{"id":703,"date":"2019-04-18T09:39:34","date_gmt":"2019-04-18T09:39:34","guid":{"rendered":"https:\/\/recoverylawgroup.com\/?page_id=703"},"modified":"2025-08-12T10:23:07","modified_gmt":"2025-08-12T10:23:07","slug":"bankruptcy-attorney-in-dallas","status":"publish","type":"page","link":"https:\/\/recoverylawgroup.com\/staging_D\/bankruptcy-attorney-in-dallas\/","title":{"rendered":"Bankruptcy Attorney in Dallas"},"content":{"rendered":"

Finding Debt Relief in Dallas Is Now Simpler With Recovery Law Group<\/strong><\/h2>\n

Call: 888-297-6203<\/a><\/strong><\/p>\n

At Wajda & Associates, we offer our clients proven debt relief solutions that are built by leveraging the state\u2019s legal machinery that includes Chapter 7 and Chapter 13 bankruptcy protection under the bankruptcy court code and consumer laws. Our team of legal bankruptcy paralegals and attorneys gives the right personal attention that clients deserve to confidently rewrite their financial future.<\/p>\n

In case anyone whom you know is searching for relief from debt, visit recoverylawgroup.com. Here, anyone can take their first step toward a debt-free life by requesting a free bankruptcy consultation by calling 888-297-6203 or completing our simple contact form at bankruptcy.recoverylawgroup.com.<\/p>\n

Recovery Law Group can help you to overcome your current financial situation with the financial relief and help that you need to get a fresh start in life. You can apply for Chapter 7 Bankruptcy, Chapter 13 Bankruptcy and other options to steer through your current financial situation to put an end to harassing phone calls from debt collectors and collection agencies. Let\u2019s have a look at the options available to you because it\u2019s not the end of the world for good people stuck in a bad situation; no matter how hard the financial situation is that you are facing. We will ensure that you get the support and outcomes in your best interest to move ahead in life.<\/p>\n

What does Chapter 7 Bankruptcy mean?<\/strong>
\nAlso known as \u201cliquidation bankruptcy,\u201d or \u201cstraight bankruptcy,\u201d Chapter 7 Bankruptcy is used when you do not have enough income to repay the debt. It is the fastest and most common type of consumer bankruptcy and forgives most unsecured debts such as credit card debt, personal loans and medical bills. It typically excludes obligations like child support, tax debt and student loans. When you file a Chapter 7 bankruptcy, some of your creditors may be temporarily stopped by the court from most collection actions against you, which includes wage garnishment, foreclosure, repossession and utility shut-offs.<\/p>\n

The court will appoint a trustee to oversee your case, sell your assets and distribute the money to your creditors who file proper claims. However, the trustee won\u2019t take all of your property; you will be allowed to keep the certain exempt property to get a fresh start. However, to qualify for Chapter 7 Bankruptcy, you need to take a Means Test that will be conducted to determine your eligibility and income to file for Chapter 7 Bankruptcy. The test compares your income with the median income for your state. A bankruptcy lawyer in Dallas, Texas can help you take the Means Test and walk easily through the complicated Chapter 7 Bankruptcy process.<\/p>\n

You may be able to get the financial reset that you need. However, if you want to hold onto the properties such as a home or cars, you may want to consider Chapter 13 Bankruptcy.<\/p>\n

What is Chapter 13 Bankruptcy all about?<\/strong>
\nThis reorganization bankruptcy is used to manage debts over a three to five years repayment period. Many debtors choose to file Chapter 13 Bankruptcy as it offers many benefits not available in Chapter 7, such as the ability to catch on the missed mortgage payments. If you have enough income to repay most of your debts, Chapter 13 Bankruptcy can help you with a structure to do that. You will be allowed to keep all of your property; however, you will have to pay your creditors an amount equal to the value of your nonexempt property.<\/p>\n

Following individuals qualify to apply for Chapter 13 Bankruptcy:<\/strong><\/p>\n