Chapter 7 and 13 Bankruptcy Attorneys in Dallas & Fort Worth
Bankruptcy is no longer taboo; rather, it’s a strategy that thousands of individuals and businesses implement to reorganize and rid themselves of insurmountable debt. Going about declaring bankruptcy in the best way possible, however, requires the employment of a skilled bankruptcy attorney. Leinart Law Firm provides legal advice for debt solutions, maximizing the options granted under personal and business bankruptcy laws. We are dedicated to our clients and their families as they seek financial peace.
How Our Attorneys Can Help You Through Bankruptcy
New acts that would impact personal and business bankruptcy are presented to be signed into law each year. Because Leinart Law Firm works exclusively with bankruptcy cases, we make it a priority to stay abreast of what’s going on in the legislative world. This enables us to provide our clients with the most current news, allows us to inform them of any changes that might impact their bankruptcy and helps us forecast what might be signed into law in the future. If you are looking for how to file for bankruptcy in Fort Worth, we can help you.
Our extensive experience allows us to provide expertise in the following areas:
- Bankruptcy Laws
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
- Business Bankruptcy
- Divorce and Bankruptcy
- Lawsuits and Judgments
Changes in Bankruptcy Laws and How They Impact You
When the laws changed in 2005, many people were led to believe two major fallacies. First, you could no longer wipe out all of your unsecured debt by filing Chapter 7 bankruptcy. And second, you would be required to repay all of your debts if you filed Chapter 13. Both of these ideas were and still are untrue.
Chapter 7 bankruptcy and its ability to extinguish all unsecured debt is still alive and well, and Chapter 13 requires you to repay on the unsecured debts that the court determines you can afford, and in our 15 years of bankruptcy law experience, more people now pay their creditors nothing more than before the changes in the law took place in 2005.
Is Bankruptcy Right for You?
Bankruptcy isn’t the only choice available for people who are seeking debt relief, but it is a powerful tool that can be utilized in a variety of circumstances. Consumer bankruptcy or personal bankruptcy usually involves filing Chapter 7 or Chapter 13, both of which are designed to grant you a fresh start. Business bankruptcy usually involves filing Chapter 11.
Seeking the counsel of an experienced bankruptcy attorney allows you to understand the options that may be available to you. Leinart Law Firm can answer your questions and guide you through the entire bankruptcy process.
When should I stop using my credit cards if I’m planning on filing for bankruptcy?
If you’re unable to work out a plan with your creditors and decide to file for bankruptcy instead, you should delay the bankruptcy if you have a lot of large recent charges on your cards. This is because these charges may not be discharged with the rest of your debt, since they occurred after bankruptcy was filed.
In order to avoid this, don’t charge more than $650 for non-essential items, also known as luxury items, 90 days prior to filing for bankruptcy, or a total of $925 70 days prior to filing. This will ensure that all of your debt will be discharged when you do decide it’s time to file.
The Leinart Law Firm Difference
At Leinart Law Firm, we believe that people who are experiencing financial challenges should have the option to find real solutions. We have worked in bankruptcy law for more than 15 years, and in that time we have filed thousands of bankruptcies. We know that each situation is different, but there is a good chance that we have worked a case that is similar to yours.
We propose a complimentary advice and evaluation for each prospective client because we believe your financial security matters. During the consultation and evaluation process, we listen as you describe your situation and we advise you of the options that are available. If you pursue bankruptcy, we prepare the bankruptcy petition, attend creditor meetings and work as your guide before, during and after the bankruptcy process.
Contact Us in Dallas, Fort Worth, or Plano
Contact Leinart Law Firm by calling 800-518-3328 to schedule a free consultation and evaluation, or complete our online bankruptcy evaluation form.