Waco, Texas Bankruptcy Lawyers
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Helping you find debt relief
Filing for bankruptcy is an important decision that has significant implications for your life. But when mounting debt begins to feel unmanageable, bankruptcy can provide relief. At Smith & Bratcher, P.C. in Waco, Texas, our attorneys help you decide whether filing for bankruptcy is the most effective way for you to take control of your debt.
Negotiators of debt relief options
Bankruptcy is not your only option. Our experienced negotiators at Smith & Bratcher, P.C. often work with creditors to develop out-of-court solutions that avoid bankruptcy. Frequently, we can negotiate a smaller debt amount payable in more manageable monthly installments.
We analyze your case to determine if bankruptcy will advance your immediate and long-term financial goals. We review your debts, income and expenses, and explain the full effects of bankruptcy on your family, business, homeownership and access to credit. If bankruptcy is the right choice, our attorneys provide detailed information about the bankruptcy process and a complete picture of the outcome you should expect. Our upfront approach to bankruptcy gives you confidence in your financial future.
Reprieve through automatic stay
Filing a bankruptcy petition automatically triggers a stay, meaning creditors must immediately stop collections letters and phone calls. Our attorneys at Smith & Bratcher, P.C. correspond with your creditors from the moment you file for bankruptcy and act entirely on your behalf.
Your bankruptcy options
- Chapter 7 bankruptcy - For individuals and their spouses who own fewer assets and earn smaller incomes, Chapter 7 bankruptcy grants you relief from debts through liquidation of your assets.
- Chapter 11 bankruptcy - For corporations, partnerships and sole proprietorships, Chapter 11 bankruptcy permits your business to continue operating while you pay creditors under a reorganization plan.
- Chapter 13 bankruptcy - An option for families facing foreclosure or whose incomes are higher, Chapter 13 bankruptcy permits you to pay off debts under a court-ordered installment plan extending three to five years. This option provides numerous advantages, including the possibility of keeping your home.
Contact experienced bankruptcy attorneys
Call Smith & Bratcher, P.C. at 254-751-0044 or contact us online to schedule your free bankruptcy consultation.