Chapter 7 Bankruptcy Attorney in Houston, Texas
Is Chapter 7 Bankruptcy Right for Me?
In a Chapter 7 bankruptcy, you can get rid of most of your debts, such as payday loans, medical bills, credit cards, personal loans, repossessions, and more. In most Chapter 7 cases, you can still keep your home and car, so long as you make your payments on time. The advantages don’t end there. The moment you file, you end all the threats and bullying, including lawsuits, garnishments, and frozen bank accounts. However, there are several strict requirements, so it pays to have an experienced Chapter 7 lawyer by your side before you start. Our bankruptcy attorneys have an excellent track record of success in helping our clients get a new start on their financial lives. To learn how we can help you, get in touch with our bankruptcy legal team today
Are There Any Types of Debt Chapter 7 Doesn’t Cover? What Limits Does Chapter 7 Have?
Unfortunately, Chapter 7 bankruptcies don’t relieve you of certain types of debt. If you owe past income taxes to the federal or state government, child or spousal support, or student loans, you’ll need to find other payment arrangements for those debts. However, a Chapter 7 bankruptcy for other debt you have can help you free up more funds to deal with these types of debt. That’s why it’s critical that you start working with a lawyer who specializes in bankruptcies. Our expert Chapter 7 attorneys can sit down with you to help you find a plan that will help you get out of debt for good. Make an appointment with one of our experienced attorneys today!
What Are Some of The Requirements for A Chapter 7 Bankruptcy?
To prevent high-income people from taking advantage of an “easy out,” applicants for Chapter 7 bankruptcy must pass a means test. The means test assures the court that you do not have enough income to reasonably pay off your debt. You’ll also need to get financial counseling during the six months before you file. To ensure that you meet all these requirements and file the proper paperwork, you’ll need to meet with a bankruptcy lawyer well beforehand so that the process goes through as quickly as possible. Get started on the road to financial freedom today. Contact one of our bankruptcy attorneys now.