Rowlett TX Best Hispanic Bankruptcy Lawyers

Best Hispanic Bankruptcy Attorneys in Rowlett Texas

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

Burleson Texas

Over these years, we have helped Rowlett 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 Deos Bankruptcy Occur?

bankruptcy law center

Bankruptcy: the word alone may send chills up your spine. But so should the words "debt", "foreclosure", and "repossession". While bankruptcy may seem undesirable, intimidating, or downright embarrassing, in some instances bankruptcy can be a useful tool and may save you from a life mired in debt. Bankruptcy under chapters 7, 11, and 13 are available to both individuals and businesses, each with its own advantages and disadvantages.

Chapter 7

Chapter 7 is a liquidation bankruptcy. This means that, as an individual or business, when you file for Chapter 7 you agree to have some of your property liquidated to pay off your debts. Businesses that file for Chapter 7 will be dissolved and the assets liquidated to creditors. For individuals, some assets may be exempt, such as your home, tools of your trade, and retirement accounts. The laws for exempt assets vary from state to state. All nonexempt items, however, are at risk of being liquidated under Chapter 7. While you may lose a significant amount of property, your debts will be immediately resolved and you can quickly begin to restructure your finances without the burden of debt.

For More Information

While many people think of bankruptcy as a single action, bankruptcy actually includes a number of different options for debtors to choose from. When used properly, bankruptcy can save your financial future and help you become debt free.

Bankruptcy Options - 7, 11, and 13

¿Por qué la quiebra es la mejor opción?

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.

Bankruptcy - Should You File Or Not?

bankruptcy law firms

Chapter 7 bankruptcy is a process whereby a debtor eliminates the majority of unsecured debt by filing a petition and appearing at a meeting of creditors. The entire process takes approximately 120 days and could require as little as one court appearance. The typical time-frame is as follows:

1) Filing of the petition with the clerk of the U.S. bankruptcy clerk. A notice is sent to all creditors, the debtor, the debtor's attorney and the panel trustee.

Absent an adversarial complaint, the debtor is well on his way to a fresh start within four to five months at the latest. That means that the debtor can start saving money, can obtain auto financing and can start rebuilding. What may have seemed like an impossible option turns out to be a lifesaver for many individuals. Only an experienced bankruptcy attorney can advise you regarding your rights under the U.S. Bankruptcy Code.


Texas Top Spanish Speaking Bankruptcy Lawyer