We are Ready to Answer ALL Your Questions About Chapter 7 Bankruptcy in Federal Bankruptcy Court

Filing chapter 7 bankruptcy with a federal bankruptcy court in Texas provides one of the fastest ways to get a fresh start and stop the  suffering and stress of your financial struggles including creditor calls, lawsuits, and bank garnishments.  It’s designed to eliminate your debt in just 4 to 6 months.

Christopher Migliaccio and the team at Warren & Migliaccio stop creditors from harassing you and help you move forward, and often Chapter 7 bankruptcy is one of the critical tools.

GET STARTED now and set up a free consultation so we can sit down and devise a specific plan to get your fresh financial start.

 

 

Benefits of Chapter 7 Bankruptcy

When you consult with Dallas law firms about filing for chapter 7 bankruptcy with a federal bankruptcy court in Texas, you’ll want to make sure the attorneys explain what debts are commonly wiped out, which may include:       

• credit cards
• most personal loans
• money owed resulting from repossessed cars deficiencies
• money owed resulting from foreclosed homes deficiencies
• pay day loans
• utility bills
• medical bills
• some taxes (consult with an experienced bankruptcy attorney to determine which taxes are eligible to be eliminated.)

We can Explain How Chapter 7 Bankruptcy Works

Chapter 7 bankruptcy may mean you have to sell non-exempt property. The proceeds are then dispersed among your creditors. Most Texans opting for this bankruptcy choice typically have few nonexempt items because of the state’s liberal exemption policies. This means you may not have to sell any of your property.

Chapter 7 allows you to give up all nonexempt property in return for a discharge on most of your debts. This means you’re no longer required to pay them. It’s important to remember that some debts, like student loans, can’t be discharged.

In order to be able to file chapter 7 bankruptcy and experience the requirements that come with it, including a chapter 7 bankruptcy reaffirmation agreement, you have to be able to pass a means test, which assesses your debts, income and assets. Our team can conduct a means test and advise you of your next best step.

 

 

Not all Dallas Law Firms Represent you in Federal Bankruptcy Court – We Can

When consulting with Dallas law firms to help you make crucial decisions throughout the course of your case—such as whether you can afford to pay your creditors through a chapter 7 bankruptcy reaffirmation agreement, which may prevent you from having to surrender certain assets—remember that not all firms have a lot of experience in this area of law. With this in mind, it’s crucial to work with attorneys who understand how each part of this legal process will impact you.

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 by contacting 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 (888) 584-9614today. We’re here to help.