Texas Top Spanish Speaking Bankruptcy Lawyer

Dallas Texas Area Chapter 7 & Chapter 13 Attorney Services

Kaufman Texas

Major life events like a job loss, illness, or divorce can wreak havoc on your personal finances causing the need for Dallas TX bankruptcy information. From late charges and interest rates to bill collectors and foreclosures, suddenly it seems your world has been turned upside down. If you are considering personal bankruptcy in Dallas, know that there is relief, and there are options for Spanish speaking individuals. You just need an experienced Spanish speaking bankruptcy attorney at your side.

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Dallas Texas el Capítulo 7 es el capítulo relativo a la liquidación del Código de Quiebras. Los casos del capítulo 7 son comúnmente llamados quiebras directas ó casos de liquidación, y pueden ser presentados por un individuo, una corporación ó una sociedad. Bajo el capítulo 7, se designa a un fideicomisario para que venda y cobre todas las propiedades que no se encuentren exceptuadas é utilice cualquier procedimiento para pagar a los acreedores. En el caso de una persona física, al deudor se le permite demandar la excepción de ciertas propiedades. A cambio de ello, el deudor obtiene una descarga, lo que significa que el deudor no tiene que pagar cierto tipo de deudas. Las corporaciones y sociedades no pueden acceder a estas descargas. Consecuentemente, cualesquiera individuos responsables legalmente de las deudas de una sociedad ó corporación, continuarán siendo responsables de las mismas. Por lo consiguiente, en las quiebras de las personas físicas ellos pueden ser requeridos como ocurre en el caso de las sociedades y corporaciones.

Tips For Filing Bankruptcy

¿Por qué la quiebra es la mejor opción?

¿Que no puede hacer una quiebra por usted?

Una quiebra no puede resolver todos sus problemas financieros y no es necesariamente la solución correcta para todos los individuos.

Una quiebra no puede eliminar ciertos derechos de acreedores asegurados o garantizados. Estos acreedores son los que tienen una hipoteca, gravamen o garantía en alguna propiedad como por ejemplo las hipotecas de hogares y los préstamos de automóvil. Una quiebra puede obligar a estos acreedores a obtener pagos a través del proceso de quiebra pero no puede eliminar su obligación de pagarlas pues puede perder la propiedad en garantía si no paga. Una quiebra no le permite retener la propiedad en garantía a menos que continúe con los pagos.

Una quiebra no le va a relevar de ciertas deudas a las que la ley provee trato especial como por ejemplo pensiones alimenticias, algunas deudas relacionadas al divorcio, muchos de los préstamos de estudio, restitución ordenada por un tribunal, multas en casos criminales y algunas contribuciones. Una quiebra puede proteger codeudores mientras la deuda sea pagada en la quiebra pues de no hacerlo y obtener un relevo de una deuda con codeudor podría éste ser responsable de toda o parte de la deuda. Usted podría luego pagar a su codeudor lo que éste pagó por usted cuando su situación económica lo permita.

Una quiebra sólo lo protegerá de las deudas que tenga al momento de radicar la quiebra, no obtendrá relevo de las deudas incurridas después de radicar quiebra.

Why Deos Bankruptcy Occur?

Ley de Prevención de Abuso de Quiebra y Protección al Consumidor

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.

Why Bankruptcy Happens?

Celina Texas

For many people, a huge appeal of the bankruptcy procedure is the automatic stay, which means that from the moment you file your bankruptcy with the court, your creditors are prohibited from contacting you, from trying to repossess your car, garnish your wages or continue on a home foreclosure. However, there are exceptions to the bankruptcy automatic stay and it is worth making yourself aware of them before you file.

One of these exceptions to the bankruptcy automatic stay is child support and another is alimony. These are two specific items which, even if you are successful in your petition to declare chapter 7 bankruptcy, will not be discharged wither.

One other thing worth noting is that if you have filed a petition to declare yourself bankrupt within the last year and have subsequently had that petition dismissed, for whatever reason, upon filing this time around you may find that you are not entitled to any of the benefits of the bankruptcy automatic stay. This is put in place to prevent people from abusing the system.