Sulphur Springs Chapter 7 Lawyers | Chapter 11 Bankruptcy Attorneys
In the aftermath of the "Great Recession," many otherwise responsible Texans have ended up under a crushing weight of debt. Lost jobs and a shortage of economic opportunities have pulled people into debt like it was quicksand.
Immersed in a choking mixture of bills, threats of foreclosure and harassing creditor calls, it is understandable that many people lose hope for a better economic future. But they shouldn't.
At The Moore Law Firm, L.L.P., we offer individuals and businesses in northeast Texas communities, including McKinney and Plano, options for debt relief through personal Chapter 7 and commercial Chapter 11 bankruptcies.
What Is a Chapter 7 Bankruptcy?
Our attorneys are experienced in guiding clients through the fear and financial uncertainty that comes with debt. Chapter 7 bankruptcy requires the indebted party to surrender his or her nonexempt property to a bankruptcy trustee, who converts it to cash and distributes it to creditors.
In response, the trustee discharges the indebted party of all qualifying debts, usually within months. Although Chapter 7 filers must give up some of their assets in exchange for debt forgiveness, they may also keep certain exempt properties, including their primary home, one motor vehicle of up to a certain value, most household items, as well as their pensions and 401(k) savings.
While bankruptcy certainly isn't for everyone, it is often the smartest choice when medical bills, divorce-related expenses and debts related to unemployment become too overwhelming for a person to repay.
Filing for Bankruptcy | Bonham Bankruptcy Lawyers
No longer a dirty word "bankruptcy" is now understood to be a reasonable response to unreasonable circumstances. By filing for bankruptcy, you or your business can eliminate debts you would otherwise be unable to pay, while halting creditor calls.
With your slate cleared of debt, you can concentrate on feeding and sheltering your family, concluding your job search, rebuilding your finances or other important matters.
Protecting the Rights of Creditors | Texas Creditors' Rights
Creditors are often painted as "the bad guys" by bankruptcy lawyers, but that isn't necessarily the case. Our law firm understands that, like people, businesses who are owed money deserve to be paid. When appropriate, we assist creditors in litigation to retrieve assets or payment for assets from delinquent parties.
For more information, or to schedule a consultation with a lawyer, call The Moore Law Firm, L.L.P., in Paris, Texas, at 903-669-1427. You may also contact us online.
The Moore Law Firm, L.L.P., has served clients in Paris, Texas, and surrounding communities since 1893. To learn more about us and our history in northeast Texas, please read our Firm History page.
Let us earn your trust, and your repeat business.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.