Houston Chapter 7 Bankruptcy Lawyer
Guiding Individuals Through Chapter 7
The thought of bankruptcy is frightening and stressful, but filing doesn't
have to ruin your life. Working with a dedicated and experienced attorney
can help get you on the right track to debt relief. Our
Houston bankruptcy lawyers at Payne & Associates have more than 15 years of experience working
on complex bankruptcy cases and have
helped hundreds of clients free themselves from the overwhelming burden of mounting debt.
free bankruptcy evaluation, call Payne & Associates at (713) 766-0333.
What Is Chapter 7 Bankruptcy?
While there are many types of bankruptcy filings, Chapter 7 is one of the
more common forms that a Houston bankruptcy attorney can assist with.
This particular type of filing is known as debt liquidation, as it cancels
out nearly all of an individual's debts, including credit card debt,
medical bills, collection agency accounts, and more. This allows the person
to start with a clean financial slate.
Chapter 7 Bankruptcy Eligibility: The Means Test
In order to qualify for Chapter 7 bankruptcy, an individual must pass the
"means test." This test compares the individual's monthly
income to the median family income for their family size in their state.
This is done primarily to examine an individual’s level of financial
hardship and his or her ability to repay the debt. If you are not eligible
for Chapter 7 bankruptcy, you can consider
Chapter 13 bankruptcy, which is also an effective way to get rid of your debt.
Benefits of Hiring a Bankruptcy Lawyer
Our Houston bankruptcy lawyers at Payne & Associates offer free consultations
to determine which form of bankruptcy filing is right for each individual.
When you partner up with our firm, we go above and beyond the traditional
duty of a bankruptcy lawyer by working closely with each client to help
them rebuild their credit scores and monitor their credit reports.
We proudly offer our clients the following services:
- Free consultation
- Payment plan options
- Over 15 years of proven experience
- A caring, family-oriented environment
- Personalized and customized legal strategies
If you are struggling with the stress of overwhelming financial burden
and are curious about whether or not filing bankruptcy is right for you,
talk to our firm about your situation,
contact us at (713) 766-0333.