Texas Consumer Bankruptcy Lawyer
Chapter 7 bankruptcy can be a good option for people who have a lot of unsecured debt such as high credit card balances and medical bills. At the end of a Chapter 7 bankruptcy, you will receive a discharge of most, if not all, of your debt. Certain criteria must be met to qualify for Chapter 7 bankruptcy. An experienced Georgetown Chapter 7 attorney can help you understand the process and let you know if you qualify for a Chapter 7 case and if it is right for you.
Several important considerations should be addressed before filing for Chapter 7, such as when to file, dischargeable versus nondischargeable debt, stopping foreclosure and other matters. At the offices of Lee Norton Bain, Attorney at Law, I will take the time to answer all of your questions and explain what you can do to gain the maximum benefit from your bankruptcy filing.
What You Should Know About Chapter 7 Bankruptcy
Sometimes referred to as a "straight" bankruptcy, Chapter 7 is quite different from Chapter 13 bankruptcy. In Chapter 7, nonexempt property can be sold at auction and the money used to repay your creditors. In Chapter 13, you work out a payment plan with the Chapter 13 Trustee and the court and repay your debt or a portion of it, over a three- to five-year period. The advantage of Chapter 7 is that the process is much shorter, usually no longer than four months, so you obtain the discharge much more quickly.
Many people wrongly assume that, by filing for Chapter 7 bankruptcy, they will lose everything they own. The government allows you to keep certain essential property, including your home, car, household goods and other items. The rules for what you get to keep differ greatly between applicable state and federal law. I will review your case and make a recommendation that fits best with your situation.
Call for a Free Consultation
Contact my office today to discuss your Chapter 7 questions. I offer a free 30-minute consultation without obligation. You can reach me by phone at 512-863-2813 or leave a message at 800-574-7174. You may also reach me via e-mail.
We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
