Austin, Texas Legal Helpers

A flagging economy looms large in Austin, Texas.  People are struggling all over; you aren’t the only one under the weight of financial worry.  It is hard faced with the possibility of losing everything you have worked so hard to acquire. 

 

One solution can help. Consider bankruptcy, perhaps the best way to ensure that you can eliminate your debt and get a fresh start.  Here are a few options available to you in Texas that you should consider.

 

• Perhaps the most common type of bankruptcy is a chapter 7.  Chapter 7 bankruptcy completely eliminates all debt.  There are certain debts that are not eligible for Chapter 7. Consult a bankruptcy attorney to find out if you qualify for Chapter 7 bankruptcy.

 

• For some people, chapter 13 bankruptcy may apply. This form of bankruptcy is a reorganization of your debt.  Careful consideration is taken of your income, the amount of debt and you’re ability to pay.  A repayment plan is then established by the court. You pay the court appointed trustee the required amount each month.  While it will take longer to get out of debt, you can keep your home and other valuable assets.

 

Filing bankruptcy is not anyone’s idea of fun, but it’s important to focus on what you need to do to get back where you need to be financially. 

 

Legal Helpers can assist you throughout the process and give you much needed peace of mind during this trying time.  All you have to do is start with a free debt evaluation. Start on your road to financial freedom and security.  Everyone deserves a second chance.