bankruptcy attorney Dallas

Understanding The Basics Of Chapter 13 Bankruptcy

Call: 888-297-6203 Filing for bankruptcy under Chapter 13 puts an automatic stay in place that prevents creditor actions, including wage garnishments, foreclosure, and repossession. Apart from this, the other benefits of this chapter include lowering payment for unsecured non-priority debts (credit card balance, medical bills, personal loans, etc.), catching up on past due payments, etc. While Chapter 7 can get you a discharge earlier and without paying anything to the creditors, qualifying for this chapter is easier said than done. If you fail the Means test, Chapter 13 is the best way to get rid of your debts. [...]

2023-05-29T12:27:31+00:00
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Virginia Chapter 7 Bankruptcy

Call: 888-297-6203 A Virginia Chapter 7 Bankruptcy has a lot of moving parties. Knowing the different players and the common terminologies used can help in the process. 1) The Debtor The individual who files the petition in a Virginia Chapter 7 Bankruptcy is known as the Debtor. He is the person who seeks discharge of the debts owed to other individuals. A Debtor can be an individual or a business. A joint debtor, that is a Husband and Wife can also file together. 2) The Trustee In a Virginia Chapter 7 Bankruptcy, the person charged with the collection [...]

2023-03-30T10:11:58+00:00
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When Bankruptcy Is Filed, What Happens To Your Car?

Call: 888-297-6203 Before you file for bankruptcy, you need to find out if you will, or will not get to keep your car. This decision is dependent on several factors. 1) Is it possible that a Bankruptcy Trustee can sell my car? Yes, it is quite possible. When a chapter 7 Bankruptcy is filed, you are assigned a Bankruptcy Trustee, whose work is to see what all assets you hold, and how can he arrange them to make sure your creditors are paid. It may also include selling your car. 2) You can protect certain Assets (also your [...]

2023-03-30T10:16:41+00:00
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What Are Chapter 7 And Chapter 13? What Is The Difference?

Call: 888-297-6203 In this article, you will know what kinds of debts can be discharged under each and who is eligible for chapter 7 and who is eligible for chapter 13. Chapter 7? Chapter 7 bankruptcy is also called “ straight bankruptcy”. Here all your dischargeable debts are discharged, you just have to keep a list of debts you owe to each company and the list of your assets. There are assets called exempt property which include home, car, and anything essential to start a new life but here also there is a limit to the value of [...]

2022-04-05T07:34:11+00:00
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Want To Go For Joint Bankruptcy Filing – Know These Facts!

Call: 888-297-6203 Before you plan to go for Joint Bankruptcy, know certain facts with their pros and cons so that it will help you decide whether it is a good option for you or not. 1) Want to know how Joint Bankruptcy works? As the name suggests, in a Joint Bankruptcy Filing, you and your spouse together have to file only one set of documents. These documents that you submit to the Bankruptcy Court should contain all the information and details about both your spouse and yourself, relating to Income, Expenses, Debt, and Assets. Filing for a Joint [...]

2022-04-05T05:04:25+00:00
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What All Documents You Will Need To File For Bankruptcy?

Call: 888-297-6203 Planning for consulting a bankruptcy attorney? First, gather and organize 10 documents that you will need. Income Proofs– Assemble income data, like, pay stubs from the last 2 months, your yearly social security aide grant letter, as well as profit and loss statement from any organizations you own or potentially work with. The court should know how much cash you are making and whether you are documenting the right chapter of bankruptcy. Bank statement- Collect bank statements from all the bank accounts under your name for the last 3 months as well if you have closed any [...]

2023-04-19T11:30:14+00:00
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What To Expect In A Creditor Lawsuits?

Call: 888-297-6203 When a creditor or collection agency sues you for non-payment of debts, you are served with a complaint and must respond to it. Once you respond to the suit, the process starts with discovery, settlement conferences, motions for summary judgment, and a trial. Creditor lawsuits can be divided into routine and non-routine cases. In the former case, you receive a notice for a trial and date from the plaintiff. Sometimes, you might be sent a notice of settlement conference before the trial date. Ensure that you attend the settlement conference or trial. in a non-routine debt [...]

2023-04-19T10:21:27+00:00
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An Overview of Chapter 13 Bankruptcy

Call: 888-297-6203 If you are looking for a way to get rid of your financial debts, you can opt to file for bankruptcy. Chapter 7 bankruptcy allows you to wipe out all your qualifying dates in 4 to 6 months without repaying your creditors. However, this chapter is available to people with very little disposable income. People who earn a significant income and wish to protect their valuable property can file for bankruptcy under chapter 13. In this case, their disposable income is used to pay their creditors throughout a 3- to 5-year repayment plan. Chapter 13 bankruptcy [...]

2023-04-14T08:46:49+00:00
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All You Need To Know About Bankruptcy Exemptions

Call: 888-297-6203 When you file for bankruptcy, the prima facie focus is on the exemptions that you can get under Chapter 7 and Chapter 13. Hence, these play a very significant role in both Chapters. Chapter 7 – Under this Chapter, based on the exemption applicable, you get to keep or surrender your assets and property. Chapter 13 – However, under this Chapter, based on the exemption you get, you are liable to pay your unsecured debts to the creditors. If you are looking to benefit from the exemptions and get a better chance at it, it is [...]

2023-04-14T08:51:55+00:00
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Bankruptcy Filing In 2022

Call: 888-297-6203 The past two years have wreaked havoc on several lives, and it is no wonder that several people struggling with their finances consider filing for bankruptcy. However, before you contemplate that, you need to know the basics regarding the process. The federal law established the bankruptcy system to help people struggling with debts get a fresh financial start. Different states provide different bankruptcy exemptions which allow you to protect some equity in your home, car, retirement account, household furnishings, etc. However, luxury properties like boats, artwork, jewelry, rental property, stocks, and bonds are usually not exempted. [...]

2023-04-14T08:42:11+00:00
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We help people file bankruptcy petitions to obtain relief under the bankruptcy code.