For individuals and families who are in substantial debt that they are unable to satisfactorily pay, the terms of a Chapter 7 bankruptcy may provide a sensible means of settling the matter with their creditors. A properly filed bankruptcy case can allow a debtor the chance to effectively end all collection efforts on a number of debts for a partial payment of the amounts owed.
However, Chapter 7 may not be the best option if your assets greatly exceed the exemption limits outlined in the bankruptcy law. The Dickinson Chapter 7 bankruptcy attorneys of Gipson, Norman & Root can help you to decide whether this may be the best course of action for your situation. We offer all of our clients a free 30 min. consultation, and we can answer many of your questions and evaluate your situation as part of this session. Contact us at 888-512-6044.
Chapter 7 Bankruptcy in Dickinson, Texas
Although many catchy advertisements may try to persuade you otherwise, the reality is that there are some significant debts that are protected from a bankruptcy discharge. Generally, they are debts that are in some way related to federal, state, or municipal governance, and may include:
- Student Loans
- Child Support
The bankruptcy process is far more refined and complex than a simple filing of paper that will magically erase your debt. Contact the Dickinson Chapter 7 bankruptcy lawyers of Gipson, Norman & Root to learn what will be required of you, and what we can offer. Contact us at 888-512-6044.