If you’re unsure of where to start in filing Texas bankruptcy, this blog guide will give you a quick education. The focus is on how to get help for Dallas residents, but, though each city is unique, the general rules are the same for all Texans.
You Need a Lawyer
Your first step in filing Dallas bankruptcy is to hire a lawyer. There are many bad things said of lawyers – they’ll spend a few hours on your case and charge you thousands; they’ll take no action on your case and delay it – but it depends on who you hire. The owners of this blog are professionals in Texas bankruptcy law. It’s easy to hire those who promise big results for a small price, but remember this is a business. You need a lawyer who charges reasonable rates, who has experience, who will spend a reasonable amount of time on your case, and who’ll take action and not delay your case.
You Need Time
Before you take action, you need to set aside time to go through this case. Why? Bankruptcy is a complex field – and you need to understand your options in order to file successfully. To put it another way, if you go into a job interview when you’ve been out of work for 2 years, you don’t just wing it. When your financial future is on the line, start asking questions early.
You Need Action
In many cases, those who file wait too long in making certain decisions. This can be hiring your lawyer, choosing what form of bankruptcy to file, stalling on filing while your mortgage payments fall behind, or actually spending money you don’t have. Let’s take one of those and go further. If you wait too long to file bankruptcy, and you have a home in danger of foreclosure, once the files are in you are going to lose the home in most cases. If you take action, contact a Dallas bankruptcy lawyer, and file, this problem is quite often solved.
Know The Rules
Are you eligible for Texas Chapter 7 or Chapter 13 bankruptcy? You need to know this immediately. This blog highlights on many occasions the eligibility requirements for Chapter 7 and Chapter 13 bankruptcy – each are unique for Texas residents, and depend on your income and current debts.
Know Your Rights with Creditors
If creditors are harassing you, know your rights. There are options other than filing bankruptcy when it comes to stopping creditor harassment, but bankruptcy is one effective way to end it. If you file bankruptcy, simply tell your creditors that. If they call again, or continue calling, refer them to your lawyer. If, on the other hand, you don’t want to file bankruptcy, you can write the creditor a letter asking them to stop contacting you.
Know There Are Other Options
In some cases, filing a Dallas bankruptcy may not be in your best interest. And a good lawyer will tell you that. There are times when you have too much too lose, you’re not eligible, or you can solve your financial problems in other ways. Just remember that bankruptcy can be a very effective option for eliminating debt, keeping major assets like a home and car, and gives you a fresh start financially.
