Discover the Benefits of Chapter 7 Bankruptcy in Texas
It is easy for many honest, hard working people to suddenly find themselves facing overwhelming amounts of debt.
Credit card companies add fees, increase interest rates and use other practices that make it more difficult for consumers to pay off their balances. A few late fees and penalties can create a situation that spins out of control, and suddenly, people are in over their heads.
Additionally, a change in circumstances—such as a job loss, an illness or injury, a divorce or a new child—can make it more difficult to make mortgage and car payments, pay off medical bills and remain financially sound.
For people facing high amounts of unsecured debt, including credit card debt, medical bills and small business debts, Chapter 7 bankruptcy may be a helpful option for relief. At my firm, I, bankruptcy attorney Charles Nettles, assist individuals in Austin and Central Texas through the Chapter 7 bankruptcy process.
How Chapter 7 Bankruptcy Can Help You
Chapter 7 is the simplest and quickest way to discharge unsecured debt. Unlike Chapter 13 bankruptcy or non-bankruptcy debt consolidation programs, Chapter 7 bankruptcy does not require you to make payments over time to your creditors but simply gives you a fresh start by eliminating your debt.
Many people worry about losing their homes, cars and other property after filing for Chapter 7 bankruptcies. You will not lose your home or your car, however, if you keep paying for the property you want to keep. There are exemptions that you can use to hang onto your property while discharging credit card debt, medical bills or other unsecured debts.
Additionally, you can put an immediate halt to the foreclosure process, to repossessions and to all creditor harassment by filing for bankruptcy. After you file, an "automatic stay" is put in place that will stop all collection activities, including phone calls and letters from your creditors.
Learn More Information About Chapter 7 Bankruptcy Protection
If you are considering bankruptcy or you have questions about process, contact me, Charles R. Nettles, to speak with a lawyer about your financial issues. There are a lot of myths surrounding bankruptcy and what it can and cannot do for your situation. Find honest answers that will address your individual circumstances.
Contact me by e-mail or by phone at 512-443-5545 (toll free at 800-460-5555) to make an appointment for a free initial consultation.
I am a Board Certified Bankruptcy Attorney assisting Individuals and Small Businesses File Bankruptcy.
