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Texas Bankruptcy - When to File Chapter 7

Chapter 7 Bankruptcy is a legal process which provides Debtors, which goes to include both people & businesses that are unable to pay their creditors, an opportunity to resolve their debts by liquidation while under the protection of the United States Bankruptcy Court. The Bankruptcy Process was designed to help an honest debtor to get a fresh start. Whether it be Chapter 7 liquidation, or reorganization under Chapter 11 or Chapter 13, Bankruptcy is a Debt Relief option that can put you back in control of your finances.

So when should you file For Chapter 7 Bankruptcy?

Filing for Bankruptcy shouldn’t be a spur of the moment decision and should be considered along with you Bankruptcy Alternatives when you are seeking Debt Relief. Chapter 7 Bankruptcy is best used when a person can’t realistically expect to repay a significant portion of their debts over a reasonable period of time. If the Bankruptcy Means Test determines you are eligible to file for Chapter 7 Bankruptcy, you can usually eliminate all of your unsecured debt in a Chapter 7. Filing for bankruptcy under Chapter 7 can work well when you need to get rid of burdensome credit card debt, personal loans, medical bills, payday loans, auto accident claims, lawsuits, judgments, leases, certain taxes, repossession & mortgage deficiencies, personal guaranties, and most every type of unsecured debt.

Chapter 7 Bankruptcy is commonly known as ‘straight bankruptcy' or liquidation bankruptcy, which means a Chapter 7 Trustee will sell any non-exempt assets to pay your creditors. In most Chapter 7 Bankruptcy cases the person filing usually keeps all of their property because Texas law allows debtors a generous amount of property which is exempt. Chapter 7 bankruptcy does not discharge all of your debts. Child support and other support obligations can’t be discharged in Chapter 7; and student loans, and certain kinds of taxes can’t be eliminated in Chapter 7 either. Your house & car payments have to be current when filing for Chapter 7 or you will loose them. For many people in Texas, Chapter 7 Bankruptcy is the best way to get rid of debt, and keep most all of their property.

If you are struggling with debt and have been struggling for some time and are thinking considering bankruptcy, consider all the famous individuals that have filed bankruptcy to deal with their debt. You don’t have to be famous to get a fresh financial start through Chapter 7 Bankruptcy; you just need to know what bankruptcy is and when to consult a bankruptcy lawyer. If you are eligible to file Chapter 7 under the bankruptcy means test you can eliminate your unsecured debts such as credit cards, medical bill, payday loans, and get a new start with your finances.

Do you Want More Information on Chapter 7 Bankruptcy?

If you or your business need to obtain debt relief or a fresh financial start, bankruptcy may be an option to get rid of your debt, reduce your debt, or reorganize your finances. Bankruptcy is often a mystery to most people because it’s not a regular everyday occurrence. Although they may occasionally hear about bankruptcy in the media, most people in Texas consider filing bankruptcy when they are facing some type of financial emergency or the have had chronic debt problems which need to be addressed. If you need debt relief or are facing a financial problem that requires immediate attention, filing Chapter 7 Bankruptcy might be an option. To see if filing bankruptcy is an option for you, contact the Texas Bankruptcy Lawyers at The Law Offices Of R.J.Atkinson for a free bankruptcy evaluation.

If you live in Houston, Austin, San Antonio, Dallas, Waco, Plano, Sherman, New Braunfels, or anywhere in the State of Texas contact the Texas Bankruptcy Lawyers at The Law Offices Of R.J.Atkinson. An experienced Texas Bankruptcy Lawyer can help you decide if filing Chapter 7 Bankruptcy is the best option for you.

Chapter 7 Bankruptcy | Chapter 7 Attorney | Chapter 7 Lawyer | Texas Bankruptcy Law

Call the Texas Chapter 7 Bankruptcy Attorneys: 800-436-9056

Please read: Certification | Disclaimer | TexasLegalWeb | State Bar of Texas | Resource LinksLast Updated July 20, 2024
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RJA Bankruptcy Attorney offer Affordable Bankruptcy, Debt Relief and Debt Consolidation. Texas Bankruptcy Lawyer offer Low Cost Bankruptcy Attorney Fees in Austin, Dallas, Fort Worth, Plano, San Antonio, & Houston *Principal Office.

Bankruptcy Lawyer / Attorney RJ Atkinson provides Chapter 7, 11, 12, 13, Bankruptcy, Debt Relief & Discount Legal Services
Filing Bankruptcy can sometimes be the fastest way to get out of debt and may be the most affordable way to get a fresh financial start. Chapter 7 Bankruptcy can quickly wipe out your debts, increase your credit score, stop wage garnishments, get rid of credit card debt, eliminate medical bills, stop payday loans, stop bill collectors, erase negative credit reporting, and reestablish new credit after bankruptcy. RJ Atkinson – Bankruptcy Lawyer have payment plans to make filing Chapter 7 and Chapter 13 Bankruptcy affordable which include low cost flat fees for Chapter 7 that may be considered the cheapest bankruptcy attorney fees depending on the costs other bankruptcy lawyer charge. Chapter 13 Bankruptcy can save your home from foreclosure, save your car from repossession, lower monthly payments, reduce interest rates, get rid of late fees, reduce credit card interest, payoff high credit card debt, raise your credit score, stop creditor harassment, get rid of debt, reduce debt, eliminate creditor calls at work, stop collection calls, start over financially, discharge debts and/or be debt free in 3 to 5 years. IRS tax problems, tax levies, wage garnishments, back taxes, payroll taxes, income taxes can often be handled in Chapter 13 bankruptcy. Divorce/Bankruptcy – past due child support arrears, alimony, spousal support, and divorce debt can often be handled in chapter 13 bankruptcy. The Law Offices of RJ Atkinson handles debt consolidation, loan modifications, credit card debt settlement, debt negotiation, lawsuit defense, IRS problems, credit card lawsuits, TROs temporary restraining orders to foreclosure, forbearance agreements to foreclosure, FDCPA Fair Debt Collection Practices Act lawsuits, FCRA Fair Credit Reporting Act lawsuits, credit report disputes, debt collection lawsuits, adversary complaints in bankruptcy, bankruptcies, foreclosure workouts, mortgage short sales, real estate property tax disputes, civil litigation, commercial litigation, tax lawsuits, small business bankruptcy, corporate bankruptcy, business creditor representation, and most every kind of debt related issue or financially based legal problem on a case by case basis.
Pursuant to 11 U.S.C. §528, “We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”
R.J.Atkinson Texas Bankruptcy Lawyer - Principal Office: 8000 I.H. 10 West, Suite 600, San Antonio, TX 78230-3868. Phone: 800-436-9056