Your Fort Worth Bankruptcy Attorney
When you are in a difficult situation, such as bankruptcy, you need guidance and support. Having an experienced bankruptcy attorney on your side is crucial to getting through the complex process of bankruptcy. From the moment you call, our bankruptcy attorneys will be able to help explain each step, guide you to making the choices that are in your best interest. We want you to have a happy, healthier, financial future, and we can help you get there.
Small Business Bankruptcy Lawyer
Small business bankruptcy is one of the more complex types of bankruptcy, since there are a few bankruptcy options to choose from. Because of this, it would be beneficial to speak to an attorney about which option would be best for you and your business.
Remember that if you’re the sole proprietor of your business, any bankruptcy will involve both your personal and business assets. You may decide to choose this type of bankruptcy, which will be discharged once all your debts are paid off.
Other bankruptcy options for sole proprietors include making monthly payments on your debt, while staying in business. This is a good option for businesses that earn enough to both stay in business and make the monthly payment.
There are just as many options for small business that are partnerships or corporations. If you’re not sure what action you want to take, call Leinart Law for a free consultation.
When Is Bankruptcy is Right for You?
The timing on when to choose bankruptcy may be difficult. Discussing strategy on when the best time to file is something to talk about with our attorneys at Leinart Law. If you are going through another legal proceeding, such as a divorce, it can have an effect on your bankruptcy timing. It is important that if you are thinking about getting a divorce and also facing insurmountable debt, talk to an attorney first. You have options.
Why Choose Our Bankruptcy Law Firm?
At Leinart Law Firm, we have established a great reputation in Fort Worth for being caring, knowledgeable, and powerful advocates for our clients. We understand that bankruptcy can be an emotional process, but let us show you how we can help you through the process so you can get back on your feet.
Will the 2005 Bankruptcy law changes prevent me from filing for bankruptcy?
The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act makes the eligibility requirements for bankruptcy stricter, so that those who earn more than the median income in their state may not be able to file.
If you earn more than the median income and can afford to pay $100 dollars per month toward your debt, Chapter 13 may be a better option rather than Chapter 7. Before making any final decisions, though, speak to an attorney who will be better able to assess your situation.
If you need to prove that you make less than the median income and can’t afford to pay, you’ll have to prove this by filing your taxes if you have not already done so. Only a proof of income through federal income taxes will be sufficient evidence for the court.
We have over 15 years of serving Fort Worth, you can always count on Leinart Law Firm to have the legal solutions for debt that you are looking for. Contact us today at 800-518-3328.