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Amarillo Chapter 7 Bankruptcy Lawyer

Chapter 7 bankruptcy is the most common form of bankruptcy, and offers a way out of debt for individuals and families who cannot make ends meet. In Chapter 7 bankruptcy the debtor files a petition for bankruptcy in the Amarillo Bankruptcy Court and federal law takes effect immediately and prevents creditors and debt collectors from contacting you or filing a lawsuit against you. The petition is then administered by a bankruptcy trustee who oversees the day to day aspect of your case. Unsecured debt such as credit card bills, medical bills, loans, certain lawsuit judgments, and many IRS taxes can be discharged - wiped out forever. However, similar to Chapter 13, the consumer will remain responsible for secured debt such as mortgages on homes or vehicles that are kept. Debts such as alimony, child support, student loans, criminal fines, fines and judgments related to drunk driving, or debts left out of the petition are not discharged. Before you file for Chapter 7 bankruptcy, it’s important to discuss your particular financial situation with an experienced Amarillo bankruptcy attorney to make sure it’s the best legal option for your needs.

How do I find out if I’m eligible for Chapter 7?

Not everyone qualifies to file under Chapter 7 bankruptcy. You must pass a “means test”, which is based on your income, debt amount, disposable income, and the median income for Texas. If you do not pass the “means test” because your income is considered too high, you can still file for bankruptcy under Chapter 13. However, most residents of the Texas Panhandle that file bankruptcy with David Enos qualify for a Chapter 7 bankruptcy. The Law Offices of David Enos can help you find out for sure if you qualify for Chapter 7 bankruptcy. Even if you don’t qualify for a Chapter 7 bankruptcy you can file a Chapter 13 bankruptcy and probably pay pennies on the dollar and eliminate your debts. As an experienced Amarillo bankruptcy attorney, David Enos can help ensure that your bankruptcy filing is both thorough and also maximizes the benefits of bankruptcy for you and your family so you can have a “fresh start.”

 

See our Frequently Asked Questions and Bankruptcy Process pages for more information.

 

If you would like to discuss your Chapter 7 options with an Amarillo bankruptcy lawyer, please contact bankruptcy attorney David Enos for a free consultation today.

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DISCLAIMER  The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us or viewing this website does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.                                         © 2019 Law Offices of David Enos