Bankruptcy
Bankruptcy Attorney in Plano TX
May 7, 2012 | 
Author Bankruptcy is a legal strategy available to individuals or businesses to help them reduce or repay their debts. Depending on the types of assets that you may have, liquidation or reorganization may be the right strategy for you. If you are considering whether bankruptcy is a good option for you or your business, contact the attorneys at the Law Offices of John F. Williams, Jr. to discuss your situation.
Chapter 7 bankruptcy, also called liquidation, involves selling assets in order to repay debts. A trustee, assigned by the bankruptcy court, may sell some of your property in order to pay off your debts. Under Texas law, some types of property are exempt. Many people who file for bankruptcy find that they are able to keep virtually all of their assets. A Plano TX bankruptcy attorney will discuss which assets will need to be sold and which ones you are allowed to keep under Texas bankruptcy law.
Chapter 13 bankruptcy allows a debtor to reorganize his or her assets. Reorganization is a good option for individuals who have income that they can use to make monthly payments. In order to determine if reorganization is right for you, a bankruptcy lawyer in Plano will ask you about your short term and long term financial goals. This information will be used to create a repayment plan that allows you to pay down your debts. Generally, the bankruptcy court will require that you pay back your debts within five years.
Seeking the protection of the federal bankruptcy court is not a solution that works for everybody. Some debts, such as child support or tax-related debts, cannot be discharged in bankruptcy. Contact the attorneys at the Law Offices of John F. Williams, Jr. at 972-527-4500 today to determine if bankruptcy is an appropriate option for your financial situation.
Dallas TX Bankruptcy Attorney John F. Williams Jr.
If you are looking for a high-quality bankruptcy lawyer in Dallas, you need to look no further than the Law Offices of John F. Williams, Jr. This law firm is committed to serving you and providing you excellent assistance in bankruptcy, estate planning, probate, business planning, or wills & trusts. The Dallas law firm fully understands that as the economy suffers, Chapter 7 bankruptcy becomes a common occurrence. It is in your best interest to allow a seasoned Dallas TX bankruptcy attorney to help you navigate through the complexities and subtleties involved in Chapter 7 bankruptcies. Chapter 7 bankruptcies provide you the opportunity to start fresh financially by erasing all of your debts, bills, and other financial obligations. The Law Offices of John F. Williams, Jr. has represented many clients who, like you, have desired this fresh start. This firm will assess your financial situation and help you reach a determination if filing for Chapter 7 is in your best interest.
It is possible that your situation may prevent you from filing for this type of bankruptcy. If your monthly income exceeds certain income levels, you may be ineligible and may then be advised to file for a Chapter 13 bankruptcy, which is centered around debt consolidation or reorganization under federal law. One of the expert Dallas bankruptcy lawyers at this firm will review your entire debt with you and help you determine an appropriate debt repayment plan. Chapter 13 is designed for individuals or families that have a regular source of income and have the means to repay a portion of their debt over time. You can be confident knowing that the attorneys at this firm are straight shooters who will help you determine which type of bankruptcy is appropriate for you. The clients that have been represented by this firm have constantly praised the firm’s professionalism and ability to put them at ease. After all, your future financial security and stability is on the line.
If you require a veteran bankruptcy lawyer in the Dallas area, select one of the attorneys at the Law Offices of John F. Williams, Jr. You can be assured that you will receive the services of an expert attorney who is well-versed in Texas bankruptcy law. Contact this law office at 972-527-4500 today to schedule a free consultation and begin the journey of a better financial future.
Frisco TX Bankruptcy Attorney John F. Williams Jr.
Every day, thousands of Americans face mounting debt and menacing calls from creditors demanding payments that for varying reasons simply cannot be made. When that debt becomes just too much to handle, many consider the protection that bankruptcy can provide. The Law Offices of John F. Williams, Jr. have the most experienced bankruptcy lawyers in Frisco, TX, offering legal consultation on a variety of bankruptcy options.
At the Law Offices of John F. Williams, Jr., you will have access to the leading Frisco TX bankruptcy attorneys, who will become your advocates in the bankruptcy process. Each bankruptcy case is unique and personal, and you will be paired with a lawyer who works best with you to educate you in simple terms about bankruptcy and its implications for you. Your lawyer will guide you through a detailed assessment of your finances and make an expert recommendation on the course of action that is best for you and your long-term financial health.
