Alva Wesley Thomas & Associates, P.C.

Chapter 7

Chapter 7 bankruptcy is sometimes called "straight bankruptcy" or "liquidation" bankruptcy. By definition, "liquidation" means that a debtor's assets will be sold and proceeds will be used to pay off creditors. In fact, however, most people who qualify for Chapter 7 do not have any assets to liquidate after exemptions are taken into account. Most Chapter 7 bankruptcy filers are able to keep their assets while freeing themselves of burdensome debt.

Discuss Your Case With a Knowledgeable, Compassionate, Caring Houston Chapter 7 Bankruptcy Attorney

Even if you do not believe that you can afford an attorney's fees to file bankruptcy, we urge you to consult with a caring, compassionate lawyer sooner rather than later if you are considering bankruptcy as an option. We offer free initial advice to potential bankruptcy filers such as:

  • Do not tap into your retirement accounts to get your hands on cash for short-term use. Retirement resources are important for your future, and they are protected in bankruptcy.
  • Do not make use of home equity loans to boost your available cash as debt becomes overwhelming. Doing this can prolong your financial problems and make bankruptcy more complicated than it needs to be.
  • Once you have decided to file bankruptcy, do not use your credit cards.
  • Do not attempt to pay off a loan to a family member before consulting with an attorney.
  • Do not attempt to hide debts from a bankruptcy court — or from a bankruptcy lawyer whom you consult with.

Each individual's financial and legal circumstances are unique. No one looking at this website or any other general information about bankruptcy should attempt to analyze his or her own qualifications or readiness for Chapter 7 bankruptcy without consulting an experienced lawyer. Bankruptcy is a powerful form of debt relief. It is also a complex area of the law.

Will I Lose My Car, My House or Other Possessions in a Chapter 7 Bankruptcy? Usually, No!

At Alva Wesley-Thomas & Associates, P.C., our years of experience allows us to provide efficient, effective legal counsel to people in need of a fresh start through bankruptcy. However, we do not take shortcuts. Let us evaluate your case and determine whether Chapter 7 bankruptcy is right for you. We can share with you how you may be able to keep your house and keep your car if it is in your best interests to hang onto those assets along with monthly payments for them.

Bankruptcy Law Firm Serving Houston and Surrounding Communities · Stafford and Missouri City, Texas · Credit Card Debt Relief Attorney Offers Free Consultations

One of the most attractive outcomes of Chapter 7 bankruptcy for many debtors is credit card debt relief. What about cash in the bank? Talk to an experienced bankruptcy law attorney at Alva Wesley-Thomas & Associates, P.C., for personalized answers to this and other questions you may have about Chapter 7 or Chapter 13 bankruptcy.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Contact Information

Alva Wesley-Thomas & Associates, P.C. 
6161 Savoy Drive 
HoustonTX 77036 
Phone: 713-278-0800 
Fax: 713-278-0490