North Texas Lawyers for Chapter 7 or Chapter 13 Bankruptcy

While the worst of the economic downturn of 2007–08 seems to be behind us, many individuals and families continue to face severe financial problems related to mortgage arrearages, credit card debt, medical bills, divorce or job loss. To find out how experienced attorneys can help you understand your legal and financial options, contact Gibbs Nolte Robison Rose, PLLC, in McKinney.

If you and your family are dealing with chronic or acute financial pressures, it makes sense to discuss your financial situation while you still can choose from a range of alternatives. The longer you wait, the more likely you are to find yourself painted into a corner with bankruptcy being your only remaining option. Whether or not filing for bankruptcy relief right now represents a sound solution for your debt problems, an experienced attorney’s advice can help you with the tough choices you need to make across a range of circumstances.

At Gibbs Nolte Robison Rose, our North Texas bankruptcy attorneys take a comprehensive look at each client’s financial condition and objectives. Then we explain your options and help you craft a strategy that makes the best sense for your specific circumstances. We’ll help you understand the different forms of bankruptcy, the considerations that apply to each and what you can expect to encounter in the debt relief process if you choose to go forward with bankruptcy.

Chapter 7 Bankruptcy Is the Most Complete Form of Debt Relief

If they can meet the eligibility requirements, most people will choose the relief available under Chapter 7 if there’s no way to avoid bankruptcy. Chapter 7 allows people to discharge most kinds of unsecured debt, including most credit card obligations, medical bills and, in many cases, personal liability on small business loan guarantees.

Chapter 7 is also the fastest way through the bankruptcy process. Most people will complete their cases in only four to six months. Our experienced bankruptcy lawyers can help you understand and avoid the complications that can delay or frustrate a bankruptcy case.

Not everyone can file under Chapter 7, however. You need to meet the eligibility standards, the most important of which is an adjusted household income that is below the Texas state median. We can let you know right away whether you will qualify for Chapter 7 bankruptcy relief.

Chapter 13 Bankruptcy Can Also Solve Many Debt Problems

Because Chapter 13 involves paying a portion of the debts that would otherwise be completely eliminated in a Chapter 7 case, most people prefer to file under the latter chapter if they can. Nevertheless, Chapter 13 not only offers debt relief and protection from creditors — it also gives people the chance to spread out payments on debts like mortgage arrearages, back taxes or student loans over time.

Whether you file under Chapter 7 or Chapter 13, some of the benefits of bankruptcy start right away. None of your creditors can continue to collect debts as of the date of the bankruptcy, whether through phone calls, letters, garnishment, attachment or litigation, except when they receive special permission from the bankruptcy court.

In addition to our normal business hours, we offer weekend and evening consultations by appointment.

Find out more about your ability to protect assets, discharge indebtedness and work out arrangements for obligations that cannot be discharged. Contact the North Texas bankruptcy attorneys at Gibbs Nolte Robison Rose in McKinney for a free consultation.

The bankruptcy lawyers of Gibbs Nolte Robison Rose, PLLC, in McKinney work with individuals and families throughout North Texas on debt relief issues, including Chapter 7 and Chapter 13 cases in the U.S. bankruptcy court for the Northern District of Texas.

We are a debt relief agency. We help people file for relief under the U.S. bankruptcy code.

Contact a Skilled McKinney, Texas Bankruptcy Lawyer Today

To schedule a confidential consultation to discuss your case with a distinguished McKinney Texas bankruptcy attorney, please call (972) 725-1307 or fill out our online form and we will contact you to schedule a consultation. Your finances are too important to trust to a less experienced lawyer.

In addition to our normal business hours, we offer weekend and evening consultations by appointment.