Houston Chapter 7 Bankruptcy Attorney
Filing for Chapter 7 in Houston
There are a high number of individuals who are struggling financially, who may lose their homes or who have a business which is unable to discharge its obligations. Even if they have considered bankruptcy, they may feel ashamed and not want to consider such an option, or they may simply not know what to do. If you or someone you love are considering filing for a Chapter 7 bankruptcy, you should consult with an experienced and competent Houston bankruptcy lawyer.
At Stockton Law Offices, we have extensive experience advocating for consumers' rights including helping them successfully get through bankruptcy proceedings. We will be happy to speak with you, help you understand the options available and to make informed decisions about bankruptcy and your financial future.
Chapter 7 Bankruptcy Lawyer in Houston
A Chapter 7 bankruptcy is the type of filing which results in a simple liquidation of assets to pay creditors and discharge debts. It has the purpose of wiping away debt which you are facing and forever ending the contacts from creditors. Depending on your circumstances, it includes eliminating all credit card debt and any other unsecured debts. It also can help stay foreclosure on your home. Certain debts cannot be eliminated, such as certain taxes, student loans and child support. In a Chapter 7 proceeding, assets are sold to gain the funds to discharge the debts. This process is administered by the individual named in court to oversee the sale of assets and payment of obligations. Certain property is exempt and you can keep it. Common examples include your clothes, your automobile and other personal affects. An attorney from our office can help you to understand more about the Chapter 7 process and whether you are qualified for it.