Many people seek bankruptcy because they are unemployed, have large medical expenses, have marital problems, or have another unexpected expense. Filing for bankruptcy can be a very emotional time, and many people have questions about bankruptcy procedures in Texas.

The first step when considering bankruptcy is to identify an experienced Texas bankruptcy law firm and work closely with them to set a strategic financial plan. The law firm should offer a free consultation meeting to discuss the credit problem and decide if bankruptcy is the right option. If it is, the firm will begin drafting the petition and ask for your signature. Then a 341 Meeting is scheduled about 30 days after the petition is filed. This meeting is help with a trustee appointed by the court and is usually a fact-finding meeting in which the trustee makes sure everything is in order.

There are several types of bankruptcy that can be filed in Texas. Chapter 7 bankruptcy is sometimes referred to as a straight bankruptcy because it is a liquidation proceeding. In Chapter 7 the debtor will surrender all non-exempt property to a bankruptcy trustee. The trustee will sell off this property and distribute the cash to the creditors. In return, the debtor is discharged from all debts within a few months. In most cases of Chapter 7 Bankruptcy, the debtor has no assets to loose, so it provides the debtor with a quick fresh start.

Another type of bankruptcy is a reorganization of debt called a Chapter 13 Bankruptcy. This type of bankruptcy allows debtors to pay off their debts over a span of three to five years. Chapter 13 is set up for debtors with non-exempt property that they want to keep, or for a person who’s income is sufficient to pay their expenses and pay off their debts.

Usually the way to decide if Chapter 7 or Chapter 13 bankruptcy is to look at the non exempt assets of the debtor. There are several Texas specific exemptions that you can claim when filing for bankruptcy, or you may choose to use the Federal exemptions in your petition. The state exemptions include the following: homestead, personal property, insurance or government benefits, property of a business partnership, tools of trade, and wages or commissions. Consult a Bankruptcy Attorney in Texas for specific information on exemptions.

Offering expert advice and bankruptcy help to consumers and businesses, the experienced attorneys at The Vida Law Firm, PLLC represent individuals and small businesses throughout the Fort Worth, Texas area in all kinds of bankruptcy proceedings. If you or your organization is facing financial difficulties, mounting bills, foreclosure and repossession proceedings, or harassing collection activity, you can rely on their skilled Fort Worth bankruptcy advice.

The attorneys at The Vida Law Firm, PLLC can represent you and your interests to creditors, the trustee, and the court, helping you reorganize debts and make a fresh start. With nearly 70 years of combined legal experience, their attorneys have the skills and experience to guide you or your business through even the most complex Chapter 7, Chapter 11, or Chapter 13 bankruptcy in Fort Worth. To schedule a free initial consultation, contact The Vida Law Firm, PLLC today.

Personal injury refers to injuries to people usually from accidents and also from defective prescription drugs, medical malpractice, diseases or medical conditions due to the negligence of any person or organization. If anyone in the family has suffered an injury, disease or death in such serious circumstances, one should find an experienced personal injury attorney. An experienced personal injury lawyer/attorney can determine whether you have the right to file a case against negligent organization/person or not. Many expert law firms and personal injury lawyers are committed to providing superior client service and legal representation for injury victims.

Practice areas of the injury attorneys in Texas: Some of the areas in which they are providing consultation are car accidents, motorcycle accidents, offshore accidents, product liability, medical malpractice, on the job accidents, head and brain injury, neck and back injury and wrongful death. They also provide legal services in highly complicated cases such as Jones Act claims, real estate litigation and aviation accidents.

The winning factors of the Injury attorneys in Texas: The injury attorneys in Texas offer significant experience, resources and sharp advocacy. The service provided and approach is personalized according to the need of the clients. They have skilled support staff and manpower. They have a legacy of service excellence and strong legal representation to take on the most powerful defendants. You can focus on your recovery and pass on the burden of dealing with injury claim to them and get fast results.

Tips to find a good injury attorney: Research extensively on the internet, look for biographical information and check on their area of expertise. It is also important to check if they belong to personal injury trial lawyers association, and asking for reference from some legal practitioners is also a good way to find a good attorney. It is also very important to find about conflicts of interest before hiring an injury attorney (does that lawyer represent any opposing party?).It is recommended to go through the track record and go through the firm brochure. You can also choose an based on their fee structure (it is recommended to agree for ‘contingency fee’ basis in which the attorney will be paid based on the amount collected.

Admitted to Texas, Arkansas, and Louisiana, personal injury attorneys at Sloan, Bagley, Hatcher & Perry have an impressive track record of success in negotiations and litigation in personal injury law, motorcycle accidents, traumatic brain injury, highway defects, spinal cord injury, burn injuries, drunk driving accidents, trucking accidents, wrongful death.

They retain a staff of highly skilled lawyers, investigators, paralegals, and support staff who work together to help assure the very best possible outcome for your case. They work throughout the nation to assist people who are gravely injured—their partners and staff attorneys are admitted throughout the country and rely on the aggressive, focused case work they perform from their Texas law offices to recover for you in multiple states. They take the law very seriously and do everything they can to help your case.