Best Top Spanish Speaking Bankruptcy Lawyer in Kennedale Texas
If you are reading this, then you are probably struggling with debt, and looking for answers to your problems. Get immediate debt relief by speaking with an attorney at our firm. You can discharge debt, stop creditor harassment and get started on the path to freedom from all of your financial worries. Speak with a Kennedale Texas bankruptcy lawyer at our law firm about your options.
Our law firm is a trusted and tested bankruptcy law firm in Kennedale , serving residents of the Kennedale TX area for close to 30 years.
Because of the narrow scope of bankruptcy courts, it is a highly recommended that anyone seeking this form of legal debt relief seek the advice of a competent bankruptcy attorney. This offers a number of distinct advantages for the debtor, among them being that hiring the right bankruptcy attorney will give you valuable insight to how the court in your district operates, in addition to, having worked with the employees of the court in the past.
Over these years, we have helped Kennedale residents:
- Keep their homes
- Keep their cars
- Stop harassment
- Stop lawsuits
- Stop wage garnishment
- Unfreeze bank accounts
- Discharge debt
A fin de declararse en quiebra bajo el Capítulo 7, usted debe presentar una petición ante su tribunal de quiebras local, junto con varias de las formas que se requieren donde se listen sus ingresos, sus activos, deudas y gastos para vivir. En consecuencia, es necesario proporcionar a su abogado en quiebras una imagen clara y detallada de todos sus asuntos financieros. Si usted tiene principalmente deudas del consumidor, tal como las originadas por las tarjetas de crédito, el tribunal de quiebras requerirá que se someta a una asesoría de crédito con una agencia aprobada, antes de declararse en quiebra. Usted puede declararse en quiebra bajo el Capítulo 7, en forma individual o conjuntamente con su cónyuge.
Bankruptcy - When is Filing For Bankruptcy a Good Choice?
The financial sector has boiled to the point where banks are not lending and credit is not easily obtained for people with excellent credit or bad credit. The alignment of these events have now forced people to take stock of their financial affairs and look into filing bankruptcy to either remove unsecured debt or to try to remove their responsibly to their mortgage companies for homes where they owe more than the home is worth. Home values which may take decades for owners to see the value return on the home if it ever does. It is no surprise that bankruptcy forums are rampant with questions and inquiries are being made about chapter 13 bankruptcies and Chapter 7 bankruptcy and what people need to do to remove the debt they have accumulated over the years.
It should also come as no surprise that bankruptcy filings have continued to increase in 2008 and 2009 since the current recession was publicly recognized by the U.S. government and banks started receiving bailouts. The amount of foreclosures and increased unemployment rates has almost forced people to truthfully look at their current financial status. People who practiced risky behavior trying to leverage investments on credit that was easily obtained are now being affected in ways that has not been seen in 25 years by means of banks calling loans and credit card companies increasing low interest rates to double digit rates on lines of credit. The financial sector has not experienced this type of anxiety since the great depression. In preparing for bankruptcy consumers should consider several things before jumping into filing for bankruptcy. Consideration needs to be given on several levels. Preparing for bankruptcy is also called bankruptcy planning and contrary to popular belief it is not illegal to prepare for bankruptcy it the responsible thing to do.
In conclusion, visit bankruptcy forums before filing, open a new checking account and do not leave money in any accounts that you are filing bankruptcy on because they will automatically and legally take any money you have in your account by means cross collateralization from an agreement you most likely signed when you obtained credit.
¿Qué es la Quiebra?
The world of corporate bankruptcy law can be complex and intimidating. Don't let confusion get in the way of making the best decisions for your company: read on to get answers to the most commonly asked corporate bankruptcy questions.
Q. What is bankruptcy?
A. When a business has financial liabilities that exceed their assets or is unable to meet financial obligations, that company is insolvent-unable to pay their creditors, the company must come to an agreement with their creditors regarding payment or file for bankruptcy protection. This judicial solution gives the courts the power to settle the company's debts. Bankruptcy proceedings can be initiated by the debtor or by the creditor (called an involuntary bankruptcy). Filing a bankruptcy petition affects all of your creditors including:
- Secured creditors (those with a lien on your property)
- Unsecured creditors (vendors, credit card companies and others without a security interest in your property
- Judgment creditors (creditors who have sued and obtained a judgment against the debtor prior to the bankruptcy filing)
- Creditors with super priority claims (those with priority over other creditors because of special rules within the bankruptcy)
- Creditors with administrative claims (creditors such as accountants or lawyers with priority because of their assistance in the bankruptcy filing)
A. Filing a bankruptcy petition simply starts a legal proceeding, with no guarantees regarding the outcome. That is to say, the debtor will present evidence of its insolvency, but there is no guarantee that the court will declare them bankrupt. This statutory process gives creditors and other parties the opportunity to challenge the debtor's allegations and object to the relief being sought by the debtor.
While it may be surprising that creditors are willing to participate in business workouts, they're more likely to receive greater compensation for their debts if your company does not file for bankruptcy. Using an alternative to corporate bankruptcy proceedings benefits creditors as well as the debtor, because some, or even most, of the debt will not be repaid under a bankruptcy proceeding. Secured debt, unsecured debt, and tax debts can all be resolved as a part of a workout. For additional information about business bankruptcies and your company, contact your area bankruptcy lawyers.
When someone needs to file for bankruptcy protection, he or she needs to make one initial decision - the type of bankruptcy that should be filed that's right for the situation. There are choices for the consumer, namely petitions under either Chapter 7 or Chapter 13 of the United States Bankruptcy Code.
Below is a brief explanation of how filing a Chapter 7 bankruptcy works, but regardless of your financial situation, you need to seek legal help to make sure that your petition proceeds properly.
Chapter 7 Explained
If a consumer files a Chapter 7 petition, he or she is filing what's known as a 'liquidation bankruptcy.' This is because in certain respects, the petitioner will be liquidating a majority of the assets held at the time of the filing, but not all of them, as will be explained below. The steps for filing a Chapter 7 bankruptcy petition are as follows: