Eliminate Debt In Bankruptcy

In today’s times, millions are facing financial hardship and the risk of their homes and property. The COVID pandemic has caused immeasurable burdens on families all across the nation. With more people out of work and on the brink of eviction, many people are scrambling to find help. Fortunately, our Houston bankruptcy lawyer office can help!

Debt Relief, Fast

Bankruptcy can eliminate many debts and help you regain control over your finances. Chapter 7 and Chapter 13 bankruptcy cases help debtors get back to financial stability and restore their credit.

Chapter  7 bankruptcy is commonly referred to as “straight bankruptcy” or liquidation bankruptcy. It allows you to eliminate most unsecured debts, such as credit card bills, medical debts, personal loans, and some mortgages. If you have unsecured debts of $10,000 or less, you may be eligible for a straight bankruptcy.

Chapter 13 bankruptcy is commonly referred to as “wage earner’s bankruptcy.” In this type of bankruptcy, you keep all your property and pay some or all of your unsecured debts. The court approves a repayment plan that lasts three to five years. You make regular payments to a trustee, who distributes the payments to your creditors. Chapter 13 bankruptcy may be a good option if you have a steady income and want to keep your property.

Contact our Houston bankruptcy lawyer office today to learn more about how we can help you end your debt problems!