Chapter 7 Bankruptcy

Debt can be overwhelming, affecting every aspect of your life—from your financial security to your mental and emotional well-being. If you’re facing unmanageable debt, Chapter 7 Bankruptcy may provide the relief you need. At the Law Office of H. Bryan Hicks in Marble Falls, Texas, I am here to help you navigate the Chapter 7 process and get the fresh start you deserve.

Chapter 7 Bankruptcy, often referred to as “liquidation bankruptcy,” is a legal process that allows individuals to discharge most of their unsecured debts, such as credit card debt, medical bills, and personal loans. In exchange, a trustee may sell certain non-exempt assets to pay off creditors. However, many people find that most or all of their assets are protected under Texas exemption laws.

Filing for Chapter 7 Bankruptcy can be a complex process, but you don’t have to go through it alone. I am here to guide you through every step, ensuring that you understand your options and that your rights are protected. Here’s how I can assist you:

Initial Consultation: We’ll start with a free consultation to discuss your financial situation and determine if Chapter 7 Bankruptcy is the right choice for you.

Filing Your Petition: I will help you prepare and file your bankruptcy petition, ensuring that all necessary documentation is completed accurately and submitted on time.

Managing Your Case: From the moment your case is filed, I will be by your side, handling communications with the bankruptcy trustee, representing you at the required meeting of creditors, and addressing any issues that arise.

Protecting Your Assets: I will work to maximize the use of Texas exemptions to protect your property and assets from liquidation.

Debt Discharge: Once your case is successfully completed, most or all of your unsecured debts will be discharged, giving you the opportunity to rebuild your financial future.

While every case is unique, the Chapter 7 Bankruptcy process generally involves the following steps:

Means Test: You will undergo a means test to determine if you qualify for Chapter 7 Bankruptcy based on your income and expenses.

Credit Counseling: Before filing, you must complete a credit counseling course from an approved provider.

Filing Your Petition: I will help you prepare and file your bankruptcy petition, which includes detailed information about your finances, assets, and debts.

Automatic Stay: Once your petition is filed, an automatic stay goes into effect, halting most collection actions, including foreclosure, repossession, and wage garnishment.

Meeting of Creditors: You will attend a meeting of creditors, where the bankruptcy trustee and any creditors who choose to attend may ask you questions about your finances.

Debt Discharge: If no issues arise, your eligible debts will be discharged, and you will receive a fresh start.

Filing for Chapter 7 Bankruptcy can provide significant relief, but it’s also important to think about your financial future. After your debts are discharged, you can begin rebuilding your credit and taking steps to secure your financial stability. I can provide guidance on how to move forward, including tips for managing your finances and improving your credit score.

With over 30 years of experience in bankruptcy law, I understand the challenges you face and am committed to helping you achieve the best possible outcome. When you work with me, you can expect:

Personalized Attention: I take the time to understand your unique financial situation and tailor my services to meet your needs.

Expert Guidance: I bring a wealth of knowledge and experience to every case, ensuring that your bankruptcy process is handled efficiently and effectively.

Compassionate Support: I recognize the emotional toll that financial difficulties can take, and I am here to provide support and understanding throughout the process.