Bankruptcy Attorneys in Dallas, TX

Deciding to file for bankruptcy can be an agonizing decision. By the time bankruptcy becomes an option, the bills have piled up and harassment from creditors has become unbearable. At some point, the benefits of filing for bankruptcy begin to outweigh the negative consequences.

Although people worry about the stigma of filing for bankruptcy, it can provide the consumer with a "fresh start." New opportunities are created when the consumer is unhampered by the pressures of insurmountable debt.

At Littlefield Law Firm, our affordable bankruptcy lawyers in Dallas, TX, understand the legal, financial, and emotional consequences of filing for bankruptcy. Our attorneys offer personalized bankruptcy and debt management services.

The attorneys in the firm, Linda J. Littlefield, each have more than 20 years experience handling different types of bankruptcy cases including Chapter 7 and Chapter 13 bankruptcies.

Active in the legal community, the attorneys at Littlefield Law Firm are members of the National Association of Consumer Bankruptcy Attorneys (NACBA), the American Bankruptcy Institute (ABI), the Dallas Debtor Bankruptcy Bar Association, and the DFW Association of Young Bankruptcy Lawyers (DAYBL).

The attorneys at Littlefield Law Firm are dedicated to helps their clients choose the best course of action in a consumer bankruptcy case in Dallas, TX. Contact the attorneys to learn more about the different types of bankruptcy petitions that can be filed at the following locations:

What Sets Our Bankruptcy Attorneys Apart

Large firms often use paralegals for meetings that really require the knowledge and experience of a licensed attorney. These large firms charge as much, if not more, than smaller law firms that use licensed attorneys to handle all aspects of the bankruptcy case. Using a law firm is usually not the cheapest way to file for bankruptcy.

As a small law firm, the attorneys at Littlefield Law Firm in Dallas, TX, provide personalized attention during each step of the bankruptcy process while focusing on the best low-cost solutions. We get to know each of our clients as we help them make critical decisions that will impact their financial futures. We are available to answer your questions during all stages of the process.

From the first consultation through any follow-up matters after the case is resolved, we are here to help you through this process. Our goal is to assist you in getting your fresh start in the best way possible, given your individual circumstances. The attorneys at Littlefield Law Firm can also help you understand what happens after your bankruptcy case is over as you reestablish your credit and buying power over time.

Hiring a cheap bankruptcy petition preparer who are not licensed attorneys is not a good option. Not using an experienced attorney might be the most expensive option in the long run. Only an experienced attorney can give you legal advice and make sure you are protected at every stage of the bankruptcy case.

Bankruptcy is not a good do-it-yourself project. Many people who try to represent themselves in a bankruptcy case choose the wrong type of bankruptcy or fill out the paperwork incorrectly. The federal packet is lengthy. Local courts in Dallas, Fort Worth and Plano, TX, often use their own local forms as well. Not completing all of the paperwork needed (or filling out the paperwork incorrectly) could result in the case being dismissed.

Even worse, a pro se litigant without an attorney in a bankruptcy case might not protect all of their property or know how to discharge all of their debt. Even picking the wrong time to file might prevent you from getting I.R.S. tax debts discharged in bankruptcy. The most serious problems arise when the bankruptcy trustee accuses a pro se litigant of fraud (sometimes because of an inadvertent error caused by ignorance about the requirements).

Before you decide, contact us for a free consultation. The affordable and low-cost bankruptcy attorneys at Littlefield Law Firm in Dallas, TX, can help you understand the different types of bankruptcies and their serious long-term financial and legal consequences. We can help you understand which type of bankruptcy is best for you, whether you can get out of all of your debts, and how to pay back any remaining debts over time.

The Benefits of Filing for Bankruptcy

The benefits of filing for bankruptcy might include:

• Stopping foreclosure proceedings so that you can stay in your home • Halting lawsuits
• Putting a stay on IRS collection actions • Ending wage garnishments
• Discouraging creditors from harassing you • Preventing bank accounts from being frozen
• Terminating bank levies • Recovering a repossessed vehicle

Finding Experienced Texas Bankruptcy Lawyers

Contact us to schedule your initial consultation to discuss the pros and cons of filing for personal bankruptcy in Dallas, TX. Our experienced Texas bankruptcy attorneys provide affordable and low-cost representation throughout Dallas and the surrounding areas in the Dallas-Fort Worth metroplex including Fort Worth, Arlington, Plano, Garland, Irving, McKinney, Frisco, Mesquite, Carrollton, Denton, Richardson, and Lewisville, TX.

