The new bankruptcy law establishes stricter criteria for filing Ch. 7 bankruptcy cases. A debt can typically be discharged in a Ch. 7 case if it is unsecured, which means there is no property securing the debt.
Chapter 7 Bankruptcy
Filing for bankruptcy is an important decision, and The Law Office of Donald E. Hood, PLLC wants to make sure that the type of bankruptcy protection that you choose is the right one for you.
You are entitled to keep a generous amount of your belongings when filing Ch. 7 bankruptcy. Texas law provides for high personal exemptions--items that are protected from seizure by your creditors.
Bankruptcy Attorney Dallas
There are certain instances that occur in life that take us by surprise. Finances, for instance, have a way of blindsiding people leading to devastating effects for the rest of their lives. Such events may lead these individuals to file for bankruptcy due to reasons that are beyond their reach. Some people will check to find out whether a bankruptcy filing is required, and this is where I come in to ensure that they ease through these difficult times. Here at bankruptcy attorney Dallas, I offer all the relevant advice to my clients so that they understand their options.
Filing for bankruptcy is not an easy walk in the park as some bankruptcy attorneys make people understand. Bankruptcy filing is a vast field consisting of different types of situations. At bankruptcy attorney Dallas, I help my clients at every stage so that they can verify the form of bankruptcy that is precise for them. Since each type of bankruptcy affects the future differently, I provide my clients with relevant information to ensure that they make informed decisions. The information I provide to my clients relates to the consequences and benefits of each type of bankruptcy. For example, there is the Chapter 7 bankruptcy that permits the person to keep essential property. Then there is Chapter 13 bankruptcy that allows the person to hold on to all assets and repay with future income over a stipulated schedule.
At bankruptcy attorney Dallas, I reiterate the need for the client to be truthful and honest at the evaluation stage. This allows me to save time and also to come up with the best feedback and options based on the situation at hand. I care about my clients here at bankruptcy attorney Dallas; rest assured that I work round the clock for my clients.