Texas Bankruptcy Explained
Is your family buried under a mountain of debts? Does finding the cash to pay your bills every month feel like trying to solve a puzzle with pieces missing?
The anxiety that overwhelming debt causes damages more than just your finances; it can do harm to your relationships, your health, and your ability to enjoy life. Instead of living the life you’ve always wanted, you’re stuck with a life full of sleepless nights, constant collection calls, and an unending sense of dread.
A DebtStoppers Texas bankruptcy plan can end your sleepless nights and give you a second shot at life. Our lawyers have helped thousands of people like you start over with a clean slate. Call or text us today at 469-646-0750 to request a free bankruptcy consultation with one of our knowledgeable Texas attorneys.
Bankruptcy Laws in Texas
To start the bankruptcy process, your lawyer will submit a petition to the bankruptcy court nearest you. As soon as you file, the court will grant you an automatic stay that prohibits your creditors from attempting to collect from you.
The automatic stay will order your creditors to stop:
- All collection calls
- Wage garnishments
Bankruptcy can provide the debt relief you need to start living your life to the fullest.
The Types of Bankruptcy
In Texas, you can choose between two types of consumer bankruptcies: Chapter 7 and Chapter 13.
Chapter 7 offers quick and permanent debt elimination that wipes out most types of unsecured debt. Even though the laws allow a court-appointed trustee to liquidate assets to reimburse creditors, it’s our experience that DebtStoppers clients usually keep all of their possessions.
Chapter 13 allows you to reorganize your debt into a reasonable 3-to-5-year payment plan. Instead of paying each bill individually, you’ll send one payment a month to your case trustee. If you follow the repayment schedule, you’ll get to hang on to your possessions. You’ll also only end up paying about 10% of what you owe.
Texas District Courts
Texas bankruptcy courts can be found in 22 cities within four distinct districts. DebtStoppers practices in the Dallas-Fort Worth area in the Northern District of Texas, but you will file your petition in the court nearest to you.
The district court locations include:
- Fort Worth
- San Angelo
- Wichita Falls
- Corpus Christi
- El Paso
- San Antonio,
DebtStoppers Can Help
Your DebtStoppers bankruptcy plan will be customized for your family. We can put an end to your stress with a brand new start. It’s never too late to get a second chance for a better life. Call or text DebtStoppers today at 469-646-0750 to schedule a free debt analysis with one of our experienced Texas attorneys.
Life is too short to waste yours worrying about debt. Don’t lose another second to stress. Call or text us today at 469-646-0750 to request a no-obligation consultation with one of our skilled Texas lawyers.