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Bankruptcy Lawyers in Friendswood, TX
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Bankruptcy Lawyers in Friendswood, TX
Our Experienced Texas Attorneys Will Fight For You
Do You Need Legal Help?
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See what our past clients have to say about us.
These guys are amazing. They made a most horrific experience bearable. They treated me with respect and no judgment. I cannot describe how grateful I am for their representation with my case. 5 stars is not enough. I hope I never need them again but would ABSOLUTELY use them again and definitely recommend them.
— Jennifer S.
Jonathan Zendeh Del and Associates worked tirelessly on my case. They kept me informed every step of the way. In the end the got my case dismissed and I am so grateful that we out our trust in his law firm. I can honestly say the rumors were true. He really is the best.
— Kristin F.
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7 Costly Mistakes to Avoid When Filing for Bankruptcy in Texas
Learn what you shouldn't be doing during your bankruptcy case. Submit your information below to download our free PDF guide.
Bankruptcy Lawyers in Friendswood, TX
Filing for bankruptcy is a legal process that provides individuals and businesses in financial distress with an opportunity to get a fresh start. Whether you are overwhelmed by personal debts or dealing with business-related financial struggles, understanding how bankruptcy works and its consequences is crucial. Bankruptcy allows for the elimination or restructuring of debts, providing relief and offering a path forward.
For individuals, bankruptcy can provide a way to manage overwhelming medical bills, credit card debt, or personal loans that have become unmanageable. Businesses facing significant financial difficulties may use bankruptcy to reorganize their debts or liquidate assets to satisfy creditors. While bankruptcy can offer financial relief, it is important to understand how the process works and how it may impact your financial future.
How Bankruptcy Works For Individuals
When individuals file for bankruptcy, they typically pursue either Chapter 7 or Chapter 13 bankruptcy, depending on their financial situation. Chapter 7, also known as liquidation bankruptcy, involves the sale of non-exempt assets to pay creditors. This type of bankruptcy is often used by individuals who do not have the ability to repay their debts. In many cases, people who file for Chapter 7 may be able to discharge most of their unsecured debts, such as credit card balances and medical bills.
On the other hand, Chapter 13 bankruptcy is a reorganization option that allows individuals to keep their assets while repaying a portion of their debts over a three- to five-year period. Individuals with a regular income who can afford to make monthly payments may be eligible for Chapter 13. It offers a way to reduce or restructure debts while keeping valuable property, such as a home or car, and avoiding the liquidation of assets.
How Bankruptcy Works For Businesses
For businesses, bankruptcy often takes the form of Chapter 11 or Chapter 7. Chapter 11 bankruptcy allows businesses to reorganize their debts and continue operations while they work to repay creditors. This type of bankruptcy is typically used by large corporations or businesses with substantial debt but ongoing operations. Under Chapter 11, a business submits a reorganization plan that outlines how it will repay creditors over time.
In contrast, Chapter 7 bankruptcy for businesses involves the liquidation of assets to pay off debts. If a business is no longer able to operate or pay its debts, it may choose Chapter 7 to dissolve the company and liquidate its assets. Chapter 7 bankruptcy allows businesses to discharge remaining unsecured debts after the liquidation process is complete.
The Long-Term Effects of Bankruptcy
While bankruptcy can provide much-needed relief from debt, it can have long-lasting effects on an individual’s or business’s credit. Bankruptcy filings remain on credit reports for several years, and this can make it difficult to secure new loans, mortgages, or credit in the future. For individuals, Chapter 7 bankruptcy typically stays on the credit report for up to ten years, while Chapter 13 remains for up to seven years.
For businesses, the impact of bankruptcy on credit can be similar, as it may affect the company’s ability to obtain financing or attract investors. However, the possibility of rebuilding credit after bankruptcy exists, especially for individuals who are diligent about managing their finances post-filing.
It’s important to weigh the long-term consequences of bankruptcy against the immediate relief it can provide. For some, the opportunity to start fresh financially outweighs the temporary hit to credit. For others, it may be a difficult decision to make, which is why seeking guidance from an experienced bankruptcy lawyer is crucial.
Why You Should Hire a Bankruptcy Lawyer in Friendswood, TX
Navigating bankruptcy on your own can be complex and confusing. The legal process involves detailed paperwork, strict deadlines, and important decisions that can affect your future. This is why having a knowledgeable bankruptcy lawyer to guide you through the process is invaluable. A bankruptcy lawyer can help you understand your options, ensure that you meet all legal requirements, and advocate on your behalf throughout the process.
At Zendeh Del & Associates, PLLC, our bankruptcy lawyers in Friendswood, TX, are here to help you make informed decisions about your financial future. We can guide you through every step of the bankruptcy process, from filing the initial petition to navigating hearings and managing creditor negotiations. With our support, you can better understand your options and avoid common pitfalls that could delay or complicate the bankruptcy process.
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Common Mistakes People Make When Facing Bankruptcy
Filing for bankruptcy can feel overwhelming, and many individuals make mistakes during this difficult time. When you’re facing financial struggles, it’s important to be aware of common pitfalls that can negatively impact your case. At Zendeh Del & Associates, PLLC, we understand the complexities of bankruptcy and are here to guide you through the process. As trusted bankruptcy lawyers in Friendswood, TX, we want to help you avoid these mistakes and ensure that your bankruptcy filing goes as smoothly as possible.
