Top Bankruptcy Attorney In Harrison County, TX

There are many myths and misconceptions about bankruptcy and the process of filing for bankruptcy. One common belief is that you can save money by managing your bankruptcy without hiring a lawyer. However, this is not true. In fact, it could cost you more in the long run if you don't have someone experienced to guide you through the process. That's why it's essential to consult with a reputable bankruptcy law service before taking any action. The only way to fully ensure bankruptcy is even the most restorative option in your situation is to consult an expert. Further, you will need to develop a strategy for dealing with creditors that may not be willing to let go of your debt very quickly. Additionally, you must select the type of bankruptcy you will be filing for and be informed of all your options and legal rights. There are many steps involved in planning a bankruptcy, but it doesn't have to be a challenge with the aid of one of our Harrison County law offices.

Before proceeding with bankruptcy, you should know how it works and understand the primary forms of bankruptcy available to you. One important note is that a bankruptcy will not necessarily erase or revise your financial history. It is important to know that bankruptcy will likely stay on your credit report for many years. For example, a Chapter 13 bankruptcy will remain on your credit report for up to seven years, and a Chapter 7 can impact you for up to ten. The bankruptcy process can last months, so if you are facing the possibility of experiencing overwhelming debt, it is wise to act now and consult with a bankruptcy law firm near you.

Phone IconTalk With Mike(888) 402-5557

Small Business Bankruptcy Attorney Near Me

Harrison County, TX

If your small business is in troubling financial standing, you may want to consider filing for Chapter 13 bankruptcy. This type of bankruptcy allows for the elimination of qualifying debt. However, some debts may only be reduced under a Chapter 13 bankruptcy rather than wiped away. Although you may still have some debt, your bankruptcy lawyer will then work with your creditors to negotiate a repayment plan and set up a financial plan to help your business get back on its feet.

One significant benefit of filing for Chapter 13 bankruptcy with a top debt relief attorney in Harrison County is the ability to continue operating your business as usual throughout the entire bankruptcy process. A chapter 13 bankruptcy lawyer can provide some much-needed stability and peace of mind during what is often a difficult and stressful time.

If you're facing financial difficulties, don't hesitate to contact a qualified professional for help. A small business bankruptcy attorney can be valuable in protecting your financial interests and getting your business back on track. Our Harrison County bankruptcy law firm can help you save time and money and develop a strategy that will give you the best chance at success. For your convenience, Mike Wallace, P.C. is an individual and business bankruptcy lawyer operating in multiple Harrison County, TX locations.

Phone IconTalk With Mike(888) 402-5557

Chapter 7 Bankruptcy Lawyer In Harrison County

Harrison County, TX

Filing for chapter 7 bankruptcy is often the last resort for individuals in a dire financial situation. Common reasons someone might need to file for bankruptcy include various life-changing events such as:

  • Losing a job
  • Divorce
  • Excessive credit card use
  • Natural disasters
  • Medical bills
  • Income decreases or wage cuts
  • Facing the possibility of foreclosure

If you struggle to repay your debts, you may be eligible to file for bankruptcy under Chapter 7 of the Bankruptcy Code. This allows individuals or business entities to get a fresh start by discharging their debts. However, if you have had a bankruptcy petition dismissed in the past 180 days due to your failure to appear in court or follow court orders, you will not be able to file again. Therefore, you must seek professional help and advice before taking this step. This way, you get it right first and avoid unnecessary delays in recovering your business.

Chapter 7 or Chapter 13 bankruptcies are often great strategies when facing financial difficulties, but exploring all your options with a qualified attorney is essential. There are other chapters you may qualify for as well, or additional legal options may be available to you that can help get your finances back on track. Don't forget to make yourself aware of all the tools at your disposal before making any decisions. If you are struggling with debt, whether from a reduction in income, high credit card balances, or unforeseen medical expenses, filing for bankruptcy may be your best option for debt relief. Bankruptcy can help you get a fresh start by discharging your debts and allowing you to rebuild your credit.

Phone IconTalk With Mike(888) 402-5557

Accessibility Close Menu
× Accessibility Menu CTRL+U