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The Houston bankruptcy process involves a number of steps. To ensure that your bankruptcy proceeds as smoothly as possible, we recommend you to prepare yourself: acquire as much information as possible about bankruptcy and all the stages of the process before you file for bankruptcy. The article outlined below has been made available by our Houston bankruptcy lawyer. |
Why is it important to have a Houston bankruptcy lawyer work with you?
Once you file for Houston bankruptcy - under either Chapter 7 or Chapter 13 - your legal rights, and the rights of your creditors are “frozen”, meaning no further action can be taken from that point on. It is therefore important to do some planning at the “pre-petition” stage - before personal bankruptcy is even filed for.
It is usually perfectly legal to arrange your affairs in order to obtain the best result, providing you know what and how to do it properly. Since bankruptcy is a complex legal process, it is strongly recommended that you engage the services of an attorney who specializes in bankruptcy (not a general practitioner or a paralegal who may not have the necessary experience in bankruptcy matters).
If your personal bankruptcy is not filed correctly, it is possible that you will not have all of your debts discharged or your discharge from bankruptcy will be denied. It is even possible to have your discharge revoked as much as a year after your bankruptcy case is over: If certain mistakes are made, and they become known within a year after you receive your bankruptcy discharge, your discharge may be revoked if the court believes your failure to disclose or other such mistakes were intentional. This means that up to a year after you thought your case was over, all your debts would be reinstated, and you will have lost the right to file a Houston bankruptcy for six years.
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