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Bankruptcy Lawyers in Galveston County, TX
Our Experienced Texas Attorneys Will Fight For You
Bankruptcy Lawyers in Galveston County, TX
Our Experienced Texas Attorneys Will Fight For You
Do You Need Legal Help?
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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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The Zendeh Del & Associates, PLLC Team
7 Costly Mistakes to Avoid When Filing for Bankruptcy in Texas
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Bankruptcy Lawyers in Galveston County, TX
Bankruptcy is a legal process that offers relief to individuals and businesses struggling with insurmountable debt. For many, it provides a fresh financial start, allowing them to reorganize their finances or even discharge some of their debts. The process of filing for bankruptcy can be overwhelming, but understanding its various aspects can help you make informed decisions and navigate the challenges ahead.
Types of Bankruptcy Available in Galveston County, TX
In the United States, individuals and businesses can file for different types of bankruptcy, each designed to serve distinct purposes. The most common forms are Chapter 7 and Chapter 13 for individuals, as well as Chapter 11 for businesses.
Chapter 7 bankruptcy, often referred to as liquidation, involves the selling of non-exempt assets to pay off creditors. Once the process is complete, any remaining unsecured debt is usually discharged, meaning the individual is no longer legally obligated to pay those debts.
Chapter 13 bankruptcy, on the other hand, is a reorganization plan. Individuals who choose this route agree to a court-approved repayment plan that allows them to pay back part of their debt over a period of three to five years. This option is often better suited for those with regular income who want to keep their property.
For businesses facing severe financial difficulties, Chapter 11 bankruptcy provides an opportunity to reorganize their operations and debt. The business can continue to operate while creating a plan to repay creditors over time. This option is generally more complex and costly, often reserved for larger companies.
How Bankruptcy Affects Individuals
For individuals, filing for bankruptcy can have both short-term and long-term effects. In the short term, a bankruptcy filing immediately halts collection actions, including foreclosure, wage garnishments, and creditor harassment. This relief provides much-needed breathing room for individuals trying to regain control of their finances.
However, bankruptcy also has consequences. It will negatively impact your credit score and remain on your credit report for several years, making it more difficult to obtain loans or credit in the future. That said, many people find that they can rebuild their credit over time, especially if they are proactive about managing their finances after bankruptcy.
How Bankruptcy Affects Businesses
Businesses also face significant challenges when filing for bankruptcy. While Chapter 11 provides a way for businesses to continue operating, it often requires a significant investment of time and resources to develop a feasible repayment plan. Depending on the size and scope of the business, it may also involve restructuring debts, negotiating with creditors, and possibly closing down some operations.
For smaller businesses, Chapter 7 may be a more appropriate option. This allows the business to liquidate its assets to pay off creditors and cease operations. The goal is to minimize the impact on the business owners and creditors, although it often results in the dissolution of the business.
Why It Is Important to Hire Bankruptcy Lawyers in Galveston County, TX
Navigating bankruptcy can be complex and intimidating. Without proper legal guidance, individuals and businesses may make mistakes that could affect the outcome of their case. Bankruptcy laws are intricate, and understanding the various options available to you, as well as the long-term consequences of your decisions, is essential.
This is where the knowledge of bankruptcy lawyers in Galveston County, TX, becomes invaluable. Our team at Zendeh Del & Associates, PLLC is experienced in handling bankruptcy cases and can guide you through each step of the process. We will ensure that you understand your options, the necessary paperwork, and the timelines involved. Additionally, we can advocate for your best interests when negotiating with creditors or the courts.
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Common Mistakes People Make When Facing Bankruptcy
When facing financial difficulties, bankruptcy can seem like the only solution, but many people make mistakes that can complicate the process. Bankruptcy is not a simple decision, and it is essential to understand the potential pitfalls that may arise if you are not careful. For those in Galveston County, TX, facing the possibility of bankruptcy, having experienced guidance can make all the difference. At Zendeh Del & Associates, PLLC, our bankruptcy lawyers in Galveston County, TX, are here to help you avoid these common mistakes and navigate the process with confidence.
Failing to Seek Professional Advice Early
One of the biggest mistakes individuals make when considering bankruptcy is delaying seeking legal advice. Many people wait until they are overwhelmed with debt and feel there is no way out before reaching out to a lawyer. Waiting too long can make your situation more complicated and could limit the options available to you. By consulting with a bankruptcy lawyer early, you can explore your options, understand the process, and make informed decisions that will help protect your financial future.
