Filing for bankruptcy can feel like a daunting task. This is why it is crucial to hire a bankruptcy lawyer in Fort Worth, TX from Leinart Law Firm as soon as you realize you are having financial difficulties. Bankruptcy is not an easy decision to make. It’s not a decision that you are advised to make on your own before obtaining the proper legal and financial guidance. Before you choose to file for bankruptcy you need to make sure you know you understand your financial situation, and the options that are available to you. Sorting out your financial dilemma can be a major challenge, so discussing your situation with an experienced bankruptcy lawyer can shed light on what your solution should be. He or she can possibly help you stop needing to file, or can help move the process forward so that you can get on with your life. Bankruptcy lawyers are both trained to file for bankruptcy and avoid it for people that may not need to. There may be a debt relief solution that you have not previously considered. They will give you advice on what the smartest option for you may be, and ultimately, you will make all of the big decisions on your own. Here are a few of many tasks an experienced bankruptcy lawyer will help you with.
- Five Things You Should Know Before Declaring Bankruptcy
- Bankruptcy Lawyer Fort Worth, TX Infographic
- Get in Touch with the Leinart Law Firm Today
- Inside Chapter 11 Bankruptcy
- Fort Worth Bankruptcy Statistics
- Leinart Law Firm Fort Worth Bankruptcy Lawyer
A bankruptcy lawyer will be able to take care of all of the paperwork that needs to be filed for bankruptcy. When you file for bankruptcy you need to have a lot of documents ready to review and organize. The document includes tax records, invoices, pay stubs and other documents that list your accounts and other types of assets. If you have a larger estate you may have more records to go through. Sorting through all of these documents can be time-consuming and painstaking, so having a lawyer can make the process simpler and efficient. Having every relevant document prepared can help you file your paperwork more quickly.It is important to ensure all of this is done correctly and in a timely fashion so that you can begin moving on with your life. The sooner you are able to file and figure everything out financially, the faster you will be able to make wise financial decisions for yourself and your family to begin moving on.
Giving You Options
Another important thing that a bankruptcy lawyer from Leinart Law Firm will be able to do is give you different options on what the next steps should be for you and your family. Some people believe that bankruptcy is their only option, however there may be other options that are available at eliminating debt. Talking to a bankruptcy lawyer about your situation can help you understand your options, helping you to avoid having to file for bankruptcy at all. There may be other types of debt relief solutions that you can consider that are not as drastic or consequential as bankruptcy. If bankruptcy is an option for you, a lawyer to help you decide which one that you should choose. Not only can your lawyer help you decide if bankruptcy is the right option, but your lawyer may also be able to help you choose what chapter of bankruptcy to file for. Typically, an individual would file for either Chapter 7 bankruptcy or Chapter 13 bankruptcy. Your lawyer will evaluate your finances and help determine which option would be better for you.
Helping You Move Forward
Finally, your lawyer will not leave as soon as you file for bankruptcy. The bankruptcy lawyer will be there to support you as you go through this difficult process. They are there to assess your situation and help you decide the best steps forward. They understand the emotional toll bankruptcy can have on people, so they want to help you achieve the goals that are meaningful to you and will allow you to overcome your struggles. He or she will want you to have financial success, which will mean it will be important to come up with a budget that works for you and your loved ones. It may be recommended to hire an experienced financial advisor to go over your finances in great detail. This can be a great tool in rebuilding your life in a way that will be good for the long run.
Set Up a Consultation Today
You should absolutely set up a consultation with one of our experienced bankruptcy lawyers as soon as possible if you are struggling financially. In the long run, having a lawyer on your side will be an enormous asset. We will set up a plan to pay for our services in a way that will not hurt your everyday life. Reach out to our law office today to learn more.
Five Things You Should Know Before Declaring Bankruptcy
Declaring bankruptcy is a stressful and overwhelming time in your life, but with a bankruptcy lawyer in Fort Worth, Texas at your back, you can fight through your bankruptcy and get ready to rebuild your life on the other side. Fortunately, the professionals the Leinart Law Firm are standing by to help you navigate your bankruptcy and answer any questions you might have.
When you declare bankruptcy, it takes time to make sure you’re moving in the right direction. Many clients have many different questions, and if you want your bankruptcy to be as painless as possible, it’s important to be as informed as possible ahead of time. Read on to learn more about declaring bankruptcy, and see how we can help.
