Austin Chapter 7 Bankruptcy Attorney


Chapter 7

Chapter 7 is the most common type of bankruptcy. While the term debt liquidation is often used in conjunction with this type of bankruptcy, the reality is that there is a great deal of exempt property allowed. Very few, if any, of a person's assets will actually be liquidated and applied to the debt. More often than not, people in Austin and throughout Texas emerge from Chapter 7 debt-free and with most of their assets in tact. Chapter 7 is a true fresh start.

At the law firm of Hickson Law, PC, we make sure that you understand what property can be kept in bankruptcy before moving forward with your case.

Do You Qualify for Chapter 7 Bankruptcy?

Qualifying under Chapter 7 is determined by one's family income, size and expenses. If the household income is greater than the state median income, it is considered an abuse to file Chapter 7 unless there are mitigating circumstances to justify filing the case. However, people who do not qualify for Chapter 7 may be able to benefit from Chapter 13 bankruptcy.

What Debts Are Dischargeable in Chapter 7 Bankruptcy

While Chapter 7 impacts secured and unsecured debt differently, Chapter 7 allows for the discharge of the majority of the debts that most people are faced with. It easily eliminates most credit card debt and medical debt. While student loans, past-due child support and a few other odd exceptions may not be discharged through Chapter 7, people often find that the debts discharged make it much easier for them to pay off those that remain.

Our firm features a Texas Board of Legal Specialization Certified Consumer bankruptcy attorney who will work with you personally to determine whether Chapter 7 is truly the right option for you.
Contact Us Today for Your Free Consultation
Call 512-346-8597 or send us an e-mail to schedule your free consultation with our Texas lawyer.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.