Dont Shed Your House! Get in touch with a Bankruptcy Lawyer Today!
The selection to file bankruptcy is a serious decision but it is a selection that can give you a fresh start if there is no other way out. Bankruptcy is a legal way to discharge unsecured debt that can supply an overwhelmed debtor with a new starting. It may be feasible to hold your present residence and your automobile right after filing bankruptcy. A law firm such as the Malaise Law Firm, with attorneys skilled in San Antonio baenkruptcy law can support you decide if bankruptcy is the appropriate choice for your certain circumstance. If the selection is made to file bankruptcy, they will clarify to you the pros and cons of the two varieties of bankruptcy accessible to people, Chapter 7 and Chapter 13.
Chapter 7 is what most folks typically feel of as bankruptcy. In Chapter 7 bankruptcy, a debtors non-exempt assets are liquidated or sold with the proceeds used to atlanta attorneys pay toward unsecured debts such as credit cards, loans, and medical bills. In the majority of bankruptcy situations folks do not lose any property and the unsecured creditors get absolutely nothing. Numerous months after filing bankruptcy the unsecured debts are discharged and the creditors can never collect on the debt. A secured creditor might nonetheless enforce a lien to recover property secured by the lien.
Chapter 13 is a debt reorganization or consolidation bankruptcy. If a debtor has regular monthly income, their debts including mortgage arrears, auto payments, credit card bills, medical bills, loans, student loans, etc. are combined into a single low monthly payment. Since the debtor is paying back their creditors by means of a repayment program, the debtor does not threat losing their assets as they could under Chapter 7 bankruptcy laws. During the repayment program creditors are prevented from contacting the debtor without 1st going via the debtors bankruptcy attorney and the court.
Millions of folks declared bankruptcy in 2007 to get the fresh start they necessary. Contrary to well-known belief, your credit is not permanently damaged and it is still possible to get credit right after filing bankruptcy. At the Malaise Law Firm, our San Antonio bankruptcy attorneys have more than 40 years knowledge helping people file bankruptcy, with two board certified attorneys. We put our emphasis on helping our clients do what is in their finest interest and our clientele requirements usually come very first.
The Malaise Law Firm serves the residents of San Antonio, Houston, Dallas, Fort Worth, Corpus Christi, Harlingen, Brownsville, and McAllen, Texas with all of their legal needs including bankruptcy. If you would like to see what we can do seattle doctors to aid you please get in touch with The Malaise Law firm today at charlotte dentist or call 1-800-BANKRUPT for instant assistance. or call 1-800-BANKRUPT for instant assistance.
