Bankruptcy Protection Lawyer in El Paso, TX
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Bankruptcy Protection Lawyer in El Paso, TX
Are you worried about how you’re going to repay your debt? Do you stay up at night wondering if debt collectors are going to file a lawsuit against you? The stress can be too much to bear, but you do have options. Find out about filing for chapter 7 or chapter 13 bankruptcy protection in El Paso, TX. Then, you can consult with a lawyer to begin the process.
Documents to Bring for Your Bankruptcy Consultation in El Paso, TX
If you want to file for bankruptcy, you must gather some documents. Your El Paso, TX, bankruptcy protection lawyer will need to review:
Income Requirements for Chapter 7 Bankruptcy in El Paso, TX
Chapter 7 bankruptcy allows you to discharge your debts within three to five months. You must pass the means test to qualify for chapter 7. The means test determines if your debts and expenses are too large for you to repay every month. Your El Paso, TX, bankruptcy protection lawyer will evaluate your financial situation and apply the means test to see if you qualify. If you do, your attorney will help you move forward with chapter 7.
Credit and Bankruptcy in El Paso, TX
Filing for bankruptcy will have an immediate effect on your credit score. It will lower your score drastically and will remain on your credit report for up to 10 years. However, there is a myth that you can’t improve your credit score as long as the bankruptcy is on your report. By making smart financial decisions, you can begin to see improvement immediately. You can then continue to improve your credit score, so you’ll be on sound financial footing when it’s removed from your report.
Contact Our Bankruptcy Protection Lawyer in El Paso, TX
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Why Choose The Ciment Law Firm, PLLC?
- Free Consultation – Find out which debt resolution option is best for you during a free consultation.
- Positively Reviewed – Our firm has numerous positive reviews on Google, Avvo, and other websites.
- Options for All Needs – From bankruptcy protection to judgment lien releases and student loan assistance, our firm provides ample options to resolve your debts.
- Experience on Both Sides of the Field – Daniel Ciment started his career at a debt collection law firm and now protects those in debt. His experience on both sides allows him to find solutions for his clients.
- Compassionate and Transparent – Patient and knowledgeable, the team is available to answer all questions and explain the process so that clients can reach their desired outcome.
- Six Office Locations – Schedule your appointment at an office in Katy,
Real Clients, Real Testimonials
Cloud Title On Homestead
You must have a clear title when refinancing or selling a home, which is why an abstract of judgment is problematic. The judgment lien creates a title defect or a cloud on the title. This means that there is an unresolved issue that must be addressed before making any real estate transactions. Title companies enforce the lien as a way to protect themselves in case the home isn’t eligible for homestead exemption because it’s not your primary residence. If a title company allows the transaction to proceed and the property isn’t your homestead, it has to pay the judgment. Fortunately, a Texas judgment lien release lawyer can remedy this issue.
Getting A Full Release
In some instances, you have to get a full judgment lien release. This completely releases the judgment, so it isn’t attached to you or your property. There are normally two options for obtaining a full release. First, you can pay the judgment in full. If you don’t have the means to do that, your Texas judgment lien release attorney might be able to negotiate a settlement. If the creditor accepts the settlement, you will receive a full release once it’s paid. Without taking action, the judgment will remain valid for 10 years. It’s important to contact a judgment lien release attorney to go over your options if you need a full release.
Proof Of Homestead
Judgment creditors often require proof of homestead before signing a partial lien release. Your Texas judgment lien release attorney will help you provide the necessary documents. You might need to submit an affidavit that states that the property is your homestead. The creditor also might require a tax certificate that proves you’ve filed for homestead exemption. In addition, the creditor might ask for affidavits from others that state that the property is your homestead, and you live there. In some cases, the creditor can even require the escrow agent to examine the property to ensure it’s your homestead. Due to the complexity of proving homestead, it’s a good idea to get help from a Texas judgment lien release attorney.