THE BASICS OF TEXAS BANKRUPTCY LAW
Bankruptcy law protects consumers from financial ruin and the loss of their house, car and other property. Immediately upon filing bankruptcy, the Automatic Stay protects the debtor from all collection actions. Bankruptcy offers all Americans a second chance to recover from overwhelming debt. Attorney John Hixson recognizes that financial problems can happen to anyone and that the entire family is impacted by a burden of debt that can no longer be carried. Mr. Hixson can assist you in finding a path out of financial hardship by having your qualifying debts eliminated or through a Court ordered debt repayment plan.
Catastrophic medical bills, a devastating judgment, or an unavoidable business failure may require bankruptcy relief. If a financial disaster has led to a foreclosure, collection lawsuit, or repossession, he will advise you in choosing whether to reorganize your affairs (Chapter 13) or discharge your debts (Chapter 7).There is a LOT of misinformation floating around regarding the new bankruptcy laws. Don’t believe the negative rumors. Relief is still available under Chapter 7 and Chapter 13 for individuals and businesses. There are more eligibility requirements before you file bankruptcy and more documentation requirements after you file (declare) bankruptcy, but bankruptcy is still available.
Basic Requirements:
1. List ALL your assets and ALL your creditors on the Bankruptcy worksheet provided by Mr. Hixson. Complete ALL sections/pages of these worksheets. Complete ALL other required forms on fully and on time.
2. Carefully review and sign the papers prepared for you by Mr. Hixson. These papers are signed under oath and the penalty for perjury applies. Tell the truth—you have nothing to hide.
3. Complete TWO counseling sessions:A) A credit counseling course prior to filing your case.B) A personal financial management course after you to file your case
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