Dallas Fort Worth Bankruptcy in a Nutshell

Bankruptcy protection is still available for deserving individuals, families, and business under the new bankruptcy law.

Bankruptcy helps honest debtors who have fallen on hard times get a fresh start.

Most people declaring bankruptcy in the Dallas / Fort Worth Texas area don't lose any property and get to keep everything they own. 

Your credit will not be "ruined" for 10 years because of bankruptcy. 

In the Dallas / Fort Worth Texas area, unless you tell them yourself, your friends, family, and employer will probably not find out that you declared bankruptcy. 

The law says bill collectors MUST stop calling once your bankruptcy case is filed.

The longer you wait to file bankruptcy, the more it could cost you in the long run.

All bankruptcy attorneys are not same.  Follow your instincts and choose a lawyer you like and trust.

Student loans are not normally forgiven in a bankruptcy.

Most people in the Dallas / Fort Worth Texas area who are represented by an attorney never step foot inside a bankruptcy courtroom.

You must list all your debts when filing bankruptcy, but you can voluntarily pay back anyone you wish.

Some older IRS taxes are forgiven in bankruptcy.

You cannot be fired because you declared bankruptcy.

Filing bankruptcy does not make you a bad person.

The media often reports incorrect or over-simplified information about bankruptcy.  Do not make decisions about your family's financial future based on what a television or newspaper report says.  Always speak to a bankruptcy professional first before making a decision. 

The overwhelming majority of people who would have qualified under the old bankruptcy law still qualify under the new bankruptcy law.