Best Hispanic Bankruptcy Attorneys in Melissa 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 Melissa Texas bankruptcy lawyer at our law firm about your options.
Our law firm is a trusted and tested bankruptcy law firm in Melissa , serving residents of the Melissa 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 Melissa 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 es la mejor opción?
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.
Bankruptcy - Should You File Or Not?
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.
Which Bankruptcy Chapter Is Right For Me?
When someone needs to file for bankruptcy protection, he or she needs to make one initial decision - the type of bankruptcy that should be filed that's right for the situation. There are choices for the consumer, namely petitions under either Chapter 7 or Chapter 13 of the United States Bankruptcy Code.
Below is a brief explanation of how filing a Chapter 7 bankruptcy works, but regardless of your financial situation, you need to seek legal help to make sure that your petition proceeds properly.
Chapter 7 Explained
If a consumer files a Chapter 7 petition, he or she is filing what's known as a 'liquidation bankruptcy.' This is because in certain respects, the petitioner will be liquidating a majority of the assets held at the time of the filing, but not all of them, as will be explained below. The steps for filing a Chapter 7 bankruptcy petition are as follows: