South Texas Bankruptcy Attorney

Serving Corpus Christi, McAllen, Brownsville and Harlingen

Deciding What Chapter is Right for Me

It is hard enough these days to keep your job, your home and your credit.  With the deep recession, high unemployment and difficulty working with the banks, most individuals find it difficult to keep above water.  There are many reasons for financial problems.  Loss of a job can take necessary income away, an injury or illness can create mounting medical bills, adjustable mortgages can increase one's monthly house payment and an untimely divorce can be very costly and stressful.  All of these things can contribute to bills going late and overdue.  The stress from any one of these problems can make it so you do not know which way to turn.   One finally starts looking at various solutions, including possible bankruptcy protection. If you find yourself at this point in your life where you need some legal assistance, contact a bankruptcy attorney in Corpus Christi, McAllen, Brownsville, Harligen, for the Malaise Law Firm to discuss your situation.  The lawyers at Malaise will go over the various options with you in easy to understand terms.  They have all the facts so that you can make a sound decision which you know will help you in future years to come.

Congress has passed federal laws so that individuals can file either a Chapter 7 or Chapter 13 bankruptcy, depending on their specific circumstances.    An experienced bankruptcy lawyer will be able to help you determine which type of bankruptcy will be best for you.  It is strongly suggested that you meet with us for a free initial consultation so that we can go over your particular financial situation.  From this meeting it can be determined if you need to file a bankruptcy or not, and if so, which type you would qualify for.

Which type of bankruptcy you decide on will depend on your financial condition and how many assets you have.   Typically, Chapter 7 is reserved for people who have few assets and do not have a steady income to cover their bills.  In this type, many assets are liquidated to pay creditors.  The person filing Chapter 7 must meet a "means test" to show whether they have the means to repay their debt or not.  They must pass this test and an income threshold in order to qualify.

On the other hand, a Chapter 13 bankruptcy is for those people with a steady income who can make regular monthly payments toward a repayment plan.   In this case, assets can be kept, possibly even your home.   The repayment plan in this case can take from 3 to 5 years. 

Consult a South Texas Bankruptcy Lawyer

With highly experienced bankruptcy lawyers throughout Corpus Christi, McAllen, Brownsville, and Harlingen, our firm provides you with dedicated and caring attorneys who have the expertise you need at a difficult time in your life.  Our legal staff understands the stress and worry you are likely being subjected to and we can assure you that once you file for bankruptcy, any creditors calling you will stop immediately.  Don't delay; get the relief you need by scheduling your free initial consultation.

Contact the Malaise Law Firm to discuss which bankruptcy option is best for you.