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Bankruptcy Lawyers in Kemah, TX
Our Experienced Texas Attorneys Will Fight For You
Bankruptcy Lawyers in Kemah, 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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The Zendeh Del & Associates, PLLC Team
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 Kemah, TX
Bankruptcy is a legal process that allows individuals and businesses to eliminate or reduce their debts, giving them a fresh start. The process can provide relief from overwhelming financial struggles, but it also comes with consequences. Understanding how bankruptcy works and how it affects both individuals and businesses is crucial when deciding whether to pursue it.
For individuals, bankruptcy offers a way to regain financial stability by discharging certain types of debt. Common situations where individuals seek bankruptcy protection include mounting credit card bills, medical expenses, and other personal loans that have become unmanageable. When individuals file for bankruptcy, they can often eliminate most unsecured debts, such as credit card balances and personal loans, and potentially restructure any remaining secured debts.
For businesses, bankruptcy may be necessary when debts become so overwhelming that they can no longer continue to operate effectively. Business owners often turn to bankruptcy to either liquidate their assets and close the business or reorganize their financial structure to remain operational. Business bankruptcy can help companies stop creditors from pursuing collection actions, giving them time to either rebuild or wind down their operations.
The Different Types of Bankruptcy
There are several types of bankruptcy, each with distinct features and eligibility requirements. The most common types are Chapter 7, Chapter 13, and Chapter 11.
Chapter 7 bankruptcy is often referred to as liquidation bankruptcy. In this type of filing, a trustee is appointed to sell non-exempt assets to pay off creditors. Any remaining eligible debts are typically discharged, providing individuals or businesses with a clean slate. However, Chapter 7 may not be suitable for everyone, as some assets, like homes or vehicles, may be at risk depending on the exemptions available in Texas.
Chapter 13 bankruptcy is primarily for individuals who have a steady income but are struggling to keep up with their debts. It allows individuals to reorganize their debts into a manageable payment plan, which typically lasts three to five years. Once the plan is successfully completed, any remaining eligible debt is discharged. This option is often preferred by those who want to keep their property, such as their home or car, while paying off their debt over time.
Chapter 11 bankruptcy is typically used by businesses and sometimes by individuals with substantial debts. This type of bankruptcy allows for reorganization, where the business can continue operating while restructuring its finances. It can be a lengthy process, and it typically involves negotiating with creditors to develop a repayment plan that is manageable for the business.
How Bankruptcy Affects Individuals
For individuals, the effects of bankruptcy can be far-reaching. Filing for bankruptcy can significantly damage a person’s credit score, making it difficult to obtain credit in the future. However, many individuals find that bankruptcy offers a path to rebuilding their finances, as it relieves them of the debts that were dragging them down.
In Texas, some assets are protected through exemptions, such as a homestead exemption that allows individuals to keep their primary residence in many cases. However, it’s important to note that not all debts are dischargeable in bankruptcy. Child support, alimony, and certain tax debts, for example, are generally not eligible for discharge. Additionally, bankruptcy can provide relief from harassment by creditors, allowing individuals to focus on rebuilding their financial future.
How Bankruptcy Affects Businesses
For businesses, bankruptcy offers a way to protect assets and restructure operations in order to continue functioning. When a business files for bankruptcy, it typically gets relief from creditor actions, such as lawsuits, garnishments, and collections. This gives the business the breathing room to assess its finances and make decisions about how to move forward.
In the case of Chapter 11 bankruptcy, businesses can propose a reorganization plan that will allow them to remain operational while repaying their debts over time. While the bankruptcy process can be complex and lengthy, it can provide businesses with the opportunity to resolve financial troubles without completely shutting down. Chapter 7 bankruptcy, on the other hand, is generally used when the business can no longer continue its operations and needs to liquidate its assets to pay creditors.
Why You Need a Bankruptcy Lawyer in Kemah, TX
Navigating the bankruptcy process can be overwhelming without the right guidance. The rules and procedures involved are complex, and one small mistake can have a lasting impact on your financial future. This is why hiring an experienced bankruptcy lawyer is essential.
A bankruptcy lawyer can help you understand the different types of bankruptcy, assess your financial situation, and guide you in choosing the right path forward. They can also ensure that all necessary paperwork is filed correctly and that your rights are protected throughout the process. Whether you’re an individual struggling with personal debt or a business facing financial challenges, a bankruptcy lawyer can help you make informed decisions and avoid costly mistakes.
At Zendeh Del & Associates, PLLC, we have a team of skilled bankruptcy lawyers in Kemah, TX who are dedicated to helping individuals and businesses navigate the complexities of bankruptcy. We take the time to understand your unique situation and provide tailored solutions that align with your goals. Our goal is to help you achieve financial relief and guide you toward a brighter future.
