Bankruptcy Protection Lawyer in Houston, TX
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Bankruptcy Protection Lawyer in Houston, TX
It doesn’t take long for debt to go from manageable to insurmountable. One extra credit card or loan can push you over the edge, and then you can’t keep up. If your debt is overwhelming, bankruptcy protection might be the answer. Contact a Houston, TX, bankruptcy protection lawyer to determine if a chapter 7 or chapter 13 bankruptcy filing is what you need to overcome your debt.
How to Start the Bankruptcy Process in Houston, TX
Your Houston, TX, bankruptcy protection lawyer must review different documents before starting the bankruptcy process. You will need:
Is Chapter 7 Bankruptcy Right for You?
Chapter 13, or reorganization, bankruptcy, is a good option if you are overwhelmed with debt but want to keep your assets. This form of bankruptcy is open to sole proprietors and individuals who have the means to make monthly payments toward their unsecured debt obligation. The court-approved payment plan generally takes three to five years to complete, and at the end of the plan, any remaining unsecured debt is discharged. You can also use chapter 13 bankruptcy to catch up on missed mortgage and vehicle payments. This allows you to get a handle on your bills, putting you in a much better financial situation.
Credit Damage and Bankruptcy in Houston, TX
Your credit score will drop if you file for bankruptcy. However, you can start rebuilding your credit score immediately. Many people can even get new car loans and credit cards before their bankruptcy is over. If you want to improve your credit score quickly, join the 7 Steps to a 720 Credit Score Program at the Ciment Law Firm. This free program will help you rebuild your credit in 12 to 24 months.
Contact Our Bankruptcy Protection Lawyer in Houston, 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,
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.