WHAT IS BANKRUPTCY?

Bankruptcy is a one of several options that are available to someone that needs help in getting out of debt. In a Free Debt Consultation, we go over all the options available to someone for getting out of debt. If you would like to a Free Debt Consultation, then call me at 210-930-7000 to schedule your consultation.

Bankruptcy is a legal proceeding in which a person who cannot pay his or her bills can get a fresh financial start. Bankruptcy is a way for a person or a business that owes more money than they can pay to either (1) work out a plan to repay the money over time, or (2) have their debt wiped out. While no debtor is guaranteed a total debt relief, most debtors who file for bankruptcy are given such relief. One of the primary purposes of bankruptcy is to relieve the honest debtor from the weight of oppressive indebtedness and to provide the debtor with a fresh start. Filing bankruptcy stops all of your creditors from seeking to collect debts from you, at least until your debts are sorted out according to the law.

The right to file bankruptcy is guaranteed by the U.S. Constitution, and the law is set forth in the U.S. Bankruptcy Code. Just like a book, the Bankruptcy Code is organized into Chapters. There are two basic types of bankruptcy available to consumers, and they are found in Chapter 7 and Chapter 13 of the Bankruptcy Code.

Call 210-930-7000 to set up a FREE Consultation that is totally confidential.

Discover all your options, and see how bankruptcy might benefit you.

You have nothing to lose because the consultation is free.

Just call 210-930-7000.