My Law Firm Represents Financially Distressed Debtors
Helping you find debt relief
Filing for bankruptcy is an important decision that has significant implications for your life. But when mounting debt begins to feel unmanageable, bankruptcy may provide necessary relief for a fresh start. Together, we’ll review your financial situation and determine whether filing for bankruptcy is the most effective way for you to take control of your debt.
Negotiators of debt relief options
Bankruptcy is not your only option. I also work with creditors to develop out-of-court solutions that avoid bankruptcy. We may seek to negotiate a smaller debt amount payable in more manageable monthly installments.
I assist people with overwhelming debts. We’ll review together your debts, income and expenses, and discuss the effects of bankruptcy. If bankruptcy is the right choice, we’ll discuss the bankruptcy filing and case administration process you should expect.
Reprieve through federal bankruptcy automatic stay
Generally, the filing of a bankruptcy petition automatically triggers federal law protection of an automatic stay, meaning creditors must immediately stop collections actions, letters and phone calls.
Your bankruptcy options
The U.S. Bankruptcy Code provides relief for businesses and consumers. Each has different eligibility requirements and different advantages in particular situations. My law firm represents eligible debtors in Chapter 7 and 13 bankruptcy cases:
- Chapter 7 bankruptcy: For individuals and their spouses who own fewer assets and earn smaller incomes, Chapter 7 bankruptcy grants you relief from qualifying unsecured debts through liquidation of any existing non-exempt assets.
- Chapter 13 bankruptcy: An reorganization option for debtors, including those facing foreclosure, or whose incomes are considered sufficiently high enough to have the means to pay creditors at least a percentage of the debt owed. Chapter 13 bankruptcy permits you to pay off debts under a court-ordered installment plan which may extend three to five years.
Contact an experienced bankruptcy attorney
Take your first steps toward debt relief today. Call Pedro V. Hernandez, Jr. at 210.920.6347 or contact my office online for a bankruptcy consultation.