These days, it would be difficult to find someone here in Texas who does not have some form of debt. The difference is that not everyone has the capability to repay debts, especially after some sort of financial setback such as a job loss or a divorce. Whether you experienced an event such as this or the amount of your debt simply got away from you, it might be time to consider your debt relief options, including filing for Chapter 7 bankruptcy.
If your circumstances have reached the point where you receive daily, harassing calls from your creditors or collection agencies, bankruptcy may be looking like a good option. The same could be said if your auto lender threatens to repossess your vehicle and/or your mortgage loan lender wants to begin foreclosure proceedings because your loan is in default. Perhaps one or more creditors received court judgments against you and began garnishing your wages.
All of these scenarios would benefit from you filing bankruptcy. However, if you still hesitate to do so because you believe you have not yet tried other options, some are available. Whether it is possible to resolve your financial issues without filing remains to be seen.
As you search for the best debt relief option for your circumstances, you may want to sit down with a Texas attorney who routinely helps individuals in your position. You could gain an understanding of your rights as a consumer, consider what the viable options are for relief and learn whether they would work in your case. Moreover, you could discover that filing for Chapter 7 bankruptcy would give you the best chance of a fresh financial start.