Areas & Topics

chapter 7 bankruptcy Archives

Will Chapter 7 bankruptcy resolve your financial issues?

These days, it would be difficult to find someone here in Texas who does not have some form of debt. The difference is that not everyone has the capability to repay debts, especially after some sort of financial setback such as a job loss or a divorce. Whether you experienced an event such as this or the amount of your debt simply got away from you, it might be time to consider your debt relief options, including filing for Chapter 7 bankruptcy.

Will a Chapter 7 bankruptcy deplete bank and retirement accounts?

The inability to meet financial obligations is something that many Texas residents experience at one time or another. Some people are able to recover from these circumstances, but others cannot. In those cases, they may consider filing for Chapter 7 bankruptcy, but worry they may lose the money in their bank and retirement accounts.

Owning certain assets may make a Chapter 7 bankruptcy a bad idea

Perhaps a Texas resident has spent several years accumulating certain assets but then falls on hard financial times. With the debt continuing to mount, he or she decides to look into filing a Chapter 7 bankruptcy in an effort to correct the situation. However, if a person owns certain assets, this may not be the right move.

What does a Chapter 7 bankruptcy trustee do?

When Texas residents experience financial difficulties, they often feel as though they lost control of their lives. Choosing to file for Chapter 7 bankruptcy protection can help them regain some sense of control and receive a fresh financial start. However, they may continue experiencing that same stress during the proceedings since their fate often rests in the hands of a bankruptcy trustee.

Do creditors violate the Chapter 7 bankruptcy automatic stay?

Being overwhelmed by debt creates a constant struggle for many Texas residents. Phone calls, threats of lawsuits and more only serve to make the situation worse. For this reason, many of them decide to file for Chapter 7 bankruptcy, partly in order to take advantage of the automatic stay, which bars creditors from engaging in collection activities during the proceedings.

Would debt settlement help more than Chapter 7 bankruptcy?

This is not an easily answered question, but Texas residents considering their debt relief options need to understand the substantial risks involved in debt settlement. Far too many people have ended up in the same or worse financial circumstances after trying this option. In fact, many end up filing for Chapter 7 bankruptcy protection, and some admit they should have done so in the first place.

Rebuilding a financial life after a Chapter 7 bankruptcy

Financial problems are nothing unusual for consumers here in Texas and elsewhere. Debt can get extremely overwhelming and, for many people filing for Chapter 7 bankruptcy, could provide relief from the situation. What makes several of them hesitate is thinking that doing so would end their financial futures, but that is not true. In fact, it does not have to be an end, but instead, a beginning.

How can an attorney help with a Chapter 7 bankruptcy?

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.

Be careful not to jeopardize a Chapter 7 bankruptcy discharge

Finding a way to resolve financial difficulties can help relieve the stress that most Texas residents feel under these circumstances. For many, filing for Chapter 7 bankruptcy is the right debt relief option, and they expect to walk away with a fresh financial start and fewer debts. However, if not careful, they could jeopardize receiving the discharge they need.

How often can Chapter 13 or Chapter 7 bankruptcy be filed?

It is nearly impossible for Texas residents to predict when they will encounter serious financial difficulties. Perhaps a consumer had this problem in the past, and used Chapter 7 bankruptcy in order to gain a fresh financial start. Things may have gone well for some time, but then something happened to undo that progress. Perhaps an injury or illness, a job loss or a divorce caused another financial crisis.

Office Location

Limon Law Office
890 W Price Rd
Brownsville, TX 78520

Phone: 956-465-2661
Fax: 956-544-4949
Map & Directions