${site.data.firmName}${SEMFirmNameAlt} ${site.data.firmName}${SEMFirmNameAlt}
254-633-2876 | fax 866-825-8786
Main Menu
  • Let
    Our
    Family
  • Help
    Your
    Family
  • Free No Obligation
    Bankruptcy
    Consultations

Bankruptcy Attorney
Helping People Of Waco
Find Debt Relief

Chapter 7 bankruptcy can help you start over

The last thing you ever thought you'd be doing is looking into bankruptcy, but that's where you are today. You know that there are a few options, but Chapter 7, liquidation bankruptcy, seems best for you.

Are there really benefits to Chapter 7 bankruptcy? It ruins your credit and makes it much harder to get loans and credit. Is it worth doing?

Chapter 7 bankruptcy has a lot of major benefits. First, it does wipe out your unsecured debts, which means you could get a fresh financial start. It won't eliminate tax debts or student loans in most cases, though.

If you're considering Chapter 7 bankruptcy, the likelihood is that your credit is already suffering. If your credit is already bad, there's no reason to worry about the damage the bankruptcy can do. Not paying your bills on time can do the same damage and take as long to repair in the future.

Bankruptcy actually prevents you from doing more harm to your finances and credit. You can start putting your money into savings and begin living within your means. A fresh financial start means you start over with what you need and grow with the knowledge you have now. That means you can put your past mistakes behind you.

You can begin to rebuild your credit immediately after your bankruptcy. Banks will lend to you shortly after a bankruptcy, and small lines of credit may be offered to you, too. You can get a home loan within around two to three years.

If you're ready to consider bankruptcy, your attorney can help you understand what it means for your situation. He or she can advise you on the options you have and what may work best for you.

No Comments

Leave a comment
Comment Information
National Association of Consumer Bankruptcy Attorneys The College of the State Bar Of Texas Greater Waco Chamber of Commerce Member Logo

Office Location

The Kehl Law Firm, P.C. 3715 Bellmead Dr Waco, TX 76705

254-633-2876

Fax: 866-825-8786

Waco Law Office Map

Review Us

Connect With Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy