Bankruptcy Overview

If you are thinking about filing for bankruptcy, it is essential to learn about the pros and cons before you file. You should seek out the services of an experienced bankruptcy attorney to learn more about the different types of bankruptcy and the eligibility requirements for each type.

Under the authority granted by Article I, Section 8 of the U.S. Constitution, Congress enacted the "Bankruptcy Code" in 1978. Although the Bankruptcy Code has been amended many times since it was originally enacted, its provisions govern all bankruptcies filed in the United States.

The Bankruptcy Code is read in conjunction with the Federal Rules of Bankruptcy Procedure (often called the "Bankruptcy Rules"). The Bankruptcy Rules were created by the U.S. Supreme Court and govern the processes in a bankruptcy case. Each individual bankruptcy court has its own set of local rules.

Attorney for Bankruptcy Cases in Dallas, TX

Nick Inman and Linda Littlefield are familiar with the local rules used by the bankruptcy courts in the Northern District of Texas in both the Dallas and Fort Worth offices. They are also familiar with the local regulations used by the Eastern District of Texas in the Plano office. Call us today to get an overview of the bankruptcy laws that might apply in your case.

Whether you are filing for a consumer bankruptcy or business bankruptcy, let us put our experience to work for you and get a fresh start.

Call (972) 812-0900 today.


Different Types of Bankruptcy

The most common types of bankruptcy cases include:

Bankruptcy cases have a dedicated system of courts throughout the country. Each judicial district in the United States has its own bankruptcy court, while each state has at least one district.

United States bankruptcy judges make binding decisions in a bankruptcy case, including deciding eligibility issues and whether to grant a discharge of the debt. Many aspects of the bankruptcy process are conducted by a trustee who is appointed by the court to carry out the administration of the debtor's estate.

After a person files a petition for the bankruptcy, the court issues an automatic stay. The following types of secured and unsecured debts are addressed during the bankruptcy case:

Call us to find out more about the attorney fees and costs that are required to file and complete your bankruptcy case. We can answer your questions about stopping creditors from doing any of the following:

If you are considering a consumer bankruptcy or a business bankruptcy under Chapter 7 or Chapter 13, then contact our experienced bankruptcy attorneys in Dallas, TX, at Littlefield Law Firm to discuss your case. 

Call (972) 812-0900 today.


This article was last updated on Friday, February 16, 2018.

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