Beaumont Chapter 7 Bankruptcy Attorney

The Fastest Way to Get a Fresh Financial Start. Call (409) 234-1490.

Chapter 7 bankruptcy is the fastest and simplest way to wipe out debts and get a fresh financial start. At the Maida Law Firm, P.C., the bankruptcy lawyers offer a free initial consultation to answer your questions about Chapter 7 bankruptcy and determine if you are eligible. The Beaumont and Houston* offices can cater to your needs and help you know whether Chapter 7 is right for you!

* Houston office available by appointment only.

Who Is Eligible to File for Chapter 7 Bankruptcy in Houston & Beaumont?

You can file Chapter 7 bankruptcy if you do not earn more than the median income for your family size in Texas. Even if you earn more than the median income, you can file Chapter 7 bankruptcy if you:

  1. Do not have enough earnings to repay at least 10 percent of your debt or $10,000 over a 5-year period in a Chapter 13 debt repayment plan
  2. Are a military veteran who is more than 30 percent disabled
  3. Are on active duty with the National Guard

It is important not to just assume that you cannot file Chapter 7 bankruptcy simply because a creditor or another lawyer said you were not eligible. Bring your financial information to the Maida Law Firm, P.C. and the Houston Chapter 7 bankruptcy attorneys can determine if you are eligible.

How Chapter 7 Bankruptcy Works

Filing Chapter 7 bankruptcy allows you to obtain a discharge of unsecured debts such as credit card bills, hospital bills, unpaid traffic tickets, and payday loans. Certain kinds of tax debts can also be discharged. Secured debts are those that are backed by property such as your home or your car and will have to be paid if you want to keep the property.

Chapter 7 bankruptcy is known as liquidation bankruptcy. This means that the bankruptcy trustee has the right to take any property that is not "exempt" and use it to pay your creditors. Exempt property is different in every state. In Texas, you can keep all equity in your homestead. You can also keep your retirement savings, your household belongings up to a certain value and a car up to a certain value.

Over 40 Years of Combined Experience - Call (409) 234-1490!

The Houston bankruptcy lawyers from Maida Law Firm, P.C. can give you specific information about which of your debts can be discharged and which assets are exempt from liquidation during your consultation. If you have any questions concerning Chapter 7 bankruptcy, it is important to get information from a lawyer from the firm. If you need assistance with this chapter of bankruptcy, it is important to get the assistance you need. Feel free to contact one of the bankruptcy lawyers at the Maida Law Firm, P.C. in Beaumont or Houston for further information!

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