Bankruptcy

CHAPTER 7 & CHAPTER 13 BANKRUPTCY REPRESENTATION

With The Law Office of Magdalena Gonzales by your side, you can take control of your debt and put an end to those annoying calls from creditors. Countless Texans are currently burdened by significant debt obligations that limit their capacity to support their families and enjoy life. You are not by yourself. To make an appointment with Magdalena Gonzales and reclaim your life from crushing debt, dial 210-530-5002.

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CHAPTER 7 BANKRUPTCY

Chapter 7 bankruptcy (sometimes known as liquidation) may be filed in federal court by people who live, work, or own property in the United States.

With Chapter 7 bankruptcy, you can get rid of credit card debt, medical bills, and deficiencies on cars and homes. It also stops creditors from suing you and harassing you with phone calls and letters.

Here are some benefits to Chapter 7 Bankruptcy:

No more harassment from debt collectors
Give you tools to better manage your debt in the future
Discharges outstanding debt

CHAPTER 13 BANKRUPTCY

Individuals with regular income who are momentarily unable to pay their obligations and would like to pay them off over time in payments can file for bankruptcy under Chapter 13 protection. If the combined sum of your secured and unsecured debts falls within a range specified by the Bankruptcy Code, you may qualify for Chapter 13. You must submit a Plan to the Court outlining how you intend to use your future income to pay off all or a portion of your debts to creditors. Typically, the court will give you five years to pay back your obligations, but no less than three. As long as you keep paying your obligations under the Plan, you are free to keep all of your possessions, exempt and otherwise.

Chapter 13 prohibits litigation and repossessions while protecting your home from sheriff sales, foreclosures, and tax sales.
The goal of Chapter 13 is to assist you in negotiating a more reasonable repayment schedule with your creditors.
A court-appointed trustee will gather your monthly payment and distribute the funds to your creditors if the court approves your repayment plan, which might run from three to five years.
The remaining balance of your unsecured debt can be dismissed once the repayment plan is finished.
Stops foreclosure proceedings.
Ability to negotiate bills with your creditors.