September 15, 2022 By:
A Chapter 7 filing lets you permanently discharge certain financial obligations—if your petition is approved, you won’t ever have to pay those debts off. However, you can only discharge pre-petition obligations. Any debt that you incur after you file for bankruptcy protection will not be included in your bankruptcy estate. Accordingly, if you have post-petition utility bills, child support or other family law obligations, credit card debt (always a bad idea), insurance obligations or rent payments, you won’t be able to use the bankruptcy proceeding to prevent creditors from attempting to collect those debts.
If you have secured debt, such as a mortgage or auto loan, you can discharge the debt in Chapter 7, but the lien will remain in place. The lender may then seek to exercise rights under the lien, such as foreclosure or repossession.
At the Law Offices of Carrie Weir, all potential clients are entitled to a free initial consultation. To arrange an appointment, contact my office online or call 972-772-3083. I handle Texas personal bankruptcy filings in Kaufman County, Rockwall County, Collin County, Dallas County, Hunt County and the surrounding counties.