Deer Park Bankruptcy Lawyer

Benefits of Bankruptcy

My firm, Dennis M. Slate, Attorney at Law, has favorably assisted thousands of clients with their bankruptcy matters regardless of how bleak the situation may have seemed. Some people are concerned about how they may be perceived if they file for bankruptcy, however , the purpose of bankruptcy is not to punish those who must file; it is to provide debt relief to those individuals who want a fresh start.

While bankruptcy is not right for everyone, if you qualify and decide that bankruptcy is right for you, there are many benefits to be gained. All or most of your debts can be discharged by the courts, repossession of vehicles and other property can be halted and bankruptcy can stop foreclosure of your home. Creditor harassment will cease and if your wages are being garnished, this can end as well. Your utilities will not be cut off and in the event that this has already happened, the utility companies will have to restore service to you. If you are involved in a debt lawsuit, your bankruptcy petition will put this legal action on hold. The matter will be disposed of as part of your bankruptcy case. A knowledgeable Deer Park bankruptcy attorney from my firm can also assist you with credit restoration programs so that your life after bankruptcy is financially stable.

Types of Bankruptcy

There are two common types of bankruptcy that individuals can file. The first is Chapter 7 which allows a person to have their debts legally discharged by the bankruptcy court. You may sell some of your assets to pay a portion of your debts but there are exemptions available that protect key property including your home, vehicles and other important valuables. Chapter 13 allows your debts to be restructured so that you can continue to pay them off in a manner that you can afford over a reasonable period of time. I will assist you with your decision as to which chapter you should file and can take the process through to the end.

Contact a Deer Park bankruptcy lawyer from my office to discover the many benefits of filing bankruptcy and how this can help your financial future.