Texas Bankruptcy Blog : Texas Bankruptcy Lawyer & Attorney : Fears Nachawati law Firm : Chapter 7, Chapter 13, Consumer Bankrutpcy : Dallas, Fort Worth, Austin, Houston, San Antonio

If you are on a fixed income and are contemplating bankruptcy, the best option may be a Chapter 7 bankruptcy. It will allow to you to discharge your bad debts and you do not need to have a minimum salary to qualify as opposed to a Chapter 13 filing.  And once your debts are discharged in a Chapter 7 filing, you are no longer obligated to pay any of the creditors listed in your bankruptcy.

Many people hesitate to hire a bankruptcy attorney is because they think that it will be very expensive. In actuality, the fees involved are not high and can save you thousands in the long run.

Many attorneys are very flexible in helping you get started in your bankruptcy. The cost of attorney fees varies widely depending on the issue surrounding your personal bankruptcy case. Some individuals have a basic Chapter 7 case while others have a complex Chapter 13 case that includes a home loan and IRS debts.

What needs to be considered carefully is that when you have a skilled, experienced bankruptcy attorney representing you in your bankruptcy you can save money on issues such as:

·         Discharge of debts

·         Exemptions for second mortgages

·         Assistance in stopping creditors take collection action against your assets

Additionally, it is crucial that the bankruptcy forms are filled out appropriately so that the bankruptcy trustee will not object to your proposed payment plan or debts to be discharged in your petition.

For more information on how to get started with your bankruptcy petition and for a free bankruptcy consultation contact law firm, Fears | Nachawati, by calling toll free 1.866.705.7584 or by e-mailing info@fnlawfirm.com. 

For updated information on filing fees visit http://www.txnb.uscourts.gov/Clerks-Office/Filing-Fees.