If you are currently going through financial hardship and cannot seem to get ahead on your debts, it is time you discuss your options with a skilled Arlington Bankruptcy Attorney. A reliable Bankruptcy Attorney can help you avoid getting your assets repossessed or foreclosed and find debt relief. It is important you go over all your options so you can start your journey to financial freedom, remember that there’s hope.
With Acker Warren, P.C., you will get the best legal services from a dependable Arlington bankruptcy attorney. Our firm’s attorneys have over a decade of experience in bankruptcy law, helping thousands of clients find debt relief through chapters 7, 11, and 13 of the bankruptcy code. We are proficient in the Bankruptcy Code so give us a call to get help navigating bankruptcy proceedings.
An experienced Arlington bankruptcy attorney can help you if you are facing a foreclosure, repossession, or are being threatened with creditor lawsuits. Call us today to learn your options.
This chapter is found to be the easiest, cheapest, and most effective way to find debt relief according to our clients. Paying debt through payment plans and or consolidation programs can be tiring for your emotional and financial well being. Chapter 7 can provide you with a fresh start by eliminating your debt. Since Texas has strong exemption laws that protect the property of most debtors, most Chapter 7 debtors get to keep ALL of their assets.
This chapter is intended for high income and high debt individuals and businesses. It is also known as the business reorganization bankruptcy. Businesses, partnerships, corporations, and individuals reorganize their assets, debts, and business affairs in this type of bankruptcy. With chapter 11, businesses can continue operating during their reorganization process. It is important to seek legal help because of the cost, time, and risk associated with this chapter.
This chapter is also known as the wage earner’s plan. It allows debtors with regular income to develop a repayment plan for all or part of their debts. Debtors can propose a repayment plan that lasts three to five years depending on their monthly income. If the debtor’s income is higher than the state’s average income, they have to make installment payments to creditors for five
years; if it’s lower, three years.