Chapter 7 Bankruptcy

Chapter 7 Bankruptcy, also known as the 'liquidation bankruptcy', was enacted by Congress to provide unfortunate individuals and families who are behind on their debts with the opportunity of a "fresh start". Fresh start means that all your debts and liabilities, with a few exception, will be discharged or wipe away once your bankruptcy is completed.

Why should I file for bankruptcy?

Most American have credit cards, medical bills, car notes, house notes ,etc., that they have to pay every month. While it is everyone intent to pay for what we have purchased, sometimes life throws us a curve ball that just prevents us from making those payments. Whatever those unfortunate circumstances maybe, whether it is unforeseen medical procedure, job lost, etc, Congress has enacted the Bankruptcy code to allow those unfortunate people to find relief by filing for bankruptcy.

A Chapter 7 Bankruptcy generally takes 90 days to complete once we have filed your Chapter 7 Bankruptcy. A Chapter 7 Bankruptcy will wipe away most of your debts, with a few exceptions, as long as you meet the eligibility requirements. All your credit card debts, medical bills, pay day loans and etc., can be wipe clean and you don’t have to pay them back. Even if you have been sued or have had a lawsuit served on you by your credit card or debt collector, a Chapter 7 Bankruptcy may help you in getting rid of that debt as well. Furthermore, once you have filed for bankruptcy, all the harassing phone calls and letters sent by debt collectors and your creditors will stop.

Am I eligible to file for Chapter 7 Bankruptcy?

Not everyone is eligible to file for a Chapter 7 Bankruptcy. The Bankruptcy Code provides several factors that are considered in determining whether an individual or family are qualified to file for a Chapter 7 Bankruptcy.


We will review your situation and circumstance to give you the information that you need so that we can help you make the best choice in resolving your debt crisis.

So the better question is... Why aren't you filing for bankruptcy?

Our law firm can help you with your Chapter 7 Bankruptcy. We are dedicated and motivated to help you find the best approach in resolving your debt management issues. We will be more than happy to answer your questions and help you determine the whether or not Chapter 7 Bankruptcy will be best for you.

Chapter 13 Bankruptcy

What can I do if I am behind on my payments for my house, car, credit card bills, medical bills, lawsuits, etc.? What if my wages are being garnished, car repossession, home foreclosure, lawsuit, etc.?


We, KimLy Law Firm, are Houston Bankruptcy Law Attorneys who are here to help you resolve your problems today so that you can have a better tomorrow.

What is a Chapter 13 bankruptcy?

Life is a journey filled with obstacle that may hinder you from expanding your horizon and enjoy what life has in-store for you. More often than not, when we encounter unexpected events such as lost of employment, divorce, illness, etc., it imposes an undue hardship on our finances, not to mention our personal lives and family, that is impossible to overcome.

Chapter 13 Bankruptcy provides us an avenue to reorganize your debts and liability on terms that will allow you not only to get caught up, but in certain circumstances, to be wholly relieved of your debts altogether.

Once you file a Chapter 13 Bankruptcy, legal proceeding, with few exceptions, will cease. This means that legal proceedings such as a home foreclosure, car repossession, credit card or medical bill lawsuit, etc., will be required to stop. Secondly, we will consolidate all your allowed debts and liabilites and get you on a monthly repayment plan. In most circumstances, depending on your family size and financial situation, you may not have to pay all your debts in full.

The following are some debts that we will be able to consolidate:

  • Mortgage arrears (Mortgage payments you are behind on due to missed payments)
  • Past due property taxes
  • Past due Home Owners Association fees (HOA)
  • Car Payments (Generally, we are able to lower your monthly car payments and lower your interest rate. Also, in certain circumstances, we are able to lower your “principle amount” to pay only the “present value” of your car.)
  • IRS debts (Depending on how old your IRS debts are, we may wipe it away)
  • Medical Bills
  • Credit Card debts
  • Department Store Card debts
  • Pay Day Loan
  • Line of Credit
  • and any other kinds of debts

Quick Links to Explain the Bankruptcy Process in Houston: