Texas Bankruptcy Attorneys
Bankruptcy laws were formed by our Founding Fathers and play a vital role in the protection of debtors in our society. Few people know that four former U.S. Presidents have used bankruptcy in order to get their lives back on track. As a Dallas bankruptcy lawyer, I get to see how filing for bankruptcy gives the debtor a fresh financial start in life.
Most if not all of the clients that walk through my door never intended to be behind on their bills or not have the financial means to meet their monthly debt burden. The truth is that often times bad things happen to good people and when these situations arise it is good to know that you have options.
The most common reasons that people often find themselves behind on their bills is due to high interest rates on credit cards, unforeseen medical bills, a loss of a job, a reduction in the amount of income brought into a household, disability to the extent that the person can’t work anymore, divorce, or a combination of all of the above. No matter what the reason might be, you have rights and one of those rights is the ability to seek shelter from creditors by filing for bankruptcy in Texas court.
Filing for bankruptcy is not the best solution for everyone. However it has helped countless families, businesses, and individuals by ridding them of the debts they can no longer afford. If creditors are calling you at all hours of the day, if you are facing a lawsuit or have been threatened with a lawsuit, or if you just can’t see any end to the mounting debt that you have bankruptcy might be a viable option to consider.
The first step in filing for bankruptcy would be the hiring of a Dallas bankruptcy attorney. Our office offers a free initial consultation in order to review your case and give you feedback on whether bankruptcy is something that would be beneficial to you. This is a very important first step, one in which you will have a plethora of questions. Please take this time to get to know our firm and how we operate. Because facing bankruptcy can be a very stressful time in your life we encourage our clients to ask as many questions as possible in order to feel more comfortable with the process.
Our Dallas Law Firm
Our Dallas Law Firm practices only bankruptcy law. If you’re looking for an attorney that can help you through your difficult financial time, get to know us better by scheduling a free case evaluation at our Dallas Law Office.
341 Meetings
Your 341 meeting takes place usually within two months of your petition being filed with the Court. It is referred to as the meeting of the creditors because your creditors will be given notice of the time, date, and place of the meeting. They will be allowed to attend and ask you any pertinent questions about your debts, income, and financial situation. You will be sworn in, and all answers given will be under oath. Many times people have dealt with overzealous and harassing creditors for the past several years and want no part of dealing with them or answering any of their questions. I completely understand this reluctance and can offer you the greatest of assurances that the 341 meeting is a process of the court system and any harassing attitudes will not be tolerated by the bankruptcy trustee, the Bankruptcy Court, or your Dallas bankruptcy lawyer. If at any point a creditor gets out of line, your bankruptcy lawyer will be right there to step in and stop their poor actions against you.
The summary and finally of your bankruptcy case is a court hearing in front of your Bankruptcy Judge. It is at this point that the Judge will order the allowable dischargeable debts legally uncollectable or discharged. Once the Judge issues this order, your debt becomes legally uncollectable and any attempt made by a creditor to collect on it might be in violation of your rights under The Fair Debt Collection Act. You need to report any action taken by your now former creditors to your INSERT CITY HERE**** bankruptcy attorney right away. You may have a legal claim and need to take legal actions against them, if you so choice.
It is important to understand that by filing for a Texas Chapter 7 bankruptcy, all of your debts might not be discharged. There are certain debts that will survive a bankruptcy and still need to be paid once your bankruptcy is discharged. Normally student loans, most tax debts, child support, and alimony debts will not be discharged in a Chapter 7 bankruptcy and you will still owe those obligations when your bankruptcy is completed. If you have any questions as to what debts will remain on your credit and what will be discharged, ask your Dallas bankruptcy attorney prior to filing for bankruptcy. It is important to understand what you will get out of filing bankruptcy before you make that decision to file.
Secured Vs. Unsecured Debt
As a Dallas bankruptcy lawyer, one of the first questions that is often asked of me is do I have to give up my home and mortgage if I file for a Chapter 7 bankruptcy. That is a great and very important question.
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