Pin It

Dealing with Bankruptcy in Arlington, TX

When people are overwhelmed with debt, they sometimes come to the point where the only thing left to do is file bankruptcy. Bankruptcy is not the end of the world, as people used to think, but can actually be a blessing in disguise and help people start over financially. An attorney that helps clients with Bankruptcy in Arlington TX understands the difficulties that can arise with bankruptcy proceedings. Here are some things that potential clients should know about filing the two main bankruptcies in Texas, Chapter 7 and Chapter 13.

Filing Chapter 7 Bankruptcy
When people file Chapter 7 bankruptcy, the intent is to wipe out all unsecured debt and to start over fresh with a clean financial slate, but they must qualify for that type of bankruptcy. If they make too much money, they may not be able to file Chapter 7, but have to go another route, such as Chapter 13. With a Chapter 7, the debtors are not usually able to keep the property, such as a home or a car, although there are cases where that can be taken care of another way.

Filing Chapter 13 Bankruptcy
Chapter 13 bankruptcy is for those who are unable to file Chapter 7 and is another way of doing debt reorganization, which a court will grant the debtors three to five years to pay off debts that the court warrants. However, in a Chapter 13 bankruptcy, the debtors have the opportunity to keep their homes, their cars and other possessions. In either type of bankruptcy, after the filing of the documents and the creditors has received notice, all harassing phone calls must cease.

Who to Call in Arlington, Texas
When the time comes to hire a bankruptcy lawyer, the client should look for one with a proven track record at successful litigation against these kinds of cases. David S. Kohm & Associates, Attorneys at Law are attorneys in the Arlington, Texas area who help clients with debt relief issues. If any potential clients need help with filing Bankruptcy in Arlington TX, the attorneys are available. More information can be found by visiting the website at

Connect with us with on Google+!