How to File Bankruptcy in DFW

Chapter 7 and Chapter 13 Bankruptcy Petition

Bankruptcy law varies depending upon state laws. Texas bankruptcy law is no exception. That is why you need an experienced attorney in Dallas - Fort Worth. The following is a basic outline of the bankruptcy process.

Chapter 7 Bankruptcy:

• Complete credit counseling with an approved credit counselor.
• Pass the means test according to bankruptcy law.
• File your bankruptcy petition.
• Appear in bankruptcy court.

Note: If the court finds that you have enough income to pay 25% of your unsecured debts, the court may convert your petition Chapter 7 petition to a Chapter 13 petition.

Chapter 13 Bankruptcy:

The Chapter 13 bankruptcy process is similar to Chapter 7. However you must develop your proposed debt repayment plan during credit counseling. You must also meet mandatory income requirements and your proposed debt repayment plan must be accepted by the court.

For more information on how to file bankruptcy, contact your Dallas - Fort Worth attorney for a free initial consultation.