Meticulous Chapter 7 Bankruptcy Attorneys in Stephenville, Texas

Providing individuals with relief from debt

Sometimes situations beyond your control profoundly can impact your earning potential and lead to overwhelming debt. If you find yourself unable to pay your bills, you may want to consider filing for bankruptcy. Designed to provide debtors with a fresh start, Chapter 7 bankruptcy gives you and your spouse relief from debts through liquidation of your non-exempt assets. Once you have filed for bankruptcy, creditors immediately must stop collections efforts, including harassing letters and phone calls.

Means test

To qualify for Chapter 7 bankruptcy relief, your family income must fall below the median income in Texas, or you must satisfy the court’s means test, which calculates your income and expenses compared to the median income in Texas and expense guidelines adopted by the Bankruptcy Court. If you are not eligible for Chapter 7 bankruptcy, Chapter 13 may be available. We can help you determine if you are eligible for Chapter 7 bankruptcy and if it is your best solution for dealing with your debts.

Discharge of debts

Our attorneys at Fraser, Wilson & Bryan, P.C., who have more than 50 years of experience combined, can help you determine which of your assets are eligible for exemption and negotiate with the trustee or creditors in other matters. Upon conclusion of the bankruptcy proceedings, the court grants a discharge of your debts.

Preparing for your appointment

So that we immediately can begin analyzing your case, it is necessary that you bring certain information to your first appointment with Fraser, Wilson & Bryan, P.C., including:

  • A general list of your creditors and the amounts you owe
  • Your employer’s name and your gross and net income
  • Other sources of income and amounts
  • A list of what you own and estimates of the value of each item

Our firm provides bankruptcy assistance. Our firm helps people file for bankruptcy relief under the U.S. Bankruptcy Code.

Contact experienced bankruptcy attorneys in Stephenville, Texas

If you are looking for a way out from under your debt, call Fraser, Wilson & Bryan, P.C. at 254-434-2400, 254-965-7270 or contact us online to schedule your free bankruptcy consultation.