Chapter 7 and Chapter 13 Bankruptcy Assistance
If you are considering filing for bankruptcy, as a means of getting your personal or business finances back on track, you may be wondering which approach is right for your situation — a Chapter 7 "fresh start" debt liquidation or a Chapter 13 "wage earner" reorganization.
Bankruptcy attorney Nels C. Hansen can explain the advantages and disadvantages of each approach. The Law Offices of Nels C. Hansen, P.C., has helped bring many good people in the Austin-area, both individuals and businesses, back to financial stability for over 13 years of legal practice.
We are happy to explain which debt relief strategy may be right for you, your family and your business during your free consultation. Contact us today toll free at 888-896-6720.
An Experienced Bankruptcy Lawyer — Nels C. Hansen — Austin, Texas
Chapter 7 bankruptcy is all about discharging as many unsecured debts as possible, and allowing you to start over with a lower debt burden. In order to file under Chapter 7, you must be able to satisfy a "means test," which measures your income against the median income of someone with the same size family in your state. Chapter 7 also includes property exemptions that generally allow people to keep many of their personal possessions up to a certain value.
Chapter 13 bankruptcy allows you to consolidate your debt and make a gradual repayment of what you owe. It may also allow you to keep your home and car, free of the threat of foreclosure and repossession, if you can keep up to date with your payments.
One of these options could be appropriate for your goals — and is certainly more productive than quick fixes like home equity mortgages, reverse mortgages, retirement account or 401(k) loans or withdrawals, and debt consolidation scams. You want a debt discharge or reorganization plan that is safe, legal and helps you achieve your goals.
Your Initial Consultation is Free of Charge
The Law Offices of Nels C. Hansen, P.C., serves individuals in Austin, Round Rock, and Georgetown as well as people in the surrounding areas including Williamson County, Travis County, Hays County, Burnet County, Caldwell County and Bastrop County.
You can reach us by phone at 888-896-6720 or you can contact us online. If your schedule limits you to an evening or weekend meeting, we will do our very best to accommodate you.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code and have done so proudly since 1996.