Houston Secured Debt Attorneys

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Struggling to Pay Your Debts?

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When in financial distress, sometimes people must choose between making a credit card payment and putting that money toward their mortgage payment. Most opt for the latter choice because they do not want to lose their home. This scenario illustrates the difference between secured and unsecured dent — secured debt is backed by some form of collateral, like a house, while unsecured debt, such as credit card debt, is not tied to any tangible object.

The attorneys at the Houston law office of Acosta Law help clients analyze their finances and determine the best path to debt relief. While you may not care about paying your unsecured debt, it does not mean that the creditors won't make every attempt to collect from you.

If you have a large amount of secured debt, Chapter 7 bankruptcy may be a good option for those who qualify, as it completely eliminates all of a debtor's secured debt. However, if you do not qualify for Chapter 7 under the means test, Chapter 13 can also provide debt relief through a structured, customized repayment plan. Types of secured debt include:

 

• Mortgages/home loans and other real estate loans

• Cars, boats and other motor vehicles

 

Texas Unsecured Debt Lawyer

At Acosta Law, we have extensive experience handling bankruptcy cases and helping clients eliminate their unsecured debt, such as:

 

• Credit card debt

• Medical bills

• Utility bills

• Judgments

• Alimony

• Child support

• Tax debt

• Personal loans, payday loans

• Bills for services

 

Let us put our knowledge and experience to work for you. If you are facing repossession, contact our Houston secured debt lawyers online or call 713-980-9014 to set up a free consultation.