Considering Bankruptcy? Call a Round Rock Chapter 7 Bankruptcy Attorney Right Away
Declaring consumer bankruptcy is a serious financial decision that should be made with the help of a Round Rock Chapter 7 bankruptcy attorney. Under the rules found in chapter 7 of the Bankruptcy Code, debtors pursuing this debt-reduction option are required to totally liquidate a number of personal assets in order to satisfy and discharge debts. The less-invasive option, Chapter 13 bankruptcy, is also an option for some debtors and your Round Rock Chapter 7 bankruptcy attorney can help you better understand the differences between the two paths. As you consider your financial options moving forward, understand that there are many “debt recovery” companies out there trying to scam you out of your hard-earned monthly income. We encourage you to avoid working with any entity other than a reputable, experienced Round Rock Chapter 7 bankruptcy attorney like those found at Gallini Law, PLLC.
Round Rock Chapter 7 Bankruptcy Lawyer Examines the Details of Chapter 7 Proceedings
Chapter 7 bankruptcy proceedings begin when the debtor opts to file his or her initial bankruptcy petition. The court will assign a trustee to oversee the case and will order a meeting of the debtor’s creditors within a few weeks of the filing of the petition. Your Round Rock Chapter 7 bankruptcy lawyer will help you compile a list of your creditors, all of which must be notified in order for the proceeding to advance. Your Round Rock Chapter 7 bankruptcy attorney will also help you list your available assets, which will be submitted to the court for consideration in the liquidation of your estate.
Another key component of the bankruptcy process is the mandatory credit counseling sessions about which your bankruptcy lawyer will advise. These sessions must be completed in order to successfully conclude your bankruptcy case and may be of some help to you and your family as you begin your financial portfolio afresh.
Contact an Experienced Round Rock Chapter 7 Bankruptcy Attorney Today
Chapter 7 bankruptcy proceedings may seem daunting at first, but this process can offer debtors much-needed relief from the constant hassle of creditors and debt collection agencies. In order to advance your best case, we encourage you to contact a Round Rock Chapter 7 bankruptcy lawyer right away. To speak with a preeminent Round Rock Chapter 7 bankruptcy attorney familiar with federal bankruptcy laws and conveniently located in Round Rock, Texas, call Gallini Law, PLLC today at 512-238-8883.