We believe most Texans only consider bankruptcy as a very last resort.  If you qualify, chapter 7 bankruptcy can be a quick way to eliminate unsecured debt.  It will remain on your credit report for ten years after chapter 7 is discharged or seven years after a three-to-five-year repayment plan from chapter 13.  Bankruptcy may affect your qualification for employment, some licensing, insurance, and your qualification to buy a house long after the discharge.  It is also important to understand that bankruptcy is a public record and can easily be found in background checks potentially for the rest of your life.
After the bankruptcy laws changed years ago, many more people could not qualify for chapter 7 due to their income and assets. Under chapter 13 bankruptcy, your debt repayment is restructured.  This means you will pay either a portion or all your debt while still suffering consequences of bankruptcy.  Debt Negotiation is an excellent alternative to a chapter 13 bankruptcy in many cases.  In some cases, the Debt Negotiation program can be less than chapter 13, and in other cases, it could cost more.  We are not a law firm, and we do not provide legal advice.  We have a special arrangement with a very experienced Texas bankruptcy law firm to provide statewide bankruptcy services.  The law firm can help you obtain an honest comparison of bankruptcy to Debt Negotiation.