Landolt & Associates
Bankruptcy Employment Entertainment Attorneys
* Chapter 7 and Chapter 13 Bankruptcy
* Employment Law
* Entertainment Law and Literary Representation
The current economy has impacted everyone, and millions of people are
struggling with financial problems they never anticipated. Bankruptcy is a
way for individuals and business who are overwhelmed by debt to discharge
their debts or reorganize their debts and start fresh. Bankruptcy is governed
by the federal law found in Title 11 of the United States Code.
Bankruptcy is designed to help people like you who are struggling with the
following:
- Medical Bills
- Credit Card Debt
- Home Foreclosure
- Car Repossession
- Lawsuits and Garnishments
- Unemployment and loss of income
- Student Loans
- Divorce
- Creditor Harassment
- Problems with the IRS
There are two types of consumer bankruptcy that can help you get back on your feet:
* Chapter 7 Bankruptcy:
If you qualify for Chapter 7 Bankruptcy, you will be able to wipe out (liquidate) all of your unsecured debt such as credit cards, medical bills, pay day loans, personal loans, and more. Eligibility for Chapter 7 is based on a government formula called the "Means Test" that compares your income and expenses to the IRS Standards.
* Chapter 13 Bankruptcy:
Almost everyone can qualify for Chapter 13 Bankruptcy to reorganize your debts and make them more manageable. Chapter 13 was designed by Congress to stop foreclosures and repossessions and help you get caught up on your mortgage and car payments by putting them into a payment plan over the course of three years or five years. Depending on your income and expenses, you may be able to eliminate all or part of your unsecured debt, including credit cards, medical bills, pay day loans, personal loans, and more. Any remaining debt can also be put into the monthly plans and made more manageable by allowing you to pay it off as part of the three or five year plan. You can also put back child support and IRS Tax debt into the payment plan.
Options If You Own Your Own Business
If you own your own business and are struggling with debt, be sure to contact us about your options under a Chapter 7 Bankruptcy where you can liquidate your debt (and close the business) or a Chapter 13 or Chapter 11 Bankruptcy that can reorganize your debt to make it more manageable while you continue to operate the business.
Landolt & Associates
5601 Bridge St #336
Fort Worth TX 76112
Tel: 817 291-3999
E-mail: contact@landoltlawoffice.com
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