Top Austin, TX Business Bankruptcy Lawyers Near You
106 E. Sixth Street, Suite 900, Austin, TX 78701
4301 Westbank Dr, Building A, Suite 225, West Lake Hills, TX 78746
1005 E. 40th Street, Austin, TX 78751
401 Congress Ave, Austin, TX 78701
820 W 10th St, Austin, TX 78701
2407 South Congress Avenue, Suite E - 399, Austin, TX 78704
501 Congress Ave., Suite 150, Austin, TX 78701
13785 Research Blvd., Suite 125, Austin, TX 78750
111 Congress Avenue, Suite 1400, Austin, TX 78701-4093
7004 Bee Caves Road, Bldg. 1, Suite 110, Austin, TX 78746
500 W. 2nd St., Suite 1800, Austin, TX 78701
607 W 3rd St, Suite 2500, Austin, TX 78701
1717 W 6th St, Suite 250, Austin, TX 78703
2801 Vía Fortuna, Suite 200, Austin, TX 78746
100 Congress Ave, Suite 2000, Austin, TX 78701
401 Congress Avenue, Suite 1700, Austin, TX 78701
300 W 6th St, Austin, TX 78701
401 Congress Ave, Suite 1800, Austin, TX 78701
2500 Bee Caves Rd, Building 1, Suite 150, Austin, TX 78746
1411 West Ave, Suite 200, Austin, TX 78701
3000 One American Center, 600 Congress Avenue, Austin, TX 78701
901 S MoPac Expy, Bldg 1, Suite 300, Austin, TX 78746
620 Congress Ave, Suite 320, Austin, TX 78701
1301 S Capital of Texas Hwy, Suite C300, Austin, TX 78746
611 South Congress Avenue, Suite 340, Austin, TX 78704
Austin Business Bankruptcy Information
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What Is Bankruptcy?
Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.
What Happens When I File for Bankruptcy?
When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.
How Much Does It Cost To File for Bankruptcy?
There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.
How Long Does Bankruptcy Stay on Your Credit Report?
A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.