Houston bankruptcy lawyers represent individuals and corporate creditors and debtors. Their work may include financial restructurings, workouts, and bankruptcy cases. Furthermore, and they can handle poorly structured financial transactions. Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. In addition, a bankruptcy case begins typically when the debtor files a petition with the bankruptcy court.
U.S. Bankruptcy law deals with the bankruptcy issues of individuals as well as organizations. This type of statute issues directly from the Constitution and is in the domain of Federal law, though State laws have an essential effect on bankruptcy procedure. Furthermore, legal practitioners in this field are experts in the U.S. Bankruptcy Code,
Chapter 13 is a reorganization bankruptcy. It allows debtors to keep their property by agreeing to make monthly payments toward their debt over the course of three to five years. Bankruptcy is not available to everyone. Those who have had their debt discharged in Chapter 7 within the past eight years cannot re-file.
Bankruptcy can have long-term legal consequences as well as financial. Furthermore, it can also have a huge negative impact on families and friends. Consult Houston bankruptcy lawyers today with all of your bankruptcy questions.
A savvy Houston bankruptcy attorney can guide and educate you on the bankruptcy process. Moreover, on what you can expect during and after you file for bankruptcy in Texas. Furthermore, It is best to make decisions based on facts. In addition, to also be aware of the pros and cons of filing bankruptcy.
The Administrative Office of the United States Courts cannot provide legal or financial advice. If you need legal assistance from one of our Houston bankruptcy lawyers, contact us. Fill out our form on this page or call us. Obtain a Free Consultation by contacting us today.