If you are a Madison County, Texas, resident and concerned that your home is going to be or you know that it is already in the foreclosure process then you need to get legal representation as soon as possible. Finance companies are required to provide a 20 day notice via certified or 1st class mail to the home owner before they can sell it at the Texas home auctions held on the 1st Tuesday of every month. A Chapter 13 bankruptcy can help save your home because it gives you the ability to pay the amount that is in arrears over a 5-year period instead of having to catch up all at once. Don’t worry if you are on your 2nd mortgage because as long as you have no property equity from the 1st loan then you are still able to have this covered and will only need to pay pennies on the dollar for what you owe while the 2nd loan is being stripped. Past home association fees and property taxes are also covered under this type of bankruptcy.

Repossession of a Vehicle

If you want to prevent your vehicle from being repossessed because you are behind on payments to any of the dealerships listed below then you need to speak with someone at Busby & Associates now. An attorney can help file a Chapter 13 bankruptcy so that are given a lower interest rate (around 5%) or only required to pay the current fair market value of the vehicle instead of the owed amount. For vehicles that have been repossessed within the past 10 days, an ’emergency’ Chapter 13 bankruptcy can help get it back providing that you accept responsibility and make payments on the amount in arrears.

Car dealerships in Madison County, Texas: Atkinson Toyota Madisonville, Henson Ford, Henson Motor, Madisonville Automotive Products Inc., Madisonville Autoplex.

Mobile Home Bank Notes

The Madison County mobile parks listed below may house residents who are behind on their payments and in need of legal assistance. A Chapter 13 bankruptcy can help mobile home owners keep their residence and have a 5-year time period for paying the current appraised value for the home. This new amount replaces the previous figure that was on a 15 to 30 year schedule with a lower payment and goal to be reached.

Mobile home parks in Madison County, Texas: April Point Mobile Home Park, Alsey Mobile Home Park, Holiday RV Park, Kreneks Mobile Park, Rolling Ridge Park, Stone Haven Community, Oakwood.

Credit Card Suits

A Chapter 7 bankruptcy can help Madison County residents avoid facing credit card lawsuits which are held at the Justice of the Peace Courts shown below. A Busby & Associate lawyer can help you with the means test to determine if you are eligible based on your income range and total amount of unsecured debt. Credit cards, medical bills and other applicable charges fall under this category and should be counted in the process. If you are approved for the Chapter 7 bankruptcy (under the Chapter 11 Title) then you could have your debt discharged in as little as 4 months and be able to clear up your credit report and start over.

Justice of the Peace Courts:

Madison County Justice of the Peace Court: Precinct 1
Madison County Justice of the Peace Court: Precinct 2

Bankruptcy Need to Know Info:

Madison County, Texas, residents will attend Bankruptcy Court at 515 Rusk, Houston, Texas 77002. The two trustees for Chapter 13 and eight trustees for Chapter 7 filings are located at the Southern District of Texas/Houston Division. Please be advised that bankruptcy is Federal Law.

Busby & Associates Information:

This firm provides legal service and bankruptcy assistance to the following areas in Texas:

Cities within Madison County – Madisonville, Midway, Mormangee, and North Zulch.

Texas Counties – Austin, Brazoria, Brazos, Chambers, Colorado, Fayette, Fort Bend, Galveston, Grimes, Harris, Madison, Matagorda, Montgomery, San Jacinto, Walker, Waller, and Wharton.

Please visit our website for more information about us or view our video with Bankruptcy Information.

Residents can contact our firm at (713) 974-1151 or email us at [email protected] to schedule a no-obligation consultation to discuss your bankruptcy or legal options.