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Posted on in Bankruptcy Options

Sometimes it's obvious which of the two consumer bankruptcy solutions is right for you. But not always. You might be surprised.

7 vs. 13

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Texas chapter 7 attorney, Texas chapter 13 lawyer, Texas bankruptcy attorney,There is a multitude of relief options for Americans who are struggling with debt, and in some situations, filing for bankruptcy is a smart decision. Many debtors find that either chapter 13 or chapter 7 bankruptcy can put them on the path toward financial stability. Before filing for chapter 7 bankruptcy, though, it is important to understand if you are eligible and what may happen to your assets.

The best source of information about your unique bankruptcy case is an experienced attorney. A bankruptcy lawyer can evaluate your debts to determine which bankruptcy chapter - if any - is ideal for your particular situation. In the meantime, here is some important information about state median incomes and asset liquidation as they relate to filing for bankruptcy:

State Medians and Your Income

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