Chapter 7 bankruptcy rules in Texas

Texas is the one state that does all the things differently from the rest of the country but in the case of bankruptcy, it is an exception. Bankruptcy laws are same nationwide. This is the reason why debtors will not experience any difference. The area of jurisdiction does not really affect the entire procedure. In all the states, once you file for chapter 7 bankruptcy, bankruptcy court will stop all the collection procedures from your creditors. And once the case proceeds, chapter 7 will help you to discharge all the debts. Your medical bills and credit card debt will also be discharged by chapter 7. Elimination of debts remains unaffected by the state. The single slight difference in laws applied in Texas is in exemption laws. Texas has the most liberal exemption laws. And only in rare cases debtors do not use their protections.

Debtors can protect an unlimited amount of property in their home. Now, according to new bankruptcy laws, the debtors must have lived in the state for at least 3 years 4 months, before claiming such protection which is more than $146, 450. If you have changed your home in the same state then you are eligible for this protection. Texas’s exemption laws will be applicable in your case only if you have been living in the state for more than 2 years. If you have recently moved from some other state to Texas then laws of your previous state will be applied. Moving from accommodation to vehicles, if you have a driving license then you can protect the equity of a car.

List of best Chapter 7 bankruptcy attorneys in Texas: -

·         The law offices of R. J. Atkinson: -

Phone No.: - 1-800-436-9056

Email: - info@rjbankruptcy.com

·         The law offices of Judith A. Swift, P.C. : -

Phone no.: - 1-214-696-6200

Address: - 10501 N Central Expy,
                    Suite 280
                    Dallas, TX 75231

·         The Kehl Law Firm, P.C. : -

Phone No.: - 1-254-633-2876

Address: - 3715 Bellmead Dr
Waco, TX 76705