Tyler Bankruptcy Lawyer
An unforeseen medical emergency or the loss of a job can have a profound impact on a family’s finances. As debt mounts, it is not uncommon for families to feel overwhelmed and helpless. Fortunately, the bankruptcy process is there to provide an opportunity to get out of debt and get a fresh financial start.
I am attorney Joe Thigpen. For more than 30 years I have represented clients in Tyler, Texas in need of debt relief.
Is Filing For Bankruptcy Right For You?
What many people do not realize is that filing for bankruptcy does not mean that you are going to jail or that you will automatically lose your home or your automobile. In fact, Texas has very generous state bankruptcy exemptions, which means that, in many cases, families can keep their homes. Furthermore, once a person files for bankruptcy, he or she receives what is called an automatic stay. This means that creditors stop calling and are unable to take further collection action.
In most cases, individuals can choose whether to file for Chapter 7 or Chapter 13 bankruptcy. Chapter 7 bankruptcy is generally known as a liquidation: a court-appointed trustee orders a sale of a person’s nonexempt assets to pay creditors as much as possible. Chapter 13 bankruptcy is generally known as a reorganization: filers agree to pay creditors over a three- or five-year period. In either situation, debt is wiped out after the process is complete.
At my firm, I provide each client with straightforward legal advice tailored to his or her individual circumstances and goals. I understand that filing for bankruptcy can be difficult and I strive to make the process as quick and easy on my clients as possible. When going through a challenging time, it is important to remember that your choice of lawyer does make a difference.
Call Today For An Initial Consultation
If you are in significant debt and would like to learn more about whether filing for Chapter 7 or Chapter 13 bankruptcy is right for you, fill out my contact form or call 903-266-1417 today to schedule an initial consultation about your case.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.