Not every individual in financial distress needs to file for bankruptcy to reorganize their finances. However, when suitable - bankruptcy can provide a fresh start.
Bankruptcy claims are filed in the Federal Court System as a solution to insolvency. There are various types of bankruptcy and reviewing your finances, assets, and delinquencies with a qualified and experienced attorney can help you determine the best course of action to resolve your financial issues.
For a confidential consultation or information on how Stasio & Stasio can put over 50 years of combined legal experience to work for you, call us at 817-332-5113.
Filing for bankruptcy is no easy task. If you want to experience all of the benefits and would like to reduce all negative consequences of filing, it is crucial that you properly file your petition and that you ensure the full protection of your legal rights, financial interests and property through the bankruptcy process.
Two of the most well known types of bankruptcies are Chapter 7 and Chapter 13. A Chapter 7 bankruptcy is filed by an individual and a trustee assigned to the case assists in determining which assets will be liquidated and which are exempt in paying off debts and creditors. In a Chapter 13 bankruptcy, the individual expects to have future income allowing him to pay off debt within a 3-5 year time period.
This is best achieved by working with a Tarrant County bankruptcy lawyer.
Learn More About Bankruptcy by visiting the Bankruptcy page.
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