affordable bankruptcy Dallas

Read Chapter 7 Bankruptcy Exemptions

Call: 888-297-6203 People who are filing for bankruptcy do not make their decision lightly as it will affect them severely. They file because they are in an extreme financial crisis and want a new start but especially in chapter 7 bankruptcy case they fear losing all their assets to the court in return for their discharge of debts. This is the reason there is a bankruptcy law for exemptions that is properties that are necessary for a person to start fresh after the bankruptcy case is exempted. Assets like a car, home, furniture, etc are exempt properties. Chapter [...]

2025-08-06T07:20:53+00:00
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Why You Must Opt For Chapter 7 Compared To Chapter 13 When Filing For Bankruptcy

Call: 888-297-6203 If given an option, most people prefer to file for bankruptcy under chapter 7 as compared to chapter 13. This is because, chapter 7 helps discharge most unsecured debts like medical bills, credit card bills as well as personal loans. Benefits of filing for bankruptcy under chapter 7 Also known as the liquidation bankruptcy, not everyone can qualify under this chapter. In order to qualify, you must pass the Means test (which is determined by calculating your income, which must be lower than the state median income). Moreover, even if you do qualify, to get your [...]

2025-08-25T12:52:57+00:00
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What Is Cash Collateral In Bankruptcy?

Call: 888-297-6203 In business bankruptcy, cash collateral is a frequently used term. According to lawyers of Dallas based law firm, collateral is a property against which you get a loan. Thus, the lender has a lien on the property. Examples of collateral include house which secures the mortgage, car that secures the vehicle loan, and jewelry that secures loan received from the pawnbroker. In case of a secured loan, when you pay back the amount owed, the lender releases the lien on the property. However, if you default on it, the lender can take the property and sell [...]

2023-04-21T12:09:50+00:00
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Bankruptcy And Taxes

Call: 888-297-6203 In most cases, tax debt is still to be paid by the debtor even after they have filed for bankruptcy but there are some circumstances where it can get discharged. It is highly unlikely for a tax debt to be discharged when filing for chapter 13 as tax debt with other types of debts comes under the repayment plan but on the other hand when filing for chapter 7, debts like medical bills, credit card debt and sometimes federal tax debt is also discharged. Should I file for bankruptcy for tax debt? Some types of tax [...]

2023-05-30T13:14:26+00:00
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Can Lawsuit Judgments Be Cleared By A Bankruptcy Filing?

Call: 888-297-6203 People struggling with debts often take refuge by filing for bankruptcy. While bankruptcy offers a chance to get rid of many types of debts, some debts may not be discharged even after getting a bankruptcy discharge. Lawsuit judgment may or may not be discharged depending on certain factors. Non-payment of dues often results in creditors filing a breach of contract in the court. Most of the unsecured debts like credit cards, medical bills, or personal loans might get discharged in bankruptcy. However, not responding to a creditor’s lawsuit can result in a default judgment against you. [...]

2025-08-25T12:50:29+00:00
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Understanding Different Aspects Of Chapter 7 Bankruptcy

Call: 888-297-6203 If you are contemplating filing for bankruptcy, there are certain elements of chapter 7 that you should know about. Understanding these terms becomes helpful if you choose to file for bankruptcy. The bankruptcy trustee and their role After a Chapter 7 bankruptcy petition is filed, the bankruptcy court appoints an impartial case trustee to administer the case. Their role is to examine your assets and help in the liquidation of your non-exempt property. Your property is liquidated if it is free, does not have any liens attached to it, and is worth more than the security [...]

2025-08-25T12:52:08+00:00
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Is Medical Debt Dischargeable In A Bankruptcy Case?

Call: 888-297-6203 Medical debts are dischargeable when it comes to a bankruptcy case. In chapter 7 all of your medical and credit card debt is discharged and in chapter 13 most of your medical debts are discharged and the rest of the amount you will have to repay is the plan made. Filing for chapter 7 bankruptcy for medical debt. When it comes to chapter 7 all medical debts are dischargeable and it has no limits, as there is no repayment plan set to repay some of the debts. But you will need to pass the chapter 7 [...]

2023-05-29T13:27:09+00:00
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Is Filing For Bankruptcy A Good Idea?

Call: 888-297-6203 People struggling with financial problems are often at their wit’s end and file for bankruptcy. While bankruptcy is an excellent way to get rid of your debts, it is important to weigh your options before filing for bankruptcy. There can be several situations when bankruptcy filing may not be of much help to you. Two of the most common bankruptcy chapters are chapter 7 (liquidation of assets) and chapter 13 (repaying debts through a 3-5 years repayment plan). Though both take different ways to reduce your financial burden, they affect your credit report and future lifestyle. [...]

2023-05-30T13:10:48+00:00
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Can You Get Rid Of Your Credit Card Dues If You File For Bankruptcy?

Call: 888-297-6203 Yes, in most cases, unsecured debts like credit card bills, medical bills, and personal loans are discharged when you file for bankruptcy under chapter 7. Not only are they discharged, but also, when you file for bankruptcy, you get an automatic stay, which prevents all creditors from making any collection attempts or harass you in any way. However, not all loans get discharged. Few loans like domestic support obligations and student loans must still be paid in full even after filing for bankruptcy. Processing all kinds of discharge takes about 2-6 months. Credit Card Management – [...]

2025-08-25T12:51:22+00:00
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All You Need To Know About Bankruptcy Courts In The United States

Call: 888-297-6203 When you file for bankruptcy, all matters will be passed through the bankruptcy court. Therefore it is important that you find out about your local bankruptcy court to make the process simplified. How to find your bankruptcy court? The best option is to consult your bankruptcy attorney to guide you to your local court. However, you can also check the bankruptcy court website, wherein they list all counties, districts, and states. So, you can look through the maps to identify your county and in turn your local bankruptcy court. To file for an appeal, you will [...]

2025-08-25T12:42:08+00:00
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We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.