Best Bankruptcy Attorneys in Dallas

Frequently Asked Questions

• Where do I file for bankruptcy in Dallas, Texas?

  You may file your bankruptcy petition and other necessary paperwork with the Dallas Bankruptcy Court. The court's physical address is 1100 Commerce Street, Room 1254, Dallas, TX 75242.

• Where can I get bankruptcy forms in Dallas, Texas?

  Bankruptcy forms in Dallas are accessible through this link: https://www.uscourts.gov/forms/bankruptcy-forms.

• What is the procedure for initiating bankruptcy proceedings in Dallas?

  You will need to collect a number of documents, such as a bankruptcy petition and court forms that provide thorough information about your expenses, assets, debts, income, and other important financial details, in order to begin bankruptcy proceedings in Dallas. A debtor education course and a credit counseling course must also be completed before and after the filing procedure. Additionally, you must show up for a meeting with your trustee where creditors will be present, as well as pay a filing fee of $338 for Chapter 7 or $313 for Chapter 13.

• How will bankruptcy impact your job in Dallas?

  If you have filed for bankruptcy in Dallas and your employer finds out about it, your employer is legally prohibited from terminating you or engaging in discriminatory behavior towards you. You are protected against salary reduction, potential job loss, or the removal of your responsibilities solely based on your bankruptcy filing. It is possible for your employer to face legal consequences if they do discriminate against you or terminate your employment due to your bankruptcy status.

• Is it possible to acquire new credit following a bankruptcy filing?

  Yes. It is possible. However, it is up to each individual lender in Dallas to decide whether or not to offer you credit. While some creditors may approve your credit application despite your bankruptcy history, considering factors such as the absence of outstanding debts and your ability to repay a new loan, not all creditors will have the same stance.

• Is filing for bankruptcy a more advantageous option compared to enrolling in a debt repayment program in Dallas?

  Declaring bankruptcy is a better choice than enrolling in a debt repayment program in Dallas for several reasons. First off, unlike a private service, the court will force your unsecured creditors to accept the Chapter 13 plan even if you only pay them a small amount or nothing at all. After filing for bankruptcy, none of your creditors have the right to sue you or take other legal action against you, which a private service cannot prevent. Additionally, both the accumulated interest and the underlying debt will be canceled at the conclusion of a standard Chapter 13 plan.

• Is there a possibility that your Dallas landlord or employer will find out about your bankruptcy?

  In most situations, your Dallas landlord or employer will likely remain unaware of your bankruptcy case unless they happen to be one of your creditors. Although bankruptcy petitions are public records and cannot be kept confidential, it is unlikely that your employer or landlord would actively engage in searching through these records. However, it is important to note that if you have a Chapter 13 repayment plan, your employer will find out about your bankruptcy filing since it is customary to inform them about the associated payroll deductions required by the plan.