Chapter 7 Bankruptcy in Irving
Speak with an Irving Bankruptcy Lawyer About Your Case Today!
Struggling under financial debt can be stressful for anyone, but fortunately
there are ways to find relief and pull yourself back on your feet. If
you’re considering declaring bankruptcy as a way of regaining your
financial independence, you’ll have several different types to choose
from. Chapter 7 is perhaps the most well-known type of personal
bankruptcy, and involves liquidating your assets in order to pay off creditors and
have your debts discharged. At
J. Roland Jeter, P.C., we are determined to help you choose the best option for your situation
and help you rebuild your credit rating as soon as possible, including
by guiding you through the Chapter 7 bankruptcy process.
Attorney Jeter has helped numerous clients throughout his multi-decade
career. Since starting his practice back in 1978, he has dedicated himself
to helping Dallas and Fort Worth residents get the legal counsel and trustworthy
advice they need in order to find quick ideal solutions. He understands
how devastating and strenuous crippling debt can be, and also recognizes
that people who fall to unmanageable levels don’t always get there
due to circumstances they can control. He always provides each client
with the utmost professionalism and tact, ensuring they receive counsel
that has their best interests and well-being in mind.
For more information about declaring bankruptcy or to find out if it’s
the right decision for you, call J. Roland Jeter, P.C. at 972-330-4050 for a
Chapter 7 Bankruptcy Explained
When it comes to bankruptcy, Chapter 7 is perhaps the most simple, and
it’s often the one people think of when they hear the term. In short,
Chapter 7 bankruptcy allows you to freeze all collections acts against
you, add up all of your assets, apply exemptions in order to keep some
of them, and then allow the remainder to be liquidated (sold off) in order
to pay your creditors. In exchange, whatever unsecured debts you may have
Chapter 7 bankruptcy can help get rid of debts, including:
- Medical bills
- Credit card debt
- Outstanding utility bill charges
- Unsecured personal loans
Not everyone qualifies for Chapter 7: in order to do so, you must pass
a “means test,” which essentially shows that your expenses
dramatically outweigh your income. Essentially, if your income is below
the median income for a household of your size in your state, you pass.
If not, if your “disposable income” level is below an accepted
threshold, you also can file for Chapter 7.
Don’t wait! If you’re struggling with your debt, speak with
J. Roland Jeter, P.C. today and find out if you could significantly benefit
from Chapter 7 bankruptcy!
Contact us online now to learn more.