Bankruptcy Services


Thank you for your interest in speaking with Charles J. Bondurant Attorney at Law.  We specialize in helping individuals and companies in dealing with the tough issues of bankruptcy and answering the difficult questions that come from making that decision. 

Bankruptcy Laws are always changing and here at Charles J. Bondurant we assure you that you are in good hands.  We have over 30 years of experience in the San Antonio and Surrounding area Bankruptcy Courts and want you to feel at ease when dealing with a situation like this one. 

Please feel free to pick up the phone and call 210.690.2700 for your Free Consultation to discuss your legal options when it comes to Bankruptcy. We will determine if you qualify for consumer protection under chapter 7 and/or chapter 13 of the U.S Bankruptcy Code.


Chapter 7

According to BankruptcyAction.com, Chapter 7 Bankruptcy,  sometimes call a straight bankruptcy is a liquidation proceeding. The debtor turns over all non-exempt property to the bankruptcy trustee who then converts it to cash for distribution to the creditors. The debtor receives a discharge of all dischargeable debts usually within four months. In the vast majority of cases the debtor has no assets that he would lose so Chapter 7 will give that person a relatively quick "fresh start". One of the main purposes of Bankruptcy Law is to give a person, who is hopelessly burdened with debt, a fresh start by wiping out his or her debts.


Chapter 13

Also according to the source above, Chapter 13 Bankruptcy is also known as a reorganization bankruptcy. Chapter13 bankruptcy is filed by individuals who want to pay off their debts over a period of three to five years. This type of bankruptcy appeals to individuals who have non-exempt property that they want to keep. It is also only an option for individuals who have predictable income and whose income is sufficient to pay their reasonable expenses with some amount left over to pay off their debts.

 

Chapter 11

According to US Courts, the chapter of the Bankruptcy Code providing (generally) for reorganization, usually involving a corporation or partnership. (A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.)
 
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