Plano Chapter 7 Bankruptcy Lawyer

Chapter 7 bankruptcy is the most common type of consumer bankruptcy in the United States. It is a liquidation process that allows individuals to have their debts discharged without having to pay them back.

If you are a Texas resident and looking to file Chapter 7 bankruptcy, here are the steps you need to take:

1. First, you must attend a credit counseling session with an approved agency at least six months prior to filing your bankruptcy. This is required by federal law and you must provide proof of the counseling before your bankruptcy case can proceed. This is a requirement of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. The counseling can be done in person, over the phone, or online and typically takes about an hour.
2.  Gather all the necessary paperwork and documents. This includes any tax returns from the past two years, proof of income, financial statements such as bank account balances and investments, and a list of all your creditors. Make sure you have copies of all this information.
3.  Next, complete the official bankruptcy forms. These forms can be found on the U.S. Bankruptcy Court website and must be filled out completely and accurately before filing for bankruptcy.
4. You must pay a filing fee when you submit your petition to the court. The fee is currently $338 dollars, although it may change over time. In some cases, you may qualify for a fee waiver or installment payment plan.
5. Once you have submitted your petition to the court, you must attend a meeting with the trustee assigned to your case. This meeting gives creditors an opportunity to present any objections they may have and also allows the trustee to verify that all information is accurate.
6. Finally, after all steps have been taken, the judge will either approve or deny your petition. If approved, you will receive a discharge of all debts and be free from any future payments.

By following these steps, you can begin the process of filing for Chapter 7 bankruptcy in Texas. It is important that you understand the process to ensure your case is handled properly.

Make the Right Choices for Your Unique Needs

LoBue Law, PLLC focuses on providing client-centered legal services. When you put your trust in our Plano Chapter 7 lawyer, you can expect one-on-one attention from our attorney Vinny. From start to finish, you can expect us to walk you through all the necessary steps to help you successfully move forward from your current situation. Do not hesitate to reach out with any questions or concerns. 

Contact our team now at (972) 694-6400 for a free consultation!