Meet Your Affordable Austin Bankruptcy Attorney
People who are searching for an Austin bankruptcy attorney often have two things on their mind. Apart from searching for a solution to their financial challenges, their typical concerns are these:
- Life After Bankruptcy: What will the impact of bankruptcy be on my credit report and how will it affect future purchases?
- Alternatives Programs: Is there anything else I can do to resolve my debts without filing for bankruptcy?
These are important questions to ask and it’s imperative you receive accurate answers prior to final decisions. Let’s explore the basics in this article, and you will find more information at the end where you can receive specific and accurate expert advice. Let’s take a look at these questions now.
What will Your Life be like After Hiring an Austin Bankruptcy Attorney?
Call Jed Shaw for a Free Phone Consultation: 713-750-9038
The decision to file for bankruptcy isn’t a light one. The after effects are multifaceted and far-reaching. First, filing bankruptcy establishes a permanent public record. The filing itself may not be seen on your credit report after 10 years in most cases; however, this doesn’t mean you won’t have to disclose it in other ways. For example, it’s not uncommon for employment applications, mortgage financing applications, car loan questionnaires, and other requests for credit to ask if you have ever filed for bankruptcy. You must answer this question honestly. Even if your credit recovers after a period of time, those who review your credit or job requests may continue to view your decision to file bankruptcy in a negative light. This is not to say that bankruptcy is a life ending decision. However, it is a serious one and you should gather all of the facts about your options prior to making up your mind.
Don’t be fooled by commercials you hear that promise to remove bankruptcy from your credit report. There is little, if any, legal way to remove derogatory items from credit reports. Some items may be removed temporarily, but they nearly always resurface on your credit reports later. This can be an expensive and often unscrupulous way to try to remedy your situation. It would be better for you if you simply consider viable alternatives to filing bankruptcy in the first place. You can learn how to do this as we continue this article.
How Does One Resolve Their Debts Without Bankruptcy?
A popular trend is the rise of debt settlement companies. These companies purport to help eliminate your credit card debts by negotiating with your creditors on your behalf. The challenge with this option is there are numerous unscrupulous companies taking advantage of people.
Many of these debt settlement companies have gone out of business or have very negative BBB reports. Unfortunately, many consumers have been left hung out to dry when these companies close their doors. The “discount” you receive is usually less than the amount you can settle these debts for at a later date when you exercise patience. Also, settling with original creditors can create tax problems for you.
Have a Question? Call Judge Shaw for Free: 713-750-9038
Don’t be discouraged. Even though debt settlement is often not a good alternative to help you to avoid bankruptcy, you do have other options. Many people who are searching for a bankruptcy lawyer in Austin would love to find such an alternative, but they don’t know where to turn. We would like to offer you some comprehensive information so you can discover this for yourself.
You need to choose the best option for your situation once you know all of the facts. Speak with Judge Shaw and get expert advice from an experienced Texas Judge, Mayor and attorney. Judge Jed Shaw sits on the Board of Directors for Houston and the South Texas Better Business Bureaus. Providing Houston bankruptcy attorney services as well, he has seen many Austin, TX consumers injured from so-called experts, but he himself offers a free confidential phone consultation as an Austin bankruptcy lawyer. He frequently strategizes a course of action outside of bankruptcy so that his clients can avoid the long-standing effects of filing a Chapter 7 or Chapter 13. His goal is to offer people real world solutions to their financial challenges and peace of mind so they can sleep at night.
by Jed Shaw
Call him today for your FREE consultation at: 713-750-9038
Shaw Defense
Austin, TX 78701
