Is Bankruptcy Necessary?

Did you know that Bankruptcy is provided for in the United States Constitution? Bankruptcy can be a scary word, but many people don’t realize that the Federal Bankruptcy laws were created to help good people get a “fresh start” and pursue productive lives relieved from past financial problems. Bankruptcy can be an important alternative if you have more debt and stress than you can handle.

If you’re like most people, you want to pay your bills. But a major financial problem such as loss of a job, injury, divorce, family emergency, medical bills, or just plain bad luck can make it difficult, if not impossible. Everyone’s situation is different, and bankruptcy is not always the solution.

Your Options

Keeling Law Firm has been helping people in Houston with debt relief and debt counseling since 1986. We’ve helped thousands of families in Houston just like yours to get a fresh start and get on with their lives.

The Bankruptcy Code is divided into chapters. As a consumer debtor (as opposed to a business debtor), the chapters most likely to apply to you are Chapter 7, known as a “straight bankruptcy” and Chapter 13, which involves a debt repayment plan.

Chapter 7

Chapter 7 is the part of the Federal bankruptcy law designed for people in financial difficulties who do not have the ability to repay their existing debts, such as credit cards and payday loans.

Chapter 7 can give you a fresh start by wiping out your debts and allowing you to get on with your life.

Learn more about Chapter 7 bankruptcy

Chapter 13

Chapter 13 is for people who have a regular income, but need to have their debts reorganized so they can make payments on terms favorable to them, not the creditors.

Chapter 13 can allow you to get caught up on your mortgage or car payments, without losing your property, and can even help with money owed to the IRS.

Learn more about Chapter 13 bankruptcy

Your Questions about Bankruptcy

We will meet with you at no cost to answer your questions and help you determine the correct approach to solving your debt problems. For a free consultation and evaluation of your situation, call us today at 713-686-2222, or fill out the form to the right.

Helpful Links

Chapter 13 Trustee Contact List
Frequently Asked Questions List
Credit Counseling

Attorney Ken Keeling is Board Certified in Consumer Bankruptcy Law by the Texas Board of Legal Specialization.