Bankruptcy Lawyer Assisting Clients in Dallas-Fort Worth
Bankruptcy is governed by federal law and it is your right to pursue it. As a result of economic hardship, many people have seriously considered – or have filed – bankruptcy. The Foust Firm, PC has helped many clients as a trusted bankruptcy lawyer in the DFW area. We will advise you of your rights and offer you knowledgeable guidance from beginning to end. Contact us today for a free consultation.
Should I File for Bankruptcy?
Bankruptcy is often a wise decision. As one of its several benefits, bankruptcy puts a legal halt to all collection activity and lawsuits. When you get so far behind on your bills that it looks like you will never get caught up, it can be overwhelming. Creditors eventually call unceasingly to harass and hound you to make a payment. Even though prohibited by fair debt collection laws, they may even begin to call you at work. We have even known them to call distant relatives! Debt collectors can be unscrupulous and unrelenting. As your bankruptcy lawyer, we can help put a stop to their actions.
Are There Other Options for Financial Relief?
While bankruptcy is a great option for many, there is also an alternative to bankruptcy you may want to think about. Generally, when you are considering filing for bankruptcy, your credit score on your credit report has been greatly reduced due to late payments and/or non-payment. The negative information about unpaid creditors or late payments will remain for seven years. Once you file for bankruptcy, the bankruptcy will remain on your credit report for 10 years. Although the credit bureaus must remove this information after the statutory timeframe has lapsed, the history of your bankruptcy most likely will turn up elsewhere. If you want to avoid these issues, we can help you with these alternatives:
- Continue defaulting on your payments until you are offered a debt settlement.
- Ask your creditors to provide you with a modified repayment plan.
- Seek assistance from a nonprofit credit counseling or debt counseling organization.
- Sign up for a debt management program.
Contact Us Today for a Free Legal Consultation
We recommend discussing your circumstances with a bankruptcy lawyer personally to fully understand how the bankruptcy laws and collection laws apply to you. Get started today by contacting The Foust Firm, PC for a free consultation. Call us at (817) 912-0722 or submit the contact form and we will respond within the next business day or sooner.