Not Understanding The Types of Bankruptcy
Another mistake people often make is not fully understanding the different types of bankruptcy. There are several chapters under the U.S. Bankruptcy Code, each with its own rules and requirements. For instance, Chapter 7 bankruptcy offers debt relief by liquidating assets, while Chapter 13 allows individuals to repay some or all of their debt over time. Choosing the wrong type of bankruptcy can have lasting consequences on your financial situation. It is important to have a bankruptcy lawyer help you determine which option best fits your circumstances.
Hiding Assets
It is tempting for some people to try to hide or transfer assets to avoid losing them in the bankruptcy process. However, this is illegal and can result in serious consequences, including criminal charges. Bankruptcy courts are skilled at uncovering hidden assets, and trying to conceal them will only make the situation worse. It is better to be upfront about your financial situation and work with a bankruptcy lawyer to protect what you can legally.
Accruing More Debt Before Filing
Another mistake people often make when considering bankruptcy is continuing to rack up credit card debt or taking out loans shortly before filing for bankruptcy. This is often referred to as “credit card abuse” or “loan stacking.” Filing for bankruptcy while still accumulating debt can raise red flags with the court, which could delay the process or even result in a dismissal of your case. It is important to stop taking on new debt once you decide to file for bankruptcy.
Not Considering Alternative Solutions
Bankruptcy is not always the only solution to your financial problems. Some individuals may overlook other options, such as negotiating with creditors or entering into a debt management plan. While bankruptcy is a powerful tool for eliminating or reducing debt, it is not the best option for everyone. A bankruptcy lawyer can help you explore all available options and determine if bankruptcy is the right choice for you.
Ignoring The Long-Term Impact
Filing for bankruptcy will affect your credit for several years, and it is important to understand the long-term consequences. While bankruptcy offers a fresh start for many people, it is not without its consequences. The decision to file for bankruptcy should not be taken lightly, and you should be aware of how it will impact your credit, ability to get loans, and overall financial future. An experienced bankruptcy lawyer can guide you through the process and help you prepare for life after bankruptcy.
Frequently Asked Questions About Bankruptcy
At Zendeh Del & Associates, PLLC, we understand that considering bankruptcy can be overwhelming, and you likely have many questions. Our team of Bankruptcy Lawyers in Galveston County, TX, is here to provide clarity on some of the most common concerns. Below, we address several frequently asked questions to help you navigate the bankruptcy process with confidence.
What are the different types of bankruptcy?
In the United States, there are several types of bankruptcy, but the most common are Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves the liquidation of certain assets to repay creditors, often resulting in the discharge of most unsecured debts. Chapter 13 bankruptcy, on the other hand, is a reorganization plan where you repay a portion of your debts over three to five years, typically allowing you to keep your property. Each type has its own eligibility requirements and advantages, which our Bankruptcy Lawyers in Galveston County, TX, can help you understand based on your unique financial situation.
Will bankruptcy eliminate all of my debts?
Bankruptcy can discharge many types of unsecured debts, such as credit card balances, medical bills, and personal loans. However, certain debts are not dischargeable, including child support, alimony, most student loans, and some tax obligations. If you’re unsure whether your debts are dischargeable, our team can guide you through the process and help you assess what can and cannot be eliminated.
How will bankruptcy affect my credit?
While filing for bankruptcy will impact your credit score, it is not a permanent setback. Bankruptcy will remain on your credit report for several years—up to 10 years for Chapter 7 and 7 years for Chapter 13—but many people find that their credit improves over time as they start fresh financially. Our Bankruptcy Lawyers in Galveston County, TX, can offer advice on how to rebuild your credit after bankruptcy, ensuring you have the tools and resources to move forward with a healthier financial future.
Can I keep my home or car if I file for bankruptcy?
In many cases, you can keep your home and car when filing for bankruptcy, especially if you are filing under Chapter 13 and are current on your payments. Chapter 7 may allow you to keep these assets, depending on the value and whether they are protected by exemptions. Our Bankruptcy Lawyers in Galveston County, TX, can work with you to evaluate your situation and ensure you retain your property to the extent possible.
