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Find out if Chapter 7 bankruptcy is right for you

When it comes to bankruptcy, there are different options that could be better for you depending on your circumstances. A number of different factors affect whether you should file for a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, and it can often be difficult to decide which is truly right for you. This is of course assuming that you decide to file for bankruptcy in the first place, which in itself can be a difficult decision to come to.

One of the most important things about deciding which bankruptcy filing is best for your particular circumstances is of course understanding the differences between the different filings and what each one offers. Chapter 7 bankruptcy allows you to completely discharge some or all of your debts by selling off non-exempt assets to pay the debts. This is the most common option for those who have debts so much larger than their income that they cannot hope to pay off their debts or those who have no income at all.

Many people wonder if they even qualify for Chapter 7 bankruptcy, largely because of rumors that exist about the process. The truth is that Chapter 7 bankruptcy is available to most people, and it is quite likely that you can take advantage of a Chapter 7 bankruptcy filing if you believe that you truly need it. This is especially pertinent in Texas, where many assets are exempt and thus Chapter 7 bankruptcy can discharge your debts without requiring you to lose your house or car.

If you are struggling with debt and you are still unsure of whether or not you should file for bankruptcy, or even if you qualify, consider meeting with an attorney to discuss the aspects of your case. We offer free consultations to those who are curious about bankruptcy, and we can help you get started with a bankruptcy filing that can give you the fresh financial start you need.

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