Our affordable bankruptcy attorneys understand the rules and procedures in federal courts for each type of bankruptcy. We are familiar with the United States Bankruptcy Code and the Federal Rules of Bankruptcy Procedure, and the local rules of the court in which the case is filed.

No matter your situation, we help high-income, moderate-income, and low-income taxpayers file for bankruptcy. Contact us to find out how you can get out of debt if you declare Chapter 7 or Chapter 13 bankruptcy. We can help you find financial freedom from crushing debts and I.R.S. tax liabilities.

Call (972) 812-0900 to discuss how bankruptcies work.

Meet Linda Littlefield
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Frequently Asked Questions
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Q:
My bank account is frozen. Is there anything you can do to help?
A:
Yes. If you file a bankruptcy within 10 days of the account freeze, we can file a bankruptcy and demand that the account garnishment be lifted.
Q:
Will I lose my assets if I file for bankruptcy?
A:
In Texas there are 2 schemes of asset exemptions available to individuals filing bankruptcy. Both schemes are very generous in different ways. Because of this, it is not common to have a case where assets are taken by a Trustee to pay your creditors. Additionally, if you are one of those people that has an asset with no available exemption, you can choose to file a case under Chapter 11 or 13 where you pay your creditors in lieu of losing the asset.
Q:
Bankruptcy will destroy my credit, right?
A:
No. Bankruptcy can actually help your credit score if your current score is low. If you have a good credit score when you file bankruptcy, you will experience a decreased score. Generally, within two years of filing you can have a score of around 700 if you take steps to create good credit and do not have any derogatory accounts.
Q:
I owe taxes. You can’t help me with those, can you?
A:
Believe it or not, many taxes and almost all tax penalties are actually dischargeable in a bankruptcy. However, it takes a thorough analysis of your tax accounts to make the determination of what is or isn’t dischargeable. Even if some of your tax debt is not dischargeable, we can help you with a Chapter 13 or Chapter 11 Plan of reorganization to pay the portion that is not dischargeable over time, and in many cases, interest free.
Q:
I am embarrassed that I can’t repay my debts, and I feel guilty.
A:
Bankruptcy was created to give individuals a fresh start because you have a right take care of the necessities for you and your family before paying your creditors. Also remember that the Lord’s Prayer commands us to both forgive and be forgiven. It is recognized that bad things happen to good people. The sooner you get your finances back on track, the sooner you will feel the relief of having handled the situation.
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11300 N Central Expy #130
Dallas, TX 75243
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Chp. 7
Chp. 13
Type of Bankruptcy
Liquidation
Reorganization
Who Can File
Individuals And Business Entities
Individuals Only (Including Sole Proprietors)
Eligibility Restrictions
Disposable Income Must Be Low Enough To PassThe Chp. 7 Means Test
Cannot Have More Than $394, 725 Of Unsecured Debt Or $1, 184, 200 Of Secured Debt
How Long Does It Take To Receive A Discharge?
Typically Three To Five Months
Upon Completion Of All Plan Payments (Usually Three To Five Years)
What Happens To Property In Bankruptcy?
Trustee Can Sell All Nonexempt Property To Pay Creditors
Debtors Keep All Property But Must Pay Unsecured Creditors An Amount Equal To Value Of Nonexempt Assets
Allows Moving Unsecured Junior Liens From Real Property Through Lien Stripping?
No
Yes (If Requirements Are Satisfied- Learn About Lien Stripping)
Allows Reducing The Principle Loan Balance On Secured Debts Through A Loan Cramdown?
No
Yes (If Requirements Are Satisfied- Learn About Cramdowns In Bankruptcy)
Benefits
Allows Debtors To Quickly Discharge Most Debts And Get A Fresh Start
Allows Debtors To Keep Their Property And Quickly Catch Up On Missed Mortgage, Car, and Nondischargeabe Priority Debt Payments
Drawbacks
Allows Debtors To Quickly Discharge Most Debts And Get A Fresh Start
Must Make Monthly Payments To The Trustee For Three To Five Years. Depending On Income Or Assets, May Have To Pay Back A Portion Of General Unsecured Debts