Houston Bankruptcy Attorney

Common Bankruptcy Myths

In this day and age, it is becoming sadly easier to fall into debt, losing your footing and sliding down the slippery slope. Credit card companies are not there to help you either, as they are only concerned with being run like a business and focusing on the bottom dollar. When you reach a point when you are no longer able to keep your head above water, it is vital that you begin to look into the possibility of filing for bankruptcy. By contacting a skilled, knowledgeable Houston bankruptcy attorney, you can get your questions answered, whether you are curious about the bankruptcy process, the timeline, warning signs, or even possible alternatives.

If you choose to pursue bankruptcy, there are several popular myths that the right lawyer will be able to help you debunk. Some common myths include the idea that filing for bankruptcy will mangle your credit for at least ten years. While bankruptcy will negatively impact your credit and will appear on your credit report for several years, there is no reason that following filing for bankruptcy that you could not begin rebuilding your credit. By working with the right companies and making smart, financially sound decisions, you can begin to set your life back on track once more.

Another popular myth is that you can file for bankruptcy as many times as you want, unlimited. There are, however, limits placed on Chapter 7 and Chapter 13 filings that you must abide by. For Chapter 7 bankruptcies, you can only file once every eight years. If your case is dismissed and you file within a year, you will undergo certain restrictions, such as your automatic stay only lasting thirty days. You will need to file a motion for a judge to consider extending your stay.

If you or a loved one are struggling with debt and considering filing for bankruptcy, it is vital that you contact a bankruptcy lawyer at the Malaise Law Firm with the knowledge and experience to help you get back on your feet once more. By looking over all the details and helping you understand the process, you can be confident that your attorney will keep your best interest at heart and your future protected.

Contact a Houston Bankruptcy Lawyer today if you are considering filing for bankruptcy.