At The Carlson Law Firm, our Texas bankruptcy attorneys are passionate about helping individuals and businesses find relief from debt, in order to move towards a brighter financial future. By analyzing your unique situation, our team can help you understand your available options and will advise you on what we can do to help.
Chapter 7 bankruptcy does not require a repayment plan to be established. Instead, the debtor is assigned a trustee who is in charge of gathering all non-exempt assets and selling them. The profits from this sale will then be evenly distributed to the various creditors. This process will be accomplished according to the United States Courts Bankruptcy Code.
It is understandably difficult to deal with the loss of a loved one while also bearing the burden of reviewing their assets and administering the estate. Consulting with the caring and experienced Texas Probate Attorneys at The Carlson Law Firm to discuss the handling of your family member’s estate can be a relief during your time of bereavement.