Before you know it, you are drowning in debt that you could never foresee. But do not worry, it is actually quite common. This is why we have the process of bankruptcy, to rid you of this ailment as soon as possible.

What should you do, then?

The first thing that a person who has a massive amount of debt in San Antonio should do is to contact a well-reputed, knowledgeable, sincere and honest bankruptcy lawyer. So, find yourself the best San Antonio bankruptcy lawyer, here.

How can they help?

A San Antonio bankruptcy lawyer can help you in following circumstances:

  • They can stop Home Foreclosures
  • They can stop Bill Collectors’ Harassing Calls
  • They can stop Debt Legally
  • They can stop Repossessions
  • They can stop Debt which results from Co-Signing
  • They can stop Credit Card Debt
  • They can stop the cycle of “Payday Cash Advance Cycle”
  • They can stop Wage Garnishment as well as problems related to IRS
  • They can stop Lawsuits for Credit Cards
  • They can stop the collection of Medical Bills and Judgements

There are 3 ways to process for bankruptcy:

The firm helps their client to erase their debts by using the following processes of bankruptcies:

  • Chapter 7 Bankruptcy
  • Chapter 11 Bankruptcy
  • Chapter 13 Bankruptcy

1.    Chapter 7 Bankruptcy:

A liquidated bankruptcy is called a chapter 7 bankruptcy, generally. Actually, in a way, it is a way of wiping out a client’s debt in a legal, more organized way and easily help them in getting a new start.

Most of your unsecured debts will be wiped out easily, such as your personal loans, repossessions, medical bills, credit cards and more. Many people who use this process for bankruptcy usually get to keep their cars as well as their homes. It is the most common type of bankruptcy.


2.    Chapter 11 Bankruptcy:

This type of bankruptcy is a form of bankruptcy in which a specifically concentrates on a reorganization, generally. Chapter 11 is quite similar to chapter 13 bankruptcy, the difference between these two is that the absence of limits related to how much money the debtor owes. This type of bankruptcy was specifically made for large business or organizations, but, nowadays, individuals can file for a chapter 11 bankruptcy, as well.

3.    Chapter 13 Bankruptcy:

This is a type of bankruptcy that, as stated above shares a similarity to chapter 11 bankruptcy, but unlike chapter 11 bankruptcy, it has limitations as far as how much debt the debtor owes. But, with the help of this bankruptcy, the clients can pay back their debts. The payment to the trustee is paid on a month to month base. This type of bankruptcy is only common when it is related to home foreclosures or when a vehicle is repossessed.

Regardless which option you choose, one thing is for sure that with the help of a San Antonio bankruptcy lawyer, the huge debt on your shoulders will be erased and you will be able to start a new beginning.