Debt Reorganization, Restructuring, and Consolidation
At the Cavada Law Office, we represent both individuals and small businesses that need assistance with mounting debts. These debts can include child support, medical bills, car loans, mortgage payments, back taxes, and credit cards. For more information about debt consolidation and alternatives to bankruptcy, please see our bankruptcy frequently asked questions page.
Bankruptcy
We work with our clients in exploring all available options for working through their financial difficulties. For some, declaring bankruptcy may prove the best option. Depending on your financial situation, one type of bankruptcy may be preferable over another.
- Chapter 7 Bankruptcy
Under Chapter 7, also called "straight" bankruptcy, a person or business must sell all non-exempt assets and use the proceeds to repay debts. Any debts not covered by the sale are generally discharged, with some exceptions. In many cases, businesses declaring Chapter 7 bankruptcy cease to operate. - Chapter 11 Bankruptcy
Businesses typically declare Chapter 11 bankruptcy when they need help reorganizing their business structure. This allows them to remain in operation while they pay their debts in a timely manner. Chapter 11 bankruptcy requires the business and the creditors to implement and comply with a confirmed repayment plan. - Chapter 13 Bankruptcy
Chapter 13 bankruptcies are suitable for individuals who are still earning income but need some assistance repaying their debts. Under Chapter 13, the individual adopts a repayment plan whereby the loans are repaid over three to five years.
Bill Consolidation Loans
Consumer finance companies advertise "bill consolidation loans" as a solution to those having difficulty paying their bills. They purport to combine all of your debts into one loan with one monthly payment, but these companies know that anyone who is looking for a bill consolidation loan is already in financial trouble. This means you will be charged higher interest rates, which can actually cause your debt to increase. If you are considering purchasing a bill consolidation loan, it is important to consult with an experienced attorney who can help you find a better way to consolidate, and ultimately eliminate, your debts.
Taxation law
The tax code is complicated and often difficult to understand. Our lawyers can help you sort through these complex laws, avoid making mistakes, and take advantage of opportunities the code may provide. We handle a variety of taxation cases, including corporate, income, and property (ad valorem) taxes.
IRS Collections
We understand that dealing with IRS collections is one of the most difficult and stressful experiences many of our clients encounter. Collections services (ACS) can be intimidating. We serve as a buffer between you and the collections representatives. If an ACS representative has threatened you, their action may be illegal, and you should consult with an experienced attorney. We inform you of your legal rights and advocate on your behalf to ensure that your rights are fully protected.
Immigration
The United States government has recently made immigrating to the United States more difficult, and the laws and federal agencies governing immigration and naturalization are complicated to navigate. At the Cavada Law Office, we understand that the immigration and visa process can be intimidating, and aim to simplify the process. We assist both individuals and businesses with obtaining visas and navigating immigration proceedings. For more information about immigration matters, please see our immigration frequently asked questions page.
Seek Experienced Legal Representation
By providing superior legal representation in a comforting environment, we can help you through these difficult times. For a free initial consultation with a Corpus Christi bankruptcy lawyer regarding your case, contact the Cavada Law Office today.
