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Chapter 7 Bankruptcy Attorney in McKinney, Texas

If you’re overwhelmed by debt, Chapter 7 bankruptcy may provide the solution you need to get a fresh financial start. Chapter 7 bankruptcy is a fantastic option for those looking to relieve the heavy burden of debt. It’s a smart way to get you back on the right financial path, making sound monetary decisions for the future. For smart Chapter 7 bankruptcy services in Dallas, Texas, reach out to my firm, Peter A. Ryan Attorney at Law, today.

Chapter 7 bankruptcy discharges, or “forgives,” your unsecured debt. As the most common type of bankruptcy among individuals, Chapter 7 takes an average of four to six months to complete. The American Bankruptcy Institute reported that of the nearly 775,000 bankruptcies filed in 2019, 63% were Chapter 7, and 94.3% of those had their debts discharged.

Chapter 7 bankruptcy is a great resource for individuals, families, and businesses alike. You may benefit from its services if:

  • You’ve depleted your savings

  • You have little or no disposable income

  • You’re using loans to pay your bills

  • You’ve fallen behind on your mortgage or rent

  • Creditors are calling about late or missing payments

  • Your debts are more than one-half of your annual income

  • Paying off your debt would take more than five years, even with extreme measures

  • The financial stress is taking a toll on your health, relationships, and ability to sleep

Those who qualify are able to use Chapter 7 bankruptcy to eliminate their medical bills, credit cards, garnishments, judgments, and more, and get back to enjoying their families and lives in general.

Wondering if Chapter 7 is Right for You?

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If you're considering filing a bankruptcy case, you will need to take a Credit Counseling course such as this one.

If you have already filed, you will need to take a Financial Management course before you can receive your discharge, such as this one.

At Peter A. Ryan Attorney at Law, I help clients make tough decisions and use Chapter 7 bankruptcy as a tool for a better financial future. I proudly serve members of the Dallas, Texas, community, including McKinney and the rest of Collin County. I'm also able to help individuals in Denham Springs and Livingston, Louisiana. For a skilled consumer bankruptcy attorney, contact my office today to schedule a free consultation.