Corpus Christi Financial Distress Lawyers

Business & Personal Bankruptcy Attorneys

Many people who are experiencing difficulties paying their debts and bills are reluctant to file for bankruptcy.  People have a misconception that when they file for bankruptcy they are officially insolvent and nothing more can be done to better their situation.  In reality, declaring bankruptcy offers individuals a way of managing their debts and a chance for a new beginning.

Corpus Christi bankruptcy attorneys at The Whittle Law Firm, PLLC have been helping individuals and financially distressed businesses with bankruptcy, insolvency, and credit matters for years.  We are attorneys helping people file for bankruptcy relief under the Bankruptcy Code.  We have the knowledge and expertise to ensure that our clients' matters are handled in a thorough, professional, and effective manner.  We believe that our clients' satisfaction with their results is a reflection of the firm's success. 

Bankruptcy Filings

There are three common types of bankruptcy filings--Chapter 7, Chapter 13, and Chapter 11 bankruptcy, which are discussed below:

• Chapter 7 Bankruptcy:  If an individual files for Chapter 7 bankruptcy, the debtor's non-exempt assets are sold and the proceeds are used to pay off debts.  The debts that still remain after the sale may be discharged, subject to certain exceptions.  Chapter 7 bankruptcy filings are more appropriate for individuals facing severe debts, such as unsecured credit card or medical bills.
• Chapter 13 Bankruptcy:  In a Chapter 13 bankruptcy, the debtor has the opportunity to propose a repayment plan, where he or she can make installment payments to creditors over a period of three to five years.  One of the key advantages of Chapter 13 bankruptcy versus filing for Chapter 7 is that individuals have a chance to save their homes from foreclosure.  The proposed repayment plan must be filed with the bankruptcy court for approval. 
• Chapter 11 Bankruptcy:  For debtors who are involved in business, such as sole proprietorships, corporations, or partnerships, Chapter 11 bankruptcy offers these individuals an opportunity to continue operating their businesses instead of facing liquidation.  Under Chapter 11, debtors can seek to reduce their debts, extend the time for repaying their debts, or seek reorganization. 

In any bankruptcy filing, the debtor must be eligible for the particular type of bankruptcy filed for.  An attorney can help determine the appropriate chapter of bankruptcy you are eligible for, complete the necessary documents on your behalf, file the petition, and guide and represent you through the bankruptcy process.  We also assist clients with lender liability claims and represent creditors in various aspects of the bankruptcy process. 

Credit Repair

Our lawyers also help many clients with repairing their credit by assessing credit reports, using measures to address negative credit entries, and negotiating with creditors to reduce or restructure debt.  We also discuss with clients all the available options for improving their credit and resolving any debt issues.  

If you or your business are experiencing financial difficulties, or if you are a creditor seeking representation in a bankruptcy matter, Contact the Corpus Christi bankruptcy attorneys at the Whittle Law Firm, PLLC today to find out how we can help you.

For a free initial consultation, call us at 361-232-4329 or fill out our web contact form.  We also offer after-hours appointments as well as services in Spanish for your convenience.

The Whittle Law Firm, PLLC provides legal services in Corpus Christi, Dallas, San Antonio, the Rio Grande Valley, and throughout Southern Texas.