Understanding Houston Chapter 7 Bankruptcy

A Chapter 7 bankruptcy in Houston is the most common type of bankruptcy for an individual to file. It is designed to quickly discharge and eliminate your debt for good. Every year thousands of people clear their debt by filing Chapter 7 in Houston. For many, it provides an opportunity for a fresh financial start.

Because of a recent law passed in 2005, you must complete the Chapter 7 means test in order to determine if you are eligible to file Chapter 7. The test looks at your income, debts, and assets so that the court can make sure you are truly in need of a Chapter 7 bankruptcy.

Contact the Law Office of Russell Van Beustring  for help with the means test and to determine if filing is right for you.

Houston personal bankruptcy

Houston Chapter 7 bankruptcy involves liquidating your assets in order to pay off your debts. After this is done, the remainder of your debts are discharged and you will no longer be responsible for paying them.

For many people struggling to pay off debts, a Chapter 7 bankruptcy in Houston offers a quick way out. It is possible to receive a discharge from your debts within three to four months after filing.  Texas has the most generous bankruptcy exemption laws in the country.  Attorney Russell Van Beustring has the experience you need to help you understand how to make these exemptions work best for you.

The steps to follow

The steps involved in filing a Chapter 7 in Houston include:

To file bankruptcy in Houston, contact the experienced bankruptcy attorney Russell Van Beustring. As a reputable bankruptcy lawyer in Houston, Mr. Van Beustring understands the complexities of bankruptcy law and can help you make decisions that are in your best interest.

He can also assist your business in filing a Chapter 11 bankruptcy.

Contact us

For the best bankruptcy advice in Houston or to explore whether filing bankruptcy is the right choice for you, contact the bankruptcy specialists at the Law Office of Russell Van Beustring, P.C. today for a free initial consultation.