Bankruptcy Lawyer - Filing Qualifications

Serving Corpus Christi, McAllen, Brownsville and Harlingen

The important question is not so much whether one qualifies for a bankruptcy, as much as whether a bankruptcy is the right choice for you.  Almost everyone qualifies for some form of bankruptcy, but is this the correct option that will handle the financial situation you find yourself in?  An experienced bankruptcy attorney can explain other options if a bankruptcy is not the right choice for you.   Having helped hundreds of clients with their finances, only about fifty percent of them required a bankruptcy filing to handle their financial situation.

In October 2005, Congress passed a "New" bankruptcy law which was intended to make it harder for individuals to file.   However, in our experience, 95% of our clients who qualified before the law, still qualified after the law was passed.   What type of bankruptcy one qualifies for depends on your specific financial problems and really can only be determined through a free initial consultation with one of our bankruptcy lawyers.

Qualifications for Chapter 7 or 13 Bankruptcy

There are distinct differences between the two forms of individual bankruptcy.  Chapter 7 is filed by an individual who has overwhelming amount of debt and no way to pay it.  They usually have an unstable income and do not have many assets, if any.   On the other hand, a Chapter 13 bankruptcy is for people with a stable income and some assets and can go onto a repayment plan for 3 to 5 years to negotiate and pay off specific debts.   Normally, they are allowed to keep their assets and enter a court approved repayment plan.  

The bankruptcy lawyers at the Malaise Law Firm can help you with the entire process.  Our firm has been helping residents of Corpus Christi, McAllen, Brownsville, and Harlingen in South Texas for over 40 years, providing caring and experienced legal assistance to those who need it during this difficult time in their lives.  We look forward to helping you with your financial situation.

Find out if you qualify for one of the bankruptcy chapters by, contacting a bankruptcy attorney at the Malaise Law Firm to discuss your financial situation.