Austin Chapter 7 Bankruptcy Lawyer
Businesses and individuals can file for bankruptcy under Chapter 7 of the US Bankruptcy Code. Under this plan, most of your non-secured debts can be completely discharged, giving you a chance to start with a clean slate. Though not all debts can be discharged under Chapter 7, this plan is attractive to many people because it is usually a quick and efficient way to get out of debt.
Whether you have chosen to file for bankruptcy or your creditors have forced it on you, the Austin Chapter 7 bankruptcy lawyers Slater, Kennon & Pugh Ltd.LLP, can help. We know the ins and outs of the legal system, and can help you reach the best possible outcome for your circumstances. To learn more, contact us at 512-338-1100.
Learn More about Austin Chapter 7 Bankruptcy
There are many complex laws governing who can file for Chapter 7 bankruptcy, what responsibilities you must bear, and what you might gain. Read the following pages to learn more about:
What Happens when You File under Chapter 7?
If you decide to file for bankruptcy under Chapter 7, you will be assigned an interim trustee. This is the person who will oversee the Chapter 7 bankruptcy process. Although part of the bankruptcy trustee’s job is to handle the liquidation of assets, most bankruptcy cases are “no asset” cases, meaning that all available assets are protected from sale by bankruptcy law.
Evaluating the possible outcomes of a bankruptcy filing is an important step to take; contact an Austin Chapter 7 bankruptcy lawyer to make sure you know all the important details about your situation.
To speak with a knowledgeable Austin Chapter 7 bankruptcy attorney, contact the offices of Slater, Kennon & Pugh Ltd.LLP, at 512-338-1100.