Clients commonly struggle with the concept of bankruptcy in a moral and ethical sense. They feel like it is “unfair” not to pay back debt that they incurred. The cornerstone of all of law is fairness and morality, and bankruptcy law is no exception. Bankruptcy Court is a forum that Congress specifically created to manage the conflicts between debtors and creditors, allowing both parties to have rights and responsibilities. Bankruptcy Court is not a place to “try to get away with something” or to “pull one over on your creditors”. Bankruptcy Court is a place for honest but unfortunate debtors to receive relief from their creditors and to get a fresh start.
One of the first things that potential clients get confused about is the differences between the different chapters in bankruptcy. “Chapter” is simply how lawyers refer to the different types of bankruptcy based on the sections of the Bankruptcy Code. The most common types of chapters are 7, 11, and 13, although there are additional specialty bankruptcies. Bankruptcy law is Federal law; however, the laws of the State of Texas are still relevant and do overlap.
Bankruptcy laws can be complex and confusing. At The Vida Law Firm, PLLC, we are going to analyze your legal problems in the initial consultation and will explain how these different chapters may or may not apply to you.
Bankruptcy laws and their impact on your credit record and daily life do not have to be a source of great stress if you know how to properly handle your economic woes. We can help you make the best decisions to solve your financial situation.
Common sense and wisdom tell you that having assistance from a good bankruptcy law firm in Dallas/Fort Worth can lead to better outcomes. You should get your legal advice from a bankruptcy attorney, not staff or assistants.
Your bankruptcy lawyer should be able to guide you, advise you well, prepare the necessary paperwork, and shepherd you through the process to get you through these challenges in the best possible way. Our attorneys can do all that for you, and more.
It is not your job to know everything about bankruptcy law before you file a case–your job is to make decisions and to provide the information necessary to filing a case. We help you understand the best way to proceed, and make it happen.
Visit our information pages for the different ways to file bankruptcy in Fort Worth:
Sometimes in bankruptcy, disputes over various issues between debtors and creditors or debtors and Trustees occur after a case is filed and litigation is the result. Litigation just means that there is a dispute between parties that needs to get resolved. The purpose of the Bankruptcy Judge is to decide disputes. Our experienced trial attorneys have represented both debtors and creditors in a wide variety of bankruptcy litigation matters, including disputes over protecting property and disputes over whether a debt is being properly discharged.
Anyone who feels that a bankruptcy case was decided incorrectly may file an appeal within 14 days of the judgment or order. We have experience representing both creditors and debtors in all kinds of bankruptcy litigation in Dallas and Fort Worth, including appellate cases. We have successfully handled appeals in the Bankruptcy Courts, Federal District Courts and the 5th Circuit Court of Appeals.