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Common Mistakes People Make When Facing Bankruptcy
Filing for bankruptcy can be a difficult and overwhelming process. Many individuals facing financial trouble in Kemah, TX, may not fully understand what steps to take. Understanding the common mistakes people make during this time can help you avoid costly errors. If you’re thinking about bankruptcy, it’s important to work with a trusted legal team to guide you through the process.
Not Seeking Professional Legal Help
One of the biggest mistakes people make when facing bankruptcy is not consulting with bankruptcy lawyers in Kemah, TX. The rules surrounding bankruptcy are complex and can vary depending on your situation. Without the right guidance, you might make decisions that could hurt your chances of getting a fresh start. A bankruptcy lawyer can explain your options and help you choose the right path, whether it’s Chapter 7 or Chapter 13 bankruptcy.
Failing to Understand The Different Types of Bankruptcy
Many people make the mistake of assuming bankruptcy is one-size-fits-all. They may not realize that there are different types of bankruptcy, each with its own benefits and requirements. Chapter 7, for instance, involves liquidating assets to pay off debts, while Chapter 13 allows you to create a repayment plan to pay off some or all of your debts over time. Without a clear understanding of which type of bankruptcy is right for you, you may end up choosing the wrong option for your financial situation.
Not Disclosing All Assets And Debts
Another mistake is failing to disclose all of your assets and debts when filing for bankruptcy. Some individuals try to hide valuable assets or fail to list all of their debts, thinking it will help them keep more of their property or avoid paying certain creditors. This can lead to serious consequences, including the dismissal of your bankruptcy case or even charges of bankruptcy fraud. Full and honest disclosure is critical to your success in the bankruptcy process.
Ignoring The Importance of Timing
Timing is crucial when filing for bankruptcy. People often make the mistake of waiting too long to file, hoping their financial situation will improve. Unfortunately, the longer you wait, the more your debt can grow, and the harder it may be to catch up. On the other hand, some people file for bankruptcy too early, without exploring other options that could have resolved their financial problems. It’s important to carefully consider the timing of your bankruptcy and speak with bankruptcy lawyers in Kemah, TX, to help you determine the right moment to take action.
Not Planning For The Future
While bankruptcy can offer relief from overwhelming debt, it’s essential to think about the future. Some individuals make the mistake of focusing only on their immediate financial relief without considering how to rebuild their financial life after bankruptcy. Having a plan for managing finances going forward is key to avoiding future financial difficulties. A bankruptcy lawyer can help you create a strategy for getting back on your feet after your case is closed.
Frequently Asked Questions About Bankruptcy
At Zendeh Del & Associates, PLLC, we understand that considering bankruptcy can be overwhelming. Below are some of the most frequently asked questions from individuals in Kemah, TX, who are exploring their options. Our team of Bankruptcy Lawyers in Kemah, TX, is here to provide you with clear, practical guidance every step of the way.
What is bankruptcy and how can it help me?
Bankruptcy is a legal process designed to provide individuals and businesses with relief from overwhelming debt. It can offer a fresh financial start by either discharging certain debts or creating a manageable repayment plan. Depending on your specific situation, bankruptcy may help eliminate credit card debt, medical bills, and other unsecured loans, or restructure your debt in a way that is easier to manage.
How do I know if I should file for bankruptcy?
If you are struggling with significant debt that feels unmanageable, bankruptcy could be a solution worth considering. It’s essential to thoroughly assess your financial situation. Consulting with Bankruptcy Lawyers in Kemah, TX, can help you determine whether bankruptcy is the right choice for you. Our team will review your debts, income, and assets to find the best course of action.
Will bankruptcy ruin my credit forever?
Although bankruptcy will impact your credit score, it does not necessarily mean your credit will be permanently damaged. In fact, after filing for bankruptcy, many people find that their credit improves over time as they begin to manage their finances more effectively. Bankruptcy can offer a fresh start and provide a better path forward than staying trapped in unmanageable debt.
Can I keep my home and car if I file for bankruptcy?
Whether you can retain your home or car in a bankruptcy depends on the type of bankruptcy you file for and the value of your assets. Chapter 7 bankruptcy may require the liquidation of some assets to repay creditors, but exemptions often allow you to keep your home or car. In contrast, Chapter 13 bankruptcy involves a repayment plan that enables you to keep your property while making payments over time. Our Bankruptcy Lawyers in Kemah, TX, will guide you on how to protect your assets in each scenario.
What debts can be discharged in bankruptcy?
In Chapter 7 bankruptcy, certain unsecured debts, such as credit card balances, medical bills, and personal loans, can typically be discharged, meaning you no longer need to pay them. However, some debts, like student loans, child support, and specific tax obligations, are generally not dischargeable. It’s important to consult with a bankruptcy lawyer to understand which debts you can eliminate based on your situation.
