According to statistics released by the Administrative Office of the U.S. Courts, annual bankruptcy filings totaled 682,363 cases in the fiscal year ending June 2020. Of those, 22,482 were businesses and 659,881 were non-business related. When facing financial difficulty, filing for bankruptcy may be the best way to get the fresh start you deserve. If you are considering filing bankruptcy in Louisiana or Texas, consulting with a knowledgeable bankruptcy attorney is important for detailed guidance.
At the Law Office of Robert B. Dunlap, I am committed to offering comprehensive legal guidance to individuals and business owners in bankruptcy-related matters. I’m available to discuss your unique situation and help you understand your bankruptcy options. As an experienced bankruptcy attorney, I can provide you with the detailed guidance you need and assist you through the entire process.
The Law Office of Robert B. Dunlap proudly serves clients throughout Shreveport, Bossier City, Minden, Mansfield, and Webster Parish, Louisiana, as well as Marshall, Texas.
Life’s curveballs can sideline you from paying bills and meeting your other financial needs. Bankruptcy is not something to be ashamed of. Rather, it’s a tool designed to help individuals and business owners get relief when going through financial adversity. Declaring bankruptcy may be a feasible option to remedy your situation and get the fresh start you need.
Chapter 7 bankruptcy, also referred to as “liquidation” bankruptcy, helps individuals and business owners eliminate most of their general unsecured debts. When you file for Chapter 7, the trustee (an independent contractor appointed by the court to oversee your bankruptcy case) collects and sells all your non-exempt assets.
Such non-exempt assets that may be sold include second cars, second homes, vacation homes, bank accounts, family heirlooms, bonds, stocks, cash, and other investments. The trustee will pay off some or all your creditors using the proceeds from the sale.
If you’re thinking about filing bankruptcy, it is important that you take the time to consider which type is right for you. Your assets and income will determine the bankruptcy chapter that you qualify for and will best suit your needs. Things to consider include:
The Law Office of Robert B. Dunlap is dedicated to providing comprehensive legal services and assist clients through complex bankruptcy proceedings. As your attorney, I will explain your options and help you determine the bankruptcy chapter that fits your needs and unique situation.
As an experienced bankruptcy attorney, I can provide you with the detailed guidance you need, help with documentation and drafting proceedings, and walk you through the entire process. Through my collaborative counsel, I can simplify the bankruptcy process for you and help you achieve the fresh financial start you deserve.