Debt Relief Plan

Americans are drowning in debt more than ever before. As uncertainty and economic instability continues, many families are experiencing financial hardship beyond what they could have ever imagined. It is estimated that consumer debt grows beyond the  $14-trillion mark grows each year.

Debt problems do not discriminate. They can occur to anyone at anytime, often for reasons beyond our control.  Debt problems result from the right combination of factors such as of job loss or medical emergencies that prevent someone from earning an income.  How you respond to these debt problems can set you apart from those that end up completely underwater; possibly losing their vehicles or homes.

Debt Relief Steps

First, organize information related to your debts, such as your balances and any penalty fees. Determine whether any of these debt are tied to assets or collateral.

Second, organize information related to your income, such as earnings and wages, and assets. Determine whether any of your income or assets  are at risk of repossession, foreclosure, or lawsuits. If any of your debts are tied to assets, you need to immediately contact a Houston bankruptcy lawyer.

Lastly, seek quality legal counsel from a Houston bankruptcy lawyer to review debts and assets.  Your lawyer can discuss all of your options for debt relief, from simple repayment structures, debt settlement or negotiations, and a fresh start through bankruptcy.

If you are concerned about your growing debt burden, or just simply have questions about the different debt relief options available to you, contact our office today to speak with an experienced Houston bankruptcy lawyer.