A financial crisis can happen to anyone at any time. If you are experiencing a financial crisis then we recommend you discuss your alternatives with a skilled Tarrant County Bankruptcy Attorney. Illnesses/ injuries, divorces, and losing a job are some of the main reasons one turns to bankruptcy. Despite any financial crisis, there is hope. A competent bankruptcy lawyer can help you find debt relief and help you avoid foreclosure or repossession of your assets.
Acker Warren, P.C., offers superior legal services by providing you with excellent Tarrant County Bankruptcy Attorneys. Our firm has over 15 years of experience in bankruptcy law. We have helped numerous clients find relief from debt under chapter 7, Chapter 11, and Chapter 13 of the Bankruptcy Code. We are knowledgeable and experienced in Bankruptcy Law, so do not
hesitate to give us a call to discuss your options.
You deserve a fresh start and Chapter 7 can help you achieve that. If you are having a hard time paying down your debts, Chapter 7 may be the most prudent financial choice you can make. Our clients find this chapter to be the easiest and cheapest way to find debt relief. This chapter allows the debtor to discharge most or all of their unsecured debt while retaining all of their assets in most cases. Get in contact with our Tarrant County Bankruptcy Attorneys to learn more about this chapter and if you qualify for it.
Businesses and high- net worth individuals can reorganize their assets, usiness affairs, and debts under Chapter 11 while retaining control of their business and business assets. This is why Chapter 11 bankruptcy is also known as a business reorganization bankruptcy. This bankruptcy allows debtors to pay down debt and reorganize income and expenses while recovering profits. Whether the business is a partnership, corporation, or LLC, it is allowed to
continue operating under Chapter 11.
Chapter 13 is also known as the wage earner’s plan and allows debtors with regular income to develop a repayment plan for their debts. Chapter 13 allows repayment of mortgage arrears, child support arrears, IRS debts, vehicle debts/ arrears and retention of assets that would be liquidated in a Chapter 7. Often a chapter 13 requires no repayment of unsecured creditors (credit cards, medical bills, payday loans, etc). Debtors are required to make payments under the plan for between three and five years, depending on their monthly income. Individuals who file under this chapter can stop foreclosure proceedings and keep their homes, vehicle repossessions and keep their vehicle, wage garnishments and restore full wages, bank levies, child support garnishments, IRS debts, and alimony debts.