels listed in the area of Bankruptcy Law are preceded by the designation BNK. The areas are listed below and are located in a drop down box on the “Get a Referral” form.
- BNK: Chapter 7
- BNK: Chapter 11
- BNK: Chapter 13
- BNK: Corporate