Chapter 13 Bankruptcy Lawyer
There are many reasons for declaring bankruptcy, and financial hardship can happen to anyone – all the more reason to get in touch with a Chapter 13 bankruptcy lawyer Dallas, Texas residents recommend. The right bankruptcy lawyer can walk you through any potential financial difficulties you may experience, and he or she can also help you find your path out from under debt.
At Leinart Law Firm, we understand how overwhelming bankruptcy may be – but we also know that it’s not the end of the road. Bankruptcy can be a new beginning. If you’re curious to learn more about how a Dallas Chapter 13 bankruptcy lawyer can help you, read on to see a few examples.
Divorce
It’s no secret that a divorce can cause serious financial difficulties for one or both parties involved. Not all marriages work out, and unfortunately not all couples have the money to keep themselves afloat after they’ve split up. When you get in touch with a bankruptcy lawyer, you get a qualified legal resource who can help you get out from the debt that your ex may have accrued in your name.
Foreclosure
Financial difficulties can mean housing difficulties as well. If you’re unable to pay off your mortgage or rent, you’re in danger of being evicted, and eviction means potentially being forced to live on the streets. When you’re toeing the line between eviction and being able to hold onto your housing, it’s important to consider whether bankruptcy can give you the monetary leeway you need to keep yourself sheltered and safe.
Repossessions
Transportation is a necessity if you want to be able to clock in for work and collect your paychecks – and those paychecks are a necessity if you want to be able to pay off your mounting debts and financial obligations. Unfortunately, it’s common for people to fall behind on some (or all) of their payments, and in a shaky economy it’s never certain whether those paychecks will keep coming. Declaring bankruptcy can help you hold onto the vehicle that is your lifeline to financial stability.
When it comes to escaping debt, bankruptcy can seem like an enticing option. However, it’s important to consider your options when declaring bankruptcy, and it’s important to remember that bankruptcy isn’t the “get out of jail free” card that it may seem like on the surface.
When you declare Chapter 7 bankruptcy, you have to liquidate some – or ALL of your assets to pay off your creditors. When you declare Chapter 13 bankruptcy, you’ll have to develop a repayment plan that ensures you pay off all your creditors within a certain period of time. In both cases, you’ll be looking at severely damaged credit, and a difficult couple of years while you clear your debt – and your name.
The professionals at Leinart Law Firm are standing by to answer your questions. Reach out to us today to learn more about how a Dallas Chapter 13 bankruptcy lawyer can help.
