Many people with jobs have been led to believe they are not eligible for debt relief under the not so new bankruptcy law. The truth is: Most people with serious debt problems can file for bankruptcy. In fact, I have helped many people file Chapter 7 bankruptcy who were told by other attorneys that they did not qualify due to the means test.
There are many myths about personal bankruptcy that people have heard from credit card companies, banks, family members, and even lawyers. I can dispel those myths and help you understand your rights under new bankruptcy law.
In today's economy many people find themselves overburdened with debt. Circumstances beyond your control may have created a situation where you are unable to pay all of your bills as they come due and still provide an adequate standard of living for your family. Studies show that the most common reasons for financial stress include the loss of a job followed by the inability to find work that pays as well as the lost job, chronic illness, medical expenses, divorce, credit card debt, payday loans, business failures, and the foreclosure crisis.
Most people in the United States do not have adequate savings to provide a cushion during tough financial times. When faced with a financial crisis, many people must borrow money to weather the storm.
As the economic downturn continues, many Americans are turning to the bankruptcy system to help them get a fresh financial start. Most people who are interested in learning more about bankruptcy are concerned with an automobile repossession, harassment by creditors, home foreclosure, lawsuits or Internal Revenue Service or other tax seizures.
If you qualify, filing a chapter 7 or a chapter 13 bankruptcy case may allow you to stop a home foreclosure, to stop an automobile repossession, to stop a tax seizure, and it will stop all state court actions where you are being sued for debts.
I'm Fred E. Walker, a bankruptcy lawyer in Austin, Texas. I am certified by the Texas Board of Legal Specialization in Consumer Bankruptcy Law. In the past 30 years, my office has helped more than 30,000 people in Austin, Cedar Park, San Marcos, Georgetown, Round Rock, and other Texas communities obtain debt relief under U.S. bankruptcy laws.
Filing bankruptcy may allow you to put an immediate stop to lawsuits, foreclosures, and repossessions. Bankruptcy can also allow you to keep assets such as your home and car. Many of my clients have been able to retain their assets and eliminate their unsecured debt, including credit card bills, hospitals bills, and payday loans by filing personal bankruptcy.
If you are facing wage garnishment, creditor harassment, liens, or other debt problems, don't wait to get relief. For your peace of mind, call me today at 512-330-9977 or fill out our simple contact form.