Lubbock Chapter 7 Bankruptcy Attorneys
Offering Reliable Chapter 7 Support Across the State of Texas.
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Thank you so much, McCarty-Larson, PLLC! You are such a great lawyers and your professionalism was excellent. The staff at the office was awesome, polite and kind. They understand a client's financial situation and works through the process patiently with great courage. Once again, thank you so much McCarty-Larson, PLLC!
- P.E.
McCarty-Larson, PLLC was very helpful and patient explaining our options after my wife lost her job and creditors were taking her to court. They outlined a plan for us and everything worked out very well for us. I would recommend McCarty-Larson, PLLC to anyone that is in need of legal help.
- Aaron Herrera
I met with McCarty Larson after many attempts to find a lawyer. They were very professional, straight to the point and polite. They accepted my case with no problems. With only one day to prepare for my case, McCarty Larson accepted my case, explained my options and attended the hearing on my behalf. They did all of this with only a one day notice. I normally do not write reviews, but this one had to be written. They are the best! You will not be sorry for hiring this firm.
- S.C.
When you choose McCarty-Larson, you're choosing a legal team that will stand by you every step of the way.
Lubbock Chapter 7 Bankruptcy Attorneys
Filing for Chapter 7 bankruptcy can provide individuals in Lubbock, TX, with a fresh financial start, especially when facing overwhelming debt. It is essential to understand how Chapter 7 bankruptcy works and how it affects your financial situation. This page breaks down the process and its impact on individuals, helping you make an informed decision.
What is Chapter 7 Bankruptcy?
Chapter 7 bankruptcy is one of the most common forms of bankruptcy for individuals. It is designed to provide relief for people who are unable to pay their debts. In this process, a court-appointed trustee will evaluate your financial situation and sell any non-exempt assets to pay off creditors. This includes debts such as credit card bills, medical bills, and personal loans. After the sale of assets, the remaining qualifying debts are typically discharged, meaning you no longer owe them.
How Does Chapter 7 Bankruptcy Affect Your Assets?
Not all your property will be sold in a Chapter 7 bankruptcy. Texas law provides exemptions, which means you may be able to keep certain property such as your home, car, and personal belongings. However, if your assets are not exempt, they may be sold to help repay your creditors. It’s important to know which assets are protected and how much you can keep in the event of a bankruptcy filing.
The Process of Filing for Chapter 7 Bankruptcy
The process of filing for Chapter 7 bankruptcy begins by completing a petition and filing it with the court. This petition requires detailed information about your finances, including your income, assets, debts, and expenses. You will also need to attend a meeting with the bankruptcy trustee, known as the 341 meeting of creditors. At this meeting, you will be asked about your financial situation, but creditors rarely attend.
After the meeting, the trustee will sell your non-exempt assets (if any), and the proceeds will be distributed to your creditors. Finally, once the court approves the discharge of your debts, you are legally no longer obligated to pay them.
How Does Chapter 7 Bankruptcy Impact Your Credit?
Filing for Chapter 7 bankruptcy will have an impact on your credit score. Bankruptcy can stay on your credit report for up to ten years, which can make it difficult to obtain new credit during that time. However, while it may temporarily affect your credit, it can also provide a pathway to rebuilding your credit after your debts are discharged. Many individuals who file for bankruptcy see their credit scores improve over time, as they are no longer weighed down by overwhelming debt.
The Role of Our Lubbock Chapter 7 Bankruptcy Attorneys
Navigating the bankruptcy process can be challenging. Hiring one of our Lubbock Chapter 7 Bankruptcy Attorneys can help you understand your options and ensure that your bankruptcy case is filed correctly. Our attorneys can explain Texas bankruptcy laws, help you protect your assets, and guide you through each step of the process. With their assistance, you can avoid mistakes that could delay or harm your case.
Why You Need Our Lubbock Chapter 7 Bankruptcy Attorneys
Filing for bankruptcy can be complicated, especially if you’re unfamiliar with the legal process. Without the proper guidance, you may overlook critical details that can affect the outcome of your case. Our Lubbock Chapter 7 Bankruptcy Attorneys are here to help you make the best decisions for your financial future. They can provide valuable insights into the bankruptcy process, help you prepare the necessary paperwork, and represent you in court.
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Common Mistakes People Make When Facing Bankruptcy Under Chapter 7
When you’re considering filing for bankruptcy under Chapter 7, it can feel overwhelming. You may feel like you have no other choice, but many people make mistakes during the process that can lead to unexpected consequences. As experienced Lubbock Chapter 7 Bankruptcy Attorneys, we know how crucial it is to avoid these common errors to ensure a smooth process and the best possible outcome.
Failing to Understand What Chapter 7 Bankruptcy Covers
One of the first mistakes individuals make is not fully understanding what Chapter 7 bankruptcy can and cannot do. Chapter 7 is designed to help people eliminate most unsecured debts, like credit card balances and medical bills. However, there are certain debts, like student loans, child support, and some taxes, that you cannot discharge. If you believe bankruptcy will wipe out all your debts, you may be surprised by the limits of Chapter 7. Understanding which debts can be cleared is a key part of moving forward.
