Help With Foreclosure

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Need Help with Foreclosure?

House in the snow

We save houses every month

If you need help with foreclosure, don’t be scared because you are not alone.  Many people in Texas find themselves in financial difficulty and in danger of losing their home in foreclosure.  In fact, Texas foreclosure rates continue to climb in many metropolitan areas across the state.  If you need help with foreclosure of your home, the leading Houston consumer law firm of Busby & Associates can help.

Two Ways We Help With Foreclosure and STOP it

We help with Foreclosure by filing Chapter 7 bankruptcy or filing Chapter 13 bankruptcy

Chapter 7 Bankruptcy

Chapter 7 bankruptcy, sometimes called a straight bankruptcy, is a liquidation proceeding. The debtor turns over all non-exempt property to the bankruptcy trustee who then converts it to cash for distribution to the creditors. The debtor receives a discharge of all dischargeable debts usually within four months. In the vast majority of cases the debtor has no assets that he would lose so Chapter 7 will give that person a relatively quick “fresh start”.

Under a Chapter 7 bankruptcy, the debtor does not have to pay most unsecured debts but there are some exceptions, including child support, some income taxes, most student loans and most criminal fines.  An individual can file Chapter 7 again if it has been more than 8 years since he or she was discharged from the previous Chapter 7 bankruptcy.

 Chapter 13 Bankruptcy

In a Chapter 13 or “wage earner’s” plan, a debtor has up to 60 months to pay all or part of his debts, including mortgage and charge cards.  A Chapter 13 bankruptcy is also known as a repayment or reorganization bankruptcy.  Usually no property is lost, but this depends on individual circumstances.  In order to keep your home, you must keep your regular mortgage payments current beginning the next installment date after the filing of your Chapter 13 Petition.  Your plan will provide for payments of all past-due monthly installments due before the filing date.

This type of bankruptcy appeals to individuals who have non-exempt property that they want to keep. It is also an option for individuals who have predictable income and whose income is sufficient to pay their reasonable expenses with some amount left over to pay off their debts.

 Reasons for Filing Bankruptcy

There are several reasons why people file bankruptcy. These include unemployment, marital problems, high medical expenses, overextended credit, and other large unexpected expenses.

Federal Bankruptcy Law

Federal bankruptcy law provides a means of relief for people in crisis.  It is ideal for people needing help with foreclosure.  You can save your house and your car while holding off the I.R.S.  You can protect yourself from lawsuits.  You can take control of your credit card debt on a payment schedule that you can afford.  And your creditors have to abide by the court’s ruling because it’s federal law.  One of the main purposes of bankruptcy law is to give the debtor, who is hopelessly burdened with debt, a fresh start by wiping out his or her debts.   The debtor’s debt is erased when he or she is discharged.

Your spouse will not be affected by your bankruptcy if he or she is not responsible for any of your debt.  However, in community property states like Texas, either spouse can contract for a debt without the other spouse’s signature.  A major exception to this rule is that the signatures of both spouses are required on a contract for the sale or purchase of real estate.

The federal bankruptcy law can help you resume your normal life under a court-supervised plan set up so you can afford to meet your financial obligations.  Your problems can continue even after foreclosure if you fail to get help!  If you merely walk away from your foreclosed home, you may still be liable for taxes if the mortgage holder sells your property for less than is owed on it.  The mortgage holder can file a deficiency judgement against you to make up the loss. Also, your homeowners association can pursue you for unpaid assessments and fees. Protection is available if you act immediately! Help With Foreclosure is what we do each and every month.

 Keep Your Property

Depending on the plan chosen, you may be able to:

  • Keep your house – They can’t foreclose even if you’re behind.
  • Keep your car – They can’t repossess it.
    • Erase debts owed to the Internal Revenue Service – They can’t seize assets.  Even some income taxes can be completely wiped out.

Erase credit card debts – They have to take what you can afford to pay.

We can help you beat the foreclosure deadline and protect your property.  Call us now at (713) 974-1151 and let us reassure you.  Don’t be a victim whose failure to act causes lasting regret.  Let the federal law work to help you.

We have saved thousands of houses over the last thirteen years. We can Help With Foreclosure in Texas.

Please visit our website for more information about us and bankruptcy. You may also view our video with Bankruptcy Information.

Call us today at (713) 974-1151 to schedule a no-obligation consultation or feel free to email us at

We provide bankruptcy services in the greater Houston metro area including the cities of Katy, Sugarland, Pearland, Friendswood, Clear Lake and Galveston. We also handle cases from The Woodlands, Spring and Tomball and cases in Baytown and Channelview.

We handle bankruptcy cases in all of these counties: Brazoria, Chambers, Galveston, Matagorda, Austin, Brazos, Colorado, Fayette, Fort Bend, Grimes, Harris, Madison, Montgomery, San Jacinto, Walker, Waller, Wharton