Bankruptcy receives a lot of negative publicity. There is very little talk about the positive side of bankruptcy. Millions of people have filed for bankruptcy protection.
Personal bankruptcy was designed to: eliminate or reduce debt, stop foreclosure proceedings as well as repossessions, stop creditor harassment, and give people a fresh start. A lot of people have been able to eliminate debt by filing for a chapter 7 bankruptcy. Others have been able to stop foreclosures and vehicle repossessions by filing a chapter 13. No matter which one you file, bankruptcy is used to help the debtor in their time of need.
For more information on bankruptcy in or around the Houston area, schedule a free meeting with a bankruptcy lawyer from the Rashid Law Firm by calling us at 832-209-8833 to schedule a free initial consultation. We are here to help.