Laurels

Best Bankruptcy Lawyers in
Ashburn
2020

Find the Best Bankruptcy Lawyer Near You.

Where do you need a Bankruptcy Lawyer?


Error

Here Are The Top Bankruptcy Lawyers Near 20149

Offit Kurman, Attorneys At Law

Founded over 30 years ago, Offit, Kurman, Attorneys at Law, is a general litigation law firm representing the community of Washington, D.C., that has 12 other offices across the country. The firm's primary areas of practice include financial law, and it represents debtors and creditors in Chapter 7 liquidations and Chapter 11 reorganizations. It also takes cases involving workouts and restructuring. Attorney Maurice Offit has been recognized as one of Maryland's Legal Elite by Baltimore's Smart CEO magazine.

8000 Towers Crescent Dr Ste 1400, Vienna, VA 22182

Website

Smith, Gambrell & Russell, LLP

Founded in 1893, Smith, Gambrell, & Russell LLP is a general litigation law firm serving the community of Washington, D.C., that has nine other locations worldwide. The firm's principal areas of practice include financial law, and its attorneys represent secured and unsecured creditors, as well as individual and commercial debtors, in bankruptcy proceedings. Additionally, they work with purchasers of insolvent companies. The firm also takes cases involving immigration and real estate law.

1055 Thomas Jefferson St NW Ste 400, Washington, DC 20007

Website

Carlton Fields

Carlton Fields is a general litigation law firm representing the people of Washington, D.C., that has 10 other locations in the country. The firm's areas of practice include financial law, and its attorneys primarily represent secured and unsecured lenders in bankruptcy cases. To a lesser extent, they also work with debtors in large Chapter 11 reorganization cases. Carlton Fields additionally takes cases related to real estate and health care law.

1025 Thomas Jefferson St NW Ste 400, Washington, DC 20007

Website

Vinson & Elkins LLP

Founded over 100 years ago, Vinson & Elkins LLP is a general litigation law firm serving the community of Washington, D.C., that has 12 other offices worldwide. The firm's principal areas of practice include financial law, and its attorneys work on behalf of debtors looking to file for bankruptcy. They assist clients with loan reorganization and company restructuring. Partner Craig Seebald was recognized by Thomson Reuters as a Washington D.C. Super Lawyer in 2019.

2200 Pennsylvania Ave NW Ste 500, Washington, DC 20037

Website

Epstein Becker & Green, P.C.

Founded in 1973, Epstein, Becker, & Green PC is a full-service law firm representing the people of Washington, D.C., that has 13 other offices in the country. The firm's attorneys work with debtors to stop repossession, foreclosure, and creditor harassment using an automatic stay. They also advise creditors on their rights during adversary proceedings. In 2019, chairperson Mark Lutes was recognized by Chambers USA: America's Leading Lawyers for Business as a leading attorney in his field.

1227 25th St NW Ste 700 W, Washington, DC 20037

Website

BakerHostetler

Founded in 1916, BakerHostetler is a general litigation law firm representing the community of Washington, D.C., that has 13 other offices nationwide. The firm's principal areas of practice include financial law, and its attorneys represent commercial clients in bankruptcy proceedings. They help clients restructure their businesses to be able to pay their outstanding debts. The office was featured in U.S. News & World Report's Best Law Firms list for its work in bankruptcy.

1050 Connecticut Ave NW Ste 1100, Washington, DC 20036

Website

Womble Bond Dickinson

Womble, Bond, Dickinson is a full-service law firm representing the people of Washington, D.C., that has dozens of locations worldwide. Part of the firm's workload is financial law, and its attorneys represent both debtors and creditors involved in bankruptcy hearings. They work with debtors to pay off their loans through liquidation of assets or restructuring off their businesses. Partner Elizabeth Lee was recognized in the Best Lawyers in America listing due to her work in real estate law.

1200 19th St NW Ste 500, Washington, DC 20036

Website

Best Best & Krieger LLP

Founded in 1891, Best, Best, & Krieger LLP is a general litigation law firm serving the community of Washington, D.C., that has nine other locations in the country. One of the firm's primary areas of practice is bankruptcy, and the attorneys provide clients with representation and debt relief. They help clients with liquidation, reorganization, adversary proceedings, and negotiation. Partner Joseph Van Eaton is a recipient of the International Municipal Lawyers Association President's award.

2000 Pennsylvania Ave NW Ste 5300, Washington, DC 20006

Website

Morrison & Foerster LLP

Morrison & Foerster LLP is a general litigation law firm serving the community of Washington, D.C., that has 16 other offices across the world. One of the firm's primary areas of practice is financial law, and its legal team represents debtors, creditors, and creditors' committees in bankruptcy proceedings. The team negotiates between the parties during the hearing. The firm was recognized by U.S. News & World Report in its Best Law Firms listing.

2000 Pennsylvania Ave NW Ste 6000, Washington, DC 20006

Website

Thompson Coburn LLP

Thompson Coburn LLP is a full-service law firm representing the community of Washington, D.C., that has four other offices in the state. The firm's workload includes financial law, and its lawyers advise and work with debtors and creditors involved in bankruptcy proceedings. They negotiate between the two parties and help debtors stop foreclosure and repossession. In 2020, over 100 attorneys employed by the firm were selected for inclusion in The Best Lawyers in America list.

1909 K St NW Ste 600, Washington, DC 20006

Website

Related Resources

Student Loan Debt and Bankruptcy: What You Need to Know

Student Loan Debt and Bankruptcy: What You Need to Know

A college degree is more important than ever to enter high-earning professions, yet the cost of college discourages many students from trying to further their education. So we’ve put together this guide to help you understand what you need to know about student loans, debt, bankruptcy, and your financial future.

