Bankruptcy Protection Lawyer in Katy, TX
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Bankruptcy Protection Lawyer in Katy, TX
The stress grows each day you can’t pay your bills. You worry about the collection process escalating to a lawsuit, and you aren’t sure what to do. If you cannot repay your debt and want to start over with a clean slate, consider bankruptcy protection in Katy, TX. Chapter 7 and chapter 13 bankruptcy are both ways to put your debt behind you and begin working toward a stronger financial future. Get the details about filing for bankruptcy, and then contact a bankruptcy protection lawyer to go over your case.
How to Prepare for Bankruptcy in Katy, TX
When you schedule a consultation with a bankruptcy protection lawyer in Katy, TX, he or she will ask you to bring documents with you. You will need:
Understanding Chapter 7 Bankruptcy in Katy, TX
Chapter 7 bankruptcy is what people usually think of when considering bankruptcy protection. If you choose this option, you will have to hand your non-exempt property over to a trustee, if you have any. The trustee will liquidate the property and use the proceeds to pay your creditors. Then, all remaining unsecured debt is discharged. This usually occurs within three to five months of filing. Chapter 7 has strict eligibility requirements. You must pass a means test to prove that you cannot repay the debt. The means test considers various components of your finances, so it’s best to speak to a Katy, TX, bankruptcy protection lawyer to see if you qualify.
What Does Filing for Bankruptcy Mean for Your Credit?
If you file for bankruptcy, you will experience short-term credit damage. Your score will go down drastically when you file. The bankruptcy will stay on your report for up to 10 years. Even so, you can see a marked improvement and even qualify for credit after filing. You can improve your credit even faster by joining the free 7 Steps to a 720 Credit Score Program at the Ciment Law Firm.
Contact Our Bankruptcy Protection Lawyer in Katy, TX
Bankruptcy is complex, and if you make a mistake during the filing, you might have to start from the beginning. Avoid this problem by getting help from a bankruptcy protection lawyer in Katy, TX. Call the Ciment Law Firm at 866-284-9703 to get the help you need when filing for bankruptcy.
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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,
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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.