Financial challenges are stressful and can make you feel helpless. If you are getting frequent calls from creditors, have missed several payments, or are coping with other financial challenges, bankruptcy may be the ideal option for helping you pursue a financial fresh start.
Designed for individuals with lower income and high debt, Chapter 7 bankruptcy eliminates most types of debt to give the debtor a fresh start. Some debts, referred to as priority debts, cannot be discharged. These include debts such as back child support. Other debts, including doctor bills and credit card bills, are dischargeable and will be completely eliminated by Chapter 7 filing.
Eliminate your debt with Chapter 7
More appropriate for those with higher incomes and larger assets, Chapter 13 bankruptcy is designed to allow for the restructuring of debt. After evaluating your debts and your assets, some debts may be eliminated while others will be combined into a repayment plan.
This plan is meant to fulfill your debt over the course of 3 to 5 years. Rather than paying multiple debts each month, a single payment is made to a trustee who then pays the creditors as dictated by the plan.
Restructure your debt with Chapter 13
Let our over 30 years of experience give you confidence when you are ready to take control of your finances.
The only option for large businesses wanting to remain in business even after filing for bankruptcy, Chapter 11 is also an option for small businesses and individuals wishing to protect at-risk assets.
This type of bankruptcy preserves assets, restructures debts, and offers you greater control over the administration of assets throughout the bankruptcy process. This is a more complex option but offers businesses and individuals an alternative to selling off all assets to fulfill debts.
Protect your assets with Chapter 11
Get in touch with us for a personalized consultation so you can find out more about bankruptcy and get honest recommendations as to whether filing is the right option for you. You can feel confident knowing that we do not always recommend bankruptcy to all clients. Instead, our friendly, knowledgeable staff carefully evaluates your case and helps you determine if there is another alternative available, or if filing is your best choice for regaining financial control.
Our specialties include:
Auto accidents
Personal injury matters
DUI
Wills
Powers of attorney
living wills
trusts
Probate of estates
Family law
Real estate
From workers compensation and wrongful death, to conservatorships and adoptions, we have experience you can trust. Let Jim Wheeler meet all of your legal needs and be your go-to source for justice. Contact Law Offices of James R Wheeler today to schedule a one-on-one consultation.
Experienced attorneys, David A. Hampton and Michael D. Newman know the impact an injury can have on individuals and their families. With a passion for justice they will listen to your case and provide sound advice and guidance in an effort to recover damages.
We can help you with a variety of injuries including:
• Motor vehicle accidents
• Mining accidents
• Oil field accidents
• Wrongful death
• Animal bites
We can also assist you with your workers compensation claims and provide criminal defense.
Call today for your free consultation.
Corpus Christi criminal and family law attorney David W. Phillips handles cases related to DWI, probation and parole revocation, divorce, personal injury, sexual harassment, truck and car accidents, & more.
Practice Areas:
- Criminal Law
- DWI
- Probation and Parole Revocation
- Family Law
- Divorce
- Sexual Harassment
- Employment Law