Becoming a truck driver can mean taking out business loans to fund the purchase of a truck, insurance, technology or other related business expenses to get up and running as an owner-operator. And sometimes, that debt becomes too much to overcome, at which point truck drivers turn to bankruptcy services for a fresh start.
As you evaluate whether bankruptcy is the best option for you and whether or not you are eligible in the first place, look into these leading services based on their reputations and Better Business Bureau (BBB) ratings.
Quicklooks: Best Bankruptcy Services for Truckers
- Best For Nationwide Network of Bankruptcy Attorneys: TotalBankruptcy
- Best For Free Bankruptcy Consultation: BankruptcyRelief.org
- Best For Business Restructuring Services: Jones Day
- Best For Legal Advice for Financial Services: Adams and Reese LLP
- Best For Cost-effective Business Restructuring Plans: Akerman LLP
5 Best Bankruptcy Services for Truckers
When you’re considering something as serious as bankruptcy, you need to have a reputable bankruptcy filing company on your side to help you along the way. Here’s a look at the best bankruptcy services for truckers.
TotalBankruptcy
TotalBankruptcy offers a wealth of information about filing for bankruptcy and figuring out if you’re eligible. You can find an attorney and set up a free consultation to learn more from a nationwide network of participating lawyers. During your consultation, you’ll learn more about the services that you might be eligible for as you work to eliminate your debt. The best part about getting started is that TotalBankruptcy only requires you to fill out a simple form.
Location: Online only
Contact Information:
- Phone Number: Complete the form to get paired with lawyers in your area and receive a phone number to call for a free consultation.
Employees: 1-10
Bankruptcy Service or Law Firm: Bankruptcy service
Services Provided:
- Connects you to bankruptcy lawyers in your area
- One simple form to find attorney referrals
- Nationwide network of attorneys
- Chapter 7 and Chapter 13 resources
- Legal articles explaining how bankruptcy works
- Financial options outside of bankruptcy when facing financial struggles
Experience in the Field: TotalBankruptcy is a part of Nolo, a company that works to provide understandable legal information based on a user’s location as well as connecting them to lawyers in their area. The company has been in business since 2005 and does not directly provide legal advice, but instead leans on a national network of participating attorneys to review a client’s specific financial situation to offer insights.
Better Business Bureau Rating: A+
BankruptcyRelief.org
BankruptcyRelief.org offers many FAQs and information about filing for bankruptcy so that you can learn more and be on your way to financial success. The company aims to provide valuable information and insights into bankruptcy so that you can make an informed decision about the best move for your finances and your future.
Location: Online only
Employees: Unknown
Bankruptcy Service or Law Firm: Bankruptcy service
Services Provided:
- Free legal case evaluation
- Option to eliminate debt without losing primary assets:
- Home
- Care
- Salary
- Furniture
- Works to start lawsuits and other legal actions against you
- Helps you gain a fresh start toward healthy credit
- Chapter 7 and Chapter 13 options available
Experience in the Field: BankruptcyRelief.org has been in business for many years. The company helps to pair people with attorneys who can counsel them on the best next steps for their financial future.
Better Business Bureau Rating: N/A
Jones Day
Jones Day is one of the most respected firms for business restructuring and reorganization. The company offers worldwide expertise while helping businesses get back to profitability after facing hefty debts and other financial challenges. The law firm has more than 100 restructuring lawyers available to help businesses of all types and sizes.
Location: 901 Lakeside Avenue, Cleveland, Ohio 44114-1190 and 42 other offices worldwide.
Employees: 4,500
Bankruptcy Service or Law Firm: Law firm
Services Provided:
- Full-service business law firm
- Brings together all parties necessary for business restructuring
- Lawyers available with various areas of expertise:
- Tax
- Finance
- M&A
- Options for corporate or municipal restructuring
- Chapter 11 debtor representations
- Board advisory
- Debtor-in-possession financing
- Out-of-court arrangements
Experience in the Field: Jones Day is one of the most highly respected business law firms in the nation. The company dates back to 1893 when it started out as just two partners. Today, the company includes more than 2,000 attorneys, making it the eighth largest law firm in the United States.
Better Business Bureau Rating: A+
Adams and Reese LLP
No matter the value of your distressed assets, Adams and Reese LLP can help you complete a commercial restructuring to get back to a place of profitability. When you work with Adams and Reese, you will be backed by a team of experts, including forensic accountants and financial services consultants.
Location: 701 Poydras St., Suite 4500, New Orleans, Louisiana 70139
Employees: 578
Bankruptcy Service or Law Firm: Law firm
Services Provided:
- Creditor counsel
- Litigation avoidance
- Debtor-in-possession services
- Asset protection
Experience in the Field: Adams and Reese was founded in 1951. The company has been representing businesses with a host of legal challenges ever since. The firm was on Forbes’ list of America’s Top Trusted Corporate Law Firms in 2019. It has represented large companies, including Walmart, General Electric and Exxon as well.
Better Business Bureau Rating: A+
Akerman LLP
Akerman LLP has extensive experience helping businesses that are struggling become financially stable again, no matter their debt or the challenges they are facing. Distressed businesses seek out this leading team of bankruptcy and restructuring attorneys for their cost-effective, out-of-court solutions.
Location: 98 SE 7th, Suite 1100, Miami, Florida 33131
Employees: 1,200
Bankruptcy Service or Law Firm: Law firm
Services Provided:
- Chapter 11 reorganization
- Secured creditors and debtors-in-possession financing
- Representation for bankruptcy trustees
- Chapter 15 cross-border filings
- Corporate restructuring
- Distressed M&A transactions
- Experience with bankruptcy filings across many industries
Experience in the Field: Akerman LLP is certified with the American Board of Bankruptcy Certification for business bankruptcy. It is also ranked as a Tier One Bankruptcy Litigation firm in the United States by Best Lawyers, not to mention the fact that it is among the top 100 bankruptcy law firms on Law360. With more than 70 years of experience, Akerman LLP has set itself apart as a leading option for bankruptcy law firms.
Better Business Bureau Rating: A+
Getting Your Trucking Business Back to Financial Success
No business owner or individual wants to think about filing for bankruptcy. But a bankruptcy attorney could be the solution to financial struggles when you’re facing debt collectors and the possibility of potentially losing everything you’ve worked so hard for. As always, speak with an attorney to assist you on available resources and information that may or may not end with you filing for bankruptcy.
FAQ
The debt that is discharged with bankruptcy varies based on the type of bankruptcy you file for. But some examples of debts that can be forgiven include past-due rent, payday loans, credit card balances, overdue utility payments, cell phone bills, car loans and mortgages.
Unless you and your attorney file for your bankruptcy to be sealed, the public will be able to view your bankruptcy documents.
Whether or not you are able to keep money as part of your bankruptcy filing will depend on the type of bankruptcy you file for as well as the type of asset you’re trying to protect. Discuss the matter with your attorney to see if you can keep money as part of your filing.
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