Bankruptcy Services
Bankruptcy Lawyer for Dallas, Fort Worth
What's the difference between Chapter 7 and Chapter 13 bankruptcy services?
Chapter 7 Bankruptcy
You ask the bankruptcy court to discharge most of the debts you owe. In exchange
for this discharge, the bankruptcy trustee can take any property you own that
is not exempt from collection, sell it, and distribute the proceeds to your
creditors.
Chapter 13 Bankruptcy
You file a repayment plan with the bankruptcy court to pay back your debts over time. The amount you'll have to repay depends on how much you earn, the amount and types of debt you owe, and how much property you own. Determining which is right for you is a consideration to be discussed with your attorney.
