Bankruptcy is a remedy that is governed almost exclusively by federal law.
While in many cases either the debtor or the creditors of a debtor may file a petition for bankruptcy, creditor petitions are extremely rare. Bankruptcy is largely a remedy sought by debtors, to protect themselves from collection efforts by creditors. See Bankruptcy Law . The Martindale-Hubbell Law Directory is the most complete, trusted source for identifying qualified legal counsel. Your access to and use of this website is subject to additional terms and conditions .