Bankruptcy Lawyers Arlington TX
If you are struggling financially and are considering filing for bankruptcy, then contact the bankruptcy lawyers Arlington TX can depend on. Brandy Austin Law Firm has worked diligently with each of their clients on several case issues, including bankruptcy. Filing for bankruptcy can be a difficult decision but also an opportunity for you to have a fresh financial start.
Looking for Guidance
If you are struggling with finances and believe that bankruptcy may be the best option, it is important to meet with bankruptcy lawyers Arlington TX trusts. Brandy Austin Law Firm are trustworthy and caring attorneys that seek justice for those claiming bankruptcy. If you are interested in filing for a chapter 7 or 13 bankruptcy call them at 800-958-4948 to seek further guidance.
Types of Bankruptcy
There are several different forms of bankruptcy, which are referred to by their chapter in the U.S. Bankruptcy Code. Each category has a set of requirements and regulations that the bankruptcy lawyers in Arlington, TX are extremely knowledgeable about.
- Chapter 7, also known as liquidation bankruptcy, can help provide you with a fresh start. Under this agreement most unsecured debts are discharged, meaning they are completely wiped out. However, with this negotiation some of your property may be liquidated (sold) to pay down your debt. There is property, nevertheless, that is classified as exempt, such as your clothes, car and household furnishings. The bankruptcy lawyers Arlington TX offer the ability to work with you, to determine which debts will be discharged and which will not be exempt.
- Chapter 11 bankruptcy is used by businesses and individuals whose debts are very large. This form of bankruptcy leads to reorganizing the payment plan and pay the creditors over time. This allows the individual to keep its business alive.
- Chapter 12 bankruptcy is set aside for family farmers and family fishermen. It is a rather new addition to the bankruptcy laws and allows those families to restructure their finances to avoid liquidation or foreclosure.
- Chapter 13 is another form of reorganization and typically referred to as a wage earner’s plan. A plan is developed in which individuals will continue to repay all or part their debts over a period of three to five years using their current income. If this is a type of bankruptcy that you believe will work best for your situation consult with the bankruptcy lawyers Arlington TX can provide to learn more.
It is important to meet with an attorney to discuss different options and develop a clear path for you to follow.
A Fresh Start
If you need a fresh start financially or some direction to help you become financially successful, contacting the bankruptcy lawyers at Brandy Austin Law Firm will help make difference in your life. Bankruptcy can be a difficult decision to make but with the assistance of the dedicated bankruptcy lawyers Arlington TX recommends, the choice can be easier to make.