A bankruptcy case is a serious matter. It should not be decided haphazardly without the proper consultation from a Dallas bankruptcy lawyer who is much knowledgeable with the pros and cons of declaring bankruptcy and its possible impact to the lives of people whether its prohibitions falls under Chapter 7, Chapter 11 or 13.
For most people who are facing great financial trouble, bankruptcy is considered to be the best last option, especially if the certain individual has no capability to settle their debts based on their assets and financial status. It is also the foremost solution in making a brand new start because it relieves the debtor from numerous debt obligations that were incurred before filing for bankruptcy. However, to make this attempt a success, the Dallas bankruptcy lawyer strongly advise people, who are considering this option, to choose carefully the bankruptcy lawyer that will handle their case. This is because bankruptcy itself is tricky, and not having the proper understanding to its rulings could result to an enduring constant damage.
Having trouble choosing the best bankruptcy lawyer that will address your concerns? The Dallas bankruptcy lawyer shares the following key points in choosing the bankruptcy lawyer that will work with you and your debt problems.
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.
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.