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Texas Bankruptcy

Chapter 7

While creditors were able to pass legislation that creates additional requirements for a bankruptcy discharge, most people still qualify for Chapter 7 bankruptcy - complete relief of all of debts. The first test is whether or not you and/or your family are above the median income based on the last six(6) months of gross income. The median income for Texas residents is as follows:

Single Individual $33,418
Married Couple $48,849
Family of Three $51,678
Family of Four $59,369
Family of Five $66,269
Family of Six $73,169

If your family sized exceeds Six people, then add $6,900 for each additional member.

If your income or your household income is below these numbers, then you may qualify for Chapter 7 bankruptcy and the new Means Test does not apply.

Nevertheless, even if you or your household income is above the above income figures, you may still qualify for Chapter 7 bankruptcy if you pass the new Means Test.

Chapter 13 Bankruptcy

Chapter 13 allows individuals to protect their homes from foreclosure, cars from repossession, wages from garnishment and stops all collection and depending on your assets and income level it may allow you to pay only a percentage of what is owed to your unsecured creditors (i.e. credit cards). Basically, if you need help and protection, even the new law will provide effective debt relief.

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"Let Us Help You Find the Right Solution to Make Your Financial Freedom a Reality"

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 Requires the following notice:We are a Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code. This web site is not an offer to provide bankruptcy assistance services to any assisted person as defined under Section 527(a)(2) of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

San Antonio Bankruptcy Lawyer | Filing Bankruptcy Texas | Debt Settlement San Antonio | Texas Chapter 7 Bankruptcy Attorneys | San Antonio Tax Resolution
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			1-888-599-1LAW Se Habla Espanol
"Imagine your life without debt"




		Texas Bankruptcy Chapter 7 While creditors were able to pass legislation that creates additional requirements for a bankruptcy discharge, most people still qualify for Chapter 7 bankruptcy - complete relief of all of debts. The first test is whether or not you and/or your family are above the median income based on the last six(6) months of gross income. The median income for Texas residents is as follows: Single Individual $33,418 Married Couple $48,849 Family of Three $51,678 Family of Four $59,369 Family of Five $66,269 Family of Six $73,169 If your family sized exceeds Six people, then add $6,900 for each additional member. If your income or your household income is below these numbers, then you may qualify for Chapter 7 bankruptcy and the new Means Test does not apply. Nevertheless, even if you or your household income is above the above income figures, you may still qualify for Chapter 7 bankruptcy if you pass the new Means Test. Chapter 13 Bankruptcy Chapter 13 allows individuals to protect their homes from foreclosure, cars from repossession, wages from garnishment and stops all collection and depending on your assets and income level it may allow you to pay only a percentage of what is owed to your unsecured creditors (i.e. credit cards). Basically, if you need help and protection, even the new law will provide effective debt relief.
	Home Meet The Attorneys Office and Directions Online Scheduler Debt Settlement Texas Bankruptcy Tax Resolution Foreclosure Mediation


"Let Us Help You Find the Right Solution to Make Your Financial Freedom a Reality"

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 Requires the following notice:We are a Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code. This web site is not an offer to provide bankruptcy assistance services to any assisted person as defined under Section 527(a)(2) of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 San Antonio Bankruptcy Lawyer \| Filing Bankruptcy Texas \| Debt Settlement San Antonio \| Texas Chapter 7 Bankruptcy Attorneys \| San Antonio Tax Resolution Search Engine Optimization Copyright © 2007 Website Optimized by: Cherryoneweb.com