Texas Bankruptcy Process

The first step in the process of filing for bankruptcy in Texas is deciding which chapter, 7 or 13, is right for you. For more information on chapter 7 vs chapter 13 and which is the best for you, read more here.

Once you have decided which is the best chapter to file under you can proceed with the process, gathering paperwork.

Gathering Paperwork

To begin the bankruptcy process you must provide certain information and documentation to our law firm so that we can draft your legal bankruptcy paperwork. Generally, we will need the following documentation:

  • the last two year’s tax returns
  • last six months bank statements for all bank accounts
  • proof of income for the last six months
  • a list of all major financial transactions for the last two years
  • a list of your current monthly living expenses
  • a list of all your debts, both secured and unsecured
  • a list of all your assets and possessions, not just real estate.

Once you have provided all the required information to our firm, the next step is the Means test.