At the Law Office of William E. Harrison, we evaluate the state of your finances to see if you are eligible for chapter 7 bankruptcy. We take the time to get to know you and provide advice tailored to your unique circumstances.
When you come to our Conroe office, attorney William Harrison—
Our office is a comfortable environment where you can feel free to ask questions about even the most minor bankruptcy law details. We are devoted to helping you get out of debt and back on your feet.
Chapter 7 bankruptcy
Chapter 7 bankruptcy is the simplest, most common form of bankruptcy filed in the United States. It allows debtors to wipe out all nonexempt debts through a liquidation process where certain assets are sold. Creditors then receive payment from the proceeds of the property sale.
While some individuals, families, and small businesses are eligible to file for chapter 7 bankruptcy, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires potential filers to take a means test—designed to compare your expenses and income—before submitting a bankruptcy petition. You must also receive credit counseling.
If approved to file for bankruptcy under chapter 7, debtors receive an automatic stay as soon as a petition is filed with a bankruptcy court. The automatic stay temporarily preserves the state of your property, giving you relief from collections agencies as your trustee gathers nonexempt property for sale and you prepare for your 341 hearing. Your 341 hearing, or meeting of creditors, requires you to truthfully answer questions about your finances under oath.
Useful resource links
- United States Trustee Program
- United States Bankruptcy Court, Western District of Texas
- United States Bankruptcy Court, Southern District of Texas
- Internal Revenue Service
- National Association of Certified Credit Counselors
Look no further for zealous legal representation
Located right next to the Montgomery County Courthouse, the Law Office of William E. Harrison provides expert chapter 7 bankruptcy representation to Texas debtors. Attorney William Harrison has 15 years experience assisting clients in Conroe, The Woodlands, and Montgomery County.
Contact our office for a free initial consultation with a skilled bankruptcy lawyer. Our office is available 24 hours a day via phone or email.
¿Se habla español? Attorney William Harrison helps Spanish-speaking families, businesses, and individuals determine if filing for chapter 7 bankruptcy is right for them.