The answer to this question depends on your specific circumstances. Generally speaking, Chapter 7 bankruptcy is better for people who have a lot of unsecured debts, like credit card debt and medical bills. If you don’t have much property, your income is low, and most of your debts are unsecured, you might want to consider Chapter 7 bankruptcy. Chapter 13 bankruptcy, on the other hand, tends to be a better option for those who have regular income and non-exempt property they’d like to keep. A local bankruptcy attorney can review your specific financial circumstances and advise you as to which type of bankruptcy protection might be best for you.
Texas bankruptcy laws offer some of the strongest debt relief and protection in the nation.Take action if you’re struggling under the heavy load of debt.
You may not be aware of all of your debt relief options. For individuals in Texas, two main ways to eliminate debt are Chapter 7 and Chapter 13 bankruptcy.
