ENERGY, BUSINESS AND BANKRUPTCY ATTORNEY IN HOUSTON, TEXAS

Personal finance is never easy to deal with, whether you reside in Houston, Conroe, or anywhere in The Woodlands in the State of Texas. No one is taught how to really deal with debt, or how to deal with creditors, especially if it results from an injury or illness. Often the problems can seem insurmountable, but this thought  just makes it worse.

Creditors also break the rules at time and it's important to have an attorney who understands them and can help guide you so you make the best possible decision.  

Sometimes bankrupty can be prevented and we look at those options too.  Creditors often are willing to settle cases, if it means the alternative is to recover nothing in bankruptcy. 

There are two types of bankruptcy for individual debtors.  What is the difference?

Chapter 7 Bankruptcy, also known as “liquidation bankruptcy,” eliminates your debt by taking your non-exempt property (if you have any) and selling it. The money from those sales goes toward things like your hospital bills or credit card debts.  

On the other hand, Chapter 13 Bankruptcy, or “reorganization bankruptcy,” takes all of your debts and reorganizes into one simple payment plan that lasts typically about three to five years. The attorneys fees for a Chapter 13 are paid out through the plan.

If you live in the Houston, Texas metropolitan area or your business is located there and you are looking to file for bankruptcy, turn to my firm — Deborah Hubbs, Attorney & Counselor at Law, PLLC — to schedule a consultation and get started today.