Is Bankruptcy Right For You?

The term "bankruptcy" itself carries a negative connotation, but, declaring bankruptcy is not a failure on your part. Sometimes it is simply a valuable tool to get your life or business back on track. If you choose to file, you must understand that the bankruptcy laws require all assets and debts be included and do not permit a debtor to pick and choose which assets and debts are included.

Bankruptcy is not something to be feared, nor is it something to be taken lightly. Chapter 7 and Chapter 11 bankruptcy can be valuable tools for discharging debt, but bankruptcy laws must also be strictly followed in the process. Because bankruptcy is such a valuable tool, it is also subject to strict rules and procedures. If a bankruptcy trustee finds information that shows hidden assets, undisclosed debts, or preferential treatment of certain creditors, there can be serious consequences. To ensure that you are adequately counseled on these procedures, it is important that you retain an experienced bankruptcy attorney to help you through this complex process.

If Bankruptcy Isn't Right, We'll Find An Alternative

When you work with me, Gregory A. Whittmore, Attorney at Law, I will only recommend bankruptcy as a last resort, but if it is the best option for you, we will get through this process together.

Contact my office for an analysis of your debt relief options and an understanding of what can be done to stop creditor harassment, wage/bank account garnishments, property liens, lawsuits from creditors, and more.

Some of these alternatives to bankruptcy may include:

  • Negotiating with lenders/creditors to restructure your debt
  • Finding a party who can acquire the asset, like a new business partner

If Bankruptcy Is Right, We Can Discuss Your Situation And Decide Which Bankruptcy Chapter Is Best For You

In many cases, filing for bankruptcy does end up being the best option for my clients. This is because the kind of debts with which they struggle, like credit card debt or medical debt, can be difficult to restructure outside of bankruptcy. I will help you explore your options regarding bankruptcy.

Contact my office in Dallas, Texas, online or by telephone at 214-217-0330 to arrange an appointment with an experienced lawyer.

This law firm is a debt relief agency. In addition to other services we offer, we help people file for relief under the Bankruptcy Code.