Heston Ciment, PLLC

Chapter 7 bankruptcy may be an option if the size of your debt exceeds your capacity to pay. Filing bankruptcy can be complex. To ensure the best possible outcome, consult with an attorney. More than five thousand individuals have obtained debt relief through the Heston Law Firm’s bankruptcy filings. Our legal experts will inform you on everything you need to understand to decide if bankruptcy is the best option for you and provide support throughout your process. Firstly, you need to meet certain requirements to file for Chapter 7 bankruptcy. These requirements include a credit counseling certificate and a means test. The latter compares your income to the median household income in Texas and considers your debts, living costs, and other financial data. If you pass the means test, you can file for Chapter 7 bankruptcy. This will require that you list your assets and liabilities and apply for exemptions. Exemptions ensure that trustees of creditors or entities selling your property do not go after certain items. You can apply for either federal or state exemptions, but the two cannot be combined. Our bankruptcy lawyers will help you maximize your exemptions, and most clients keep everything they own. Once your bankruptcy petition is approved, all the debts you owe are eliminated. Your exempt assets are also returned to you. In addition, you will be required to take a debtor education class. After completing the course, your debt will be forgiven, and you will get a chance to restart. No more tormenting phone calls and improved credit score. You can live a stress-free life without worrying about debt that seems unmanageable. Call the Heston Law Firm for a private meeting with a bankruptcy attorney to start looking forward to a brighter future.