The Gallini Firm

A firm with a straightforward approach for a brighter tomorrow

Filing for Bankruptcy

We’ll assess your financial situation thoroughly to determine exactly what you need to do in order to free yourself from unpaid debt and protect against creditors.

Special Education Law

We are special education attorneys who will go above and beyond for the rights of special needs children. 

Estate
Planning

Need help planning your Will or a living trust? Our estate planning attorney can guide you through the process. 

A Professional, Compassionate Special Education, Estate Planning, and Bankruptcy Lawyer Clients From and Near Round Rock, TX Can Trust 100%

Legal complications involving bankruptcy, special education law, estate planning, and business law are never easy. In fact, it’s not advisable for someone with no legal experience to take on these tasks themselves. Apart from the lack of working knowledge on various legal matters, the pressure and stress might push you into making poorly planned decisions.  

 

To increase the chances of a positive outcome, work with The Gallini Firm. We have a licensed special education, estate planning, business, and bankruptcy lawyer backed by years of legal experience in and around Round Rock, TX. Our firm will support you throughout the case. 

* IMPORTANT * On the section below make sure to use 2 icons with different colors. Also make sure to link to the services on the front and the back of the element.

Chapter 7

service-logo

Chapter 7

Chapter 13

service-logo

Chapter 13

Chapter 11 Sub Chapter 5

service-logo

Chapter 11 Sub Chapter 5

Estate Planning

service-logo

Estate Planning

Special Education

service-logo

Special Education

The Gallini Firm

The Difference Between Filing for Chapter 7 and Chapter 11 Bankruptcy

* IMPORTANT * 1. Really Important not to delete the pattern background on this section. It is named: "New Law 3 Bg 1" 2. On the section below make sure to set the right H title <h2></h2>, usually it should be H2 but it can change depending on copy.

Should you file for Chapter 7 or Chapter 11 bankruptcy? How do the two differ? Here are some facts to consider: 

Chapter 7 Bankruptcy 

Chapter 7 bankruptcy basically equates to the possible liquidation of assets in order to discharge, or get rid of, one’s debt. By filing this type of bankruptcy, you may be surrendering ownership of certain nonexempt assets such as:
 
  1.  Business interests
  2. properties apart from your primary home
  3. extra motor vehicles
  4. high-value coin or gun collections
  5. rental property
  6. investment stock accounts
Note: To find out exactly which of your assets are protected under exemptions and which are nonexempt, consult with our Chapter 7 bankruptcy lawyer. The main benefit of filing for Chapter 7 bankruptcy is no longer have to pay certain debts by receiving a discharge from the court. This includes debt such as credit cards, medical bills, and personal loans.  You can even surrender your vehicle in bankruptcy and no longer be liable for the loan.  There are exceptions to the discharge with some tax debt, student loans, and other debts that can survive bankruptcy automatically.  It is bests to schedule an appointment with a well experienced bankruptcy attorney to map the best course for you and your unique situation.

Chapter 11 Bankruptcy 

Chapter 11, Subchapter 5 bankruptcy involves business debt reorganization for small businesses. Instead of selling or surrendering assets to get rid of your debt, your business will be reorganizing or consolidating your existing loans to acquire better, easier payment plans. This includes possibly lower interest rates, longer/shorter terms, and better dollar value.
 
This is a good option for corporations or companies who may not want to exhaust their assets on debt repayment or need more time in paying back loans. A solid repayment plan or even a new consolidation loan (called exit financing) just might be the help a struggling business needs to get back up in the game.
 
Note: For better terms on your new payment plan, have our professional Chapter 11 attorney handle the process.

Make Sure Your Loved Ones Live Their Best Lives Even After You’re Gone With Estate Planning

Proper estate planning is very important, especially if you have multiple dependents and relatives or a blended family. It is the process of naming representatives for key positions, guardians for children, arranging the division of your assets in anticipation of your incapacitation or death—whenever it may be. We suggest meeting with our lawyer for estate planning at least every five years for updates and changes.

Scroll to Top
Scroll to Top