Many people today are in need of financial relief. Some people decide that bankruptcy is their best option. Working with a Houston bankruptcy attorney might be helpful in handling a debt crisis.
Usually when people file for Chapter 7 bankruptcy, they file to discharge debt. That would allow them to stop the creditor calls and letters demanding payment. However, sometimes creditors break the law and call and harass people anyway. If creditors do this, they may be forced to pay large fines.
Bank of America was recently fined $12,500 in a case in another state after harassing a man whi had filed for bankruptcy and filed a debtor's discharge. Even after he filed, the calls kept coming. He received 38 calls from the bank demanding payment. He kept track of the calls and now the bank has to pay for its illegal actions.
Chapter 7 bankruptcy can help people in Houston when their debt becomes unmanageable. Banks are out to collect money and they are not being lenient. Many times people fall into unmanageable debt because of a significant life change that they couldn't avoid, or they were the victim of illegal lending practices by banks.
This problem is widespread. Many people fear they are the only people filing for bankruptcy, but the truth is bankruptcy is helping to seek debt relief for thousands of people across the country. Speaking with an experienced Chapter 7 bankruptcy attorney might be a wise decision if your debt situation has gotten out of control.
Source: The Huffington Post