Bankruptcy Attorney Mansfield, Texas

New Bankruptcy Rules And Regulations!

 

If you are planning to file a Chapter 7, or Chapter 13 bankruptcy in the near future, there is good new and some not so good news about the process. We'll get to that in a moment, but first, in case you missed the memo, back in 2005 the Congress of this country completely overhauled the bankruptcy law making it nearly impossible for the average person to file bankruptcy chapters without the assistance of some legal professional like a bankruptcy attorney Mansfield, Texas. In other words no more "good-old-days" of filling out a few papers and making an appearance at one of the local places that handle bankruptcy filings. It was a simple procedure that could be completed in less than an hour. Not any more, folks. And to be honest, without legal attorney help unless you're a legal wizard on your own, you'll be dead in the water unless you have personal knowledge of what a "means test" is and all the counseling rules, as well.

 

Debt Discharge And Bankruptcy Dismissal!

 

Some call it a relief and the last resort in retaining your sanity. But your legal bankruptcy attorney can hold your hand to insure the decks are cleared regarding your bankruptcy. Eliminating your debts depends on what chapter you are filing; chapter 7, 11, or 13. If the filing is done correctly and completed per bankruptcy court requirements you will be safe. Your attorney will also inform you that when your bankruptcy is dismissed, an "automatic stay" will be lifted off your back meaning that no creditors can hound you, the debtor, any more for any outstanding collections. But once that "stay" is dismissed by the courts and lifted, creditors can once again be able to continue efforts to collect any remaining debts.