Bankruptcy can be a very difficult and stressful time for both individuals and businesses. It’s a legal process that requires a lot of paperwork, documentation, and legal knowledge to navigate. If you’re facing bankruptcy or considering filing for bankruptcy in Texas, it’s important to hire a knowledgeable and experienced bankruptcy attorney. In this blog post, we’ll discuss why hiring a bankruptcy lawyer is important and how they can help you through the bankruptcy process. Here are some ways an experienced bankruptcy attorney can help make your life easier.

End Debt Collection Harassment

Debt collectors can be very aggressive and persistent, making the situation even more stressful. One of the main benefits of hiring a bankruptcy lawyer is that they can put an end to debt collection harassment. Your bankruptcy attorney can contact debt collectors on your behalf and make sure they stop contacting you. This can help relieve a lot of stress and anxiety that comes with debt collection harassment.

If debt collectors are harassing you, knowing you have legal rights is essential. The Fair Debt Collection Practices Act regulates debt collection practices in the United States, restricting debt collectors from engaging in abusive behavior, such as calling at unreasonable hours, using profanity or threats, or making false statements about a debt.

Your bankruptcy attorney can help you file a complaint with the Consumer Financial Protection Bureau (CFPB) or your state’s attorney general’s office. You may also be able to sue the debt collector for violating the FDCPA and recover damages.

Deal with Wage Garnishment

If you’re facing wage garnishment, hiring a bankruptcy lawyer can help you stop it. Wage garnishment can damage your finances and make it difficult to pay for basic needs like housing and food. It can occur for various reasons, including unpaid taxes, child support, student loans, or other debts. The garnishment process typically starts with a court order or a notice from a government agency or creditor informing the employer to withhold a certain amount from the employee’s paycheck.

The wage garnishment amount varies based on factors such as debt type and the individual’s state. In some cases, wage garnishment can take up to 25% of the employee’s disposable income, leaving them with little money to pay for their essential needs. An experienced bankruptcy attorney can help you stop wage garnishment and protect your income.

Stop Foreclosure Lawsuits

If you’re facing foreclosure on your home, hiring a bankruptcy lawyer can help you stop it. A lender can gain possession of a property if it is mortgaged and the borrower does not make the payments. In Texas, foreclosure proceedings are governed by state law, and lenders are required to follow certain procedures to ensure that borrowers receive a fair notice and an opportunity to contest the foreclosure.

Foreclosure can be a very stressful and emotional process, and losing your home can be devastating. A bankruptcy lawyer can help you understand your rights and options and represent you in court to protect your interests. With the right legal representation, you may be able to avoid foreclosure and keep your home.

Prevent Repossession

Repossession is a legal route through which a creditor can take possession of a debtor’s property if they have defaulted on a loan or failed to make payments as agreed. The creditor has the right to take back the collateral that was put up to secure the loan. For example, if a person buys a car and finances it through a bank or car dealership, the car serves as collateral for the loan. If the person fails to make payments as agreed, the lender has the right to repossess the car.

If you’re facing repossession of your car or other assets, hiring a bankruptcy lawyer can help you stop it. Repossession can be very stressful and make it difficult to get to work or care for your family. An experienced bankruptcy attorney can help you stop repossession and protect your assets.

Filing for Bankruptcy in Texas

Filing for bankruptcy can be a complicated and overwhelming process. A bankruptcy attorney can guide you through the process and help you to understand the implications of each type of bankruptcy.

An experienced bankruptcy attorney can help you navigate the process and ensure everything is done correctly. They can help you determine which type of bankruptcy is right for you, whether Chapter 7 or 13 and guide you through the entire process.

Negotiate Debt Settlements

Another way a bankruptcy attorney can help is by negotiating debt settlement and relief. This can involve negotiating with creditors to reduce the amount owed or setting up a more manageable payment plan. Your bankruptcy attorney can help you negotiate a repayment plan that fits your budget and helps you get back on track financially. A bankruptcy attorney can also help to stop collections on medical bills, credit card debt, and other forms of debt.

Relief from Tax Levies

If you owe back taxes, the IRS may place a levy on your wages, bank account, or other assets. A bankruptcy lawyer can help you with relief from tax levies by negotiating with the IRS or state tax agency on your behalf. Your lawyer can work to negotiate a payment plan or an offer in compromise, allowing you to settle your tax debt for less than what you owe. They can also help you determine if you qualify for currently not collectible status or hardship relief, which can temporarily stop collection efforts while you get back on your feet.

Another way a bankruptcy lawyer can help you with relief from tax levies is by filing for bankruptcy. If you are eligible, filing for bankruptcy can stop tax levies and other collection actions. In some cases, bankruptcy can also help you discharge or eliminate certain tax debts. Your lawyer can help you determine if bankruptcy is the right option for you and guide you through the bankruptcy process.

Rebuild Your Financial Foundation & Start New with the Leading Bankruptcy Attorney in Corpus Christi

In conclusion, the decision to file for bankruptcy can be a complex and stressful one, and having a knowledgeable and experienced bankruptcy attorney on your side can make all the difference.

A bankruptcy lawyer can provide guidance throughout the process, from determining which type of bankruptcy is right for you to negotiating debt settlements and representing you in court. They can also protect you from debt collection harassment, wage garnishment, foreclosure lawsuits, and repossession.

If you’re in need of a bankruptcy attorney in Corpus Christi, look no further than the Law Office of Joel Gonzalez. With years of experience and a deep understanding of bankruptcy law, Joel Gonzalez and his team are dedicated to helping their clients achieve financial stability and relief. Don’t hesitate to contact Joel Gonzalez for a consultation¬†and take the first step towards a brighter financial future.