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Chapter 7 With Bankruptcy Attorney Howard Tagg In Smith County Texas
Financial hardships can happen to even the most prepared individuals. Regardless of where we are in life, what stage, what age, what town, what city, it can happen to anyone. There is always a way through.
Smith County Chapter 7 Bankruptcy Lawyer
Overwhelmed by debt in Smith County? Chapter 7 bankruptcy can stop creditor calls, halt foreclosures and repossessions, and wipe out qualifying unsecured debts. As a Tyler-based attorney who handles cases in the Eastern District of Texas – Tyler Division, Howard Tagg provides clear answers and hands-on representation from start to finish.
What Is Chapter 7 Bankruptcy?
Chapter 7, sometimes called “liquidation bankruptcy,” lets individuals surrender non-exempt assets for sale by a trustee, with proceeds going to creditors. Thanks to Texas exemptions, most clients keep their home, vehicle equity and personal belongings.
Am I Eligible?
- Means Test: Your income and expenses must qualify under the federal test.
- Residency: You must live in Smith County (or have lived here at least 180 days).
- Prior Filings: At least eight years since a prior Chapter 7 discharge (six years after Chapter 13).
Filing Process in Smith County
All filings take place in the United States Bankruptcy Court, Eastern District of Texas – Tyler Division:
- Credit Counseling: Complete an approved course within 180 days before filing.
- Gather Documents: Tax returns, pay stubs, bank statements, and lists of assets/debts.
- File Petition: Submit your petition, schedules and statement of financial affairs.
- Automatic Stay: Stops all collections, garnishments and foreclosures.
- 341 Meeting: Meet the trustee (usually within 30 days of filing).
- Discharge: Typically issued about 90 days after the 341 meeting.
Texas Exemptions to Keep Your Assets
Texas law lets you protect:
- Homestead (your primary residence)
- Vehicle equity
- Household goods and furnishings
- Retirement accounts and pensions
- Tools of your trade
Trustee’s Role
The Chapter 7 trustee oversees asset review, conducts the 341 meeting and, if needed, liquidates non-exempt property. Howard Tagg handles all trustee communications, ensuring questions are answered and deadlines met.
Rebuilding Credit
After discharge, you can rebuild your credit by:
- Opening a secured credit card
- Making on-time payments
- Keeping balances below 30% of your limit
Typical Timeline
Most Smith County Chapter 7 cases close within 4–6 months of filing. Complex situations or objections can add time.
Frequently Asked Questions
Will I lose my home? Normally no, if you use the homestead exemption.
Are retirement savings safe? Yes, most plans are fully protected.
Does bankruptcy appear on credit reports? Yes, but scores often improve within a year.
If you need debt relief in Smith County, working with a local bankruptcy attorney makes all the difference. Howard Tagg’s decades of experience in Eastern District courts means you get practical advice and dedicated support.
Ready to get relief? Call Howard Tagg at (903) 581-9961 or visit our office at 5620 Old Bullard Rd Ste 105, Tyler, TX 75703. Schedule a free consultation and take the first step toward a fresh start.
