Filing Chapter 7 in Texas

Filing Chapter 7 serves you in several ways. First, as soon as the case is filed, all of your creditors are stopped from doing anything toward debt collection. They cannot call or write to you demanding payment. They cannot start or continue any lawsuits against you, and foreclosures and repossession procedures are at least temporarily halted. Second, filing Chapter 7 will discharge or relieve you of the obligation of paying your unsecured debts, those debts which don’t have a collateral, such as credit card debts, signature loans and medical bills.

Secured debts, those debts with a collateral such as homes, vehicles, and major appliances, must be paid if you wish to keep the collateral. So, if you want to keep your home and your vehicles, you must continue to make your monthly payments. If you do not want to keep the collateral, you may give it back to the creditor, and the debt becomes unsecured and will be discharged.

This section addresses most of the questions our clients have when they are thinking about filing a Chapter 7 bankruptcy. The Chapter 7 process can be summarized into ten stages. The stages are:

  1. Office Consultation.
  2. Retaining the Firm.
  3. Credit Counseling.
  4. Preparation of Legal Documents.
  5. Filing the Case.
  6. The Automatic Stay.
  7. Meeting of Creditors.
  8. Personal Financial Mangement Class.
  9. Reaffirmation Process (and the Redemption Option).
  10. Discharge.

We also have the answers to COMMON QUESTIONS AND CONCERNS about filing Chapter 7. This section addresses most of the questions our clients have when they are thinking about filing this type of bankruptcy case.

Should you have any further questions or wish to schedule a consultation, please call us at the phone number listed for your general area.

Arlington, Fort Worth, Mid-Cities and surrounding areas: (817) 358-9977

Weatherford, Palo Pinto, Mineral Wells areas: (817) 599-6780

Stephenville, Glen Rose, Lipan areas: (254) 918-0717

View maps to the bankruptcy courts