Not Seeking Legal Help Early Enough
One of the most common mistakes people make when facing bankruptcy is waiting too long to seek legal assistance. Bankruptcy laws can be complicated, and delaying a consultation with a bankruptcy lawyer can lead to missed opportunities or costly errors. It is crucial to speak with a lawyer early on so that you can explore your options and make informed decisions. At Zendeh Del & Associates, PLLC, our team is ready to listen to your concerns and help you understand your choices. By acting sooner, you can avoid unnecessary complications down the road.
Failing to Disclose All Assets And Debts
Another critical mistake that can harm your bankruptcy case is failing to disclose all of your assets and debts. Some individuals may try to hide certain assets or minimize their debt to protect them, but this can lead to serious consequences. Bankruptcy laws require full transparency, and hiding information from the court or your bankruptcy lawyer can result in your case being dismissed or even lead to criminal charges. To avoid this, be honest and upfront about all of your financial matters. Our team of bankruptcy lawyers in Friendswood, TX, will help you understand what needs to be disclosed and ensure your case is handled correctly.
Overlooking The Impact on Your Credit
Many people who file for bankruptcy are concerned about how it will affect their credit score. While it’s true that bankruptcy will impact your credit, failing to plan for this impact can cause unnecessary stress in the future. It is essential to understand how bankruptcy will affect your credit and what steps you can take to rebuild it. By working with a lawyer who knows the bankruptcy process, you can create a strategy to manage the long-term effects on your financial health. Our team can help you understand what to expect and guide you in the right direction for rebuilding your credit after your bankruptcy is finalized.
Choosing The Wrong Type of Bankruptcy
There are different types of bankruptcy, such as Chapter 7 and Chapter 13, and choosing the wrong one for your situation can lead to complications. People often make the mistake of assuming that one type of bankruptcy is the best option without fully understanding how each type works. Each chapter has its own requirements, benefits, and drawbacks. For example, Chapter 7 allows for the discharge of certain debts but requires you to liquidate assets, while Chapter 13 involves creating a repayment plan. An experienced bankruptcy lawyer can assess your financial situation and help you choose the right option for your needs.
Neglecting to Consider Non-Bankruptcy Options
Before jumping into bankruptcy, it’s important to consider other potential solutions to your financial troubles. Some individuals may make the mistake of filing for bankruptcy without exploring alternatives, such as debt consolidation or negotiating with creditors. While bankruptcy can offer relief, it’s not the only option available. It is worth discussing with a bankruptcy lawyer whether there are any alternatives that could help you avoid bankruptcy or reduce its impact. Our team at Zendeh Del & Associates, PLLC, will evaluate all of your options and help you determine the best course of action for your unique situation.
Not Understanding The Long-Term Consequences
Filing for bankruptcy can have lasting effects on your financial life, and some people fail to fully understand these consequences. While bankruptcy provides immediate relief, it can take several years for your credit to recover fully. Additionally, certain types of debt, such as student loans and child support, are not dischargeable in bankruptcy. Failing to recognize these limitations can lead to unrealistic expectations and disappointment later. By speaking with a bankruptcy lawyer, you can gain a clearer understanding of how bankruptcy will affect your future and plan accordingly.
Frequently Asked Questions About Bankruptcy
When considering bankruptcy, many individuals have questions about the process, its implications, and how it may affect their financial future. Below are some of the most common questions that people ask when exploring bankruptcy options. Our team at Zendeh Del & Associates, PLLC, is here to provide clear, helpful answers to guide you through the process.
What is bankruptcy, and how does it work?
Bankruptcy is a legal process that allows individuals or businesses to eliminate or repay debts under the protection of the federal bankruptcy court. There are different types of bankruptcy, but the most common for individuals are Chapter 7 and Chapter 13. Chapter 7 allows for the liquidation of assets to pay off creditors, while Chapter 13 involves creating a repayment plan to manage debts over time. Understanding which option is best for your situation is crucial, and working with Bankruptcy Lawyers in Friendswood, TX, can help you navigate this decision.
Will filing for bankruptcy affect my credit?
Yes, filing for bankruptcy will impact your credit score. However, many individuals find that their credit improves over time once they eliminate their overwhelming debt. Bankruptcy provides a fresh start and can make it easier to manage future finances, as you will no longer be burdened by debts you cannot afford to repay. Over time, with careful management of new credit, many people are able to rebuild their credit score after bankruptcy.
What debts can be discharged in bankruptcy?
In Chapter 7 bankruptcy, many types of unsecured debts, such as credit card balances, medical bills, and personal loans, can be discharged. However, certain debts cannot be discharged, including student loans (in most cases), child support, alimony, and some tax obligations. Chapter 13 bankruptcy offers an opportunity to create a repayment plan for debts that are not discharged in Chapter 7.
How long does bankruptcy take to complete?
