Advantages of Filing for Bankruptcy
Because of the difficulties of today’s economy, bankruptcy has become increasingly common. In fact, almost 1.4 million people filed for bankruptcy in 2011 alone. Now, more and more people are resorting to bankruptcy to help them solve their financial problems, as this legal process offers a number of important benefits to people facing overwhelming debts.
If you or a loved one is considering filing for bankruptcy and has questions about the process or wants to know which form of bankruptcy is right for you, contact an experienced Houston bankruptcy attorney of the Russell Van Beustring P.C., today by calling 713-973-6650.
The Many Benefits of Bankruptcy
Although many people are concerned about the impact that bankruptcy can have on their financial reputation, this process can actually help you do away with your debts so that you can begin rebuilding your credit and increase your credit score. Other benefits of bankruptcy include:
- Reaching agreements with creditors with help from bankruptcy trustees
- Protecting yourself from creditor harassment
- Negotiating with creditors for lower payments
- Formulating repayment plans that suit your income
- Allowing you to regain financial independence and start over
Fortunately, you are not alone in your pursuit of financial freedom. A knowledgeable Houston Chapter 13 lawyer or Houston Chapter 7 lawyer can help you determine which type of bankruptcy is best for you before guiding you through this process.
If you are thinking about filing for bankruptcy, do not hesitate to reach out to a qualified Houston bankruptcy attorney of the Russell Van Beustring P.C.. Contact us today at 713-973-6650.