By the time many Texas residents realize they have financial problems, the situation is already overwhelming. If you are one of these people, then you know how stressful, frustrating and even frightening the situation can be. You want to file for Chapter 7 bankruptcy, but you are not sure how to proceed. Fortunately, you do not have to go through the process alone.
An attorney can help you determine whether you qualify for Chapter 7, help you gather and inventory your assets, and help you make sure all of your debts are accounted for in your filing. Bankruptcies require a substantial amount of paperwork, which can be confusing. Missing a step can derail the proceedings and require you to start over at best. At worst, you could neglect to include critical information that jeopardizes your discharge and could leave you with responsibility for debts that should have been included.
The court also has other requirements of filers that need to be completed prior to filing your petition and receiving your discharge. You will complete financial counseling courses and attend a hearing. The trustee on your case may require additional information from you as well.
Having a legal advocate to help you through the Chapter 7 bankruptcy process could prove invaluable. A Texas attorney can review your financial information and advise you regarding your best course of action. It may turn out that you do not necessarily need to file in order to achieve the debt relief you need. However, if your suspicions are confirmed that it would be the best way for you to receive a financial fresh start, the lawyer can be there to guide you through the entire process and help make sure it goes smoothly.