Gipson, Norman & Root
281-823-7016 or 888-512-6044
Call Now for a Free 30 Minute Consultation

Is bankruptcy the right choice to get rid of debt?

A personal bankruptcy is something many people don't want to look into. They may feel it's a kind of defeat to agree to bankruptcy, even though bankruptcies could be the fresh start they need.

As someone struggling with credit-card debt, you're in a good position when it comes to bankruptcies. The bankruptcy code generally permits all unsecured debts to be eliminated upon a bankruptcy discharge, which means you could eliminate all your credit debt through this process if you chose to do so.

Should you choose bankruptcy?

This is the main question you need to ask yourself. To start with, if you haven't had your credit impacted by missed payments, then you may not want to go through bankruptcy. Choosing other options, such as consolidating your debts or getting a second job to pay more on your debts each month, could work better in the short term than killing your credit with a bankruptcy.

For people who are stretched beyond the breaking point, bankruptcy could be the right choice, though. It gives you the option of eliminating debt and getting your finances back under control. If you can't make payments, your credit likely already suffered as a result. With bankruptcy, you'll be able to stop paying on debts that keep building up and actually get ahead.

Bankruptcy isn't for everyone, and there are multiple types you'll need to learn about before you decide if it's right for you. Your attorney can help make sure you understand what a bankruptcy does for you and to your credit, so you're prepared to make an educated choice.

No Comments

Leave a comment
Comment Information

Contact an Experienced Attorney Today

Call our office at 281-823-7016 or 888-512-6044 to schedule a free 30-minute consultation with our experienced lawyer. Our office is conveniently located just two blocks east of Interstate 45.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Gipson, Norman & Root
450 N. Texas Avenue, Suite A
Webster, TX 77598
Phone: 281-823-7016
Toll Free: 888-512-6044
Fax: 281-332-4808
Map and Directions