Not Being Honest About Your Financial Situation
Honesty is critical when filing for bankruptcy. Many people make the mistake of hiding assets or inflating debts, hoping it will lead to a better outcome. However, this is a serious mistake. The court and your bankruptcy trustee will thoroughly review your finances. If they find that you’ve intentionally misrepresented your situation, it could lead to serious legal trouble, including the dismissal of your case or even criminal charges. Always be upfront about your financial situation to avoid complications.
Not Taking the Required Credit Counseling Course
Before you can file for bankruptcy, you must complete a credit counseling course. This course helps you understand your financial situation and explores alternatives to bankruptcy. People sometimes overlook this requirement or delay taking the course, but it is essential for your case to move forward. Skipping this step could result in your bankruptcy case being delayed or dismissed, which could add to your financial stress.
Filing at the Wrong Time
Timing is everything in bankruptcy. Many individuals make the mistake of filing for bankruptcy too soon or too late. Filing at the wrong time can lead to the loss of valuable assets, or you may not be able to discharge all your debts if you wait too long. Consulting with an experienced bankruptcy attorney can help you determine the best time to file, based on your specific situation.
Failing to Seek Professional Guidance
Another common mistake is trying to handle the bankruptcy process without professional help. While it may be tempting to try to file on your own to save money, bankruptcy can be complicated, and small mistakes can have serious consequences. Working with our skilled Lubbock Chapter 7 Bankruptcy Attorneys can ensure that all your paperwork is filed correctly and that you make the right decisions for your future.
Frequently Asked Questions About Chapter 7 Bankruptcy
At McCarty-Larson, PLLC, we understand that the decision to file for bankruptcy can be overwhelming. Our team of Lubbock Chapter 7 Bankruptcy Attorneys are here to help guide you through the process with clear answers to some of the most common questions we receive. If you have any further questions, don’t hesitate to reach out to us for personalized advice.
Chapter 7 bankruptcy is a legal process that allows individuals to eliminate most of their unsecured debts, such as credit card bills, medical bills, and personal loans. In exchange for debt relief, some of your assets may be liquidated, but many people are able to keep important property, such as their home or car, depending on the exemptions available under Texas law.
To qualify for Chapter 7 bankruptcy, you must pass the means test, which compares your income to the median income in Texas. If your income is below the state median or you have little disposable income, you may be eligible. If you are above the median, we can help assess whether you meet other requirements to file.
Chapter 7 bankruptcy can discharge many types of unsecured debts, including credit card balances, medical bills, and personal loans. However, some debts, such as student loans, child support, and recent taxes, are typically not dischargeable under Chapter 7.
Not necessarily. In many cases, individuals filing for Chapter 7 bankruptcy in Lubbock can keep most, if not all, of their property. Texas provides certain exemptions that protect assets like your home, car, and personal belongings. Our team of Lubbock Chapter 7 Bankruptcy Attorneys will work with you to ensure you understand the exemptions available and what can be protected.
The entire Chapter 7 bankruptcy process typically takes around three to six months from the time you file your petition until your debts are discharged. However, the timeline can vary depending on the complexity of your case. We will guide you through each step and keep you informed along the way.
Yes, being employed does not disqualify you from filing for Chapter 7 bankruptcy. In fact, many individuals who are employed can file for bankruptcy and eliminate their debts. The means test primarily looks at your income and expenses to determine eligibility, not whether you are employed.
Yes, filing for Chapter 7 bankruptcy triggers an automatic stay, which immediately halts most creditor actions, including phone calls, wage garnishments, and lawsuits. This provides relief from aggressive collection tactics and gives you a chance to regain control over your financial situation.
While it is true that filing for Chapter 7 bankruptcy will have an impact on your credit, it is important to remember that if you are struggling with overwhelming debt, bankruptcy may provide you with a fresh financial start. Many individuals can rebuild their credit after bankruptcy by staying current on payments and using credit responsibly.
The first step in filing for Chapter 7 bankruptcy is to schedule a consultation with one of our Lubbock Chapter 7 Bankruptcy Attorneys. During this consultation, we will review your financial situation, explain the process, and help you determine if bankruptcy is the right solution for you. From there, we will guide you through the necessary paperwork and file your petition with the court.
Lubbock Chapter 7 Bankruptcy Client Story
This client story is for educational purposes only.
David had always been a hard worker. He took pride in his job and loved providing for his family. But life has a way of throwing curveballs, and after a few unexpected setbacks—health issues, a job loss, and mounting medical bills—David found himself in a financial hole so deep, he didn’t know how to climb out.
The phone rang constantly with calls from creditors. Every time he checked his mailbox, there was another letter threatening legal action. David tried his best to keep up, but the weight of the debt was crushing him. The stress affected his health, his family, and his peace of mind. He couldn’t sleep, couldn’t think straight, and every day felt like he was drowning. The fear of losing his home and not being able to provide for his loved ones weighed heavily on him.
