Debt Does Not Have To Follow You For Life
If you are having trouble paying the bills and don’t know where to turn, speaking with a bankruptcy lawyer is a good start. We understand the worry and fear you are feeling, and we are here to put those feelings to rest. We know that there are ways to get out of debt and move on with your life.
At Mattox Law Firm PLLC in Houston, we help people file Chapter 7 and Chapter 13 bankruptcy. First, we analyze their financial situation and discuss their debt relief goals. Then we will know whether bankruptcy is the right choice for them. If it is not, we can suggest other options. We will not recommend bankruptcy if it’s not right for you.
We are licensed in the Eastern, Southern and Northern Districts of Texas in bankruptcy and federal court. Learn more today about how our experience can help you by calling us at 832-803-0427.
Chapter 7 Gives You A Fresh Start
Individuals and businesses can file Chapter 7 bankruptcy. Under Chapter 7, your unsecured debts will be discharged, which means you don’t have to repay them. Unsecured debts can include credit card bills, personal loans and medical bills.
In some instances, secured debts such as a vehicle may be sold to pay off creditors. But don’t worry about losing all of your property. Under the Texas bankruptcy exemptions, you may be able to keep a good portion of your personal property. When we discuss your finances, assets and debts, we will let you know how the law applies to you.
Chapter 13 Is Effective In Stopping Foreclosure
Individuals can file Chapter 13, also known as “wage-earners bankruptcy.” Under this chapter, people with sufficient income can reorganize their debt into a three- to five-year repayment plan. Their debt will be consolidated into a monthly payment they can afford. If they complete the plan, some or all of their remaining debts may be discharged.
Because they are still making payments on possessions such as homes or cars, those things will not be repossessed. This is why many people facing foreclosure choose Chapter 13.
Are You Being Harassed By Creditors?
No matter which chapter of bankruptcy you file, you will receive relief from creditors under the automatic stay. This means creditors are not allowed to harass you by sending collection letters, calling you or showing up at your home. They also typically cannot file additional liens against your property while the bankruptcy is in progress. If they do, your attorney can take action against them.
Let’s Talk About Your Options
You won’t know whether bankruptcy is right for you until you discuss it with an experienced attorney. Get started today and take control of your debt. Just call us at 832-803-0427 or contact us online. We are ready to help you move forward.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.