Written by Robert DeMarco
3 Questions You Should Ask Your Plano Bankruptcy Lawyer
If you are considering filing for bankruptcy in Plano, TX, plan to ask your Plano bankruptcy attorney a few specific questions. Here are 3 key questions your bankruptcy lawyer should answer to help you make the most informed decision.
What Type of Bankruptcy Suits Me the Most?
Chapter 7 bankruptcy is better suited for individuals with little income that may have property they’d like to protect. They can protect their property through bank exceptions. Creditors can sell off any property that isn’t covered by the exceptions. A Chapter 7 bankruptcy lasts 4 months.
Chapter 13 bankruptcy suits people who earn enough to pay their debts through a repayment plan. Since it lasts 3-5 years, it helps people to catch up on their car and mortgage payments. It also allows them to keep all their property as long as they can pay their creditors for the non-exempt property.
What Property Will I Lose If I File for Bankruptcy?
You may be able to keep your car, house, and personal belongings depending on the type of bankruptcy you choose and the nature of your assets. Your bankruptcy attorney in Plano will assess your assets and resources and help you determine what you can keep.
How Much Will It Cost Me to File for Bankruptcy in Plano?
Ask Plano bankruptcy attorneys for fee estimates upfront. Ideally, these estimates should include the cost of filing the case in court. Also, ask them about their payment plans, if any.
Contact DeMarco Mitchell, PLLC Today!
Are you thinking of filing for bankruptcy? DeMarco Mitchell, PLLC can help you. We are the only attorneys allowed by the State Bar of Texas to specialize as public bankruptcy lawyers, and we will help you face your financial challenges professionally and compassionately. Contact us today to schedule a free consultation.
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