Bankruptcy Attorney Houston TX
I offer professional representation in many legal matters, including Chapter 11 Business Bankruptcy. However, I specialize in bankruptcy. Our initial consultation is usually at no cost to you as a client. We will go over all aspects of the case to make sure nothing is missed and to get you the best possible outcome. I have been an Attorney at Law for over 24 years. I use all my experience and understanding of the legal system to give you a substantial advantage in your case. I can help you succeed in an otherwise difficult situation. Jesse Aguinaga Attorney at Law P.C. is experienced in Bankruptcy Law, Real Estate Law and Business Law cases in Houston TX. Call us at (713) 298-9027.
Filing for bankruptcy often has a negative perspective because society sees it as a personal failure. The reality of bankruptcy, no matter which chapter you choose, is that you are creating a new opportunity for yourself. Depending upon your situation, bankruptcy may be able to stop collections or stop foreclosure proceedings. It is more than a chance to be free from your debt. It is an opportunity to end your stress. If you are filing for personal bankruptcy, then your two options are the Chapter 7 process or the Chapter 13 process. Chapter 7 bankruptcy can eliminate most, if not all, of your unsecured debt. To qualify, you must be able to pass a “means test.” This means your income must be low enough to prove that you are unable to repay at least a portion of your debt. If you do not qualify for Chapter 7, then you still have the option of a Chapter 13 bankruptcy. Under this bankruptcy chapter, you are creating a new plan to repay part (or all) of your debt over the next 3 to 5 years. During this time, creditors are not allowed to start or continue their collection efforts.
WHEN TO FILE FOR BANKRUPTCY Most people file for bankruptcy when they have no other financial options left to them. Although bankruptcy should not be your first option when you have debt, it should not be your option of last resort either. If you or your business is struggling with debt or your repayment negotiations have failed, contact us today. I can help you take your first step towards a chance to be free from your debt.
Bankruptcy Business law is a set of laws that govern how corporations, investors, directors, shareholders, employees, creditors, and other stakeholders relate to one another within the framework of the law. Business law deals with all issues that concern businesses, ranging from the incorporation of companies, articles of association, the rights of shareholders and directors, board meetings, secretarial matters, and other relevant issues. Bankruptcy Business law also covers issues such as employment law issues, product liability, contract disputes, intellectual property management, and more. Bankruptcy Business law usually requires an experienced lawyer that specializes in the different areas of business law to handle different specialties like employment, contracts, and business issues.
Chapter 7 Bankruptcy Basics Are you having a hard time paying your bills? If so, then you should start learning about the Chapter 7 law, which is all about bankruptcy. This legal process can help you to be free from unsecured debts. I will help explain how long the process takes, what happens to your assets, whether you are eligible, and what actions you need to take right away. How long does it take and how can you qualify for it? First of all, the Chapter 7 law can take 4-6 months, although you may only need to go to the courthouse once. You also need to prepare the money that you will use for paying the administrative and filing fees. Those who qualify for Chapter 7 usually have a lot of debt to pay, have been receiving collection notices, do not own a lot of property, have an income that is insufficient to pay off their bills, and whose credit is below-stellar. Your income should not exceed a certain amount of your debt. If yours does, then you need to pass the so-called “means test”. The test is based on your income and can help determine if you are indeed not capable of paying your debt or not. After passing the test, there is also a need for you to complete a course on credit counseling. On the other hand, the court may decide to dismiss your case if they think that your goal is to lie to your creditors or if you have already filed bankruptcy within a certain time frame.
How to file for Chapter 7 Bankruptcy First, you should analyze the debts that you have and then determine what properties you will keep after filing. The next step would be to ensure that you are eligible. Oftentimes, it depends on the kinds of debts that you have, how much your debt is, and your income. After that, you would be asked to decide whether you want to pay the creditor something else of the same value as the property that you used as collateral if you want to keep it, agree to new terms, or allow the creditor to take it. Then, you would need to fill out the bankruptcy forms and then file them. Soon, you will be asked to attend a meeting. Of course, before your case is closed, you need to file objections if you have any. The chapter 7 law is not for everyone, as it was created to serve as a protection for those who need it. So, if you think that you are qualified for it, then there is no reason for you not to file for it. Who knows, it might pave the way for you to free yourself from the debts that you have.
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