A lawyer specializing in credit card debt in Dallas TX can help you get your finances in order and organize a payment plan for the amount you owe. Credit card debt exposes you to harassment from collection agencies and a poor credit rating that may inhibit your ability to buy a house or even get a good job. Consulting with a local debt or bankruptcy attorney in Dallas TX is the best way to get your financial situation back on track.
Filing for Chapter 7 bankruptcy usually lets you discharge credit card debt in Dallas TX. In a Chapter 7 bankruptcy, credit card debt is handled as an unsecured claim. This means that the creditor can’t take your house, car or other property unless they successfully sue you and receive a court judgment. If you don’t pay your credit card bills, the creditor can call you to request payment or report you to a credit agency. If you are reported to a credit agency, you’ll find it hard to apply for another credit card, get a bank loan or buy a car or house. That’s why it’s so important to call a debt or bankruptcy attorney and look at your options.
If you file for a Chapter 7 bankruptcy, you can keep exempt property, but give up non-exempt property to satisfy the debt. Texas has some of the most liberal law in the country when it comes to protecting debtors – for example, a creditor can’t garnish your wages like in most other states. Your attorney will counsel you on ways you can keep all your property if faced with credit card debt you cannot repay. Credit card debt is considered a non-priority claim and will remain unpaid in most cases.
Any consumer having problems keeping up with credit card payments can avoid getting to a bankruptcy situation by following a few simple precautions. An attorney knowledgeable in credit card debt in Dallas TX will show you how to monitor your credit cards, get rid of charges and fees, and lower the interest rates on your cards. A good attorney can help you reduce the amount of principal you need to pay on your debt.
The Law Office of William D. Kunofsky handles credit card debt in Dallas TX for wage earners, self-employed individuals and others. Every situation is different, and some individuals will need to file Chapter 7 or Chapter 13 bankruptcy in the event they cannot pay their creditors. Chapter 11 Bankruptcy filings are used for large businesses. If you think you need to file for bankruptcy as protection against creditors, call the Law Office of William D. Kunofsky at 214-369-1040 or use the contact form at debtfighters.com to reach us.
Credit Card Debt Dallas TX
Bankruptcy Lawyer Dallas TX
10300 N Central Expy STE 252
Dallas, Texas 75231
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