Chapter 7 bankruptcy, or “straight” bankruptcy, is a solution if you find yourself unable to pay your existing debts. Under the provisions of Chapter 7, upon acceptance of your petition by the bankruptcy court, creditors must stop active debt collection against you. This provides you the opportunity to regain your financial footing and establish a plan for success in your financial future. Chapter 7 also ceases the seizure of certain exempt personal property by creditors, offering you the potential to retain some of your most valuable assets. If you qualify for Chapter 7, within a matter of months you can have your bankruptcy petition filed and the harassment from creditors stopped.
Not everyone is eligible to file for bankruptcy under Chapter 7. If your monthly income exceeds a certain limit or you do not otherwise qualify for Chapter 7, you may be eligible to file for Chapter 13 bankruptcy. Chapter 13 is a consolidation program that allows you to reorganize your debt so that it is easier for you to repay it. Under this program, creditors must agree to take a lower payment from you and allow you to repay your debts over a longer period of time. This alternative to Chapter 7 does not clear your debts, but it can offer more favorable long-term financial outcomes and a greater chance for you to retain more of your valuable assets.
If you are facing bankruptcy, you need protection and want experience and professionalism on your side. Call the Law Offices of John F. Williams, Jr. at 972-527-4500 for a free and confidential consultation.
Posted in Bankruptcy, Bankruptcy Consultation, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Frisco TX Bankruptcy, Frisco TX Law Firm | 
Tags: bankruptcy, bankruptcy assistance, bankruptcy consultation, bankruptcy protection, chapter 13 bankruptcy, chapter 7 bankruptcy, frisco bankruptcy attorney, frisco tx bankruptcy | 
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The Law Offices of John F. Williams, Jr. Offer Bankruptcy Assistance in Garland, TX
Filing for Chapter 13 bankruptcy or Chapter 7 bankruptcy doesn’t have to be a stressful and tedious task. Though it can be very confusing, the Law Offices of John F. Williams, Jr. can help you with all of your Garland TX bankruptcy issues. We will make the whole process as easy and smooth for you as they possibly can. It is our goal to help you through this transition with as little tension and discomfort as possible.
With the extensive experience that we can provide you with, you will be able to feel the relief in no time. We will be able to answer any questions that you may have regarding the process of bankruptcy and help you decide what the best options for you are. John F. Williams, Jr. offers all of Garland TX bankruptcy protection. With the drastic change in the economy over the past few years, more and more people are forced to file for bankruptcy and the people in the Garland, TX area have a great force to stand beside them and help them through the process of overcoming their financial issues.
Understanding the Probate Process in Frisco, TX
When it comes to your last will and testament or any of your estate planning needs, it is critical to rely on a reputable and responsible attorney in the area to ensure your needs are being met and your family is protected, even after you are gone. These matters can be intimidating and confusing as is, and are made more so when there is a probate process involved as well. The trained and knowledgeable Frisco TX bankruptcy attorneys with the Law Offices of John F. Williams, Jr. can stand by your side through this whole process, so you know that your interests are in the best hands possible.
What Exactly is Probate?
Probate is the court-supervised process of locating and determining the value of the assets owned by a deceased individual. This individual is referred to as the “decedent.” The administrator of the deceased’s estate provides the court with a list of assets, as well as pays the decedent’s final bills and all estate taxes. The remainder of the decedent’s assets is distributed amongst his or her heirs, according to the provisions regulated in the will. Our expert attorneys will better explain this process, which can be extremely daunting, especially if you’ve never been through it before.
Dealing with the Courts
Whenever a loved one passes, counting on an experienced attorney when dealing with the courts is of the utmost importance. Our law firm will file the deceased’s will with the presiding court in the county where the deceased resided. The court will determine if the will is valid, and if it is, will appoint the person listed as the executor in the will as the administrator of the estate. If the person has died without a will, the court will make a determination as to the possible heirs to the estate, after reviewing a list of assets. Losing a loved one can be a trying time in itself, let alone having to worry about understanding a process you have never gone through before.