How long does the bankruptcy process take?
The length of the bankruptcy process varies depending on the type of bankruptcy you file. Chapter 7 usually takes about three to six months to complete, while Chapter 13 can take three to five years due to the repayment plan involved. Our Bankruptcy Lawyers in Kemah, TX, will provide you with an estimated timeline based on the specifics of your case.
Will I lose all of my property if I file for bankruptcy?
Many people fear losing everything they own when filing for bankruptcy, but that’s often not the case. Bankruptcy laws offer exemptions that allow you to retain certain property, such as your home, car, and retirement savings, depending on your situation. Our legal team will work with you to help you understand which assets are protected under the law.
How much does it cost to file for bankruptcy?
The cost of filing for bankruptcy varies based on factors such as the type of bankruptcy and the complexity of your case. Lawyer fees may also vary. At Zendeh Del & Associates, PLLC, we provide affordable options and will ensure you understand all costs upfront before moving forward.
Can I file for bankruptcy more than once?
It is possible to file for bankruptcy more than once, but there are waiting periods between filings. The specific rules governing multiple filings depend on your previous bankruptcy cases and how much time has passed since your last filing. Our team of Bankruptcy Lawyers in Kemah, TX, can assist you in navigating these rules if you are considering filing again.
How will bankruptcy affect my future?
While bankruptcy may temporarily affect your credit, it provides an opportunity for a fresh start and can improve your financial situation over time. By eliminating or reorganizing your debts, you can begin rebuilding your credit and establishing a healthier financial future. Our team can help you understand how to move forward after bankruptcy and set realistic goals for rebuilding your finances.
Bankruptcy Lawyers in Kemah, TX Client Story
This client story is for educational purposes only.
Mason sat in his small, dimly lit living room in Kemah, TX, his head buried in his hands. The bills piled up on his kitchen table, a constant reminder of how much debt he had accumulated over the years. Every day felt like a new struggle, with calls from creditors and collection agencies never stopping. He tried to ignore it, but the weight of his financial problems was crushing. Mason felt trapped, like he was sinking into quicksand, unable to escape.
He had tried everything—working extra hours, cutting back on expenses, even borrowing from family and friends—but nothing seemed to help. The stress was taking a toll on his health and his relationships. He couldn’t sleep at night, worrying about how he would make it through another month. The idea of bankruptcy kept crossing his mind, but he was scared. He didn’t know where to turn or what steps to take.
One evening, a friend told him about Gabe Perez, a bankruptcy lawyer at Zendeh Del & Associates, PLLC, who had helped others in situations just like his. Though hesitant, Mason decided to give it a try. After all, he had nothing left to lose.
From the moment Mason met Gabe, he felt a sense of relief. Gabe was kind and understanding, listening to Mason’s worries without judgment. He explained the bankruptcy process in a way that made sense, breaking it down step by step. Gabe assured Mason that he wasn’t alone and that there was a way out of this overwhelming debt.
Gabe guided Mason through the entire process with patience and care. He took the time to explain each part of the bankruptcy proceedings, helping Mason gather all the necessary documents and ensuring that everything was done correctly. As they moved forward, Mason started to feel a sense of hope he hadn’t experienced in years. The constant fear of losing everything began to fade, replaced by a sense of control over his future.
When Mason’s bankruptcy case was finally approved, he felt a weight lift off his shoulders. The calls from creditors stopped, and he could finally breathe again. He could now focus on rebuilding his life without the constant fear of falling further into debt.
Mason couldn’t believe how much his life had changed in such a short amount of time. Thanks to Gabe Perez and the team at Zendeh Del & Associates, PLLC, he now had a fresh start. He was able to rebuild his finances and look toward a brighter future for himself and his family.
Reliable Bankruptcy Lawyers in Kemah TX
Facing financial challenges can feel overwhelming, but you do not have to navigate this difficult time alone. At Zendeh Del & Associates, PLLC, we understand the struggles that come with mounting debt and the uncertainty it brings to your future. Our team is dedicated to providing clear guidance and practical solutions tailored to your situation, helping you explore the bankruptcy process and what it could mean for a fresh financial start.
Whether you are dealing with harassing calls from creditors, the risk of losing your home, or overwhelming credit card debt, we are here to help you find a path forward. Bankruptcy laws are designed to provide relief and a second chance, and we are committed to helping you determine the right approach to achieve that.
Take The First Step Toward Financial Freedom
If you are considering bankruptcy or simply need advice on how to address your financial difficulties, we encourage you to reach out to Zendeh Del & Associates, PLLC. The sooner you take action, the more options you may have for resolving your financial challenges.
Call our office today to schedule an appointment with a trusted bankruptcy lawyer in Kemah TX. Together, we can help you regain control of your financial future and build a foundation for long-term stability.
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!