Types of Bankruptcy We Handle | Warren & Migliaccio

Though both Chapter 7 and Chapter 13 bankruptcy can help you get back on your feet financially, there are some key differences in the benefits each provides. A Dallas bankruptcy attorney will be glad to confer with you to decide which will be the best to alleviate your specific financial problems.

For example, Chapter 7 bankruptcy is designed for low-income earners. It aims to completely eliminate all unsecured debt, meaning debt that isn’t tied to property, such as credit cards, personal loans, utility bills and more. Chapter 7 wipes your debt clean by liquidating all assets and distributing this amount between your creditors.

Chapter 13, on the other hand, is for high-income earners, those that make more monthly than the state average. Chapter 13 bankruptcy seeks to create a repayment plan for the filer, giving them an average of 36 to 60 months to repay a portion of their debts to creditors. This type of bankruptcy can be used on secured debt, so in the event you have an outstanding mortgage or car loan, Chapter 13 can keep you from foreclosing on your home or having your car repossessed.

Whichever type of bankruptcy you choose to file, it is important to seek legal counsel before beginning the filing process. Learn more about filing for Chapter 7 and Chapter 13 first by reading our free eBook, What You Need to Know about Bankruptcy, and then by contacting a Dallas bankruptcy attorney at Warren & Migliaccio. Call 888-584-9614 today.

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!

Chapter 7 Bankruptcy vs. Chapter 13 Bankruptcy

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