Chapter 7 Bankruptcy

A Fresh Financial Start Through Liquidation

Chapter 7 bankruptcy offers individuals and businesses overwhelmed by debt a fresh financial start. At the Law Office of Jeremy T. Wood, PLLC, we guide you through this process with expertise and compassion.

The Chapter 7 Process

1. Credit Counseling: Complete required pre-filing counseling
2. Filing: We prepare and submit all necessary documents
3. Automatic Stay: Collection actions stop immediately
4. Trustee Appointment: Reviews your case and assets
5. 341 Meeting: Brief meeting with the trustee (we attend with you)
6. Discharge: Most unsecured debts eliminated in 3-4 months

Debts That Can Be Discharged

• Credit card balances
• Medical bills
• Personal loans
• Old utility bills
• Most civil judgments
• Payday loans
• Older income tax debt (meeting certain conditions)
• Business debts

Debts That Cannot Be Discharged

• Recent income taxes (less than 3 years old)
• Child support and alimony
• Student loans (except in rare hardship cases)
• Court-ordered restitution

Chapter 7 Eligibility

Qualification depends primarily on the means test, which compares your income to the Texas median for your household size. We’ll determine your eligibility during your consultation.

Benefits of Chapter 7

• Quick relief: Completed in 3-6 months
• No repayment plan: Unlike Chapter 13
• Fresh start: Most unsecured debts eliminated
• Keep future income: All post-filing earnings are yours
• Protected assets: Texas exemptions shield essential property

Our Chapter 7 Service

Begin Your Fresh Financial Start Today

Contact the Law Office of Jeremy T. Wood, PLLC at 713.366.1288 to schedule your free consultation and learn how Chapter 7 bankruptcy can help you achieve financial freedom.