Are you having trouble making the minimum payments on your credit cards while still putting food on the table for your family? If you are considering bankruptcy as a way to relieve your financial stress, a free consultation with an attorney can help you answer many of your Bankruptcy Questions in Longview TX.
Can I keep my house?
This is one of the most common Bankruptcy Questions in Longview TX. The answer is, in some cases, yes. Most homeowners who file for Chapter 13 bankruptcy protection are able to keep their primary residence. The mortgage loan is included in the repayment plan and payments must be made on time to prevent foreclosure. In some cases, if your mortgage payments are up-to-date, you may be able to keep your house if you use Chapter 7.
Will all of my debts be erased?
The answer to this question depends on what kind of debts you have. Unsecured debts can be discharged in Chapter 7 bankruptcy. However, secured debts, such as car loans and mortgages, and family debts, such as alimony and child support, cannot be discharged. Your attorney can evaluate your debts and answer your Bankruptcy Questions in Longview TX to help you determine if bankruptcy is an effective solution to your debt problems.
Are there any immediate benefits?
Yes. If you are like most people who are looking for debt relief, you are getting a lot of phone calls from creditors. While the law restricts the hours they can call and prevents them from harassing your friends and family, these calls can get pretty annoying, especially when you can’t provide the answer the creditors want to hear. As soon as these creditors are notified that you filed for bankruptcy, they have to stop contacting you. This benefit can give you immediate relief while you work with your lawyer to file your documents with the court.
Your attorney can assist you with these and other Bankruptcy Questions in Longview TX to ensure you have all the information you need to make an informed decision about how to handle your debt problem. Take advantage of a complementary consultation to find out to find out your options with no obligation.
