Chapter 7 Bankruptcy Law Firm
Find Out Why We Are The Right Choice:
- We offer each prospective client a free case consultation
- We have nearly three decades of legal experience
- We have convenient office locations
- We offer our clients affordable payment plans
- We are the recipients of an AV Preeminent® rating from Martindale-Hubbell®
Our founding attorney is a member of the National Association of Consumer
Bankruptcy Attorneys and a member of the National Association of Chapter 13 Trustees
Filing bankruptcy can be a way to free yourself from the weight of debt and start again. Chapter 7 Bankruptcy is one of the most common types of bankruptcy that individuals file for when they feel their debts have grown too out of control. Essentially, the debt is discharged. In most all Chapter 7 bankruptcy cases, you are able to keep all of your property. Property exemptions follow either federal or Texas property code rules, and most people are pleased to learn they can keep most of their assets while discharging their debts by filing for a Chapter 7 bankruptcy. Our attorney can help dismiss most, if not all, of your debts so you can start rebuilding your credit. Some debts cannot be discharged. Contact us today to begin your journey towards financial freedom.
A Chapter 7 bankruptcy case is available for individuals who meet the following requirements:
- No regular income, or not enough income, to repay creditors under a Chapter 13 payment plan
- Full disclosure of all assets and all debts
- No previous Chapter 7 bankruptcy cases discharged within the last 8 years, or Chapter 13 bankruptcy cases discharged in the past 6 years
Although Chapter 7 can erase most all of your debts, such as credit cards, medical bills, lawsuits, debts left over from foreclosure and repossession, etc., it is not a solution for eliminating all types of financial obligations. Some debts, such as spousal or child support payments, student loans, and most tax debts, cannot be discharged by filing a Chapter 7 bankruptcy. However, a Chapter 13 bankruptcy case can be filed to deal with these issues. Nowadays, it is required that an individual pass what is known as a means test. This test will determine whether or not you are eligible for a Chapter 7 bankruptcy by taking things such as your income and family situation into account.
Contact Our Firm for a Free Consultation
With more than 28 years of experience, our Tyler and Mineola bankruptcy attorney has the knowledge of what property is exempt and which of your debts can be dismissed. We can represent you in a Chapter 7 or Chapter 13 and form a plan to help get your finances back on track. It is important to discuss all of the details of your particular situation with your attorney to see if bankruptcy is right for you.