Filing for BANKRUPTCY in Dallas, TX
- Dig a little deeper
- Get the facts for yourself
SHOULD I FILE BANKRUPTCY WITH A DALLAS, TX LAWYER?
Many people view bankruptcy as a last resort. The opposite can often be true. A Dallas, TX bankruptcy lawyer can help you relieve financial stress, rebuild your life and improve your finances.
CHAPTER 7
Chapter 7 gives debtors a “fresh start”, by releasing most or all of their debts. Chapter 7 discharges are only available to individuals, and not partnerships or corporations.
CHAPTER 13
Chapter 13 is available to individuals who have regular income from any source. It does not apply to wages. Chapter 13 helps debtors to reorganize their finances through payments to creditors under a Chapter 13 plan.
CHAPTER 11
Chapter 11 is a complex process that businesses often use to restructure debts. There are many options for the process. There are, for example, traditional chapter 11 cases.
EXEMPTIONS
Each debtor must list any property that they want to keep in bankruptcy schedules. The bankruptcy trustee can compel a debtor to turn over an asset that is not listed (even if it might be exempt), if the debtor does not list the asset, creditors may sue.
DICTIONARY
As with many legal procedures, bankruptcy also has its own terminology. We have created a glossary of terms commonly used by bankruptcy professionals to help you understand the process.
SHOULD I FILE BANKRUPTCY WITH A DALLAS, TX LAWYER?
Many people view bankruptcy as a last resort. Ironically, more often than not, the reverse is true. Filing bankruptcy can relieve your financial stress, give you the chance to rebuild your life and improve your finances, as well as strengthen your family.
CHAPTER 7
Chapter 7 gives debtors a “fresh start”, by releasing most or all of their debts. Chapter 7 discharges are only available to individuals, and not partnerships or corporations.
CHAPTER 13
Chapter 13 is available to individuals who have regular income from any source. It does not apply to wages. Chapter 13 helps debtors to reorganize their finances through payments to creditors under a Chapter 13 plan.
CHAPTER 11
Chapter 11 is a complex process that businesses often use to restructure debts. There are many options for the process. There are, for example, traditional chapter 11 cases.
EXEMPTIONS
Each debtor must list any property that they want to keep in bankruptcy schedules. The bankruptcy trustee can compel a debtor to turn over an asset that is not listed (even if it might be exempt), if the debtor does not list the asset, creditors may sue.
DICTIONARY
As with many legal procedures, bankruptcy also has its own terminology. We have created a glossary of terms commonly used by bankruptcy professionals to help you understand the process.
TESTIMONIALS
We received our Chapter 13 confirmation in the mail and I wanted to give you and Christine a big thank you. I know you had to work hard on this mess to get it to this point and we do appreciate it. Hopefully we can see this thing through and be completely debt free except the mortgage of course in the next few years. We are looking forward to that day.
Bob, I do not have the words to describe what I’m feeling right now. I’m so overwhelmed with relief, knowing that I can put this nightmare behind me. THANK YOU so much for representing me and getting me through this. Please know that you have changed my life in a positive way, and for that, I thank GOD and I am so grateful!
I assume you have some idea of what it may feel like to finally put something behind you that dominated your life and nearly destroyed your marriage. I cannot thank you enough for your professionalism, expertise and MOST importantly the support you and Barbara provided during this process. We are so very grateful.
Get In Touch
DeMarco•Mitchell, PLLC
500 N Central Expy, Suite 500
Plano, Texas 75074
Office: (972) 991-5591