Lavon TX Abogados De Bancarrota

Best Hispanic Bankruptcy Attorneys in Lavon Texas

El capítulo 7

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

Scurry Texas

Over these years, we have helped Lavon 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.

¿Por qué la quiebra y la ejecución en la contabilidad?

Ley de Prevención de Abuso de Quiebra y Protección al Consumidor

¿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 Bankruptcy Law?

how much is it to file bankruptcy

Bankruptcy is little more than a smack on the hand these days. Creditors are certainly not going to look at you as a wise credit risk after bankruptcy, but that will probably not stop them from extending credit to you anyways. It seems a bit odd that consumers appear to be rewarded for skipping out on their debts through bankruptcy.

We would like to think that anyone who files for bankruptcy must really need the relief to be willing to tarnish their credit for up to 10 years. But how many people are simply abusing the system? Obtaining credit cards and other loans knowing up front that they are going to file for bankruptcy. Some people will even keep up the payments for a while to create the illusion that they really had good intentions of paying upon obtaining the credit. Then they laugh to themselves when they file bankruptcy, knowing they got one over on the creditor.

This isn't to say that everyone who has a bankruptcy on their record is going to be irresponsible with credit again. But the harsh reality is, most will. Most people know what they are getting into when they add more and more payments to their monthly plate, but they are looking for instant gratification. Bankruptcy courts wouldn't be so full today if this country wasn't so bent on instant gratification, but bankruptcy is just another form of it, so off to court we go.

Why Bankruptcy Isn't Always Bad?

how much is it to file bankruptcy

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)
Q. What does filing for bankruptcy mean for my business?
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.


Texas Top Spanish Speaking Bankruptcy Lawyer