When you face the life challenges that may result in bankruptcy, there are many things that you must consider to ensure that everything is done properly. We will help you to identify and pursue your best options to relieve undue anxieties as your case is being processed.
Although bankruptcy cases are presented with similar timelines and procedures, there is no uniform blueprint that addresses every client’s needs.
At Gambini Law, every case is unique and deserves a tailored approach.
CHAPTER 7
Under Chapter 7, also referred to as asset liquidation, non-exempt personal assets are liquidated to pay creditors a portion of what you owe. However, most assets (home equity, vehicles, furnishings, retirement funds) are exempt under Texas statutes, so most people will not lose any personal property.
