Select a city or county to find Texas Bankruptcy lawyers near you
113 N 9th St, Edinburg, TX 78541
600 West 6th Street, Suite 473, Fort Worth, TX 76102
177 West Gray Street, Houston, TX 77019
2420 Rich Oak Dr, Garland, TX 75044
10440 N Central Expy, #800, Dallas, TX 75231
3420 Executive Center Dr, Suite 160, Austin, TX 78731
2404 Roosevelt Drive, Arlington, TX 76016
18333 Preston Road, Suite 320, Dallas, TX 75252
2200 Forest Park Boulevard, Fort Worth, TX 76110
5201 West Park Boulevard, Suite 100, Plano, TX 75093
The People's Petroleum Building, 102 North College Avenue, Suite 808, Tyler, TX 75702
2100 West Loop South, Suite 805, Houston, TX 77027
7924 Broadway, Suite 104, Pearland, TX 77581
Chateau Plaza, 2515 McKinney Avenue, Suite 900, Dallas, TX 75201
Bankruptcy is a process that is governed by federal law, supervised by bankruptcy court, which allows individuals to seek relief from overwhelming debt and obtain a new financial start. An individual that cannot repay their debts when they become due, files for bankruptcy, following a legal framework that resolves debts and determines how creditors will be paid. A bankruptcy attorney can help determine which one is right, based on your situation. Some types of bankruptcy proceedings include:
There can be various consequence for filing for bankruptcy. However, the impact is not permanent. Given time, and responsible financial management, an individual can rebuild positive financial standing. Common consequences for filing for bankruptcy include:
The assets that you can keep in bankruptcy depend on the type of bankruptcy you file and the state you live in, determining exemption laws. Exemption laws define types and amounts of property that can be protected from seizure to repay creditors. Exemption laws do have limitations. Consulting with a bankruptcy attorney can help you understand what is best for your situation and which assets you can keep.
Through bankruptcy, a debt that you are no longer liable for repaying is considered discharged. Discharged depts vary with the type of bankruptcy you file and the laws and regulations in your state. Not all debts can be discharged, and some have certain requirements that must be met. Common types of debt that may be discharged are:
Consider the following when contacting a law firm and determining which lawyer to work with:
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