Financial security is important to many people because it is what helps them build a future with a home, car and investments. Unfortunately, life events may not always cooperate and sometimes individuals get so far behind on payments that they are in danger of losing everything they have worked so hard for. When this happens, there are several options to consider such as credit counseling, debt consolidation, debt settlements or, as a last resort, bankruptcy.
The first three solutions can be handled through certain agencies or by working directly with the creditors to let them know your situation and work out a repayment plan that can be handled by your budget. Sometimes the credit score can be affected but the consequences are not as long term as what happens if you file for bankruptcy. This process must go through the court system and is handled by an experienced bankruptcy attorney in Houston, TX, due to the complexities of recent law changes.
Many people are under the impression that bankruptcy can resolve their issues and save their home, but it is more complicated than this because Texas law allows for creditors to have their say before the courts make final decisions. As an individual, it is in your best interest to have legal representation that can help you navigate the paperwork, filings and discussions that may take place. Once you have established the circumstances and worked out a reasonable repayment plan, then it is critical to stay with it or risk giving the creditors the ability to lift any type of stay and proceed with foreclosure procedures.
It is never easy trying to get yourself free of a financial burden that has built over time but seeking the help of a qualified bankruptcy attorney in Houston, TX can ensure that you get the answers to your questions that you need. Go online today and find someone experienced in the industry and schedule a free consultation with them to decide which course of action is right for you and your family. Financial stress does not have to last forever when answers are just a phone call or website away.