Under What Circumstance(s) Should I File For Chapter 7 Bankruptcy?
If you have large credit card debt and other unsecured bills and very few secured assets, a chapter 7 bankruptcy may be able to completely eliminate all of these debts and provide you with a new start.
Under What Circumstance(s) Should I File For Chapter 13 Bankruptcy?
Simply put, a chapter 13 bankruptcy is your only choice if you are behind on your mortgage and/or business payments and you wish to maintain your Texas or Arkansas property following the completion of the bankruptcy process. It allows you to protect your home from foreclosure, make up missed car and/or mortgage payments, pay back taxes and prevent interest from accruing local, state and federal tax debt.
Are There Any Kinds Of Debt That Cannot Be Discharged In A Chapter 7 Bankruptcy?
Yes. Alimony, child support, student loans and fraudulent debts cannot be discharged in a chapter 7 bankruptcy.
What Is The Difference Between Chapters 12 & 13 Bankruptcy?
Chapter 12 bankruptcy is similar to chapter 13 bankruptcy aside from the fact that it is only an available option for farmers and commercial fisherman. It allows them to keep their farming or fishing operations running as they pay back their debts. Chapter 12 bankruptcies also differ from chapter 13 because it allows the filer to be a business entity; chapter 13 is only available to individual debtors.
Recently plant nursery owners have also been added to the list of eligible individuals and partnerships for chapter 12 bankruptcy.
Do You Accept All Types Of Bankruptcy Cases?
No. We do not take chapter 11 bankruptcy cases. We do happily take chapters 7, 12, and 13.
What Is A NFA Gun Trust?
A NFA gun trust is tailored to ensure compliance with the National Firearms Act which regulates weapons that are known as Title II firearms under chapter 46 of the Texas Penal Code. It allows gun owners to specify how firearms will be kept safe and used in the event of mental incompetence or death.
Who Needs Estate Planning?
Estate planning is essential if you’d like your family to avoid lengthy, expensive legal maneuvers (such as probate) that will determine how and to whom your assets will be administered following your death.
What Is Probate?
Probate is the legal process by which a Court recognizes a person’s death and authorizes the administration of said person’s estate.
What Does Power Of Attorney Mean?
Granting power of attorney to an individual enables him or her to legally address your personal and/or business affairs if or when you are incapable of handling them yourself.
Are There Any Personal Injury Cases That You Do Not Accept?
Yes. Graham Law Firm does not accept personal injuries resulting from dog bites or slip and fall accidents.