Filing for Chapter 7 Bankruptcy
Bankruptcy Lawyer Serving Dallas, Fort Worth, & the Mid Cities
If you are contemplating filing bankruptcy, we can answer all your questions,
- What type of bankruptcy is best for me to file?
- What is Chapter 7 bankruptcy?
- Do I qualify to file Chapter 7 bankruptcy?
- How will my life change after bankruptcy?
- What is the first step?
We can answer all of these questions for you and more at Allmand Law Firm,
PLLC. Our team of experienced and knowledgeable consumer bankruptcy lawyers
is here to help you through this process. First, let's answer the
most obvious question: What is Chapter 7 bankruptcy?
Understanding Liquidation Bankruptcy
When most people think about bankruptcy, they are probably thinking about
Chapter 7 bankruptcy. Also called "straight bankruptcy" or "liquidation
bankruptcy," Chapter 7 bankruptcy allows the filer to discharge most
if not all of his or her unsecured debt.
Examples of unsecured debt include, but are not limited to:
- Credit card debt
- Unpaid utility bills
- Medical expenses
- Some back taxes
- Wage garnishments
- Auto repossession
Do I qualify for Chapter 7 bankruptcy?
Not everyone is qualified for Chapter 7 bankruptcy. A "means test"
was introduced in order to ensure that those capable of paying back what
they owe do so under the right bankruptcy chapter. The means test examines
the applicant's disposable income and measures his or her income against
the median household income in the area. Speak with a Dallas / Fort Worth
bankruptcy lawyer from our firm to find out more. Our firm is led by Attorney
Reed Allmand who is certified in Consumer Bankruptcy by the Texas Board
of Legal Specialization.
Free Consultations with Dallas Bankruptcy Attorneys
Call our team to learn more about the services we provide. Meet with us and take the
first step in discovering whether or not filing Chapter 7 bankruptcy is
the right course of action for you.
is free, so call us at (214) 238-9608 as soon as possible.