Liquidation Bankruptcy in Houston, TX
Call Our Houston Bankruptcy Lawyers to Learn More: (713) 766-0333
If you are feeling overwhelmed by debt, filing for bankruptcy may be an option for you. Our Houston bankruptcy attorneys at Payne & Associates understand the tremendous pressure and stress that comes with debt and bankruptcy. We can help guide you through the entire bankruptcy process, from filing the applications and meeting with creditors to seeking a discharge of your debts.
Call our office at (713) 766-0333 to discuss your options.
What is Liquidation Bankruptcy?
Chapter 7 bankruptcy is often referred to as liquidation bankruptcy because it wipes out your unsecured debt, which includes credit card bills, medical bills, personal loans, etc. All of your nonessential property will also be liquidated, including second card, additional homes, and investments to pay off your debts. In Chapter 7 bankruptcy, virtually all of your debt will be eliminated, allowing many clients the opportunity to start over financially.
Not all debt can be eliminated in liquidation bankruptcy, including:
- Student loans
- Income tax debt
- Child support payments
You can learn more about what you can expect during and after liquidation bankruptcy by calling our Houston bankruptcy lawyers for a one-on-one consultation.
The Homestead Exemption
Texas is unlike other states in that it allows bankruptcy filers to use the homestead exemption. For most people, their home is their most valuable asset. The state allows people to exempt their homes from that filing, which means that you can keep your home. In many cases, this exemption makes it beneficial for individuals to file Chapter 7 over Chapter 13 bankruptcy, but the distinctions are very complex and should be discussed with a Houston bankruptcy lawyer.
If you are contemplating filing bankruptcy, talk to our Houston bankruptcy attorneys at Payne & Associates. We have more than 15 years of experience helping clients not only file bankruptcy, but also repair and monitor their credit following the filings.
Call us at (713) 766-0333 today to see if liquidation bankruptcy is right for you.
1. Rebuild Your Credit Score - Fast
Most attorneys simply look at the immediate effects of a bankruptcy. Not us. We go the extra step and make sure a bankruptcy filing benefits our clients for the long-run. This means we are there to help our clients completely rebuild their lives and their credit scores as fast as possible.
2. Monitor Your Credit After Discharge
Your relationship with Payne & Associates does not end after a discharge of debt! Even in the months following a discharge, we carefully monitor your credit and how creditors are dealing with your discharge. In some instances, creditors will not remove everything, but we make sure these violations do not occur or impact your score.
3. Ready to Defend Your Discharge, If Needed
Because we are constantly and proactively looking out for our clients, we stand at the ready to defend your discharge and take action to remove any erroneous information, if necessary. Because we are understanding of the financial pressure you may be under, we will add these services for the same price as a traditional bankruptcy filing.