Infographic: The Timeline of Chapter 7 Bankruptcy

Bankruptcy is a financial nightmare that plagues many home and business owners across Texas and the United States. The state of the economy has made it hard for people to afford the things they were once able to afford, including mortgage payments, credit card bills, and medical expenses.

Chapter 7 bankruptcy is an option for people who are overwhelmed with their personal debt. This option is typically considered the “fresh start” approach in declaring bankruptcy because it gives debtors the ability to start over with no debt. However, as the infographic below details, this process is a long and complicated one. If you are considering filing for bankruptcy, you should contact a professional and experienced Arlington bankruptcy attorney to help you navigate through the necessary paperwork and proceedings.

The Law Offices of David Kohm have successfully helped hundreds of Dallas-area residents through their bankruptcy proceedings. Should you feel that your debt is spiraling out of control, give their Arlington law offices a call for a free consultation and review of your situation: 817-861-8400.

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