Van Northern is a bankruptcy attorney in Amarillo, TX, with over 30 years of experience providing dedicated legal services you can trust. Northern Law Firm also provides services in the Lubbock area.

Financial difficulties can happen to anyone, whether it’s due to medical bills, credit card debt, job loss, or other circumstances. If you are seeking legal advice with debt management or require assistance filing for Chapter 7, 13, and 11 bankruptcy, our primary goal is to help you or your business regain financial stability.

As your Amarillo bankruptcy attorney, we will take the time to fully analyze and evaluate your current financial situation and any potential risks involved during the legal process. We will help you determine the best legal decisions to protect your assets.

Types of Bankruptcy

Chapter 7 bankruptcy does not require a repayment plan, but you typically agree to liquidate your nonexempt assets to pay off as much of your debt as you can. The remaining debts that are part of your bankruptcy are dismissed. The ability to file for this type of bankruptcy is determined by income. If your income is below the median for the state of Texas, you must pass a “means test.” Our Chapter 7 bankruptcy attorney will help you determine whether you’re eligible to file for Chapter 7.

Chapter 13 bankruptcy eliminates qualified debt over a three- or five-year period and allows someone with regular income to make adjustments on how they pay back some debts. The individual submits a repayment plan to the court, which must also be approved and implemented by a bankruptcy court trustee beforehand. Hire our experienced Chapter 13 bankruptcy attorney to help you through this more complex process.

Chapter 11 bankruptcy allows individuals and businesses to enter into a business reorganization plan in order to pay back creditors. Like Chapter 13 bankruptcy, the plan must be approved and implemented by a bankruptcy court trustee. Chapter 11 allows your business to reorganize and stay open by restructuring its debt. A business-owner who wants to save their company may be eligible to file Chapter 11 bankruptcy and keep going with more manageable debt and a chance to turn things around. Van Northern is a bankruptcy lawyer in Amarillo, TX, who can help you save your business by getting you the time you need to get your company back on an even footing, move ahead, and get back to profitability and progress.

Bankruptcy doesn’t have to mean failure: it can be a fresh start. Everyone suffers unexpected setbacks. Overwhelming medical expenses, job loss, and other family emergencies can deplete your resources and cause you to get behind on your bills. The situation can feel hopeless, but don’t despair. As a bankruptcy attorney in Amarillo, TX, Van Northern can help you get back on your feet financially.

We’ll sit down and talk about how you got into this financial bind and the best way to get you out of it. Bankruptcy may not be inevitable if we can work out payment plans, sell assets, and find a way to pay your debts. Still, bankruptcy may be the best chance for relief from creditors and collectors.

As your bankruptcy attorney in Amarillo, TX, we are dedicated to help you obtain debt relief and a safer financial future.

Contact us today for a free consultation.