About Chapter 7 Bankruptcy in Dallas Fort Worth

Filing for Chapter 7 in Dallas Fort Worth?

Chapter 7 bankruptcy is a legal solution for debts that you cannot pay.  The federal government has protection for individuals who are in this critical financial situation:  Chapter 7.  Not all individuals are eligible for this form of bankruptcy, and in order to determine whether you meet the requirements for Chapter 7 and discharge of your debt.  This form of bankruptcy is also called "liquidation" as there could be certain assets that must be liquidated as part of the bankruptcy.   Many people do not actually own enough to require any liquidation, and there are certain criteria about what you can keep.  It is frequently more than you may expect.   If you are in over your head with credit card debt, medical bills and other urgent or overdue payments, it is time to take action and contact the Fears & Nachawati Law Firm.  This legal team is prepared to assist clients in resolving crushing debt problems under federal bankruptcy laws.

Dallas Fort Worth Chapter 7 Bankruptcy Lawyer

If you wait too long, you will lose your opportunity to try to save your home, your car or other personal property.  It is critical that you act quickly, as after a certain point, you can lose your opportunity to avoid total financial devastation.  The federal bankruptcy laws give individuals the ability to make a fresh start after getting sunk into overwhelming debt.  Most individuals who file for bankruptcy comment how much better life is without the constant stress and worry about creditors.   Stress and financial problems can destroy families - don't let it happen to you and your family.  Call today and speak to one of the bankruptcy lawyers and get the answers you need about your options.

A Chapter 7 bankruptcy is not available to everyone, and the requirements for eligibility changed in 2005 under new laws.  If you are not eligible for Chapter 7, you may be able to file Chapter 13 bankruptcy.  Each person who hopes to file for this form of bankruptcy, if above the median amount allowed, must take a "means test" which will determine your eligibility for discharge of debt through Chapter 7.   If the means test is not answered correctly, you could lose your opportunity to file Chapter 7, and it is strongly advised that you contact the Fears & Nachawati Law Firm to assist you in determining your best option to solve the financial crisis you are facing.