David was scared. He didn’t know what to do. He felt hopeless and uncertain about his future. But then, one day, he heard about McCarty-Larson, PLLC, the Lubbock Chapter 7 Bankruptcy Attorneys who could help people just like him.
He made the call.
From the moment David walked into McCarty-Larson, PLLC, he knew he had found something special. The team greeted him with compassion and understanding. They listened to his story without judgment, offering him the comfort of knowing that he didn’t have to face this alone. The attorneys explained the Chapter 7 bankruptcy process in simple terms, and for the first time in months, David felt a glimmer of hope. They told him that there was a way out to wipe the slate clean and start fresh.
With McCarty-Larson, PLLC by his side, David didn’t feel lost anymore. The team helped him gather the necessary documents, walk through the steps of filing, and made sure he understood every part of the process. They were there for him, answering his questions patiently and guiding him every step of the way. Their expertise gave him confidence, and for the first time in a long time, David felt like he had control over his future again.
Through their guidance, David was able to file for Chapter 7 bankruptcy. The crushing weight of his debt was lifted, and his creditors stopped calling. His financial future suddenly seemed brighter. The team at McCarty-Larson, PLLC gave him the fresh start he needed to rebuild his life.
David’s journey didn’t end there. With the burden of debt gone, he could focus on what really mattered, his health, his family, and his future. He had a chance to get back on his feet, without the constant fear of financial ruin looming over him. The attorneys at McCarty-Larson, PLLC didn’t just help him navigate the bankruptcy process, they gave him a new sense of hope and a chance at a fresh start.
David’s story isn’t unique. So many people in Lubbock and beyond face the same struggles with debt. But just like David, you don’t have to carry that burden alone. If you’re feeling overwhelmed, stressed, and uncertain about your future, McCarty-Larson, PLLC is here to help. Their team of experienced Chapter 7 bankruptcy attorneys will walk with you every step of the way, guiding you toward a brighter, debt-free future. You don’t have to live in fear of your finances any longer.
Get the Help You Need with Our Lubbock Chapter 7 Bankruptcy Attorneys
If you’re facing financial struggles and feeling overwhelmed by debt, you don’t have to go through it alone. At McCarty-Larson, PLLC, we understand the emotional and financial toll that financial difficulties can take on your life. Whether you’re dealing with mounting credit card bills, medical expenses, or personal loans, our team of skilled Lubbock Chapter 7 Bankruptcy Attorneys are here to guide you through the process of filing for bankruptcy and help you find a fresh start.
Schedule Your Appointment Today
Filing for Chapter 7 bankruptcy is a big decision, and having the right support can make all the difference. If you’re ready to take control of your financial future, reach out to our firm. We will take the time to listen to your concerns, understand your situation, and provide you with the guidance you need to move forward. To schedule an appointment, call McCarty-Larson, PLLC, today. We are committed to helping individuals in Lubbock, TX, navigate the complexities of bankruptcy and work toward a brighter financial future.
You Don’t Have to Face This Alone
Taking the step to file for bankruptcy can be daunting, but you don’t have to face it alone. McCarty-Larson, PLLC is here to provide the support and understanding you need. Our team is dedicated to helping you find a solution that works for you, so you can regain control of your financial life. Call us today to schedule an appointment and begin the journey toward financial relief.
Client Reviews
Exceptional service! Professional, knowledgeable, and supportive throughout the process. Highly recommend their team for anyone in need of legal assistance.
Jamaal Jenkins
We Can Help.
Our dedicated team is here to help you reclaim your future.
By working with our experienced bankruptcy attorneys, you can achieve a fresh financial start through Chapter 7 or Chapter 13 bankruptcy, empowering you to rebuild your credit, protect your assets, and pursue employment, housing, and life goals free from the burden of overwhelming debt.
We Proudly Serve the Following Communities
Ellis County including the cities of Ennis, Waxahachie, Midlothian, Red Oak, Ferris, Palmer, Italy, Milford, Maypearl, Garrett, Pecan Hill, Alma, Oak Leaf, and Bardwell.
Johnson County including the cities of Cleburne, Burleson, Joshua, Keene, Alvarado, Godley, Grandview, Venus, Rio Vista, Briaroaks, Cross Timber, Coyote Flats, and Joshua.
Tarrant County including the cities of Fort Worth, Arlington, Grand Prairie, Mansfield, Euless, North Richland Hills, Bedford, Grapevine, Haltom City, Keller, Hurst, Southlake, Colleyville, Saginaw, Watauga, White Settlement, Azle, Forest Hill, Lake Worth, Richland Hills, River Oaks, Sansom Park, Westworth Village, Benbrook, Crowley, Blue Mound, Edgecliff Village, Everman, Pantego, Dalworthington Gardens, and Kennedale.
Dallas County including the cities of Dallas, Garland, Irving, Grand Prairie, Mesquite, Carrollton, Richardson, Rowlett, DeSoto, Duncanville, Cedar Hill, Lancaster, Farmers Branch, Balch Springs, Coppell, Seagoville, Glenn Heights, Sachse, Wilmer, Hutchins, Addison, Sunnyvale, Cockrell Hill, Highland Park, and University Park.
