Trusted Houston Bankruptcy Lawyers & Attorneys
Houston bankruptcy lawyers represent individual and corporate creditors and debtors in financial restructurings, workouts, bankruptcy cases and other matters involving financially distressed transactions. Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court.
U.S. Bankruptcy law applies to the insolvency problems of individuals as well as organizations. This type of law issues directly from the Constitution and is in the domain of Federal law, though State laws have an important effect on bankruptcy procedure. Legal practitioners in this field are experts in the U.S. Bankruptcy Code, which is a subset of the United States 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 debts discharged in a Chapter 7 within the past eight years cannot re-file.
Consult Houston Bankruptcy Attorneys
Seeking the advice of a qualified lawyer is strongly recommended because bankruptcy has long-term financial and legal consequences Bankruptcy and debt can have a tremendous impact on families and friends.
A savvy Houston bankruptcy attorney can guide and educate you on the bankruptcy process and what you can expect during and after you file for bankruptcy in Texas. It is best to make decisions based on facts and to be aware of the pro’s and con’s 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 , fill out our form on this page or call us at 713-510-7100. Take advantage of our Free Consultation by contacting us today.