Houston Bankruptcy Advice

Consult with our firm for the Houston bankruptcy help you need

Persons and businesses facing financial hardships may consider bankruptcy as an option.  But in fact, bankruptcy is really several different options, and depending on your circumstances, you may be better served by one form of bankruptcy over another.  Our law firm offers experienced Houston bankruptcy help to consumers and businesses.  We can help you understand your options and choose the best path for your unique situation.

Understand the options

When financial liabilities exceed assets, and no clear way of meeting financial obligations appears available, bankruptcy can provide a formal procedure toward insolvency and the legal settling of debts.  Bankruptcy is available when all other debt payment measures have failed, and when unpaid debt amounts are clearly beyond the capacity of the debtor to repay.

Protections

Bankruptcy law includes protections for both the debtor and the creditor.  The debtor can be protected from ongoing harassment from creditors and collections agencies, and can also protect certain assets from seizure.  Bankruptcy can also allow accumulated financial obligations to be discharged after remaining assets are distributed.  Meanwhile, creditors can be assured that any resources available to settle debts are apportioned properly and that payments will be administered by a third party.

Process

Federal bankruptcy cases are overseen by a judge who is a judicial officer of the United States district court.  The judge may rule on any matter associated with bankruptcy, such as filing eligibility and whether specific debts should be discharged.  The administrative details of each bankruptcy case are handled by a court-appointed trustee.  While there are many ways to secure bankruptcy advice, the best way is to consult with an experienced bankruptcy attorney.

Ramifications

Many people worry about ever being able to clear their credit history and gain credit approvals following a bankruptcy.  We have found that, after some time has passed, more emphasis is likely to be placed by potential lenders upon present income and savings, and the ability to make a down payment, than on a previous bankruptcy filing.  Most lenders will examine your payment history and credit score to see that you have been paying bills on time since the discharge of your bankruptcy.  By paying bills on time, you can reassure lenders of your credit-worthiness and your credit score will rise.

Get the legal assistance you need

The Law Offices of Jack N. Fuerst, P.C. have extensive experience representing consumers and businesses facing bankruptcy.  Contact us at 1-866-641-0123 or through our convenient online form to talk about your situation.