Read The Article
6 Steps to Hire a Bankruptcy Attorney

6 Steps to Hire a Bankruptcy Attorney

If you're facing bankruptcy, an attorney can help you understand your options. This article will cover the necessary steps to hire the right bankruptcy lawyer and take control of your situation.

Read The Article

Expert Answers To Common Questions:

  1. What does a bankruptcy attorney do?
  2. What happens when you file bankruptcy?
  3. Can you file bankruptcy on student loans?
  4. What is bankruptcy fraud?
  5. How long is bankruptcy on public record?
  6. Does bankruptcy clear tax debt?
  7. Can they take my car in Chapter 7 bankruptcy?
  8. How bad is it to file bankruptcy twice?
  9. Can anyone file bankruptcy?
  10. How long is bankruptcy on public record?
  11. How will bankruptcy affect my credit score?
  12. What are the benefits of filing for bankruptcy?
  13. What's the difference between debt settlement and bankruptcy?
What does a bankruptcy attorney do?
Bankruptcy attorneys help clients understand whether they qualify for bankruptcy and what their best options are. They also prepare and file petitions, answer questions during the proceedings, and educate clients about potential best steps for a positive bankruptcy outcome. Bankruptcy attorneys might also file motions or paperwork if creditors dispute the bankruptcy, or to stop creditors from taking collections actions forbidden by the bankruptcy.
What happens when you file bankruptcy?

Bankruptcy is a formal process that individuals, married couples, or businesses can enact when they are no longer able to pay creditors. In a bankruptcy proceeding, filers are allowed to reduce debt to more manageable levels to best pay off money owed.

Once the bankruptcy process is initiated, debt collectors can no longer seek repayments outside of the arrangements detailed in the bankruptcy settlement. Some forms of bankruptcy result in the liquidation of assets to pay back debts, while others allow filers to retain most of their possessions and investments. Many types of unsecured debt can be managed with bankruptcy filings, but not all.

Can you file bankruptcy on student loans?
Under most circumstances, student loans aren't dischargeable and aren't included in bankruptcy proceedings. In rare cases, it may be possible to eliminate student loans through bankruptcy, but only if the courts determine that continuing to pay the loans would impose an undue hardship. Meeting the criteria for undue hardship is challenging, and most bankruptcy filers don't qualify.
What is bankruptcy fraud?

Bankruptcy fraud is a blanket term that refers to any kind of dishonest bankruptcy proceeding, which can include:

  • Hiding assets by transferring them to another person or entity
  • Intentionally omitting assets when reporting to the court
  • Destroying or withholding required documents
  • Knowingly making false statements to bankruptcy trustees or creditors
How long is bankruptcy on public record?
How long bankruptcy stays on public record depends on the kind of bankruptcy filing in question. Chapter 7 bankruptcy remains on the record for 10 years as there isn't necessarily a repayment component. Chapter 13 bankruptcy remains on the record for seven years as some obligations are repaid following filing based on the terms of a discharge settlement.
Does bankruptcy clear tax debt?

Bankruptcy can clear tax debt, depending on the circumstances. Taxes are dischargeable under Chapter 7 bankruptcy, not Chapter 13, and only if the tax debt is:

  • Federal income tax debt related to current properly filed tax returns
  • Honestly incurred with no fraud or evasion
  • At least three years old
  • Assessed at least 240 days before bankruptcy filings

Existing liens are not eliminated with bankruptcy.


Can they take my car in Chapter 7 bankruptcy?
In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.
How bad is it to file bankruptcy twice?

Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.

Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.

Can anyone file bankruptcy?
Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.
How long is bankruptcy on public record?
How long bankruptcy stays on public record depends on the kind of bankruptcy filing in question. Chapter 7 bankruptcy remains on the record for 10 years as there isn't necessarily a repayment component. Chapter 13 bankruptcy remains on the record for seven years as some obligations are repaid following filing based on the terms of a discharge settlement.
How will bankruptcy affect my credit score?
Bankruptcies are noted on credit reports. How much a bankruptcy might drop a person's credit score depends on how high the score was to begin with, but generally speaking, the hit can be as much as 100 to 200 points. Often scores are already dropping because people filing for bankruptcy may have already missed payments on debts. Chapter 13 bankruptcies are listed on credit reports for seven years from the filing date, while Chapter 7 bankruptcies are listed for 10 years from the filing date. This is because Chapter 13 bankruptcies require at least partial payment of debts owed.
What are the benefits of filing for bankruptcy?
Filing a bankruptcy petition causes an automatic stay. This legally stops creditors from taking further action to collect debt, including garnishing wages or foreclosing on property. Going through a bankruptcy successfully means that debts included in the bankruptcy are discharged and don't have to be paid back, except as provided in a Chapter 13 repayment plan. Bankruptcy can help someone recover from financial duress so they can make better decisions and improve financial situations in the future. Disadvantages can include temporary lower credit scores and limitations on spending and financing.
What's the difference between debt settlement and bankruptcy?
Debt settlement occurs when people negotiate with individual creditors. The creditor agrees to take a payment that's lower than what someone owes and call the debt “paid in full.” Bankruptcy is a legal process that causes debts to be dismissed after someone proves they don't currently have the means to pay their debts as owed. Typically, someone can't enter into bankruptcy and also settle some debts, because the court would see that as favoring one creditor over another.