Debtor Representation and Bankruptcy
Debt Sucks
With inflation increasing the price of everything, many have been forced to take on debts they cannot afford to pay.
As they fall further behind, the interest and penalties keep digging them further into debt until there is no chance of ever paying it off.
North Star Law has experience helping individuals and businesses address their debt issues and live free from oppressive debt.
Chapter 7 Bankruptcy Services
For many Houston-based debtors, Chapter 7 is the preferred method because it is typically the cheapest and quickest form of bankruptcy.
Chapter 7 bankruptcy can help Houstonians get a fresh start when they can no longer pay unsecured debts like credit cards, medical bills, and payday loans. In some instances, Chapter 7 can also address past-due IRS tax balances.
People can also use Chapter 7 bankruptcy to delay evictions and some civil lawsuits to get the time necessary to put plans in place.
Aside from these benefits, bankruptcy stops collection activities, allowing debtors to stop looking over their shoulders and fearing what might happen next. Chapter 7 bankruptcy can also unfreeze bank accounts and stop wage garnishments.
Chapter 13 Bankruptcy Services
Chapter 13 bankruptcy is for people who need protection from creditors without having to liquidate their possessions.
While Chapter 13 does not provide the “Fresh Start” that Chapter 7 bankruptcy offers, the debtor does not have to liquidate their assets to get debt relief.
Instead, Chapter 13 allows the debtor to reorganize their finances and create a payment plan to make monthly payments over the next three to five years.
Chapter 13 is a good option for those with regular income who need to file bankruptcy but do not want to lose their home, cars, or other assets.
Because of the automatic stay provided in bankruptcy, Chapter 13 is an option for those who need to prevent the repossession of their car, eviction from their home, or foreclosure of the property.
Payment Plans Available
North Star Law understands your situation and offers payment plans to help.
The only upfront costs are the credit report and filing fee.
After the initial filing, we structure the repayment period over 6 to 11 months, depending on the client's needs and circumstances.
Debtor Representation
Unlike other law firms North Star Law does not believe bankruptcy is the answer to all debt issues.
North Star Law's debtor representation services provide an alternative for those with few or select creditors.
North Star Law helps debtors address their debt issues with
Student loan modification programs
Home loan modification programs
IRS payment programs and uncollectable status
Individual creditor workout negotiation
