chapter 7 bankruptcy Dallas

All You Need To Know About The Chapter 7 Bankruptcy Procedure

Call: 888-297-6203 Chapter 7 bankruptcy procedure is a commonly used bankruptcy chapter amongst the US residents. As per stats, over 70% of bankruptcy is applied through Chapter 7. Even though it is popular and used in the majority of the United States, it is not necessarily the best option available for you. To make a wise decision about whether Chapter 7 is appropriate for your situation, we list below everything you need to know about the Chapter 7 bankruptcy procedure- What kind of debts are discharged? Most of the debts that do not have a backing or a [...]

2025-08-25T13:08:44+00:00
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Bankruptcy And Business Arrangements

Call: 888-297-6203 The pandemic era has brought a lot of businesses under the weather. This has led to many small businesses moving towards bankruptcy. As per several research magazines, it was predicted that almost 33% of small businesses in the United States ended up halting their operations permanently or with an uncertain future. Loan forgiveness grants from the government probably protected the 66% of other small business units that were also on the brink of shutting down probably. Factors to consider while thinking of bankruptcy The factors associated with businesses are far more complex and intriguing. Expert guidance [...]

2025-08-25T12:26:22+00:00
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Is It Possible To File For Bankruptcy Twice?

Call: 888-297-6203 If there is a proper time between two filings, a person can file for bankruptcy twice. They also need to see if the first case was discharged. A normal waiting period of 2 years is applied but it gets longer depending on the type of bankruptcy you filed first and the one you are planning to file now. The waiting period to file for a second time is affected by factors such as the result of the first bankruptcy (whether it was discharged or dismissed), the type of bankruptcy that was filed the first time, the [...]

2025-07-28T10:56:22+00:00
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All You Need To Know About Filing Bankruptcy Via Chapter 13

Call: 888-297-6203 Chapter 13 way of filing for bankruptcy can be one of the smoothest ways of minimizing debt, safeguarding assets, and starting a new chapter in your life. This kind of bankruptcy filing is suitable for filers who have a strong and reliable job, are looking to grow in their employment, and can sustain with same or higher pay scale for the next 5-10 years. The basic logic behind Chapter 13 is to restructure your debts and dilute them with a better repayment plan to ensure debt payoff looks more reasonable and easier. This helps in avoiding [...]

2025-08-25T13:09:03+00:00
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The Bankruptcy Code Of The United States

Call: 888-297-6203 Filing for bankruptcy helps the filer by either getting a discharge from most of their debts or by helping them devise a repayment plan to catch up with all the arrears. Bankruptcy can be filed by an individual, a couple, a business, or any such entity. All bankruptcy-related cases are handled by the federal courts, which they abide by, by following the US bankruptcy codes. The different types of bankruptcy include – Chapter 7 and chapter 13 – Individuals can file for bankruptcy under this chapter Chapter 9 – Municipalities like city, towns, schools, taxing districts [...]

2023-06-27T05:55:18+00:00
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Let Us Know More About Bankruptcy Petition

Call: 888-297-6203 The first step when you file for bankruptcy is to complete the bankruptcy petition. The petition includes multiple forms that need details of all your debts, assets, incomes, and expenses. Once you file a petition the creditors are stopped from taking any more money from you. A petition can be filed for either Chapter 7 or chapter 13 bankruptcy. Chapter 13 will help you clear your debts where you can keep some of your assets, while chapter 7 will allow you to quickly clear your debts by selling your assets. It is advisable to talk to [...]

2023-06-05T12:59:19+00:00
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Understanding The Basics Of Debt Collection And Bankruptcy

Call: 888-297-6203 Personal bankruptcy can be filed under chapter 7 (liquidation) or chapter 13 (repayment plan). All your non-exempt property is liquidated in the former, and unsecured nonpriority debts like credit card debt, medical bills, personal loans, etc., are discharged. In chapter 13, the debts are reorganized and paid through a 3-5 years repayment plan. The secured, priority, and unsecured non-priority creditors are paid in that order. The bankruptcy filing puts an automatic stay in place, which prevents any type of collection action by creditors. Car loans and mortgages are secured debts. The creditors can repossess the property [...]

2025-08-25T11:46:13+00:00
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What All Is There In Your Bankruptcy Estate?

Call: 888-297-6203 Let us know what all is included in our estate when we file for bankruptcy. 1) What is your Estate? All of your property and the property rights that you allow the bankruptcy court to administer are your estates. However, if you exempt a certain property that is not added to the value of your estate and the bankruptcy trustee will not be able to touch it. Everything you own that needs to be reviewed is included. In addition to that, in chapter 13 during your entire case, any property and income that you acquire are [...]

2023-06-05T12:29:47+00:00
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Why Should One File For Chapter 13 Instead Of Chapter 7?

Call: 888-297-6203 Sometimes repaying debt over time in a planned way is more beneficial than selling off your Assets and repaying debt. This comparison will help you understand better. Chapter 13 is more beneficial if you are under the following circumstances: 1) You don't qualify for Chapter 7 You have to undergo and pass means test to qualify for Chapter 7. Not everyone can. If a Debtor's income is high and exceeds the state's median income, and they have disposable income to repay debt, they might not qualify. 2) Debt repayment is your primary goal In a chapter [...]

2025-08-25T12:29:42+00:00
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Everything You Wanted To Know About Bankruptcy Debt Discharge

Call: 888-297-6203 Before filing for bankruptcy, it is important to learn a few things about it. Individuals filing for bankruptcy get a discharge order which removes their personal liability for certain debts. Once a debt is discharged, the creditor cannot indulge in collection actions for the same. However, if the debt is secured by a lien, the creditor can recover the property secured by it. Unfortunately, not all debts are discharged in bankruptcy. The discharge timing depends on the chapter of bankruptcy. Usually, in the case of chapter 7, the discharge is granted around 3-6 months of petition [...]

2023-06-27T06:06:46+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.