Best Bankruptcy Attorneys in Pharr

Frequently Asked Questions

• Where do I file for bankruptcy in Pharr, Texas?

  Pharr residents can file their bankruptcy petitions with the U.S. Bankruptcy Court for the Southern District of Texas - McAllen Division. The court is located at U.S. Courthouse, 1701 W. Business Hwy. 83, McAllen, TX 78501.

• Where can I get bankruptcy forms in Pharr, Texas?

  You can download Pharr bankruptcy forms from this link: https://www.txs.uscourts.gov/bankruptcy/bankruptcy-forms-filing-fees.

• How long does the bankruptcy process take in Pharr?

  It depends on the bankruptcy chapter you filed under. Chapter 7 lasts 4–6 months after filing, while Chapter 13 takes 3-5 years to complete. Chapter 11 bankruptcy cases typically take 6–18 months. If the duration is an important consideration for you, speak with a Pharr bankruptcy attorney to determine the ideal chapter for your situation.

• Can you really keep your house and car if you file for Chapter 13 bankruptcy in Pharr?

  Chapter 13 is particularly beneficial for Pharr residents who are already behind on their home and car loan payments. This chapter halts repossessions, foreclosures, and evictions. It also allows you to restructure your payments and get more time to pay them off. The typical Chapter 13 payment plan lasts 3-5 years. This means you can keep the car or house while you are catching up on your overdue and incoming payments.

• Is there a debt limit to be eligible to file for bankruptcy in Pharr?

  There is no debt limit for Chapter 7 bankruptcy, but you have to pass the Means Test which measures your income rate. Chapter 11 bankruptcy also has no debt limit in Pharr. Meanwhile, Chapter 13 has a debt limit of $2.75 million, inclusive of both unsecured and secured debts. This is according to 11 U.S.C. Section 109(e). People who don’t pass the Means Test for Chapter 7 and have debts over the Chapter 13 limit usually file for Chapter 11.

• Can you keep your business if you file for bankruptcy Chapter 11 in Pharr?

  Chapter 11 involves restructuring the business’ debt, creating a convenient repayment plan, and halting creditor collections. This allows you to keep company assets and lift the burden of unmanageable debt, so you can continue operating the business. Consult with a bankruptcy attorney in Pharr to see if Chapter 11 is ideal for your situation.

• Can you take legal action if a creditor continues to contact you for debt collection in Pharr?

  If it has already been some time after you filed for bankruptcy and the creditor has not stopped its collection attempts, it is a violation of the court-ordered automatic stay. Collection attempts include letters, messages, and phone calls seeking payment from you. Your Pharr bankruptcy attorney can take legal action and seek monetary damages on your behalf.