Finding Your Path Out of Debt
Bankruptcy sounds a lot more intimidating than it really is. The entire Chapter 7 bankruptcy process generally takes about three months and requires just one hearing with the Chapter 7 Trustee. As your lawyer, I accompany you to the hearing.
Take the First Steps Toward Becoming Debt Free | Call lawyer Robert W. Berry: 512-501-1948 or 888-893-5886 | E-Mail | Free Initial Consultation
At the law office of Robert W. Berry, Attorney at Law, I can explain how Chapter 7 bankruptcy can work for you in a free initial consultation. In meeting with me, you can get your questions answered and start to experience the relief of knowing that someone is there to help you down the path toward debt relief.
The Benefits of Filing Chapter 7 Bankruptcy
Chapter 7 bankruptcy (sometimes called a liquidation bankruptcy) cancels (or "discharges") your unsecured debt. Unsecured debt includes credit card debt and medical debt. This is debt that you do not have to pay back — ever. Unfortunately, student loan debt and some taxes may not be dischargeable. As a knowledgeable lawyer with more than 14 years of experience in bankruptcy law, I can help you understand whether Chapter 7 may be the best option for you.
What Property Can I Keep?
Most people want to know what property they can keep if they file for bankruptcy. The Bankruptcy Code generally allows you to keep your home and your automobile, most household furnishings, and other basic items. These items are called "exempt property," and the state and federal laws that specify what property is exempt are called "exemption statutes."
In the overwhelming majority of bankruptcies filed by individuals, all (or virtually all) your property is "exempt," and is yours to keep.
If I Earn Too Much can I Qualify for Chapter 7?
In order to qualify for a Chapter 7 bankruptcy, your average income is calculated, and you may have to pass a "means test," that essentially measures your ability to pay your existing debts. If your income is too high, you may not qualify for a Chapter 7. But you may still have the option of filing a Chapter 13 Bankruptcy, which involves a reorganization and partial repayment of your unsecured debts.
Learn What You Need to Know About Bankruptcy
At a free initial consultation, learn how I can help you get back on the road to financial freedom. Call 512-501-1948 or 888-893-5886 or contact me online. My law office assists clients throughout Central Texas, including those in Travis County, Williamson County, Hays County, Bastrop County, Burnet County, Blanco County, Lee County and Caldwell County.
I am a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.
