Plano Job Loss & Bankruptcy Lawyers

Dallas Personal Bankruptcy Attorneys

Filing Bankruptcy After Losing Your Job

One of the most common causes of financial problems is the loss of a job. In today's economy, an increasing number of people are facing this concern. Taking away a steady income can cause otherwise responsible citizens to fall behind on car payments, medical bills, mortgage payments and other debts by no fault of their own.

Filing Chapter 7 or Chapter 13 bankruptcy can help relieve these debts and give someone a fresh financial start.

When Should You File?

If you or your spouse lost a job and are falling behind on your debts, the question may not be if to file bankruptcy, but rather when. In general, it is best to file bankruptcy before you gain other employment because your income will be at its lowest, especially if you have substantial credit card debt. You will be in a better position to qualify for Chapter 7 bankruptcy for a complete discharge of your unsecured debts prior to gaining other employment.

However, this does not mean you should stop looking for employment. Even if you do find another job, you may still qualify for either Chapter 7 or Chapter 13 bankruptcy. A Chapter 13 bankruptcy can substantially reduce your payments on your vehicles, and lower the amount you pay back your credit card and other creditors.

Under the Federal Law protection of the Bankruptcy Code, it is illegal for an employer to discriminate against a job applicant because he or she filed for bankruptcy.

Get Answers From Experienced Dallas Personal Bankruptcy Attorneys

For more information, we invite you to call Pelley Law Office, L.L.P. at 972-608-0335 or 903-813-4778 to schedule a free confidential consultation with an experienced bankruptcy lawyer. You can also e-mail our Plano job loss and bankruptcy attorneys to request an appointment. We have more than 37 years of experience representing clients in need of financial relief in Dallas and throughout North Texas, and we look forward to helping you.

Pelley Law Office, L.L.P. has been named by The United States Congress in Washington, D.C., as a debt relief law firm, and we help people file for bankruptcy relief under the Bankruptcy Code.

Just a brief note to tell you how appreciative I am of how effective you were in my Bankruptcy Proceedings. I was never worried because I knew I was being represented by the best. Thank you!

- F.B.

I was faced with a first degree felony, which meant 5-99 years behind bars. It was terrifying. You are not only a great attorney but a very honest man with integrity...you saved my life.

- A.N.

From the first moment I met Mr. Pelley, he made me feel at ease. I was always updated, whether via mail or phone call of court dates and information concerning my case. He did a remarkable job and went above and beyond all my expectations. I wouldn't have to think twice about recommending Mr. Pelley to represent any of my family members or closest friends.

- C.G.