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Law Office of Mark M. Childress Law Office of Mark M. Childress
Chapter 7 Bankruptcy

Arlington Chapter 7 Bankruptcy Attorney

Are You Considering Filing for Chapter 7 Bankruptcy in Arlington?

Chapter 7 is the most common form of bankruptcy. It is a great way to get a fresh start with a clean slate. The process is relatively quick and straightforward, and it allows you to discharge most, if not all, of your unsecured debt. At the Law Office Of Mark M. Childress, our Arlington Chapter 7 bankruptcy lawyer can guide you through every step of the process and ensure that your rights and interests are fully protected.

Call our firm today at (817) 497-8148 or contact us online to schedule an initial consultation with our Chapter 7 bankruptcy attorney in Arlington.

How to File for Chapter 7 Bankruptcy in Arlington, TX

Chapter 7 bankruptcy is the liquidation form of bankruptcy. The debtor’s assets are liquidated to pay off their creditors. However, the debtor may keep certain “exempt” property, such as their house or car.

Chapter 7 bankruptcy is a 4-step process:

  1. Complete a credit counseling course: Before you can file for bankruptcy, you must complete a credit counseling course. This course will help you determine whether bankruptcy is the right option for you. It will also help you understand how to create a budget and manage your debt.
  2. File a petition: To start the bankruptcy process, you must file a petition with the bankruptcy court. This petition will include your financial information, such as your income, expenses, assets, and debts. You must also include a schedule of your assets and liabilities, a schedule of your current income and expenditures, a statement of your financial affairs, and a list of all your creditors.
  3. Attend a meeting of creditors: About a month after you file your bankruptcy petition, you must attend a meeting of creditors. This meeting will be conducted by the bankruptcy trustee. The trustee will review your petition and ask you questions about your financial affairs. Creditors may also attend the meeting and ask you questions, but this is relatively rare. Most of the time, the meeting of creditors lasts less than 15 minutes.
  4. Complete a debtor education course: After you attend the meeting of creditors, you must complete a debtor education course. This course will help you understand how to manage your finances and credit after bankruptcy. You must complete this course to receive a discharge of your debts.

Is Filing for Chapter 7 Bankruptcy Right for Me?

Chapter 7 bankruptcy is not right for everyone. To qualify for Chapter 7, you must pass the “means test.” The means test compares your income to the median income in your state.

If your income is below the median, you automatically qualify for Chapter 7. If your income is above the median, you must complete the means test to determine whether you are eligible for Chapter 7.

The means test will calculate your disposable income. If your disposable income is below a certain threshold, you are eligible for Chapter 7. Otherwise, you must file for Chapter 13 bankruptcy.

You may want to consider filing for Chapter 7 bankruptcy if:

  • You have a lot of unsecured debt, such as credit card debt, medical bills, or personal loans
  • You do not have a lot of assets or equity in your assets
  • You do not have a lot of disposable income
  • You are being harassed by debt collectors

Chapter 7 bankruptcy is a powerful tool that can help you get a fresh start. However, it may not be the right option for you. Our Arlington Chapter 7 bankruptcy attorney can review your financial situation and help you determine whether Chapter 7 is right for you.

How Our Arlington Chapter 7 Bankruptcy Lawyer Can Help You

At the Law Office Of Mark M. Childress, we understand that you are going through a difficult time. Our Arlington Chapter 7 bankruptcy attorney will provide you with the compassionate counsel you deserve. We will work tirelessly to help you achieve your goals and secure a favorable outcome for your case.

When you choose our firm, we will:

  • Review your financial situation and help you determine whether you qualify for Chapter 7 bankruptcy
  • Explain the Chapter 7 bankruptcy process to you in detail
  • Help you complete the means test
  • Help you complete your bankruptcy petition
  • Help you complete the necessary credit counseling and debtor education courses
  • Represent you at your meeting of creditors
  • Help you obtain a discharge of your debts

Let's Get Started Today

Are you considering filing for Chapter 7 bankruptcy in Arlington, TX? If so, you need an experienced bankruptcy attorney on your side. At the Law Office Of Mark M. Childress, we are committed to providing every client with the exceptional legal services they deserve. Our Arlington Chapter 7 bankruptcy lawyer can help you navigate the bankruptcy process and ensure that your rights and interests are fully protected.

Contact us today at (817) 497-8148 to let us help you obtain a clean financial slate.

The Opinions That Matter Most

  • My questions were heard and answered without having to ask twice.

    “Value a capable team with experienced staff. For the past 9 months, the folks at the Law Offices of Mark Childress handled my case with class and empathy. My questions were heard and answered without having to ask twice. I felt like I was kept in the loop and always briefed properly. As I move forward with other ventures I wouldn't be surprised if we crossed paths again. And hats off to Konner, THANK YOU!”

  • Mark was there to answer every question, every phone call and did it in a way that I felt as if I were his only client.

    “I needed an attorney who would stand up for me and my child during a very hard time. Mark was there to answer every question, every phone call and did it in a way that I felt as if I were his only client. He was very knowledgeable not only about the law but about the opposing attorney and the judge. He prepared me well and we won our case. I would recommend Mark Childress to anyone who is fighting for custody or in need of child support.”

  • I highly recommend him and his staff. They are courteous, prompt and they care.

    “I called in inquiring about a divorce and how it all happens. I had 2 people call me back within an hour and in an hour maybe 2 I was talking with the lawyer. I highly recommend him and his staff. They are courteous, prompt and they care. Divorce is the hardest thing we will go through minus losing a kid and his team will be retained. He even called me back himself the next day to see how I was. Great service.”

  • This guy is amazing. In a matter of minutes, he accomplished what no other attorney could in 6 years.

    “This guy is amazing. In a matter of minutes, he accomplished what no other attorney could in 6 years. He had my case figured out in 1short conversation and had what he called "a convoluted mess" fixed. I'm pretty sure my ex felt like he'd been hit by a bus. My family is finally in tact and everyone is finally happy.”

Why Choose Us For Your Family Matters?
  • Direct Access To Your Attorney

    Our Attorneys personally handle each case themselves. You will have direct access to your attorney to be able to get the answers that you need. 

  • Transparency
    Honesty and transparency are critical in building trust with your attorney. You will always know what is going on with your case every step of the way.
  • Team Oriented

    At our firm you're not just a case number, our staff will always know the status of your case and help to make your situation more manageable.

  • Personalized Approach
    Our team understands that no two cases are the same. Your strategy will be tailored specifically to you and your family's goals.