Austin, Texas, Chapter 7 Bankruptcy Attorney
Chapter 7 bankruptcy (also known as liquidation bankruptcy) allows you to discharge your debts if you qualify under the budget and means test, meeting limitations, requirements or specifications. Chapter 7 bankruptcy allows you to discharge unsecured debt, including credit cards, medical bills and judgments.
At the law office of Susan G. Taylor, I offer experienced, supportive counsel to protect my clients as they enter and complete the bankruptcy process. I will review your debts and assets, as well as your income, and help you determine what bankruptcy option is right for you. As your advocate, I will answer your questions and concerns and help you explore any alternatives to bankruptcy, when possible.
Take action now to seek the fresh start you deserve by calling 512-879-9171 for a free consultation with an experienced bankruptcy attorney.
Who Should File for Chapter 7 Bankruptcy?
A typical Chapter 7 bankruptcy filer is a person who has large credit card debt along with other unsecured bills and a few assets. By liquidating non-exempt assets, a Chapter 7 bankruptcy can, in many instances, completely eliminate all your debts; however, certain debts cannot be discharged in a Chapter 7 bankruptcy such as alimony, child support, debts fraudulently incurred, certain taxes, student loans, and certain items you may have charged.
Filing a Chapter 7 bankruptcy allows you to:
- Stop creditor harassment, end debt collection
- Discharge a judgment
- Stop repossession
- Stop home foreclosure
- Stop accruing interest on tax and other debts
- Exempt property from the liquidation process
- Achieve financial independence after debt
Debt Liquidation and Elimination Through Chapter 7 Bankruptcy
If you simply want to eliminate your heavy debt burden without paying any of it back, Chapter 7 may be your best option. But for many, debt solutions are complex. You may want to keep a home or car on which you've fallen in arrears, protect non-exempt assets, or have a significant income that disqualifies you from filing a Chapter 7 bankruptcy. In this case, you may want to consider Chapter 13 bankruptcy.
Chapter 7 for Businesses and Corporations
Chapter 7 bankruptcy can also be filed by corporations, but not together with individuals. Whereas an individual can get the debts that remain after the liquidation discharged, corporations that file for Chapter 7 bankruptcy do not receive discharges; therefore, any individuals who might be legally liable for the business debts should strongly consider filing individual bankruptcies in addition to the corporation's bankruptcy.
To discuss your bankruptcy options and debt relief solutions, please contact Susan G. Taylor, an experienced bankruptcy lawyer serving individuals, families and businesses throughout Austin and other counties within the Austin division of the Western District of Texas.
Free initial consultations • After hours and weekend appointments available • Located conveniently 5 blocks west of the capitol • Ample parking
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
