After Chapter 7 Bankruptcy Filings in TX You Can Rebuild Credit

Chapter 7 bankruptcy filings in Texas can be confusing and stressful. There are many Texas bankruptcy exemptions and other processes that you may not know about without the help of a Dallas bankruptcy attorney.

One major concern of those with Chapter 7 bankruptcy filings in Texasis rebuilding their credit and taking advantage of any Texas bankruptcy exemptions. ADallas bankruptcy attorney can help you figure out if you qualify for any exemptions and show you how to work toward rebuilding your credit.

How do I rebuild my credit after Chapter 7 bankruptcy filings in Texas?

Many factors will affect your ability to rebuild credit after Chapter 7, including your previous credit score and the amount of debt you have accrued since your bankruptcy filings in Texas. Some things that will help improve your credit include:

opening a secured credit card account and making regular payments on time;
paying utility bills and rent on time for at least one year;
asking a friend or relative to co-sign a loan that you can pay back on time;
if you need a new car, look for a “bankruptcy friendly” dealer and do not buy a brand-new car;
avoiding payday loans and quick cash businesses; and
writing a letter to the credit reporting agencies with an explanation as to why you filed for Chapter 7.

By living within your means and making sure your payments to creditors are made on time, you can begin to rebuild your credit. It will take time to get back on your feet, but with the help of a Dallas bankruptcy attorney who is experienced with Chapter 7 bankruptcy filings in Texas and bankruptcy exemptions, you can begin to work toward a clean slate and a new financial future.

When going through Chapter 7 bankruptcy filings in Texas you may fear that you will lose everything. A Dallas bankruptcy attorney could help you look forTexas bankruptcy exemptions that could lessen the blow of filing for Chapter 7.

What are the Texas bankruptcy exemptions I can take advantage of?

A Dallas bankruptcy attorney can review your finances with you to see if you qualify for certain Texas bankruptcy exemptions, including:

Homestead Exemption – This is the most common exemption and applies to your residence. There are limitations of how much the claim on your home is worth.
Vehicle Exemption – Most people will not lose their car in Texas bankruptcy filings if its value in equity is less than the state’s requirement.
Other Exemptions – You will also be allowed to keep things that you require for your occupation such as a work vehicle or tools.

A Dallasbankruptcy attorney can help you apply for theseTexasbankruptcy exemptions if you qualify for them.

In addition to looking for exemptions, aDallasbankruptcy attorney can help you rebuild your credit after Chapter 7 bankruptcy filings inTexas. Rebuilding credit after Chapter 7 will take time but is possible. Bankruptcy filings inTexasdo not have to ruin your life. You can build good money habits by:

Tracking your expenses – Write down everything you spend money on so you can see where it goes and where you can cut back.
Make a budget – Be realistic about what your expenses are and how much you will be able to save.
Use a Financial Planner – You may be able to find a free financial planner or use the Internet to help plan your expenses, debts, budget and savings.

Filing Chapter 7 bankruptcy filings in Texas and looking forTexas bankruptcy exemptions is just the first step. Take charge of your financial life with the help of aDallas bankruptcy attorney.

Contacting a Dallas Bankruptcy Attorney

At Warren & Migliaccio, our goal is to protect you and your family so that you can take the necessary steps to proactively plan for your future. When financial circumstances outside of your control threaten your wellbeing, take control of your situation and contact our Dallas law firm. We’ll guide you through the legal process so you can make informed decisions and choose the best course of action. If a personalized, teamwork-driven approach sounds like what you need for your case, call 1-888-584-9614 today. We’re here to help.

Angela MyLife

15:02 07 Jun 17

We worked with Chris and other staff. Chris from the start really worked with us as we were unsure what to do next and what was the best option for us. Chris spent a great deal of time with me on the phone, over email as well as meeting with my husband and I in his office. It can be scary to have the unknowns as we did and he really helped. When dealing with things you just don't know about you have to find someone you can trust to lean on and let them handle it; you can't be an expert on everything. The staff were so helpful and there was never a question on what we needed to get them or needed to do during the process. We were prepared 100% for what was to come and even months after the staff was quick to follow up to make sure that we did not have any questions or have anyone contacting us. They even helped figure out the 'what next' and 'where to go from here' that comes up. I would recommend them to anyone finding themselves facing financial struggle and trying to decide what to do. They give a free consultation over the phone or in the office; worth the call to find out your options.

Emma Radcliff

21:41 02 Jul 16

I recommend Warren and Migliaccio to anyone who like myself, had no idea of what to do next. They were open and honest to me about my bankruptcy. They took time and explained the whole process to me beforehand. I was treated I'm sure, as their more prominent clients even though I'm a single senior with a limited income. They helped me maintain my dignity and I'm sure my sanity too.

Richard Parker

23:23 27 Jun 16

I worked with Chris Migliaccio to resolve a debt matter. He is a professional and knowledgeable attorney that was easy to work with. He has excellent negotiation skills. I highly recommend him.

Jodi Wiethorn

14:54 15 Oct 15

I would strongly recommend anyone needing a family law attorney use this office. The staff is so friendly, helpful, and knowledgeable. Gary Warren and Ryan Bauerle were the ones that helped me with a very rough child custody case and they were absolutely amazing. They are very nice guys but they will fight for you!!! I am truly happy that I used them for the case, I could not have asked for a better attorney! Ryan helped me and my husband so much and explained everything so well to us! I can't thank them enough for all they did for me and my family! So anyone please take my advice, if you need a family law attorney give Ryan a call!!!

Sandy Thomas

01:17 03 Feb 15

Everyone in this attorney's office was wonderful! We had one matter that we needed assistance with last year, but they were not able to assist us with it, however Christopher Migliaccio was kind enough to provide us with a list of attorneys who would be able to help. Over the last couple of weeks, we decided to update our wills and powers of attorney and it could not have been any easier to do. They made it so we only had to make one trip to their office to take care of everything. If we need anything else, I would be most happy to do business with them again!

Angela H.

2015-07-13 09:17:49

They work with the little man. Mrs. Doss is very kind and understanding. She gives her all. Mr. Chris loves helping others and does his job to ensure...

Maria R.

2014-06-12 09:05:00

I searched for a local attorney on Google to prepare some Estate Planning documents and I came across Warren and Migliaccio, LLP. I called the number...

Lauren A.

2014-07-28 14:15:41

Ryan Bauerle, and everyone at Warren & Migliaccio are top tier attorneys. Ryan is expedient, professional, courteous, and when the situation warrants, a...

Rebuild Credit After Chapter 7 Bankruptcy Filings in Texas

Locations

Follow Us

Pick a Topic and Empower Yourself