Grand Prairie TX Hispanic Bankruptcy Attorneys

Best Best Hispanic Bankruptcy Lawyers in Grand Prairie Texas

Allen 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 Grand Prairie Texas bankruptcy lawyer at our law firm about your options.
Our law firm is a trusted and tested bankruptcy law firm in Grand Prairie , serving residents of the Grand Prairie 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.

Celina Texas

Over these years, we have helped Grand Prairie 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.

Which Bankruptcy Court Do I File In?

Caddo Mills Texas

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?

Chapter 7

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.

¿Por qué la quiebra no es siempre mala?

¿Por qué debe evitarse la bancarrota?

Una quiebra es un proceso legal mediante el cual una persona que no puede pagar sus obligaciones puede relevarse del pago de algunas o de todas sus deudas y obtener un nuevo comienzo. El derecho a declararse en quiebra en los Estados Unidos de América y sus territorios está provisto en la ley aprobada por el Congreso en 2005 conocida como Ley de Prevención de Abuso de Quiebra y Protección del Consumidor ("Bankruptcy Abuse Prevention and Consumer Protection Act"). Todos los casos de quiebra son tramitados en tribunales de quiebra que funcionan como unidades dentro de los tribunales federales. La radicación de un caso de quiebra detiene inmediatamente las gestiones de cobro de sus acreedores.

¿Qué puede hacer una quiebra por usted?

Una quiebra puede relevarle de su obligación legal de pagar todas o muchas de sus deudas; es lo que se conoce como el relevo. El propósito es permitir un nuevo comienzo.

Una quiebra puede detener la ejecución de la hipoteca de su residencia y permitirle la oportunidad de pagar el atraso. No elimina la hipoteca como tal u otros gravámenes pero le brinda la oportunidad de pagar sus atrasos hasta dentro de los próximos cinco (5) años.

Una quiebra puede prevenir la reposesión de su automóvil u otra propiedad, incluso obligar al acreedor a devolver propiedad reposeída.

Una quiebra puede detener el embargo de salarios, el hostigamiento y otras prácticas de los cobradores; puede restaurar o prevenir la terminación de servicios tales como agua, energía eléctrica, teléfono; puede permitir defenderse de reclamaciones que usted no acepta adeudar; puede proteger sus codeudores mientras usted está en el proceso de quiebra.

Why Bankruptcy Is Important?

Bedford Texas

When you are faced with a possible bankruptcy, you are faced with a terribly hard decision. Which can you handle better, the overwhelming stress of dealing with such debts or the fact of knowing you did not make it. How else can you possibly get out of this financial mess you find yourself in without ruining your good name or credit? Well, if your credit was that good, would you really be considering bankruptcy?

How ever you personally answer that complex question, a bit of advice is to seek out a non profit credit counseling service for help. They are professionals trained to help make these decisions with you. You are not in it alone but must seek out the help. They will not come find you.

It is true if you are looking to put your financial burdens behind you and receive a fresh start,then bankruptcy may be the right decision for you. However, the credit counselors that deal with creditors may be able to negotiate on your behalf and avoid the bankruptcy all together at least for the meantime.

Clearly no one wants to declare Bankruptcy Guide. I do not believe that an individual would set out and receive credit with the notion that they are going to do all they can to ruin that credit and make it even more difficult to obtain credit in the future. If it does happen that you need to file bankruptcy take the advice of the counselors and try at all cost to avoid future situations that would once again lead you back to bankruptcy court.


Texas Top Spanish Speaking Bankruptcy Lawyer