Bankruptcy

If you are experiencing financial difficulty, my firm may be able to help you. I can help if you are:

• harassed day after day by creditor calls
• behind on mortgage payments or facing foreclosure
• behind on car payments and facing repossession
• overwhelmed with credit card debts and never ending minimum payments
• in debt because of a divorce or cosigned loans
• overwhelmed with high interest finance company personal loans
• stuck in the paycheck advance cycle that never ends
• have back taxes which require a payment plan
• have student loans with high monthly payments

Legal Debt Solutions

Financial difficulty can impact every aspect of life. Your job may be suffering because of harassing creditors and their unrealistic demands. Many individuals are often times pleasantly surprised to learn that our bankruptcy laws offer dignified solutions to stressful money problems. Our Legal Bankruptcy system provides for legal debt protection and relief under Chapter 7 and Chapter 13. Legal debt protection allows individuals to regain control of their finances without additional borrowing or losing their home, car and other valued possessions. You may be able to eliminate your debt altogether or reduce it considerably by filing bankruptcy.

Once you have recognized that you need help with your finances, the next major step is selecting an attorney to help you through the process. At my law firm, filing bankruptcy is a positive experience that will provide you with a fresh financial start. My level of experience is such that I have seen a great variety of situations and helped many individuals and families solve their money problems. Call 832-717-0678 for an appointment.

Chapter 7

A Chapter 7 Bankruptcy Filing does not involve any court protected repayment plan and will legally eliminate your unsecured dischargeable debt (i.e. credit cards, medical bills, most judgments and garnishment, repossession debt, eviction or broken lease debt, some taxes, past due utilities, etc..). The dept is eliminated through a legal discharge. A Chapter 7 discharge is not an absolute right, but most individuals experiencing financial difficulty will qualify.

You will still be required to continue making payments on those secured debts where you have decided to keep the collateral (house, car, furniture etc.). You will need to be current with your payments and in many cases the creditor will want a written agreement known as a reaffirmation agreement.

Chapter 13 - Reorganization and Debt Adjustment

Chapter 13 is a court protected repayment plan that allows the debtor to modify secured debt agreements and to eliminate a large amount of unsecured debt. The monthly payment required by Chapter 13 is based on the Debtor's ability to pay. Depending on values and types of debt, the Debtor's payments on the secured debts can actually by less per month than before. Tax obligations are payable under Chapter 13 and, in some situations, can result in the elimination of penalties and the discharge of taxes. Upon completion of the Chapter 13, the debtor receives a discharge of unpaid unsecured debts. A Chapter 13 can be for as long as 60 months if needed by the Debtor.

Frequently Asked Questions about Bankruptcy