Everything you need to know about Filing for Bankruptcy in Houston TX
What is Bankruptcy?
Bankruptcy is the process of liquidating one’s non-exempt assets to pay off creditors, or reorganizing one’s debts into a structured repayment plan. Bankruptcy exemptions enclude most (and often all) a bankruptcy filer’s assets (meaning you keep them). Bankruptcy is available to any individuals or businesses that are in debt and cannot afford to repay their creditors.
What is Chapter 7 Bankruptcy?
In consumer bankruptcy law Chapter 7 bankruptcy your non-exempt assets (if any) could be liquidated in order to repay your creditors. After filing for Chapter 7 bankruptcy, all of your dischargeable debts will be eliminated. However not all debts can be eliminated. Types of debts that are not dischargeable through Chapter 7 include spousal support, child support, student loans, most tax debts, and debts incurred from criminal penalties or wrongful death damages. A petition is filed in bankruptcy court which leads to the discharge of most(sometimes all) of your debts in about 90 days.
Should I file for Bankruptcy?
Deciding to file for a bankruptcy in Houston is a very personal decision, one that you need to make on your own but you need bankruptcy information to understand the benefits of bankruptcy in your particular situation. If you have any questions regarding filing bankruptcy, exemptions or going to bankruptcy court, the Houston bankruptcy lawyer O. Miller White would be more than happy to meet with you and during your free consultation to review your situation, answer any questions you may have, and determine what type of bankruptcy you qualify for.We serve the greater Houston area including Woodlands, Klein, Houston North East and all areas near by. If you decide to move forward and file for bankruptcy, Mr. White will be by your side every step of the way.
Are there any benefits to filing for bankruptcy?
Yes, there are! After filing for bankruptcy you will no longer be subjected to creditor harassment, wage garnishment, and lawsuits. Furthermore, many people find that after filing for bankruptcy they no longer experience the stress, anxiety and worry, that often goes with having mounting debts and creditors pushing you to pay debts you can’t afford. Click here to learn more about some of the benefits of filing for bankruptcy.
Is there a way to stop my creditors from continuing to harass me?
Yes. If you are being subjected to creditor harassment, you should contact attorney O. Miller White immediately. Your creditors will be prohibited from contacting you once you’ve filed for bankruptcy. Mr. White can help put an end to harassment, give you the consumer bankruptcy law information you need and protect you if your creditors attempt to call you again in the future after you hire the Houston Bankruptcy Attorney, O. Miller White.
If you have any additional questions or need bankruptcy information, please do not hesitate to contact Houston bankruptcy attorney O. Miller White today at (281) 257-2477, he can then discuss the solutions to the financial headaches that seem so hopeless to you.