- Bankruptcy leaves a lasting impression. Many people look at bankruptcy as a quick and easy way out from under their financial obligations, but it couldn’t be further from the truth. When you declare bankruptcy, you might finally get rid of some of those pressing debts, but bankruptcy stays on your record for several years. It can affect whether you can apply for housing, apply for loans, and even apply for jobs.
- You’ll (usually) have to pay taxes. Unfortunately, bankruptcy isn’t a sneaky way to avoid paying taxes. You’ll also have to keep paying off any student loans, child support, or any fines that you may owe the government. Declaring bankruptcy may be a way out from dire financial straits, but you’ll still need to keep making certain payments, whether it’s taxes or other nondischargeable debts.
- Your lawyer can help you get out of certain debts. While most people still have to pay off all their taxes when they declare bankruptcy, a bankruptcy lawyer in Fort Worth, TX can help you determine which taxes you might not actually have to pay off. If a tax is old enough or you weren’t convicted of tax fraud, your lawyer can prove that you don’t need to pay it off.
- You still have options. When it’s time to declare bankruptcy, you get to choose between Chapter 7 and Chapter 13 bankruptcy. While both can leave a lasting impression on your credit, they have several differences that can affect which you’ll choose. Chapter 7 is oftentimes referred to as liquidation bankruptcy, and it involves selling off your assets to pay off any debts you might have. Chapter 13 is also known as reorganization bankruptcy, and involves coming up with a workable repayment plan that you’ll have to stick with in order to pay off your debts instead.
- The right lawyer can make all the difference. When you’re on the verge of declaring bankruptcy, you need to be sure that your lawyer has your back. Bankruptcy is a stressful and difficult time for everyone involved, but if your lawyer is familiar with the ins and outs of bankruptcy, he or she can help you get through the entire ordeal with minimal stress and drama.
Bankruptcy Lawyer Fort Worth, TX Infographic
Get in Touch with the Leinart Law Firm Today
At the Leinart Law Firm, we know that bankruptcy is difficult. It can melt away everything you’ve built up for yourself and your family, and even after you declare bankruptcy you could be facing problems getting your life back together. Reach out to the Leinart Law Firm to learn more about how we can help you navigate your bankruptcy, and see what a qualified bankruptcy lawyer in Fort Worth, TX can do for you.
What is a Bankruptcy Lawyer?
A bankruptcy lawyer is a type of lawyer who helps you to file for bankruptcy. The process for filing for bankruptcy is complicated, and many people find it difficult to navigate on their own. A good bankruptcy lawyer can help you prepare the appropriate documents and be your representative before the court. Whether you need help with filing paperwork or reviewing bankruptcy options to choose the bankruptcy lawyer is there to offer personalized legal guidance for you.
When your financial difficulties start to spiral out of control, you should contact a bankruptcy lawyer from the Leinart Law Firm for help. You should take action before your situation gets worse. It’s better to seek help early when you are able to find solutions to your problem rather than wait until it’s too late. If you are considering bankruptcy as a debt relief option, it is helpful to obtain counsel from a lawyer beforehand. Bankruptcy lawyers can formulate strategies to help you deal with your creditors and get out of debt. The best bankruptcy option for you can be determined by your bankruptcy lawyer.
In most cases, these bankruptcy lawyers specialize in one or more areas of bankruptcy law. Some work exclusively with businesses while others work only with individuals. Some states also require that a bankruptcy lawyer be present at all hearings before the court, whether the individual chooses to hire an attorney or not. Whatever your situation, there is a bankruptcy lawyer who will be able to help you get out of debt and achieve financial relief you are searching for.
What does a Bankruptcy Lawyer do?
Bankruptcy lawyers help you file for bankruptcy or work through your bankruptcy to help you get out of debt. They can help both individuals and businesses who are struggling with debt. Regardless of how you developed debt issues, a bankruptcy lawyer will be there to help you find the right solution so that you can get the debt relief that you need. You might want to consult a bankruptcy lawyer if you owe large amounts of money that you can’t pay, if you are being harassed by collectors, if you are facing foreclosure on your home, or if your business is struggling.
Bankruptcy attorneys can also help you decide whether Chapter 7 or Chapter 13 would be more appropriate for your situation. A bankruptcy lawyer from the Leinart Law Firm may advise clients on how to best manage their debt to maximize repayment. Some bankruptcy lawyers represent creditors, people, and businesses that are owed money by debtors filing for bankruptcy.
