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Chapter 7 Bankruptcy

Southlake Chapter 7 Bankruptcy Lawyers

Assisting Clients With Chapter 7 Bankruptcy Matters in Texas

Are you overwhelmed by debt? Are you struggling to keep up with your bills? Are creditors harassing you? If this describes your situation, you may be eligible to file for Chapter 7 bankruptcy.

At the Law Offices of Mark M. Childress, we have successfully guided thousands of individuals through the bankruptcy filing process. We understand that deciding to file for bankruptcy can be daunting and stressful. That's why we are committed to supporting you every step of the way.

Our Southlake Chapter 7 bankruptcy lawyers are dedicated to offering compassionate and personalized legal representation, helping you to move forward with your life. We work closely with clients to determine if Chapter 7 bankruptcy is the most suitable option and to navigate the bankruptcy process effectively. 

If you are interested in filing for bankruptcy, contact us online or call (817) 497-8148 to learn how our Southlake Chapter 7 bankruptcy attorney can help you achieve a fresh financial start.

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy, often referred to as liquidation bankruptcy, involves selling non-exempt assets to pay back creditors, with the remaining qualifying debts being discharged. 

Chapter 7 is the simplest and fastest form of bankruptcy. In contrast, Chapter 13 bankruptcy allows debtors to retain their assets and repay their creditors over a period of time.

Here are some of the benefits of Chapter 7 bankruptcy:

  • Debt Discharge: The primary benefit of Chapter 7 bankruptcy is the discharge of most unsecured debts, including credit card debt, medical bills, personal loans, and more. This means you are no longer legally obligated to repay these debts, providing you with a clean financial slate.
  • Immediate Relief: Filing for Chapter 7 triggers an automatic stay, which halts all collection actions, including creditor harassment, lawsuits, wage garnishments, and repossessions. This gives you immediate relief from financial stress and allows you to regain control of your finances.
  • Speedy Process: Chapter 7 bankruptcy typically takes a few months to complete, making it one of the fastest bankruptcy options. This means you can quickly move forward with your life and financial recovery.
  • Protection of Exempt Assets: Most people who file for Chapter 7 bankruptcy can keep certain essential assets, called exempt property, such as your primary residence, vehicle, and personal belongings. The bankruptcy code allows you to protect these assets from being sold to repay creditors.
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Exceptional Legal Representation

  • Direct Access To Your Attorney

    Our Attorneys personally handle each case themselves. You will have direct access to your attorney to be able to get the answers that you need. 

  • Transparency
    Honesty and transparency are critical in building trust with your attorney. You will always know what is going on with your case every step of the way.
  • Team Oriented

    At our firm you're not just a case number, our staff will always know the status of your case and help to make your situation more manageable.

  • Personalized Approach
    Our team understands that no two cases are the same. Your strategy will be tailored specifically to you and your family's goals.