Biggs P.L.L.C.

Bankruptcy

A Fresh Start

 

Bankruptcy Overview

Biggs PLLC offers a wealth of experience to assist you when considering bankruptcy. We assist residents of Amarillo and the Texas panhandle area to consider all of the options available before filing their bankruptcy petition. Many people in Amarillo find that bankruptcy is the only way to achieve freedom from their most burdensome debts. To help you consider these options, this page contains basic information about bankruptcy and the bankruptcy process. If you are ready to contact us to request an initial consultation, click here.

 
 

Chapter 7 Bankruptcy

Most Amarillo area bankruptcy clients opt for Chapter 7 bankruptcy. Chapter 7 bankruptcy is the most common and most familiar form of bankruptcy for most people. A Chapter 7 bankruptcy is the classic “fresh start,” allowing the client to discharge most or all of their burdensome debts. In Chapter 7 it is also possible to re-affirm certain debts, such as your car loan, in order to maximize your ability to continue your life after bankruptcy.

Credit card debts, medical bills, and other consumer debts are the most commonly discharged in Chapter 7 bankruptcy. A typical Chapter 7 bankruptcy takes between 120 and 180 days. You could be debt free in as little as four months!

Your ability to file for Chapter 7 bankruptcy is governed by a complicated code which has been amended in recent years to limit those who may file. As your bankruptcy attorney Biggs PLLC will help you navigate the federal “means test” to determine whether you are eligible to file for a Chapter 7 fresh start. For those who do not qualify for Chapter 7 relief, we offer services related to Chapter 13 bankruptcy which has many of the same benefits.

Once you receive your Chapter 7 fresh start the bankruptcy filing will appear on your credit report for seven to ten years.  The reporting of the bankruptcy on your credit report can temporarily lower your credit score.  However, getting a Chapter 7 fresh start ultimately helps your credit score in the long run.


Chapter 13 Bankruptcy

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Transparent pricing

Biggs PLLC seeks to be the most transparent provider of bankruptcy services in the Amarillo area. In the same way that we want you to know up front what the pros and cons of bankruptcy are, we are also upfront about our pricing. Click the link below to see the cost for a typical bankruptcy case.