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Some basic facts about bankruptcy

DISCLAIMER: These are general rules, not applicable to everyone, and each one has exceptions.


The following are some basic facts about bankruptcy:


1. Bankruptcy stops collectors from calling and sending bills.

2. Bankruptcy stops foreclosure.

3. Bankruptcy stops repossession.

4. Bankruptcy eliminates debt.

5. Bankruptcy stops wage garnishment.

6. Bankruptcy can eliminate a second mortgage.

7. Bankruptcy can reduce your car's balance and interest rate.

8. You do not lose your property (home, car, money, etc..) when you file bankruptcy.

9. Bankruptcy stops lawsuits.

10. Bankruptcy does not eliminate student loan debt.


If you want to learn more about the basics of bankruptcy, contact the Rashid Law Firm at 832-209-8833, we have offices by appointment throughout Houston, TX.

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Algunas cosas básicas sobre la bancarrota


1. La bancarrota para a los acreedores de llamar y mandar cartas de cobro.

2. La bancarrota para la ejecución de hipoteca.

3. La bancarrota para la reposesión de auto.

4. La bancarrota elimina deuda.

5. La bancarrota para el embargo de sueldos.

6. La bancarrota puede eliminar su segunda hipoteca.

7. La bancarrota puede reducir el balance de su auto y el interés.

8. No pierdes su propiedad (casa, auto, dinero, etc...) cuando aplicas para la bancarrota.

9. La bancarrota para las demandas.

10. La bancarrota no elimina deuda de préstamos estudiantiles.


Estos son reglas generales, no aplican para todas las personas, y cada una tiene excepciones.


Si quieres saber más sobre las cosas básicas de la bancarrota, llame al Lcdo. Rashid al 832-209-8833 para una consulta gratis. El Lcdo. Rashid es un abogado de bancarrota en Houston que habla español perfecto. Tenemos oficina por cita por todo Houston.




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©2021. The Rashid Law Firm. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Disclaimer: This Website contains general information. The information on this Website is not intended to be legal advice and viewers should consult with an attorney.

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