Why Hire the Leinart Law Firm as Your Bankruptcy Lawyer?
At Leinart Law Firm, we know that when things look their bleakest, your future can still be bright as long as you are represented by someone who cares. Our experience in helping people file for bankruptcy means that we know how to make this process as easy as possible for you.
We can provide the experienced, knowledgeable representation you need to answer any questions and address any concerns you may have about filing for bankruptcy protection.
The Leinart Law Firm is here to fight back against the banks, creditors and other predatory lenders. We love and will fight for our clients … because they are part of our family.
If you are ready to explore the possibility of filing for bankruptcy, then it is important that you speak with an experienced attorney who can provide the right advice. Schedule your free case evaluation with a bankruptcy lawyer from the Leinart Law Firm now!
Inside Chapter 11 Bankruptcy
Unfortunately, many businesses go under ever year – but having a skilled bankruptcy lawyer, on your side can make the process a little easier. In fact, when you get in touch with a bankruptcy lawyer to learn more about your options, you may not even go out of business, depending on which type of bankruptcy is best for you.
At Leinart Law Firm, we know that your business may have held your hopes and dreams for the future, but we also know that declaring corporate bankruptcy doesn’t have to be the end of your business. Read on to learn more about corporate bankruptcy, and see how the professional Fort Worth bankruptcy lawyers at Leinart Law Firm can help.
What are My Options for Corporate Bankruptcy?
Aside from Chapter 11 bankruptcy, you can declare Chapter 7 bankruptcy to completely liquidate your business. This means going out of business and selling off all your assets to pay your investors and founders (if applicable), as well as pay off any other outstanding debts you accrued while running your business.
Chapter 7 bankruptcy is extreme, but it gets you completely out of the game. On the other hand, Chapter 11 gives you a fighting chance and it keeps your business running while you develop a workable reorganizations plan.
What is Chapter 11 Bankruptcy?
Declaring Chapter 11 bankruptcy is a good way to get your company out from under serious debt, and it gives you the chance to fight another day. Rather than going out of business completely, you can continue to manage your company and eventually become profitable enough to emerge from the red. But it’s not as easy as it sounds. While you may avoid shuttering your business altogether, you still have investors, employees, founders, and creditors to satisfy – and that means a reorganization plan.
How Do I Develop a Reorganization Plan?
The keystone of Chapter 11 bankruptcy is your reorganization plan. It’s a plan through which your company will steer itself back in to profitability, but it takes lots of hard work and back-and-forth to come up with a reorganization plan that works for everyone.
To come up with a reorganization plan, you have to follow a number of steps. You’ll have to develop a plan with reorganization committees, and then draft up a disclosure statement. You’ll file this plan and statement with your bankruptcy court, and the SEC will get involved to ensure the reorganization plan is all complete. Creditors (and stockholders) will vote on the plan, and if the court confirms the plan, you’ll finally have to carry out the contents of the reorganization plan. It’s a process that requires many steps, but the right lawyer can make all the difference.
Fort Worth Bankruptcy Statistics
According to the American Bankruptcy Institute, in 2021 there were 19,762 bankruptcies filed in Texas. There are several types of bankruptcy. A bankruptcy lawyer is knowledgeable about each type of bankruptcy so that they can help you determine which one you should file for. There are special requirements for attorneys who advise consumers in both Chapter 7 and Chapter 13 cases, and attorneys must be admitted to practice in both federal and state courts. A bankruptcy lawyer can advise you on the type of bankruptcy that will be best for your situation, what the filing process is like, whether the option you choose is right for you, and other important information.
Get in Touch with Leinart Law Firm Today
If your business is experiencing financial difficulties, it’s not time to close up shop yet. Declaring Chapter 11 bankruptcy can give you the time and planning you need to turn your business around and continue pursuing your dreams of business ownership and management, and the professionals at Leinart Law Firm are standing by to help.
Don’t turn your back on your business. Get in touch with Leinart Law Firm today, and see how our Fort Worth bankruptcy lawyers can help.
Leinart Law Firm Fort Worth Bankruptcy Lawyer
“Mr. Leinart is a caring and dedicated person as are the other lawyers and staff with whom you will be working. If you have to take this step, you cannot do better than Marcus Leinart.”