Top Wilmington, DE Bankruptcy Lawyers Near You

Bankruptcy Lawyers | Wilmington Office

824 N. Market Street, Suite 710, Wilmington, DE 19801

Bankruptcy Lawyers | Wilmington Office

4023 Kennett Pike, Suite 165, Wilmington, DE 19807

Bankruptcy Lawyers | Wilmington Office

One Commerce Center, 1201 Orange Street, Suite 501, Wilmington, DE 19801

Bankruptcy Lawyers | Wilmington Office

222 Delaware Ave, Suite 1105, Wilmington, DE 19801

Bankruptcy Lawyers | Wilmington Office

123 S Justison Street, Suite 100, Wilmington, DE 19801

Bankruptcy Lawyers | Newark Office | Serving Wilmington, DE

56 West Main Street, 4th Floor, Newark, DE 19702

Bankruptcy Lawyers | Wilmington Office

1313 North Market Street, Suite 1200, Wilmington, DE 19801

Bankruptcy Lawyers | Wilmington Office

300 Delaware Avenue, Suite 1100, Wilmington, DE 19801

Bankruptcy Lawyers | Wilmington Office

222 Delaware Ave, Suite 1410, Wilmington, DE 19801-1621

Bankruptcy Lawyers | Wilmington Office

1201 North Market Street, Suite 1500, Wilmington, DE 19801

Bankruptcy Lawyers | Wilmington Office

501 Silverside Road, Suite 85, Wilmington, DE 19809

Bankruptcy Lawyers | Wilmington Office

300 Delaware Avenue, Suite 210, #227, Wilmington, DE 19801

Bankruptcy Lawyers | Wilmington Office

1201 North Market St, 20th Floor, Wilmington, DE 19801

Bankruptcy Lawyers | Newark Office | Serving Wilmington, DE

500 Creek View Road, Suite 304, Newark, DE 19711

Bankruptcy Lawyers | Wilmington Office

1007 N. Orange St., 4th Floor, PO Box 2165, Wilmington, DE 19899-2165

Bankruptcy Lawyers | Wilmington Office

1201 N Market St, Suite 1400, Wilmington, DE 19801

Bankruptcy Lawyers | Wilmington Office

1201 N. Orange Street, Suite 7380, Wilmington, DE 19801-1186

Bankruptcy Lawyers | Wilmington Office

4609 Bedford Blvd, Wilmington, DE 19803

Bankruptcy Lawyers | Wilmington Office

222 Delaware Avenue, Suite 1101, Wilmington, DE 19801

Bankruptcy Lawyers | Wilmington Office

1007 N. Orange Street, 4th Floor, Wilmington, DE 19801

Bankruptcy Lawyers | Wilmington Office

Renaissance Centre, 405 N. King Street, 8th Flr., Wilmington, DE 19801

Bankruptcy Lawyers | Wilmington Office

405 North King Street, Suite 500, Wilmington, DE 19801-3700

Bankruptcy Lawyers | Wilmington Office

222 Delaware Avenue, Suite 800, Wilmington, DE 19801

Wilmington Bankruptcy Information

Lead Counsel Badge

Lead Counsel Verified Attorneys In Wilmington

Lead Counsel independently verifies Bankruptcy attorneys in Wilmington and checks their standing with Delaware bar associations.

Our Verification Process and Criteria
  • Ample Experience Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
  • Good Standing Be in good standing with their bar associations and maintain a clean disciplinary record.
  • Annual Review Submit to an annual review to retain their Lead Counsel Verified status.
  • Client Commitment Pledge to follow the highest quality client service and ethical standards.

Find a Bankruptcy Attorney near Wilmington

Are You Considering Bankruptcy?

If you’re overwhelmed with debt and are looking for legal solutions to solve your financial crisis then bankruptcy may be a great option for you. A skilled Wilmington bankruptcy lawyer can help determine whether bankruptcy can help eliminate your debt, and get you back on your feet.

Different Types of Bankruptcy Available

Did you know there are various types of bankruptcy that each serve a different purpose and require a different skillset? A Chapter 7 Bankruptcy is one type a bankruptcy attorney may decide is the best way for you to liquidate your assets to pay off creditors. This is especially true if you currently have no income.

On the other hand, a Bankruptcy law firm may select a Chapter 13 Bankruptcy as a way for you to keep control of your belongings while paying back your creditors over time.

What is bankruptcy?

Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.

What happens when I file for bankruptcy?

When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.

How much does it cost to file for bankruptcy?

There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.

How long does bankruptcy stay on your credit report?

A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.

Top Questions to Ask When Hiring an Attorney

  • How many years have you been practicing law? How long have you practiced law in the local area?
  • How many cases similar to mine have you handled in the past?
  • What is the likely outcome for my case?

In legal practice, experience matters. An experienced attorney will likely have handled issues similar to yours many, many times. Therefore, after listening to your situation, the attorney should have a reasonable idea of the time line for a case like yours and the likely resolution.

How to Prepare for Your Initial Consultation

Prepare for your consultation by writing down notes of your understanding of the case, jot down questions and concerns for the attorney, and gather your documents. Remember that you are trying to get a sense of whether the attorney has your trust and can help you address your legal issues. Questions should include how the attorney intends to resolve your issue, how many years he/she has been practicing law and specifically practicing in your area, as well as how many cases similar to yours the attorney has handled. It can also be helpful to broach the subject of fees so that you understand the likely cost and structure of your representation by a specific attorney and/or legal team.

Types of legal fees:

Bill by the hour: Many attorneys bill by the hour. How much an attorney bills you per hour will vary based on a number of factors. For instance, an attorney’s hourly fee may fluctuate based on whether that hour is spent representing you in court or doing research on your case. Attorneys in one practice area may bill you more than attorneys in a different practice area.

Contingent fee: Some lawyers will accept payment via contingent fee. In this arrangement, the lawyer receives a percentage of the total monetary recovery if you win your lawsuit. In sum, the lawyer only gets paid if you win. Contingent fee agreements are limited to specific practice areas in civil law.

Flat fee: For “routine” legal work where the attorney generally knows the amount of time and resources necessary to complete the task, he/she may be willing to bill you a flat fee for services performed.

Common legal terms explained

Plaintiff – a person or party who brings a lawsuit against another person(s) or party/parties in a court of law. Private persons or parties can only file suit in civil court.

Judgment – A decision of the court. Also known as a decree or order. Judgments handed down by the court are usually binding on the parties before the court.

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