Do I need to hire a bankruptcy lawyer to file for bankruptcy?
While you are not legally required to hire a lawyer to file for bankruptcy, doing so is highly recommended. The bankruptcy process can be complex, and having an experienced lawyer by your side can help ensure that you are following all required steps, understanding your options, and protecting your rights. Our Bankruptcy Lawyers in Galveston County, TX, are here to help guide you through every stage of the process, providing you with the best chance for a successful outcome.
What is the cost of filing for bankruptcy?
The cost of filing for bankruptcy can vary depending on the type of bankruptcy you are filing and your specific circumstances. Fees may include court costs, lawyer fees, and the costs associated with financial counseling or education courses. Our team offers affordable payment plans and will work with you to understand the costs involved and help you make informed decisions about your financial future.
How long does the bankruptcy process take?
The duration of the bankruptcy process depends on the type of bankruptcy you are filing. Chapter 7 bankruptcies typically take around three to six months to complete, while Chapter 13 bankruptcies may take three to five years, as they involve a repayment plan. Your case’s timeline may also depend on your specific financial situation, but our Bankruptcy Lawyers in Galveston County, TX, will keep you informed and help you navigate each step efficiently.
Bankruptcy Lawyers in Galveston County, TX Client Story
This client story is for educational purposes only.
Juan had always worked hard. He was a good man, a dedicated father, and a loyal friend. But no matter how hard he tried, his debts seemed to pile up higher and higher. The bills flooded in every month, and soon, his phone was ringing off the hook with calls from angry creditors. Juan felt trapped, like there was no way out.
It wasn’t just the stress of the bills. The constant worry kept him up at night. He was scared. Scared of losing his home. Scared he wouldn’t be able to take care of his kids. He felt like he was failing them, and the weight of it all was suffocating.
One day, a friend told him about Lawyer Gabe Perez from Zendeh Del & Associates, PLLC. “He’s helped people just like you,” his friend said. Juan wasn’t sure what a bankruptcy lawyer could do for him, but he knew he needed help, so he decided to give Gabe a call.
From the moment Juan stepped into Gabe Perez’s office in Galveston County, TX, everything began to change. Gabe didn’t judge Juan or make him feel ashamed. Instead, he listened carefully to Juan’s story. He understood the pain and frustration of being buried in debt, and he knew exactly what to do to help.
Gabe explained the bankruptcy process clearly, making it easy for Juan to understand. He showed Juan how bankruptcy could give him a fresh start, a way to break free from the chains of his debt. Gabe helped Juan see that it wasn’t about giving up; it was about taking control of his life again.
With Gabe’s help, Juan filed for bankruptcy, and everything started to turn around. The calls from creditors stopped, and the pressure of overwhelming bills faded. For the first time in a long time, Juan felt like he could breathe again. He could focus on his family and his future, without the constant fear of losing everything.
Juan’s journey wasn’t easy, but with Gabe Perez by his side, he found the strength and guidance to rebuild his life. Today, Juan is starting fresh. He’s working hard again, but this time, he has hope. He knows that with a strong plan in place, he’ll never have to face the same struggles again.
Facing Financial Struggles in Galveston County
If you’re struggling with debt and considering bankruptcy, you don’t have to face the situation alone. At Zendeh Del & Associates, PLLC, we understand how overwhelming financial difficulties can be. Our team of bankruptcy lawyers in Galveston County, TX, are here to guide you through every step of the bankruptcy process. We can help you understand your options and provide the support you need to regain control of your financial future.
Reach Out For Professional Guidance
Taking the first step towards resolving your financial troubles may feel daunting, but it is crucial to seek the right legal assistance. A bankruptcy lawyer can provide you with clear options and a tailored plan for your situation. Whether you’re dealing with overwhelming credit card debt, medical bills, or other financial challenges, our team can offer the necessary legal support to help you navigate through these tough times.
Call Zendeh Del & Associates Today
Don’t let financial difficulties control your life any longer. Call Zendeh Del & Associates, PLLC today to schedule an appointment with one of our knowledgeable bankruptcy lawyers in Galveston County, TX. We’re here to listen, answer your questions, and provide the legal support you need to move forward with confidence. Reach out to us today and take the first step towards a brighter financial future.
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!