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Houston bankruptcy attorneys looking after your best interests
Legal Helpers' sponsoring Houston bankruptcy attorneys are experienced in all aspects of Chapter 7 and Chapter 13 bankruptcy filings. Our Houston bankruptcy attorneys have helped Legal Helpers service over 40,000 clients, discharging $500,000,000 in debt. Our Houston bankruptcy attorneys also have the background and expertise to help you.
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When you hire one of our experienced Houston bankruptcy attorneys, be assured we are looking out for your best interests. In contrast, many debt consolidation loan programs are sponsored by creditors, and are mainly concerned with you paying off your debts. The monthly fees in these loan programs can be steep, usually about 10% of the loan consolidation.
The Texas bankruptcy attorneys from Legal Helpers will study your finances carefully, explain alternatives and suggest practical financial solutions including Chapter 7 and Chapter 13 bankruptcy filings.
Chapter 13 debt consolidation filings
Chapter 13 bankruptcy allows you to reorganize your finances by consolidating your debts into one monthly payment. When you file a Chapter 13 bankruptcy you receive a court injunction that prevents almost all collection activity against you. This injunction has the power to stop foreclosures, repossessions, garnishments, license suspensions and creditor harassment. You can pay as little as 10% of the unsecured debt back and eliminate the other 90%. Your reduction in principal owed allows you to pay your debts off more quickly than through other consolidation plans - between 3 and 5 years. Any debt in existence prior to the filing does not accrue any more late fees and usually will be repaid interest-free. All of the money you pay your unsecured debt will generally be applied toward principal, drastically reducing the amount of time it takes you to repay a debt.
Chapter 7 bankruptcy cases
This process is provided for under the United States federal law. It may eliminate most kinds of your unsecured debts and is usually recommended for someone with no assets.
A Chapter 7 bankruptcy is one of the most effective ways to immediately stop garnishments. Garnishments can diminish your hard-earned income making it nearly impossible for you to afford basic necessities. By filing a Chapter 7 and stopping the garnishment, you will be able to use your income for more important necessities in life.
Beware - not all credit counseling plans are equal
A good credit counseling plan can be beneficial if it is set up properly and the payments manageable. People with debts totaling over $5,000 should really consult with a lawyer specializing in Chapter 7 and Chapter 13 filings before entering into a credit-counseling program. The attorney will help determine if their client can afford a debt consolidation program. Many debt consolidation programs are private entities, sponsored by creditors and don't have the same strict legal requirements to protect borrowers best interests.
Legal Helpers - The largest and most sophisticated Chapter 7 and Chapter 13 practice
When you hire Legal Helpers to represent you, you get all the resources available from the best in the business. This includes state-of-the-art computer systems, 24-hour information hot line and access to lawyers who answer the phone six days a week and can review your records on the computer quickly.
Legal Helpers' maintains one of the most sophisticated consumer law practices in the country. We remain up to date on the most current industry trends and information.
Use our free legal evaluator to see if you should contact Legal Helpers