Are you experiencing issues with debt? If that is the case, it may be time to discuss your options with an experienced Fort Worth bankruptcy attorney. Dependable bankruptcy lawyers can help you find debt relief and can stop foreclosures and repossessions. No matter the financial issues you may be facing, there’s hope. Examine all your options and take a step towards financial freedom.
Acker Warren, P.C. can provide you with a reliable Fort Worth bankruptcy attorney. We have over 15 years of bankruptcy law experience in Fort Worth and we have helped thousands of clients facing financial hardships find debt relief through the chapter 7, chapter 11, and chapter 13 bankruptcy processes. Call us today to learn all about your options.
Unlike Chapter 11 and 13, Chapter 7 does not involve filing a plan of repayment. In fact, there is no repayment option available in a Chapter 7. Instead, non-exempt property is liquidated to help pay back a portion of debt owed to creditors. However, it is very uncommon for a client to have non-exempt property that can be liquidated. In Texas, most Debtors do not own any non-exempt property and will retain all of their assets while eliminating all or most of their debt. Even if you own non-exempt property there are options available to retain that property. Call us today to review your options.
Chapter 11 is commonly referred to as a business reorganization bankruptcy. Chapter 11 is known as the business reorganization bankruptcy because it involves a reorganization of a debtor’s debts and assets. This chapter is usually filed by partnerships, businesses, corporations, and high net worth individuals.
Chapter 13 allows debtors with regular income to develop a repayment plan to cover all or a part of their debts. With this chapter, the repayment plan can be from three to five years. This Chapter can help debtors who are at risk of repossession, foreclosure, wage garnishments, bank levies, student loan garnishments, tax delinquency, and child support arrears.
Contact us today to get legal services from a professional Fort Worth Bankruptcy Attorney!