Legal Question in Bankruptcy in Texas

Re: bankruptcy

A Chapter 7 Bankruptcy is a process by which you can cancel or "discharge" many of your debts, usually credit cards and medical bills, without further repayment. In exchange, you might have to surrender some of your property. The filing fees are $200, and attorney's fees range from $350-$1500 generally, and you cannot file for Chapter 7 Bankruptcy again for six (6) years from the date of your filing.

Bankruptcy will affect your credit rating in that most credit reporting agencies will carry your case number, when and where it was filed, and the result (discharge, dismissal) for up to ten years for most types of debts. There are many opinions as to how long it really matters that you filed before you can get credit again.

If you are in the Fort Worth/Dallas area and would like some help, please contact me.