For all your legal needs in Frisco and the surrounding area, the Law Offices of John F. Williams, Jr. are here to help. For additional information regarding probates, give us a call at 972-527-4500 or contact us online today.
Understanding Chapter 7 Bankruptcy with the Law Offices of John F. Williams, Jr.
Bankruptcy is often a confusing process, and is not one to go through alone. The recession has caused filings for Chapter 7 bankruptcy to increase, and our Frisco TX bankruptcy attorneys with the Law Offices of John F. Williams, Jr. can be by your side through the process every step of the way. With our expert attorneys on your side, you can rest assured your financial needs are in the best hands possible.
When contemplating declaring bankruptcy, you can feel you are out of financial options. Chapter 7 bankruptcy is a suitable option for when you find yourself in debt and unable to pay your creditors, and we can help you decide the best course of action for you. Chapter 7 can provide you with the fresh start you so need in order to step away from all your previous debts, and we can help you get there. When filing for Chapter 7, your creditors are forced to cease contact with you, meaning the harassing phone calls stop and you can rest easy once again. In order to qualify for Chapter 7, you must take the CMI Means Test, which determines if your financial situation makes you eligible. Our expert bankruptcy attorneys can help you through this.
For all your bankruptcy needs, the Law Offices of John F. Williams, Jr. are here to help. For additional information regarding Chapter 7 bankruptcy in Frisco and the surrounding area, give us a call at 972-527-4500 or contact us online today.
Stopping Creditor Collection with the Law Offices of John F. Williams, Jr.
When filing for bankruptcy, one of many people’s main goals is to get creditor collection calls to stop. These calls and debt collection efforts can oftentimes borderline on harassment, and it is essential you employ aggressive and reliable legal representation to fight off these offenders. The Plano TX bankruptcy lawyers with the Law Offices of John F. Williams, Jr. can provide this service for you. A recent press release on the matter states:
Bankruptcy can often be a confusing and intimidating process. By relying on a reputable bankruptcy lawyer, it doesn’t have to be. The bankruptcy attorneys with the Law Offices of John F. Williams, Jr. can stop the creditor phone calls and constant harassment from debt collectors. Under the bankruptcy protection provided by a skilled and knowledgeable bankruptcy attorney, all creditor and debt collector activity will be referred to the law firm, meaning you won’t have to worry about your daily life being constantly interrupted. By seeking Chapter 7 or Chapter 13 bankruptcy protection from the Plano TX bankruptcy attorneys, the needs and rights of you and your family will be protected.
For all your bankruptcy needs in Plano and the surrounding area, the Law Offices of John F. Williams, Jr. are here to help. For additional information regarding putting a stop to creditor collection, give us a call at 972-527-4500 or contact us online today.
Posted in Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Collection, Plano TX Law Firm | Tags: bankruptcy, bankruptcy protection, chapter 13 bankruptcy, chapter 7 bankruptcy, creditor collection, creditors, debt, debt collection, law offices in plano, plano, plano bankruptcy, plano tx attorney, texas, tx, u.s. bankruptcy court | No Comments »
Bankruptcy Debt Information from Your Frisco TX Bankruptcy Attorney
John F. Williams, Jr., your Frisco TX bankruptcy attorney, is the premier choice for bankruptcy filing in Frisco and surrounding areas. Debtors face an uphill battle when filing for bankruptcy and understanding all of your options is important before you file in court. Bankruptcy can’t solve all the problems you face or get rid of all your debts. However, it is often the best choice for those facing a large debt. The National Association of Consumer Bankruptcy Attorneys (NACBA) has some bankruptcy debt information regarding what bankruptcy can do you for your debts on their website:
Types of debts
Whether bankruptcy is the right choice depends in large part on the type of debt you have. There are two main types of debts: secured and unsecured. Bankruptcy will discharge most unsecured debts, but not secured debts. It is important to know the difference between the types.The problems bankruptcy will remedy
Bankruptcy won’t get rid of all debts, but it will remedy many common problems including credit cards and utility bills, and wage garnishments. Other debts, such as mortgages and car loans, can be paid down through a Chapter 13 bankruptcy.The debts bankruptcy will not eliminate
Some debts cannot be discharged through bankruptcy. These include alimony and child support, student loans and taxes as well as debts incurred through fraud.
