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?
Diferentes tipos de quiebra
Hay varios diferentes tipos de quiebra (alrededor de 99% de los casos de quiebra son bajo los Capítulos 7 y 13):
- El Capítulo 7 que se conoce como ‘liquidación’. En realidad en alrededor del 95% de los casos no hay nada que liquidar por el efecto de las exenciones. Su propósito es la liquidación de propiedades no exentas del deudor y pagar deudas hasta donde alcance. Puede ser utilizado por corporaciones y sociedades además de individuos.
- El Capítulo 11 que se conoce como ‘reorganización’ es utilizado por negocios y algunos individuos con un alto volumen de deudas.
- El Capítulo 12 es reservado para agricultores y pescadores. La principal fuente de ingreso tiene que ser de actividad agrícola o pesca.
- El Capítulo 13 que se conoce como ‘ajuste de deudas’. Requiere radicar un plan de pago para el pago de todas o parte de la deuda. Solo para personas naturales con ingresos regulares, no para corporaciones o sociedades.
Los Capítulos 7 y 13 pueden ser radicados por un individuo, y si es casado pueden ambos radicarlo conjuntamente. Si su ingreso es superior al ingreso medio para una familia del tamaño de su familia en su jurisdicción o estado, debe radicar un Capítulo 13. Requiere que se complete un examen de sus medios económicos ("means test") con información detallada sobre sus ingresos y gastos. Si conforme a los "standards" de la ley de quiebra usted tiene la capacidad de pagar al menos parte de sus acreedores sin garantía, la corte de quiebra puede decidir que no puede radicar un Capítulo 7, a menos que existan circunstancias especiales.
¿Cuáles son las exenciones de bancarrota?
When consumers contemplate the option of bankruptcy generally, the remedy they are specifically referring to is chapter 7 bankruptcy. The effect of the filing is to discharge someone saddled with debt from having to pay debts no longer secured with a valid lien. It also has the added benefit of serving as a court order to creditors (or their collection agencies) to stop hassling you through telephone calls, letters, and personal contact in an effort to get you to pay the debt. But what, in effect, does that mean for you the borrower?
Filing for chapter 7 bankruptcy does not mean that immediately all of your debts are eliminated in their entirety. Rather, secured debt must be still be dealt with. It does mean, however, that commonly unsecured debts like credit card bills and medical expenses do not have to be paid back. But getting off the hook here does not come without costs. Rather, filing chapter 7 often means the necessary liquidation (selling off) of most of your personal property. While there are limitations to what can be confiscated by creditors, (such as your home under the homestead protection), expect that creditors will sell off most of your valued possessions to pay part of your debts to them. In addition, your credit rating will be devastated by this filing. In filing chapter 7 bankruptcy, you have essentially proclaimed to the world that you are no longer worthy to be trusted with future credit. That plays out practically insofar as it becomes virtually impossible to get a mortgage for a new home, a car loan, a credit card, and even limits very small forms of credit like appliance financing and at times payday loans. Because of the many drawbacks of filing for chapter 7 bankruptcy, many individuals in need of debt relief look for other options.
There are both benefits and costs to whichever bankruptcy approach you decide to take. On the one hand, filing Chapter 7 offers you the freedom to be rid of the heavy debt that is currently hanging over you, while Chapter 13 offers you only the chance to restructure that debt to be more manageable. But on the other hand, filing Chapter 7 also means the liquidation of almost all your valuables as well as the total devastation to your credit rating, whereas filing Chapter 13 allows you to keep many of your possessions while keeping your credit score intact.
Why Bankruptcy Isn't Always Bad?
So many people are finding themselves looking into bankruptcy chapter 13 as they are in financial troubles that they simply cannot find a way out of. In such types of cases, many people are flocking to file a chapter 13. A chapter 13 is where the courts will take your total claimed debts and find a repayment plan that fits in with what you can realistically afford.
For those who have some money to spend on their creditors each month, but that may not have enough to pay what the creditors want from them, the chapter 13 is the way to go. This type of bankruptcy chapter 13 will allow a person to come through and pay everything they owe but there will be a bad marking on the credit report for going through such a process.
In the end, for those who cannot afford to pay back their creditors any other way, the bad mark due to a chapter 13 on the credit report is worth it. When it comes to such proceedings though, it is important to keep in mind that there is also a chapter 7 instead of chapter 13. This is where the court deems that the person filing truly does not have the means or the capability to pay back the debt through a chapter 13. The reasons behind this could vary and each case is looked at individually. In a chapter 7, unlike the chapter 13, the judge will discharge all of the person's debt and leave them without owing a thing.
So whether it is a chapter 13 or a chapter 7 you should make sure that you are being extremely careful when you start thinking about getting more credit again. Since you can only file each chapter once every seven years, including chapter 13, it is important to make sure that you are not getting in to more trouble. If you over extend yourself again, you may not qualify for either a chapter 13 or 7 again. Bankruptcy chapter 13 or even a chapter 7 is not something that you want to treat lightly so be careful.