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The Clark County, TX Bankruptcy Law Firm You Can Trust

Bankruptcy Lawyer, Clark County, TX

Don’t fight alone! You have options when it comes to bankruptcy. Call us today!

Everyone experiences financial hardship at some point in their lives. Bills pile high while income seems to remain stagnant. Without a firm grasp on how to end this cycle, it continuously gets worse. Sometimes, the only solution is to file for bankruptcy.

While plenty of negative connotations are associated with bankruptcy, it can also offer a silver lining. The best way to file is with an experienced and trustworthy bankruptcy lawyer.

Cain Law Office is a premier bankruptcy and estate planning law firm serving Clark County, TX and surrounding areas. We can handle all of your questions and concerns when it comes to navigating filing for bankruptcy.

It may feel as though you’re on this journey alone, especially when you are getting call after call from creditors. With a strong legal plan tailored to your specific situation, you can get through filing bankruptcy and back to your life.

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Get Your Questions Answered - Call Me For Your Free, Phone Consultation | (210) 761-5002

Am I A Good Candidate For Bankruptcy?

Bankruptcy Lawyer, Clark County, TX

Under the large umbrella of bankruptcy, there are three prevalent types: Chapter 7, Chapter 11, and Chapter 13. Each type comes with advantages and disadvantages. Determining whether or not bankruptcy is a good decision for you depends on a few factors.

Typically, there are different types of bankruptcy, each utilized for a specific purpose. Various criteria make you eligible or ineligible for a specific type of bankruptcy.

The best way to determine if you are a good candidate for bankruptcy is to speak with a bankruptcy lawyer. With this guidance, you can also determine which type of bankruptcy would be best for you.

What Are The Different Types Of Bankruptcy?

Bankruptcy is a measure to handle outstanding debts. With the help of an experienced bankruptcy attorney, you can ease your financial burdens through debt reconciliation negotiations.

Typically, bankruptcy can help you with personal and business debts.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is commonly geared toward improving personal financial situations. Often, creditors will try to intimidate you into making balloon payments that are not in your best interest and do nothing for the principal balance you may owe. Instead, you are looped into making payments on interest, which really gets you nowhere.

Cain Law Office can help alleviate that strain through negotiations with your creditors. Generally, forgiveness of outstanding medical bills, credit card debt, and unsecured loans are all up for negotiation under Chapter 7 Bankruptcy.

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Get Your Questions Answered - Call Me For Your Free, Phone Consultation | (210) 761-5002

Bankruptcy Lawyer, Clark County, TX

Chapter 11 Bankruptcy

Although mainly utilized for business purposes, Chapter 11 Bankruptcy also has its place in personal finance.

This form of bankruptcy is more concerned with restructuring debt repayment than completely eradicating it. Repaying debt is tied to a business's future profits. However, this type of bankruptcy can also be used in personal bankruptcy.

Taking this route ensures that assets are protected from creditors. For instance, if you are facing foreclosure and file a Chapter 11 bankruptcy, the foreclosure process is immediately stopped.

During this time, your bankruptcy attorney can help you develop a strong plan of action to conquer your debt issues.

Chapter 13 Bankruptcy

Much like Chapter 11 bankruptcy, Chapter 13 bankruptcy centers around debt repayment, which is done through debt consolidation.

While the repayment negotiations still center around payments stemming from future business profits, you could still keep some assets deemed exempt. You could also discharge many of the same debts as you would in a Chapter 7 bankruptcy filing.

A key difference in Chapter 13 bankruptcy is that instead of paying your creditors directly, you pay a trustee appointed by the court. The trustee then remits payments to the creditors over a five- to seven-year period.

Cain Law Office: Helping Clark County, TX Residents Conquer Debt

Make a better way today and get started on your bankruptcy action plan!

Are you seeking a bankruptcy court attorney in Clark County, TX, to answer your debt questions? Cain Law Office takes a compassionate approach to handling your bankruptcy needs.

You may be worried about how bankruptcy will affect your future financial goals or whether you’ll be able to keep up with your current financial responsibilities. Our firm can answer all of your questions in a consultation.

Don’t wait any longer! Get back to living your life with a custom-tailored plan to ease your debt concerns. Call our firm today at (210) 761-5002 to set up a private, risk-free consultation.

Get Your Questions Answered - Call Me For Your Free, Phone Consultation

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