Texas Bankruptcy Attorneys Dallas Fort Worth Houston
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There were nearly 1.7 million bankruptcies filed in 2003, up 7.4% from the 1,547,669 filings in 2002. In fact, bankruptcy fillings have increased nearly 100% since 1994. To help sort your way through the complicated maze of overcrowded bankruptcy courts, you need the assistance of knowledgeable legal advocates, with years of experience and demonstrated trustworthiness.
Bankruptcy-just the sound of it evokes strong feelings in most people. It's rarely anyone's first choice when trying to cope with overwhelming debt, the decision to file bankruptcy can be the right one when made with full awareness of all its consequences.
Debtors considering bankruptcy must bear in mind that filing bankruptcy stays on their credit report for up to ten years, making it difficult to get future credit such as mortgages, and that any credit they are extended will probably cost more in terms of interest rates and fees. And some debts must still be paid. Accordingly, it is essential to seek the advice of an experienced bankruptcy attorney before making potentially life-altering financial decisions.
A high level of indebtedness among households could lead to increased household delinquencies and bankruptcies. If you find yourself facing insurmountable debt and bankruptcy appears to be your only option, it is imperative that you seek the advice of an experienced bankruptcy attorney.
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At the core of our nation’s bankruptcy laws is the notion that honest, financially strapped citizens should be given the opportunity for a “fresh start” in life. Bankruptcy holds out a promise to the debtor of “a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of pre-existing debt.” Board Certified Texas Bankrutpcy Law Attorney* At Bailey & Galyen, we represent individuals and commercial clients in bankruptcy proceedings that are initiated by either an insolvent individual, or business, or creditors seeking to have the debtor’s remaining assets distributed among the creditors and, thereby, discharging the debtor from further obligation or restructuring and reorganizing the insolvent’s debt structure. We work with Chapter 7 and Chapter 13 proceedings and can help with:
If you have a bankruptcy question, feel free to start with our Bankruptcy FAQs section. You can also feel free to call our Bankruptcy Talkline at 1-888-568-2323 or unique on-line Bankruptcy TalkLine and hear on-line real audio answers to several often asked Bankruptcy Law questions - click here now. ***SPECIAL ALERT DATED APRIL 15, 2005*** THE BANKRUPTCY REFORM BILL HAS PASSED AND IS EXPECTED TO BECOME LAW IN OCTOBER 2005. THIS DOES NOT AFFECT CURRENTLY FILED CASES AND DOES NOT AFFECT CASES FILED PRIOR TO OCTOBER 2005. WHAT DOES IT MEAN FOR OUR CLIENTS?
Managing Bankruptcy Attorney for the Dallas & Fort Worth areas: *Board Certified Consumer Bankruptcy Law- Texas Board of Legal Specialization
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