dallas bankruptcy: It's Useful To Know...

2007-03-08 10:33:40

( Legal )



There is no shame in bankruptcy. It’s simply about starting over again. Whether az bankruptcy or los angeles bankruptcy you can put an end to debt collector calls and end the credit burden.

If you are buried in credit card / consumer debt, have creditors calling you every moment and are threatened with lawsuits, you can find a comprehensive internet site to help you with dallas bankruptcy.

On this site you can find all the information you need about:
• debt relief
• credit management
• chapter 7 liquidation bankruptcy
• chapter 13 bankruptcy for wage earners
in dallas bankruptcy.

Credit Card / Debt Trap
Credit card companies have been taking advantage of you for years. Think of all the “account balance” transfer offers and new credit extensions you have received. And the trap? You establish a decent payment history and they increase the credit limit. Now you spend more. Finally you can hardly make the minimum payment. Now they own you. But, take charge! Credit card companies are afraid of the bankruptcy code and bankruptcy lawyers.

Chapter 7 Bankruptcy
This is about the liquidation of all non-secured debt. Consumer liquidation bankruptcy is your choice when the monthly payments of your personal overheads (rent / utilities / groceries / car payment) are greater than your home income. Rest assured – under the present law your home and car are safe.

Chapter 13 Bankruptcy
This forces your creditors to negotiate with the bankruptcy trustee approval. It forces your creditors to settle up. Consumer bankruptcy also happens when your monthly overheads are greater than your income, but you are able to pay back some of the debt.




Management and Consolidation Services for Credit Card Debt
These “non-profit” organizations are actually funded by your enemy – the credit card company! And no, they are not on your side. Furthermore there are certain counseling services which ask you for your pay check. They take a fee, pay the companies and give you a monthly income on which you can’t survive. Don’t take this option! And if you can’t keep to the contract you lose every benefit and end up with the penalties and interest again. And it will all end up on your credit report – you become a bad credit risk. Let Dallas bankruptcy lawyers empower you – don’t give control to someone else.

Credit after Bankruptcy
You WILL get credit after your bankruptcy. Even though your bankruptcy appears on your report for 10 years it doesn’t mean you can’t get a credit card, buy a car or home for the same period. In fact you are more likely to get a credit card because:
• you income is freed up
• you won’t declare bankruptcy for the next 6 years
• you don’t have most of your debt.

In addition, it is unlikely that you


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