The length of the bankruptcy process varies depending on the type of bankruptcy you file. Chapter 7 bankruptcy typically takes about three to six months to complete, while Chapter 13 bankruptcy can take three to five years to fully repay the debt under a court-approved plan. Working with knowledgeable Bankruptcy Lawyers in Friendswood, TX, can help streamline the process and ensure all required steps are taken efficiently.
Will I lose all of my property in bankruptcy?
Not necessarily. In Chapter 7 bankruptcy, certain assets may be sold to pay off your creditors, but there are exemptions in place that allow you to keep certain property, such as your home, car, and personal belongings, depending on their value and your state’s laws. Chapter 13 bankruptcy involves a repayment plan, so you may be able to keep your property while repaying debts over time.
Can I file for bankruptcy if I am employed?
Yes, you can file for bankruptcy if you are employed. Your income will be an important factor in determining which type of bankruptcy is right for you. In Chapter 7, your income will be assessed to determine if you qualify for debt discharge, while in Chapter 13, your income will be used to create a repayment plan. Regardless of your employment status, it is important to discuss your options with Bankruptcy Lawyers in Friendswood, TX, who can help guide you through the process based on your unique financial situation.
How do I know if bankruptcy is the right choice for me?
Deciding to file for bankruptcy is a significant decision that requires careful consideration of your financial situation. It is important to evaluate your debts, income, assets, and long-term goals. Bankruptcy may be a good option if you are overwhelmed by debt, unable to make minimum payments, or facing constant creditor harassment. Speaking with a trusted lawyer at Zendeh Del & Associates, PLLC, can help you assess your situation and determine the best course of action for your financial future.
Bankruptcy Lawyers in Friendswood, TX Client Story
This client story is for educational purposes only.
Wayne sat at his kitchen table, his head in his hands, staring at the pile of bills that seemed to grow higher each day. He had been struggling for months, unable to keep up with the payments. His car, his mortgage, and his credit cards were all overdue. The phone calls from collection agencies never stopped, and every letter he opened made his heart race. He didn’t know where to turn anymore.
Wayne had worked hard his whole life. He had a steady job, a loving family, and dreams of a future free from financial stress. But over time, unexpected medical bills, car repairs, and home expenses piled up. One mistake after another, and now he was drowning in debt. The weight of it all felt unbearable.
That’s when Wayne decided to reach out for help. He needed someone who could guide him through this mess, someone who would listen and understand the fear he felt. That’s when he found Gabe Perez, one of the trusted bankruptcy lawyers in Friendswood, TX.
Gabe Perez wasn’t just another lawyer—he was someone who genuinely cared. When Wayne first walked into the office at Zendeh Del & Associates, PLLC, he was nervous. He didn’t know what to expect or if there was even a chance for him to fix his situation. But Gabe sat down with him, listened to his story, and assured him that there was hope. Wayne’s heart began to calm as Gabe explained the bankruptcy process clearly and step-by-step.
Gabe didn’t just give Wayne legal advice. He offered reassurance, showing him that bankruptcy wasn’t the end—it was a chance to start over. It was a way to lift the heavy burden of debt and give Wayne the fresh start he needed.
Together, Gabe and Wayne worked through the paperwork, gathered the necessary documents, and filed for bankruptcy. During the entire process, Gabe was always there, answering questions, offering support, and making sure Wayne understood every detail. The day Wayne’s bankruptcy was approved, it felt like a weight had been lifted from his shoulders.
Wayne could finally breathe again. He no longer feared the phone calls or the pile of bills. With Gabe’s help, Wayne was able to begin rebuilding his financial life. He was no longer trapped in a cycle of debt. His future was brighter, and he had hope again.
If you’re feeling overwhelmed by debt like Wayne, know that you don’t have to face it alone. Bankruptcy lawyers in Friendswood, TX, like Gabe Perez, can help guide you through the process and give you the fresh start you deserve.
Reach Out to Experienced Bankruptcy Lawyers in Friendswood, TX
If you are facing financial difficulties, navigating the bankruptcy process can feel overwhelming. At Zendeh Del & Associates, PLLC, we understand the emotional and financial toll that debt can take. Whether you are struggling with mounting credit card bills, medical debt, or other financial burdens, our team is here to help you explore your options and provide the support you need to regain control of your finances.
Let Us Help You Take The Next Step
Bankruptcy may offer a fresh start, but understanding the process and making the right choices can be complex. Our team of experienced bankruptcy lawyers in Friendswood, TX, are dedicated to guiding you through each step. We will help you understand your options and advise you on the best course of action for your specific situation.
Schedule an Appointment Today
Don’t face your financial struggles alone. The team at Zendeh Del & Associates, PLLC is here to provide the guidance and support you need. Reach out to us today to schedule an appointment and take the first step toward financial relief. Let us help you navigate the bankruptcy process with confidence and clarity. Call us today to learn more about how we can assist you in your journey to financial recovery.
Client Reviews
Jonathan and Natalie have so much expertise in handling evidence, reports, and documentation and my case proved it. They made sure every detail was correct down to the most minuscule piece, and because of that we we’re able to get the case dismissed due to some inaccuracies. Extremely grateful for them!