John F. Williams, Jr., your bankruptcy lawyer in Frisco, offers 20 years of successful representation in bankruptcy law. Licensed to practice in the U.S. District and U.S. Bankruptcy courts in the eastern and northern districts of Texas, The Law Offices of John F. Williams, Jr. offer unmatched experience in bankruptcy law and other legal needs. For additional information or to schedule an appointment, give John F. Williams, Jr. a call at 972-527-4500 or visit us online.
Bankruptcy Filing Assessment from Your Frisco TX Bankruptcy Attorney
Your Frisco TX bankruptcy attorney, John F. Williams, Jr., offers bankruptcy filing services for debtors facing tough financial decisions. Deciding whether to file for bankruptcy is one of the toughest decisions a debtor faces. The National Association of Consumer Bankruptcy Attorneys (NACBA) has a few bankruptcy assessment steps on their website:
To assess whether bankruptcy will help, take the following steps:
- Learn the advantages and disadvantages of bankruptcy. It is important to know the benefits and pitfalls of bankruptcy. While the benefits can be great–discharge of most debts and an automatic stay against creditors–there are disadvantages, particularly the possibility of losing property.
- Determine whether bankruptcy will get rid of your debts. Bankruptcy doesn’t eliminate all debts. If you have many secured debts or debts that cannot be discharged in bankruptcy, bankruptcy may not be the best option for you. Debts that cannot be discharged include taxes, alimony and child support and student loans.
- Do a budget analysis. Doing a budget analysis can help you determine whether you will be able to pay your bills after a bankruptcy proceeding. You need to calculate ongoing expenses and income to determine whether a bankruptcy proceeding will solve your debt problem or if the problem will continue.
- Consider alternatives to bankruptcy. Bankruptcy is only one way to deal with overwhelming debt. There are other steps you can take to reduce your debt that don’t involve filing for bankruptcy.
- Finding a good bankruptcy lawyer. Picking the right bankruptcy lawyer for you can be daunting task.
John F. Williams, Jr., your bankruptcy lawyer in Frisco, offers 20 years of successful representation in bankruptcy law. Licensed to practice in the U.S. District and U.S. Bankruptcy courts in the eastern and northern districts of Texas, The Law Offices of John F. Williams, Jr. offer unmatched experience in bankruptcy law and other legal needs. For additional information or to schedule an appointment, give John F. Williams, Jr. a call at 972-527-4500 or visit us online.
Plano TX Law Firm Offers Bankruptcy Protection
When it comes to your bankruptcy concerns, we can offer you assistance and a fresh start. Our firm offers complimentary bankruptcy consultations with our experienced attorneys, so you can know all of your options before moving forward. We can offer our expert advice and counsel for your current situation, taking into account all factors that come into play.
If you decide that you do need to file for bankruptcy, our experience can assist you in this area. We have dealt with thousands of cases of Chapter 7 and Chapter 13 bankruptcy, and can utilize this vast experience to your advantage, providing you proper protection from creditor calls and collection efforts.
When dealing with debt, you are also dealing with possible foreclosures, repossessions, and lawsuits. Our veteran attorneys can put a stop to these worrisome issues today, by creating an Automatic Stay immediately upon bankruptcy filing. This protects you from creditor’s collection efforts, including harassing telephone calls and repossession efforts. Immediately upon filing, the credit company must cease all collection efforts.
Bankruptcy is no place an individual wants to find themselves. Yet if you do find yourself in this situation, we can help you through it. With any comments, questions, or to schedule a free bankruptcy consultation today, give us a call at 972-527-4500 or visit us online today.
Posted in Bankruptcy, Bankruptcy Consultation, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Plano TX Law Firm, Plano TX Law Offices | Tags: bankruptcy, bankruptcy consultation, bankruptcy protection, chapter 13 bankruptcy, chapter 7 bankruptcy, file for bankruptcy, foreclosures, law offices in plano, lawsuits, plano, plano bankruptcy, plano tx attorney, repossessions, texas, tx | Comments Closed