Bankruptcy Chapter 7 in Texas
If you are in over your head with unsecured debts like credit cards, medical bills, and back taxes, filing for bankruptcy can quickly and easily eliminate your debt. Our clients can often get a fresh start in just a few weeks!
Call or text DebtStoppers today at 469-646-0750 to schedule a free debt analysis with one of our skilled Texas lawyers. We can help you find the financial freedom your family has been looking for!
Texas Chapter 7
With Chapter 7, you can wipe out unsecured debts by discharging them. This eliminates your obligation to repay them. Even though Texas laws allow a trustee to sell some of your possessions to repay your creditors, our clients usually keep most of their belongings. Many don’t lose a single thing!
The Requirements To File
Bankruptcy court rules place restrictions on who is allowed to file for Chapter 7. First, you are required to participate in credit counseling with an approved financial counselor. To qualify to file, you must also complete a financial management course. DebtStoppers will make all of the arrangements for you.
The Means Test and Chapter 7 Income Limits
Only people who pass the “means test” are eligible for this type of bankruptcy. The “means test” reviews your family income to determine if you have any other way to repay your debts. If your household or disposable income exceeds the income limits, you won’t be permitted to file under Chapter 7.
Filing for Chapter 7 in Texas
The first step in the process is filing a bankruptcy petition in the closest district court. As soon as your attorney submits your petition, the court will issue an automatic stay that prohibits creditors from trying to collect from you or contacting you at all.
After you file the forms, a court-appointed trustee will schedule a 341 meeting, where your creditors can protest the discharge of your debts. While creditors rarely attend, your DebtStoppers lawyer will help you prepare and be by your side during the meeting.
Following the 341 meeting, the trustee will evaluate your family’s assets. While the trustee is legally permitted to liquidate them, this rarely happens.
How Much Does Chapter 7 Cost?
While our attorney fees will vary, our rates are some of the most competitive in DFW. In addition to legal fees, you will have to pay a $335 filing fee to the court to initiate proceedings. At DebtStoppers, we know that this cost can be a stretch for a struggling family. That’s why we advance the filing fee to the court, so you don’t have to wait to get the relief you need.
Discharging Debts in Texas
Filing for bankruptcy in Texas will let you wipe out your debts and get a brand new start. Call or text DebtStoppers today at 469-646-0750 to request a no-obligation consultation with one of our experienced Texas attorneys. We can help you get started with your fresh start today!
DebtStoppers is one of the only Texas law firms that will file your Chapter 7 petition at no initial cost to you. Call or text us today at 469-646-0750!