Bankruptcy Protection Lawyer in San Antonio, TX
If you’re drowning in debt, you probably wish you could turn back time. Then, you could avoid taking on too much debt. Going back in time might not be an option, but you can wipe the slate clean with bankruptcy protection. Learn more and then discuss your situation with a bankruptcy protection lawyer in San Antonio, TX.
Gather These Documents Before Filing for Bankruptcy in San Antonio, TX
Before your San Antonio, TX, bankruptcy protection attorney can file on your behalf, he or she must review your financial documents. Bring the following documents with you to your consultation:
- A list of your assets and possessions
- A list of your secured and unsecured debt
- All of your monthly living expenses
- A list of large purchases from the last two years
- Proof of income such as pay stubs from the last six months
- Bank statements for all accounts for the last six months
- The last two years of tax returns
The Means Test for Chapter 7 Bankruptcy in San Antonio, TX
There are two ways to qualify for chapter 7. First, you will be eligible if your income sits below the state’s median income for identically-sized households. Second, you can qualify if you pass the means test. This test is used to calculate your income and expenses to see how much disposable income you have each month. Your San Antonio, TX, bankruptcy lawyer can help you determine if you meet the requirements to file for chapter 7 bankruptcy.
Will Bankruptcy Destroy Your Credit?
Your credit score will go down after you file for bankruptcy. The filing will remain on your credit report for up to a decade and will continue to impact your score.However, you begin rebuilding your credit right after filing for bankruptcy. Many people are even eligible for credit before the bankruptcy is discharged. If you want to accelerate the process, sign up for the free 7 Steps to a 720 Credit Score Program at the Ciment Law Firm.
Contact Our Bankruptcy Protection Lawyer in San Antonio, TX
You don’t have to navigate the process on your own. A San Antonio bankruptcy protection lawyer from the Ciment Law Firm is here to help. Call the Ciment Law Firm at 833-779-9993 to go over your case.
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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.
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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.
