Approachable, Confidential Help With Bankruptcy
If you are considering bankruptcy, you have probably tried just about everything to stay afloat financially. You may feel embarrassed and ashamed, but you do not need to. Bankruptcy happens to many people, and the U.S. bankruptcy law exists specifically to give people like you a chance to start over.
At the Law Office of Andy Nguyen, PLLC, our Arlington bankruptcy attorney understands how people feel when they become overloaded with debt. We will discuss your finances with you in a confidential setting to determine whether filing for bankruptcy is an option for you. We help clients struggling with debt in Arlington, Grand Prairie and across the Dallas-Fort Worth metro area.
Immediate And Long-Term Relief From Crushing Debt
There are several types of bankruptcy. Our law firm can assist you with a specific kind of bankruptcy called Chapter 7, a liquidation proceeding that can provide both immediate and long-term relief from your debt.
- Immediate relief: If you file Chapter 7, or some other type of bankruptcy, you will receive immediate debt relief called an automatic stay. The stay prevents your creditors from continuing to try to collect from you without approval from a bankruptcy court. This is a relief for many people who are being harassed by creditors.
- Long-term relief: At the end of your Chapter 7 bankruptcy proceeding, your unsecured debts such as credit card debts are extinguished, and you no longer have to pay for them. Some kinds of debts cannot be discharged, however, including taxes, child support and alimony.
As part of a Chapter 7 bankruptcy proceeding, a bankruptcy trustee may order certain assets to be sold to pay creditors’ claims. Clients often worry they will lose everything through Chapter 7, but some assets, such as your house, car or qualified retirement accounts, may not have to be sold because they are exempt.
Tarrant County Bankruptcy Lawyer
If bankruptcy is the right option for you, we will explain the bankruptcy process to you and guide you through it, making sure that we keep you updated on the status of your case. Do not wait to seek help because you may be able to preserve some assets.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.