Chapter 7 Bankruptcy
Creditor harassment, threatening letters, foreclosure notices and past-due bills can overwhelm your life. However, it is possible to get a fresh financial start by filing for bankruptcy protection.
As a Texas bankruptcy attorney and founder of the Law Office of Gordon Mosley, I understand that a bankruptcy filing is not a decision to take lightly. That is why I provide clients with the guidance and understanding that comes with more than 20 years of legal experience. Debt relief may be easier than you think. I am prepared to help you explore your options. Call 903-266-1843 to schedule a free initial consultation to discuss your situation.
How A Chapter 7 Filing Can Help You
Chapter 7 bankruptcy is also known as liquidation bankruptcy. This means that most of your debt will be discharged if you qualify for this type of protection. Many people mistakenly believe that they will lose their homes and other assets if they file for Chapter 7. However, the reality is that you will likely be able to protect most of the assets that you own outright. A Chapter 7 filing is useful for discharging substantial credit card debt, medical debt and other eligible forms of debt.
Do I Qualify For A Chapter 7 Bankruptcy?
In recent years, Congress has tightened the requirements for qualifying for Chapter 7 bankruptcy. However, this does not automatically make you ineligible. In order to qualify, the court will evaluate your gross income from the previous six months. If your income is below the median gross income according to your family size and geographic location, you will likely qualify for this form of debt relief.
Even if you do not qualify for Chapter 7, it may still be possible to get relief through a Chapter 13 bankruptcy filing. I and my staff will help you evaluate your situation and determine your debt relief options. Even though a bankruptcy filing is likely to touch everything you own and owe, if you assure your mortgage company or other creditors that you will continue to make payments, you may able to keep your home, your car and other assets.
Contact Me, A Tyler Attorney For Credit Card Debt Relief
My law office is a debt relief agency and helps people file for bankruptcy relief under the Bankruptcy Code.