Your Fresh Start

Bankruptcy carries a negative stigma because many people make the following false assumptions: 1) Everyone who seeks bankruptcy relief is irresponsible, has abused credit and seeks to “wipe out” their debt without accepting responsibility; or 2) If I file for bankruptcy relief, I will lose all my everything and ruin my credit forever.

The truth is that most people who seek bankruptcy protection are good, hard-working people who have faced an unexpected crisis – unemployment, sudden illness, the death of a spouse, divorce, business failure or personal injury.  And, as we have seen recently here on the Gulf Coast, hurricanes and flash flooding can cause the unexpected loss of property and jobs.  If you have suffered recent unexpected loss, bankruptcy may be an option to help you get back on your feet and begin the rebuilding process.

While a bankruptcy will be reported on your credit, people who file bankruptcy are able to improve their credit score sooner than if they ignore the problem. Reorganization and/or discharge of your debts allows you to start over with a clean slate.  Cleaning up past problems through bankruptcy and showing positive financial management skills following bankruptcy can quickly increase your credit score and put you back on track to a stronger and brighter financial future.

Take Back your Financial Future

Bankruptcy law is a powerful tool that can help you resolve your debt problems and move forward toward a brighter financial future.  It can be a responsible way to resolve previous problems and get the fresh start you need to rebuild.  Bankruptcy is not just about getting rid of debt. Rather, it provides you protection from foreclosure, repossession, and creditor harassment so that you can step back, take a breath, and work through a manageable plan for resolving your debts.

Stop Harassing Phone Calls and Threatening Collection Letters

No one deserves to be harassed when they are doing their best after a financial crisis. You can stop the telephone calls and threatening collection letters by filing bankruptcy.  Creditors are not permitted to take any collection action, including contacting you, while the automatic bankruptcy stay is in effect. The stay goes into effect immediately upon filing a bankruptcy petition and continues to protect you throughout the bankruptcy case.

Filing Bankruptcy Will Not Ruin Your Credit Forever

Many people believe they will never recover from bankruptcy. The myth bankruptcy ruins your credit forever is simply not true. You can begin rebuilding your credit rating immediately after your bankruptcy case is discharged.  You can rebuild your credit much quicker by resolving your debts through bankruptcy rather than ignoring the problem and leaving unresolved debts outstanding.

Call Today for the Help You Need to Resolve Your Debt Problems

We understand how you feel if you are facing repossession, foreclosure, or collection lawsuit. We can help.  Contact our office at 281-727-0016 for a free confidential consultation so that we can get you on your way to a better financial future.  For more information about Chapter 7 and Chapter 13, visit our blog post on the subject.