Bankruptcy law covers a variety of complex federal legal proceedings for borrowers who cannot meet all their financial obligations. Declaring bankruptcy may help families, individuals, or businesses that cannot afford to pay off all their unpaid debts to creditors. Attorneys that specialize in bankruptcy law can represent both debtors and creditors alike. Since bankruptcy law is complex, attorneys may also serve as impartial intermediaries to ensure the process is fair to everyone. This means they may occasionally take on other roles, such as mediators, trustees, regulators, or even become court judges.
Generally, any changes to bankruptcy law must happen at the federal level only. No matter where you live in the U.S., the rules, procedures, and steps to declare bankruptcy are always the same.