Table Of Contents
- 1 Understanding Bankruptcy in Tyler, Texas: A Guide from Your Local Holly Heights Bankruptcy Lawyer
- 2 Types of Bankruptcy Available in Tyler, Texas
- 3 How Holly Heights Bankruptcy Lawyer Can Assist You
- 4 Frequently Asked Questions
- 5 Local Resources for Tyler, Texas Residents
- 6 Building a Trustworthy Bankruptcy Plan
Understanding Bankruptcy in Tyler, Texas: A Guide from Your Local Holly Heights Bankruptcy Lawyer
If you’re facing financial difficulties in Tyler, Texas, and considering bankruptcy, you’re not alone. Many people in our community face these challenges. Seeking guidance from a helpful and informed source can make a significant difference in navigating your options. Holly Heights Bankruptcy Lawyer understands the unique needs of Tyler residents and is here to help guide you through the process with empathy and expertise.
Types of Bankruptcy Available in Tyler, Texas
Filing for bankruptcy is a decision that can provide a fresh start by discharging debts or creating a manageable payment plan. In Tyler, Texas, individuals primarily consider two types of bankruptcy: Chapter 7 and Chapter 13.
- Chapter 7 Bankruptcy: Known as liquidation bankruptcy, this type allows you to discharge most of your unsecured debts like credit card balances and medical bills. To qualify, you must meet certain income restrictions under the U.S. Trustee’s Means Test.
- Chapter 13 Bankruptcy: Often referred to as a wage earner’s plan, Chapter 13 allows individuals with regular income to develop a plan to repay part or all of their debts over three to five years. This is often the route for those wanting to protect their home from foreclosure. Find more about the guidelines on the U.S. Courts website.
How Holly Heights Bankruptcy Lawyer Can Assist You
At Holly Heights Bankruptcy Lawyer, we offer personalized service to help you understand whether Chapter 7 or Chapter 13 bankruptcy is the best option based on your circumstances. Our goal is to alleviate the stress associated with financial woes by providing clarity and actionable steps.
Steps to Begin Your Bankruptcy Process
- Assessment: The first step is to evaluate your financial situation. Holly Heights Bankruptcy Lawyer will review your income, expenses, debts, and assets.
- Counseling: We’ll provide you with mandatory credit counseling, which helps think through budgets and debt management.
- Filing: Whether Chapter 7 or Chapter 13, we will help prepare and file your bankruptcy petition and accompanying schedules with the United States Bankruptcy Court.
- Representation: We’ll represent you throughout the process, attending court hearings and negotiating with creditors on your behalf.
Frequently Asked Questions
| Questions | Answers |
|---|---|
| Will bankruptcy stop collection calls? | Yes, once you’ve filed for bankruptcy, most creditors are required to stop contacting you about the debt. |
| Can I keep my car if I file for bankruptcy? | In most cases, you can keep your car by reaffirming the debt or redeeming the car in Chapter 7, or by continuing payments in Chapter 13. |
| How long does bankruptcy remain on my credit report? | Chapter 7 remains for 10 years from the filing date, while Chapter 13 remains for 7 years. |
Local Resources for Tyler, Texas Residents
Here is a list of local resources available for those dealing with financial difficulties in Tyler, Texas:
| Resource | Contact Information |
|---|---|
| East Texas Human Needs Network | ethnn.org |
| Texas Legal Services Center | tlsc.org |
Building a Trustworthy Bankruptcy Plan
Choosing the right bankruptcy path is crucial and Holly Heights Bankruptcy Lawyer prides itself on making this choice easier for Tyler, Texas residents. You deserve a plan that provides peace of mind and a fresh start. Our firm operates with a commitment to trustworthiness and reliability, ensuring that you feel supported every step of the way.
When you’re ready to take control of your financial future, the friendly team at Holly Heights Bankruptcy Lawyer is ready to help. Contact us at 5620 Old Bullard Rd Ste 105, Tyler, TX 75703, or give us a call at (903) 581-9961. Begin the journey towards financial stability and relief with a team that truly cares about your well-being.
