Filing For Bankruptcy in Houston

Jessica Hoff has been called the best Houston bankruptcy attorney. Here is an excerpt from her Houston Bankruptcy Attorney Free Consultation website:

Filing for Bankruptcy in Houston? This video explains the process and may help alleviate some of your fears about how filing for bankruptcy will affect your financial future. #bankruptcyattorney

#Bankruptcy doesn’t have to scare you. Most people don’t realize that your credit isn’t likely to be “destroyed” for life. Many clients will have a credit score of 600 or better within 12 months after filing their case. Many people find that banks are willing to offer them a home loan within 2 years & 90 days from the date that your bankruptcy case is discharged, and you can be eligible for new credit cards immediately. #nottheendoftheworld #wecanhelp (832) 975-0366 -reprinted from Houston Bankruptcy Attorney Facebook Page

If you need to file for bankruptcy it can be a very painful and frightening time. Don’t worry too much about how it will have long lasting effects on your financial life. Many people are surprised to find out that filing chapter 7 or chapter 11 or chapter 13 bankruptcy can actually be recovered from in a few years time. It is really just a way that the US government offers to help good people get back on track.

See also…

There Are Limits to How Many Times You Can Receive a Discharge

Time restrictions on when you are eligible for another discharge depend on whether you previously received a Chapter 7 or Chapter 13 discharge and the type of bankruptcy you want to file now.

Chapter 7 to Chapter 7. If you have already received a discharge in a Chapter 7 bankruptcy, you must wait eight years from the date you filed the previous case before you can file another Chapter 7 and receive a discharge. 

Chapter 13 to Chapter 13. If your debts were discharged in a prior Chapter 13 case, you cannot receive a discharge in a subsequent Chapter 13 unless it is filed at least two years after the date the first case was filed. Because it usually takes three to five years to complete a Chapter 13 repayment plan and receive a discharge, you can typically file for another Chapter 13 bankruptcy and be eligible for a discharge immediately after your first case is closed. 

Chapter 7 to Chapter 13. If your first discharge was under a Chapter 7 bankruptcy, you can file for a subsequent Chapter 13 and be eligible for a discharge if the case is filed at least four years after the filing date of the initial Chapter 7. But keep in mind that filing a Chapter 13 bankruptcy after receiving a Chapter 7 discharge can still help you pay off priority debts or get caught up on missed mortgage or car loan payments even if you are not entitled to a discharge. Filing for Chapter 13 bankruptcy following a Chapter 7 discharge is commonly referred to as a Chapter 20 bankruptcy. –

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