Best Best Hispanic Bankruptcy Lawyers in Richardson 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 Richardson Texas bankruptcy lawyer at our law firm about your options.
Our law firm is a trusted and tested bankruptcy law firm in Richardson , serving residents of the Richardson 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 Richardson 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.
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.
Por qué la quiebra es un último recurso
Certain financial products have proven to be confusing for the general public, and bankruptcy is certainly one of them. This lack of knowledge on a particular subject generates undesirable misconceptions. Bankruptcy certainly has its share of myths surrounding it. This article seeks to answer many questions consumers have regarding this subject.
FAQ #1: What Are The Most Common Chapters And Which One Is Right For Me?
Bankruptcy comprises several chapters, each being suitable for a different situation and bringing about different outcomes. The two most common chapters are Chapter 7 and Chapter13, being the rest of the chapters: Chapter 9 for municipalities, Chapter 11 which is most commonly filed by businesses and Chapter 10 for family farmers.
Regarding the second issue, which one to choose, sometimes it is not a matter of choice or convenience, but a matter of eligibility. Under the new law, some individuals may qualify for Chapter 7 and 13, and some may only qualify for the latter. Do some research on eligibility criteria for each chapter and you will find out which one is for you. On the other hand, provided that you qualify for both chapters, the choice is completely up to you and depends on what you have in mind. Chapter 7 is a very popular type of bankruptcy because the debtor is not required to pay off his debts. But Chapter 13 also carries benefits that should be taken into account when making this decision.
FAQ #6: Will I Be Able To Obtain Finance After Filing?
As a general rule, it will take some time for the debtor to obtain finance after he has filed for bankruptcy. Though nowadays there are many financial institutions out there who specialize in high risk lending and might be willing to help the debtor out, it is advisable for the applicant to wait some time before applying for a loan, at least a year after the bankruptcy is discharged, being two years the optimum time. Again, it all comes down to the creditor's will to lend the loan, not to the applicant's will to get one.
¿Qué quiebra es la peor?
El capítulo 13
En el Capítulo 13 usted pagará un plan de pago por un período de tres a cinco años el que dependerá entre otras cosas de los ingresos recibidos en su hogar y las gastos familiares y de los criterios establecidos en la ley. Mediante este plan usted puede pagar atrasos de sus préstamos hipotecarios y de auto y las deudas que no se liberan en una quiebra. Lo más importante de este capítulo es que le permite retener su propiedad de mayor valor al permitido en un Capitulo 7 por no estar exenta, por ejemplo, su hogar y su automóvil si su ingreso le permite pagar este exceso de valor dentro del plan. Usted tiene que tener ingreso suficiente para cubrir sus necesidades y pagar los pagos requeridos según vencen. Si tiene préstamo hipotecario tiene que continuar con los pagos prospectivos, el banco hipotecario está obligado a aceptar los pagos y cobrar el atraso acumulado en el plan de pago.
Debe considerar utilizar el Capítulo 13 cuando:
- Usted es dueño(a) de su hogar y hay peligro de perderlo por dificultades económicas.
- Está atrasado en los pagos pero puede pagar si se le permite algún tiempo.
- Tiene propiedad de valor que no está exenta pero puede pagar a sus acreedores con su ingreso si se le da el tiempo.
- Interesa proteger codeudores (puede ser el jefe en su trabajo o un amigo o familiar cercano).
- Cuando entenda que hay otras razones importantes, debe obtener ayuda o consejo profesional.