Bankruptcy Attorney Serving Longview, TX

When looking to rent in Longivew, TX you need to know that a landlord can legally refuse to rent you an apartment because of a prior bankruptcy in your credit report. However, if you are presently renting a home or an apartment, your present landlord will typically renew your lease without running an updated credit report, and will probably not know that you filed a bankruptcy. If you are applying for a new lease, you may encounter some difficulties that can be overcome. Offering to make a larger security deposit may be enough to overcome the concerns of a potential landlord or showing that you have a good income with not a lot of other bills and expenses. Basically, they just need to be certain you will be able to pay your rent. 

Bankruptcy Is Not Unforgivable

The word on the streets of Longview, TX is that bankruptcy is “the unpardonable sin”. Nothing could be further from the truth. I know you have many concerns and we are happy to discuss them all with you through our free consultation.

Mike is also working on publishing his first book and it will answer this question and many others. 

Most people choose to consolidate their debt and make large payments while their credit continually drops. With bankruptcy, your credit does take an initial hit but continues to rise from the moment your debts are discharged.

Debt consolidation leaves you vulnerable to creditors and your credit will take much longer to rise to where it needs to be. Most importantly, it gives you a huge bill to pay each month. Who wants that?

We find on average a typical bankruptcy client’s FICO score will increase around one hundred points twelve months after discharge.

We have clients who saw there credit reach a “good” status within just 6 months. 

If you are only paying the minimum required payment on your credit card bills each month (generally about 2% of the outstanding balance), and the interest rate is 20%, it will take you 15-20 years to pay off a $10,000 debt!

Do you really want to be in this same financial situation in 20 years? Filing a bankruptcy with Mike Wallace, will discharge these debts and allow you to get a “fresh start” and get on with living your life.

Note: We tell all our Longview, TX clients that filing bankruptcy may not be the best thing. We go over your specific case thoroughly to decide if it’s right to file or if you need financial consulting and a plan to get you back to a good state. 

No. In some cases you won’t have to. 

When you file your federal tax return sometimes the IRS will consider you eligible to also file what is called an Offer In Compromise. This will allow you to pay much less in taxes for that year, or in some cases none at all depending on your situtation. This usually only applies with Chapter 7 filings.