Houston, TX Credit Card Debt Lawyer

Trusted Credit Card Debt Relief Attorney Assisting Clients in Houston, TX

Credit card debt can spiral out of control very quickly. Many different circumstances that may not be your fault can lead to out-of-control interest charges. You may lose your job unexpectedly or forget to make a single payment due to personal life events, and you could be hit with thousands of dollars in interest and late fees. Some spouses have gotten divorced because one party has created an insurmountable amount of credit card debt. It is not easy to overcome mounting credit card debt on your own. In some cases, it might not be possible to dig your way out of credit card debt without taking legal action.

If you have credit card debt you cannot manage, The Fealy Law Firm, PC can help. Attorney Vicky Fealy is highly experienced in helping people resolve issues related to credit card debt. She will conduct a complete assessment of your case to determine what course of action is likely to bring about the best outcome. This may mean working with the credit card company to set up a payment plan you will be able to keep up with based on your income and financial needs. In other cases, especially where multiple credit cards and other debts are involved, filing for bankruptcy might be the best way to resolve the debt.

How a Cypress, TX Lawyer Can Help With Credit Card Debt

If you are facing harassment from lenders, threats of legal action, or collections efforts, it is probably time to consult an attorney. Credit card lenders can be quite aggressive in going after the money they are owed, as well as any applicable interest. An attorney who is experienced in working with credit card companies may be able to help you negotiate a repayment plan either in or out of court, depending on whether legal proceedings have been initiated.

Bankruptcy and Credit Card Debt

If you have other types of debt in addition to credit card debt, you may want to consider bankruptcy. For example, if you also have significant medical debt and had to rely on your credit cards while you were too sick to work, you may be in a situation where bankruptcy is your best option. Bankruptcy proceedings can allow you to consolidate your debt so that you are no longer trying to juggle multiple monthly payments. If your only real debt is from credit card usage, you should talk to your lawyer about whether filing bankruptcy would be beneficial in the long run.

Chapter 13 Bankruptcy for Credit Card Debt

Depending on your current income and how much you owe on your credit card balances, Chapter 13 bankruptcy may be your best option. If you can realistically pay back a reasonable portion of what you owe within several years by putting most or all of your disposable income toward the debt, this may be the right solution. You will be put on a payment plan that will consume most of the income you do not spend on necessities. These plans usually last three to five years. After completing a repayment plan, your remaining debts will be eliminated.

Chapter 7 Bankruptcy and Credit Card Debt

For some people and families, Chapter 7 bankruptcy and the immediate relief from nearly all types of debt it brings is the answer. The immediate release from credit card debt and most or all other debt you owe does come with a price. Some of what you own could potentially be seized and sold off in order to pay off as much of your debt as possible. However, certain types of property are exempt from the liquidation process. You will not be left without clothing or furniture, and your family heirlooms can very likely remain in your family. Your attorney can help you understand what property you would be permitted to keep and what property may be liquidated. In most Texas bankruptcy cases, debtors will not be required to turn over any of their property or assets.

Contact a Credit Card Debt Relief Attorney in The Woodlands, TX

The Fealy Law Firm, PC is committed to helping people resolve their credit card debt. Attorney Vicky Fealy will work to find the best debt relief solution for you. Contact us at 713-526-5220 to start with a free consultation.