Practice Areas
Chapter 7 Bankruptcy - Chapter 7 allows you to gain a fresh start by discharging all unsecured debts if you qualify. Chapter 7 Bankruptcies are often called liquidation. Individuals are granted numerous exemptions for there real and person property under both Federal and Texas laws. These laws allow most people to keep all the property they already have. You will need to continue to pay mortgages and car notes and other secured debts.
Business Chapter 7 - Businesses that file Chapter 7 truly face liquidation. There are no exemptions for business assets so a trustee will oversee the sale of all assets and will pay each creditor accordingly.
Chapter 13 - A Chapter 13 bankruptcy is a consumer (individual and family) reorganization plan. This allows debtors to get additional time to pay off creditors you are behind on. This is an excellent tool to help homeowners that are facing foreclosure on their house or repossession on their cars. We find out how much you are behind on your house and car and put the total arrearage in a bankruptcy plan that can allow you to take years to pay your debt. In some cases, if the consumer owes much more on their car than it is worth, we can put the market value in the plan and actually lower your car payment.
Fee Schedule for Bankruptcy |
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Chapter 7 Bankruptcy |
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If you, the debtor, are current on your mortgage and other secured loan (automobile) payments, this may be your best option. You must list all creditors (people you owe money), and you must list all property that you own, both real and personal. There are two exemption schemes; federal and state. If the property that you own is like most people, there will be an exemption for everything, and you will keep everything. Your unsecured debts will be discharged. |
Chapter 7 for most individuals or family = $1000 |
Chapter 7 for business or corporation |
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Chapter 13 Bankruptcy |
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Chapter 13 is intended to give debtors some breathing room. For individuals who are behind on mortgage payments and/or car payments and want to keep this property, a Chapter 13 Bankruptcy offers the opportunity to pay the back payments over a period of years. While in a Chapter 13, mortgage payments and car payments that are due after the date filed will have to be paid on time. |
Chapter 13 Bankruptcy = $1994 |