Bankruptcy

Denton County Personal & Business Bankruptcy Lawyers

Chapter 7 Bankruptcy - Chapter 13 Bankruptcy

Are the debts too much to handle? Have you decided bankruptcy may be the only option you have? Its a tough decision to make, but the law recognizes that there are times when filing for bankruptcy is necessary.

At the Morris Legal Group, we have a Texas board-certified bankruptcy attorney in our practice who can explain the process to you, help you determine which form of bankruptcy is best for your circumstances, and help you through the process.

At the Morris Legal Group, we can advise you on the best ways to protect your assets in a bankruptcy.

• A Chapter 7 bankruptcy liquidates most debts and gives the filer a fresh start. Some debts like child support and school loans must still be paid and certain assets can be kept.
   
• A Chapter 13 bankruptcy is usually selected when home foreclosure is imminent or the IRS is threatening collection action. The bankruptcy allows the consumer to reorganize debts and pay them over a specified time between three and five years.

The immediate effects of filing for bankruptcy are:

• No creditor phone calls
• No home foreclosure
• No lawsuits
• No repossessions of cars
• No seizure of bank accounts
• No garnishment of wages

If you need to file for bankruptcy, you will find understanding and legal help at the Morris Legal Group. Contact us today.

If you are a creditor or debtor in a bankruptcy case, the Morris Legal Group can track bankruptcy court actions and help you protect your rights.

Disclaimer: We are a law firm that helps people file for bankruptcy relief under the bankruptcy code. We are a debt relief agency as defined by the Bankruptcy Abuse Prevention Act of 2005.