San Marcos Bankruptcy Lawyer

Have you been dealing with overwhelming debt that seems to loom over your life and is impossible to pay off? Are you a business owner that has been struggling with debt and face the harassment of creditors on a daily basis? Bankruptcy can be a legal process that provides some debt relief to individuals who are suffering from overwhelming debt. Working with a knowledgeable bankruptcy attorney can provide you with help filing for bankruptcy and representation in the case of collection lawsuits and other creditor problems. The Law Offices of Marc Duxbury is a trusted law firm that will connect you with a San Marcos bankruptcy attorney and fast.

Working With A Bankruptcy Attorney in San Marcos

When you need to sit down with a local San Marcos bankruptcy attorney to discuss your case, you won’t find a more dedicated law firm than The Law Offices of Marc Duxbury. Finding that bankruptcy lawyer you can trust may not always be a fast or easy process, but San Marcos residents know they can turn to us because of our years of experience and handling over thousands of bankruptcy cases. We offer cost-effective expertise, so you get the big firm experience at a boutique price. A San Marcos bankruptcy lawyer from our firm offers unmatched legal knowledge and will always see your case through from start to finish. We will be in your corner every step of the way, offering representation for any troubles that present themselves as we look into your possible debt relief through bankruptcy.

How Can I File For Bankruptcy? And Bankruptcy Chapters

Are you looking for professional help filing for bankruptcy? Looking to consult with a bankruptcy lawyer in San Marcos as soon as possible to discuss your case? The basic steps to getting started on discussing the possibility for filing for bankruptcy include:

Schedule A Consultation

First thing’s first, schedule a consultation with our law firm. One of our attorneys will meet with you in a timely manner.

Discuss Your Financial Situation With An Expert

During consultation, your financial situation will be thoroughly examined by one of our attorneys. Questions that may be asked include: What debts have you acquired, why has repayment been difficult, and will you be able to repay those debts within a certain time frame? Do you have a steady stream of income?

Review All Financial Options

The next key step is to review your financial options with one of our attorneys. This may also mean exploring non-bankruptcy options, such as debt negotiation or a settlement. Bankruptcy doesn’t have to be the final step for all individuals, and one of our attorneys will determine if this is the right step for you. A professional bankruptcy legal expert will make sure to review all options, being realistic and giving you possible outcomes and further legal advice.

Create a Debt Relief Plan

The final step is discussing a debt relief plan. If the best choice for your situation is to file for bankruptcy, then one of our professional attorneys will assist you. If you are dealing with a number of conflicts from debt, such as wage garnishment, repossession, liens, and creditor harassment, our attorneys can help fight these petitions and allow you to gain back the money needed for living expenses, while we formulate your debt relief plan. We can also offer much-needed legal representation in the event of any collections lawsuits coming your way. If you are considering a divorce bankruptcy attorney because you and your soon-to-be ex spouse are looking into options for filing for bankruptcy jointly, we will also work with you.

Bankruptcy Chapters

If going bankrupt seems like the most feasible step in your debt relief plan, one of our professional attorneys will assist you. There are a few chapters of bankruptcy that an individual or business can file for. We are also a corporate bankruptcy law firm dedicated to helping businesses with debt relief. Here are the more common types of bankruptcy individuals and businesses can file for:

Chapter 7 Bankruptcy

Chapter 7 bankruptcy consists of a court-appointed trustee liquidating all of the debtor’s nonexempt property (as a debtor, you can file to exempt: houses, cars, life insurance, etc.) and sending the funds acquired to the creditors. Chapter 7 bankruptcy is considered a low cost bankruptcy, which is beneficial if you have lost your main source of income or are not able to repay debts within a certain timeframe. This is a recommended bankruptcy chapter for many because you don’t have to lose all your assets, and any charges after assets are liquidated may possibly be discharged.

Chapter 11 Bankruptcy

Chapter 11 business bankruptcy (also considered corporate bankruptcy) is filed by businesses or individuals who want to keep their business open and still operating. The business compiles a payment plan that is court-approved and supervised by a court-appointed trustee. This business bankruptcy chapter can allow for businesses to stay open while reducing assets and other finances for payment. This is known as a reorganization chapter of bankruptcy.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy allows debtors to repay a hefty portion of their debt within 3-5 years. While in this chapter, collectors of debts are not allowed to attempt full collection, which can give many individuals a break from creditor harassment and other attempted collection lawsuits. What’s the difference between chapter 13 and chapter 7 bankruptcy? The biggest difference is individuals who want to qualify for chapter 13 bankruptcy must show proof of a reasonable income.

Contact The Law Offices of Marc Duxbury

Are you looking to obtain some sort of debt relief? Looking to learn more about bankruptcy? Consult with a bankruptcy lawyer from The Law Offices of Marc Duxbury. We will focus on your case and exhaust all your financial options. If you need help filing for bankruptcy and don’t know where to start, we’ve got you covered. Contact our trusted San Marcos bankruptcy law firm to get started today.