Some people say "bankruptcy" like it's a bad word. Maybe that used to be the case. But as more people and businesses than ever are facing an unmanageable debt load, the benefits of bankruptcy are proving to outweigh the downsides. The stigma is lifting because filing for bankruptcy protection is often the best way forward from a seemingly impossible financial situation.
Chapter 7 Bankruptcy in La Marque, Texas
The threat of garnishments, judgments, seizures, and repossessions can turn your life upside down. Stress does immeasurable harm to both physical and mental health, and few things are more stressful than living in constant fear of losing your security and assets. Although bankruptcy is not suited for every situation, it may be the right choice for your financial circumstances, so it is senseless to wait any longer. Contact the La Marque Chapter 7 bankruptcy attorneys of Gipson, Norman & Root at 888-512-6044 to schedule a consultation.
Understanding Chapter 7
A Chapter 7 bankruptcy allows debtors to discharge certain classes of debt. This makes those debts uncollectible and prevents creditors from taking further action to recoup the money formerly owed. Because bankruptcy is not a "get out of debt free" card, debtors will be required to submit some of their assets to a bankruptcy sale administered by a Trustee.
The money raised in this sale is then distributed to creditors and the partial payments are taken as satisfaction of the debt. While it can be difficult to part with your possessions, it may be a small sacrifice to make for the financial freedom that a completed bankruptcy will afford you.
Because each situation is unique and your future is our greatest concern, the La Marque Chapter 7 bankruptcy lawyers of Gipson, Norman & Root offer all of our clients a free 30 min. consultation. We can answer your questions and assess whether you are a good candidate for bankruptcy. And you will have the opportunity to discover why Southeastern Texas has trusted us for over 20 years.
If your debts are dragging your life into an endless cycle of collections, contact the La Marque Chapter 7 bankruptcy lawyer of Gipson, Norman & Root at 888-512-6044.