chapter 7 bankruptcy Dallas

What Is Chapter 7 Debt Discharge?

Call: 888-297-6203 In chapters 7, 11, 12, and chapters 13 of the US bankruptcy code, some or all of your debts are discharged, that is you will not be liable to pay it back and the creditors you owe like the credit card company or hospitals will not be able to take collection actions against you. You are no longer liable for the debt as it is permanently discharged by the bankruptcy court. How does the court discharge your debt of not taking your money?  They give you debt relief in turn for your non-exempt properties. Chapter 7 [...]

2025-08-11T05:00:28+00:00
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Exempt And Non-Exempt Properties In Chapter 7 Bankruptcy Case

Call: 888-297-6203 People file for bankruptcy for getting protection against their creditors. And the federal law has made a bankruptcy code and Bankruptcy court to handle all the cases. When you apply for bankruptcy it is known that some of your assets will go under Bankruptcy estate that will be handled by a bankruptcy trustee appointed to your case. He or she will sell the bankruptcy estate and distribute the money from it to your creditors to settle your debts, the rest unpaid debts will be discharged thereafter. In chapter 7 liquidation Bankruptcy case all of your property [...]

2025-08-25T12:54:33+00:00
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When Is A Bankruptcy Case Over?

Call: 888-297-6203 Bankruptcy is used to get rid of your debts. However, lawyers of Dallas based law firm say, bankruptcy does not end when you get your discharge. The case is not officially over till the court enters a final order for the same. Until the case is officially closed, you need to cooperate with the bankruptcy trustee to resolve the issues. What is the difference between entering the discharge and closing of the bankruptcy case? When a discharge is entered in the bankruptcy case, your personal liabilities for the debts included in your bankruptcy case are wiped [...]

2025-08-25T11:31:00+00:00
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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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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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Personal Bankruptcy

Call: 888-297-6203 Let us know how declaring bankruptcy might solve your problems. Personal bankruptcy aims at providing individuals with a fresh financial start. Collection Activity is stopped by Personal Bankruptcy Once a Bankruptcy is filed, an automatic stay is an order that is issued by the court. This order prohibits creditors from contacting you, it can stop your house from being sold at an auction, or an employer from deducting your wages and so far. It will also stop all lawsuits at the moment. Even though it may be temporary, like in a situation where a lender asks [...]

2025-08-25T12:39:31+00:00
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What Happens When Military Members File For Bankruptcy?

Call: 888-297-6203 Members of the military involved in active duty, protecting the homeland, or sent overseas, have special protections accorded to them in case of monetary problems and bankruptcy. The Servicemembers’ Civil Relief Act (SCRA) is a federal law designed to protect the rights of the servicemembers in case of civil actions, including a bankruptcy filing. What is SCRA? The SCRA is an act that allows servicemembers to focus their energies on the defense of the country while it takes care of any administrative proceedings which may cause them to lose focus. This is done by temporarily suspending [...]

2025-08-25T11:29:22+00:00
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Differences Between Chapter 7 And Chapter 13 Bankruptcy

Call: 888-297-6203 While going through financial problems, people often look up to bankruptcy filing as a means to get rid of their debt. However, consumers can file under Chapter 7 or Chapter 13 bankruptcy. There are differences in how the debts are treated in these two chapters. Moreover, the qualification criteria also differ for these chapters. As a result, it is important to understand the differences between these two chapters. Benefits of Chapter 7 bankruptcy This bankruptcy chapter is complete in 3-6 months compared to chapter 13, which takes around 3-5 years. Most of the dischargeable debts, including [...]

2025-08-25T12:32:35+00:00
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Chapter 7 Bankruptcy Filing Process

Call: 888-297-6203 The complete process of filing for chapter 7 bankruptcy takes about 3 to 4 months. Before going forward, the first thing you need to do is determine whether chapter 7 is the right option for you. 1) Evaluate your debt You need to see the kind of debts you have. You need to see if your debts are dischargeable or non-dischargeable. In the case of non-dischargeable debts, chapter 7 is not the best option. 2) Probability of a property loss When applying in Chapter 7, there is a potential to lose property too. The trustee, to [...]

2025-08-25T12:36:45+00:00
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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. [...]

2025-08-25T12:38:18+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.