How to File for Bankruptcy
Types of Bankruptcies
A bankruptcy lawyer can assist you in filing for bankruptcy. However, before you file for bankruptcy you should know and understand your options. Even if bankruptcy is appropriate, should you file a Chapter 7 bankruptcy or should you opt for a Chapter 13 bankruptcy? And are these bankruptcy options even available to you? Do you need to file for business bankruptcy?
If you don’t know the answers to these questions, Leinart Law Firm can show you how to file for bankruptcy. The type of bankruptcy you choose to file will depend on your particular situation and what you hope to accomplish. For example, if you want to file for bankruptcy to stop home foreclosure and force a bank to give you time to get caught up with mortgage payments, then a Chapter 13 bankruptcy may be appropriate.
Bankruptcy Filing Process
When filing for bankruptcy, once the type to be filed is determined, a bankruptcy petition will be prepared and filed. Whoever prepares your petition must understand state exemptions. In Texas, a specific understanding of Texas state exemptions is necessary to determine if any assets are not subject to bankruptcy, including any real estate, cars, money and certain personal belongings (however, this is not usually an issue).
After the petition has been completed and filed, notice of the bankruptcy filing will be sent to all creditors. This will let them know you have filed for protection under the bankruptcy code and will stop any collection, repossession or foreclosure efforts.
If you elect to file for a Chapter 13 bankruptcy, you will then have a meeting of creditors, which typically takes place in bankruptcy court. This meeting generally takes place in a cubicle-type, non-threatening environment. At this meeting (also called the Section 341 meeting of creditors), a Chapter 13 trustee will review your petition and your proposed repayment plan. Creditors have the option to attend this meeting but generally opt not to. If you file with Leinart Law Firm, a bankruptcy attorney will attend and represent you at this meeting.
If there are no issues with your bankruptcy, you will simply follow your Chapter 13 plan and ultimately gain a fresh start for yourself and your family.
Explore Your Bankruptcy Options
The bankruptcy laws are complex. There are many issues to consider and it is important that you fully understand those issues and your options, as well as the benefits and limitations of the bankruptcy laws. Otherwise, you will not be in a position to make informed decisions about bankruptcy and your financial future.
Our bankruptcy lawyers at Leinart Law Firm can help you understand the bankruptcy laws and your options. With convenient offices in Fort Worth and Dallas, our Texas bankruptcy lawyers will take the time to listen to your situation and advise you of your options, as well as explain the benefits and limitations of bankruptcy. Our goal is help you make an informed decision about filing for bankruptcy and, if you elect to pursue a bankruptcy solution, to guide you through the process and represent you at all bankruptcy hearings.
Our overriding goal is to provide you with experienced advice and help you obtain a fresh start. The burden of insurmountable debt can be overwhelming; relief may be available.
We understand things happen. We never judge our clients, and we are always courteous and respectful. You can be assured that we will do everything we can to help you relieve the anxiety and stress you are under. We will take the time to listen to your situation and explain your options, which may or may not include bankruptcy. If bankruptcy is a viable option, we will inform you about and guide you through the process. We can utilize bankruptcy laws to help you stop collector harassment, foreclosures, repossessions or wage garnishments.
Prompt Communication and Personal Attention
We have earned our reputation for providing every client with close, personal attention. Nothing is more frustrating than being unable to have questions answered or problems addressed by your attorney’s office in a timely fashion. We will return your phone calls as quickly as possible and make it a priority to address your concerns in a timely manner. Unlike many bankruptcy law firms, you will meet with a bankruptcy lawyer on your very first visit. We are committed to helping you.