Bankruptcy Attorney, Keller TX
How to Find a Bankruptcy Laywer in Keller
No one wants to file personal bankruptcy, but if you are desperate and you have exhausted all other options for gaining financial freedom, bankruptcy can help. Bankruptcy attorneys in Keller can explain your bankruptcy options and identify whether you qualify for Chapter 7 or Chapter 13 Bankruptcy. Chapter 7 Bankruptcy may allow you to discharge most of your personal debt and Chapter 13 Bankruptcy may allow you to develop a bankruptcy repayment plan. Recent bankruptcy law changes have made it more difficult to file Chapter 7 Bankruptcy.
Everyday Yellow Pages is committed to helping you find the best bankruptcy attorney in Keller. We have consolidated a list of attorneys who have the expertise to answer your bankruptcy questions. Most attorneys offer a free initial consultation to review your financial situation and determine if bankruptcy is right for you. Do not avoid creditor calls or refuse to open the mail any longer. Let Everyday Yellow Pages connect you to a bankruptcy attorney today.
Chapter 7 vs. Chapter 13
Chapter 7 Bankruptcy allows Keller debtors to sell their non-exempt assets and take the money from the sale to repay their creditors. A Keller attorney can file the bankruptcy petition and gather information about your assets, debts and creditors. The bankruptcy court will assign a trustee to manage the sell of your assets. Chapter 7 Bankruptcy can generally be completed within four to six months.
Chapter 13 Bankruptcy is not as quick, simple or inexpensive as filing Chapter 7 Bankruptcy. Debt is not immediately discharged but must be repaid with a three to five year bankruptcy repayment plan. One benefit of the bankruptcy plan is it may provide more favorable payment options than you currently have for your debt. Chapter 13 Bankruptcy can also stop home foreclosure, property repossession and wage garnishments. Many individuals who do not qualify for Chapter 7 Bankruptcy can file Chapter 13 Bankruptcy and keep some of their property.
Not all debt will be eliminated by filing Chapter 7 or Chapter 13 Bankruptcy. A Keller bankruptcy attorney can review your assets and determine what will be eliminated by bankruptcy, but in general, bankruptcy does not discharge the following types of personal debt:
- Certain types of back taxes
- Alimony payments
- Child support
- Certain student loans
- Luxury items bought within ninety days of filing personal bankruptcy
- Fines owed to federal or state government agencies
- Debts generated from fraudulent activity
- Recent cash advances of $825 within 70 days of filing personal bankruptcy