El Paso, TX – Filing for bankruptcy in the state of Texas is similar, in many ways, to filing in other states. Bankruptcy courts are governed by federal law, as opposed to state law, and as such, the procedure itself tends to be pretty similar all over the United States. However, each state gets to
Remember, your lawyer will work with you to ensure you keep as much of your property as you legally can.
Do not attempt to hide assets from the courts, as this may result in your case getting thrown out, and you being charged with bankruptcy fraud.
If you’re reading this, chances are you already consider yourself a good candidate for filing for bankruptcy.
In broad terms, Chapter 11 bankruptcy is viewed as “business bankruptcy”, as opposed to filing for bankruptcy as an individual.
It’s normal to be unsure which chapter is right for you – that’s why you should seek the help of a skilled lawyer.
If you’re truly looking for a fresh start, don’t lie. Be upfront about your financial situation – assets, debts, loans, wages.
A common mistake debtors make is trying to conceal their assets before filing for bankruptcy.
One of the first things your Indiana bankruptcy lawyers will advise you to do is gather all the necessary documents.
It can be a complex and challenging process, but it is essential in situations where changes in circumstances require adjustments to the agreement.