Considering how to escape
a financial dead-end?
Choosing bankruptcy may be your obvious solution.
Considering how to
escape a financial
dead-end?
Choosing bankruptcy may be your obvious solution.
If you cannot repay debts as you pay for your day-to-day expenses, bankruptcy is something to be considered sooner rather than later. Contrary to popular opinion, bankruptcy isn’t the end of the world. Depending on your situation, it may even be good for you. It’s certainly better for peace of mind as it stops collection calls, lawsuits and wage garnishments. Your debt is eliminated and may even help your credit scores.
If you don’t qualify for a Chapter 7, a Chapter 13 requires a three to five-year repayment plan, which most people don’t complete. (Half of Chapter 13s filed between 2007 and 2013 were dismissed, and an additional 12 percent were converted to Chapter 7s or other types of bankruptcy, according to an American Bankruptcy Institute analysis of Justice Department figures.)
One piece of advice is certain: Don’t wait too long to learn more about your bankruptcy (and other) options. The first place to start is to read Liz Weston’s (of Nerdwallet.com) entire article, When Bankruptcy is the Best Option.
Get the Experienced Texas Bankruptcy Attorney You Deserve!
Are you tired of Debt? Are you behind on your house, vehicle, and other secured debts? Don’t let bankruptcy fears paralyze you and keep you from getting the legal relief you need. Federal law can allow you an opportunity to save your home and cure your mortgage arrears through a repayment plan. Federal law can allow you to restructure your vehicle notes. Federal law may allow you to eliminate your credit card debt by filing for bankruptcy!
Our Law Firm will analyze each financial situation and help determine which Chapter is best for you. We have helped thousands get rid of, reduce, and/or reorganize their debt the right way AND the best way for each individual situation.
Barron & Barron, LLP has filed more bankruptcy cases than any other attorney in the Eastern District of Texas in the last 24 years. We have over 60 combined years in the Bankruptcy field. One of our cases has even reached the United States Supreme Court. We have had numerous cases presented to the United States Fifth Circuit. We will fight to protect your rights to give you the best results.