Deer Park Bankruptcy Lawyer

Your Life after Bankruptcy

It is not uncommon for an individual to wonder what life will be like after their bankruptcy is complete. Will they lose their assets, be out of money and unable to obtain credit? Dennis M. Slate, Attorney at Law and the lawyers at this firm have almost 3 decades of success in helping others to overcome the stress and problems associated with unmanageable debts. My firm has assisted thousands in bankruptcy situations and I know that life after can be much more rewarding and stress-free than mountains of debt with no visible solution in sight.

Once you have finished bankruptcy, lawsuits filed by creditors and bill collector activities will be a thing of the past. When a committed Deer Park bankruptcy attorney from my firm determines you are qualified for bankruptcy and files your petition, one of the first actions by the court will be to issue what is termed an "automatic stay." This court order stops creditors from taking any actions to collect on your debts. If you need to stop a foreclosure, resolve wage garnishment, repossessions or obtain relief from creditor harassment, this is one of the first benefits of bankruptcy. The prospect of life after bankruptcy is greatly enhanced when bill collectors can no longer attempt to collect on monies you owe.

Taking Action After Bankruptcy to Improve Your Credit

Asset protection is an important feature of bankruptcy. Texas has extremely helpful exemptions that allow persons to retain important assets such as their home, personal property, vehicles and others. Although completing bankruptcy will remain on your credit rating for some years in the future, it does not mean that the process of credit restoration cannot start once you have filed for bankruptcy.

Whether it is Chapter 7 or Chapter 13, bankruptcy legally discharges your debts and that is its purpose. It gives you the ability to start anew. Without debts, your credit rating can actually improve as your debt to income ratio will have drastically changed. Commonly, within a few years an individual can get credit cards, finance a vehicle or obtain a home loan.

Incorrect management of your finances may have caused your debt situation to occur. My firm works with you towards establishing proper systems and controls to overcome bad habits and replace them with ones that are workable. By rebuilding your credit, paying your bills on time, obtaining a credit card and paying it off each month and other actions, you set the course for a very bright future. The goal of bankruptcy is to give you a fresh start and that gives you hope for the years ahead.

Contact a Deer Park bankruptcy lawyer from my firm to get the positive facts on life after your bankruptcy is completed.