If you find yourself being overwhelmed by debts, you might perhaps consider taking advantage of the provision the law has made for cases like yours. A Houston bankruptcy attorney is best situated to advise you. There is a real possibility that you will get some relief.
Many people can pay eventually, but are behind in certain payments and need to be protected from repossession or foreclosure. Here a Chapter 13 filing would seem ideally suited to the situation. All that is needed is a realistic plan of how the payments will be handled.
If there is no way you can pay within a reasonable time, chapter 7 will give you your best chance. Although not all your debts will be discharged, many will. Your position should certainly improve substantially, so you can make a fresh start.
Chapter 11 is intended for those with businesses or who owe really huge amounts. This type allows for debts to be reorganized so the repayments are more affordable. Most people opt for either chapter 7 or 13, as this is most suited to their circumstances.
Certain property will be regarded as exempt and would not be sold and some debts would not be discharged by a Chapter 7 filing. Your attorney will tell you exactly what the benefits of each type would be and whether they apply. Remember, every case is different.
Having been declared bankrupt will not prejudice you with your employer, and you might still be able to get a a loan. Even your credit cards might not necessarily be taken away. A premier lawyer will show you how to come out of the situation as best possible.
Taking advantage of a free consultation will let you uncover your alternatives. A first class Houston bankruptcy attorney can provide great advice for those experiencing difficulty financially. Contact a lawyer to set your mind at rest.
Many people can pay eventually, but are behind in certain payments and need to be protected from repossession or foreclosure. Here a Chapter 13 filing would seem ideally suited to the situation. All that is needed is a realistic plan of how the payments will be handled.
If there is no way you can pay within a reasonable time, chapter 7 will give you your best chance. Although not all your debts will be discharged, many will. Your position should certainly improve substantially, so you can make a fresh start.
Chapter 11 is intended for those with businesses or who owe really huge amounts. This type allows for debts to be reorganized so the repayments are more affordable. Most people opt for either chapter 7 or 13, as this is most suited to their circumstances.
Certain property will be regarded as exempt and would not be sold and some debts would not be discharged by a Chapter 7 filing. Your attorney will tell you exactly what the benefits of each type would be and whether they apply. Remember, every case is different.
Having been declared bankrupt will not prejudice you with your employer, and you might still be able to get a a loan. Even your credit cards might not necessarily be taken away. A premier lawyer will show you how to come out of the situation as best possible.
Taking advantage of a free consultation will let you uncover your alternatives. A first class Houston bankruptcy attorney can provide great advice for those experiencing difficulty financially. Contact a lawyer to set your mind at rest.
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If you need a qualified Houston Bankruptcy attorney, click here now. To schedule a free consultation with the Law Offices of O. Miller White, come to the homepage at http://www.thehoustonbankruptcylawyer.com for details.
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