Chapter 7 Bankruptcy in Texas: A Fresh Start for Your Finances
Chapter 7 Bankruptcy in Texas: A Fresh Start for Your Finances
If overwhelming debt has taken control of your finances, you may be considering bankruptcy as a path toward relief. At J. Gannon Helstowski Law Firmwe help Texans explore whether Chapter 7 bankruptcy is the right option for their circumstances. Chapter 7 allows you to eliminate burdensome debts, including:
- Credit cards
- Medical bills
- Payday loans
- Personal loans
- Repossessions and deficiency balances
In many cases, you may still keep essential property like your home and vehicle—provided you continue making timely payments. Beyond debt relief, Chapter 7 provides immediate protection by halting creditor harassment, lawsuits, wage garnishments, and frozen bank accounts the moment you file.
Debts That Chapter 7 Bankruptcy Does Not Cover
While Chapter 7 offers a powerful financial reset, not all debts can be eliminated. Certain obligations remain, including:
- Unpaid child or spousal support
- Most student loans
- Unsettled income taxes
- Court fines and penalties
However, by discharging other unsecured debts, Chapter 7 can free up resources to manage these remaining obligations. An experienced bankruptcy attorney can evaluate your situation and help you create a practical financial plan moving forward.
Requirements to Qualify for Chapter 7 Bankruptcy in Texas
Not everyone is eligible to file under Chapter 7. To prevent abuse of the system, applicants must pass a means test, which assesses whether your income is low enough to qualify. If your income is above the Texas median, additional calculations regarding your expenses and debts will determine eligibility.
Other requirements include:
- Completing an approved credit counseling course within six months before filing.
- Filing accurate and complete bankruptcy paperwork.
- Working with a court-appointed trustee who may review your assets and debts.
Meeting these requirements can be complicated without skilled legal representation. At J. Gannon Helstowski Law Firm, we ensure that your case is prepared correctly from the very beginning to avoid unnecessary delays or denials.
The Benefits of Filing Chapter 7 Bankruptcy
Filing Chapter 7 can:
- Stop creditor harassment and collection efforts immediately.
- Discharge most unsecured debts, giving you a true fresh start.
- Protect key assets through Texas and federal exemptions.
- Provide a faster path to financial relief compared to Chapter 13 (often within 3–6 months).
For many Texans, Chapter 7 bankruptcy is a critical step toward financial independence and peace of mind.
Why Work with J. Gannon Helstowski Law Firm
Bankruptcy law is complex, and mistakes can jeopardize your ability to obtain relief. With years of experience, our firm has helped countless clients throughout Texas regain control of their financial futures. We provide compassionate, personalized guidance every step of the way—ensuring your rights are protected and your best interests come first.
Take Control of Your Financial Future
If debt has become unmanageable, don’t wait until foreclosure, repossession, or lawsuits threaten your livelihood. Contact J. Gannon Helstowski Law Firm at 817-382-3125 to schedule a consultation. We’ll help you determine if Chapter 7 bankruptcy is right for you and guide you toward a new financial beginning.
