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Bankruptcy FAQ

Bankruptcy

Respected North Texas Consumer Bankruptcy & Business Bankruptcy Lawyers

The new bankruptcy laws provide extraordinary protection and relief. Almost everyone is still eligible to file.

Pelley Law Office, L.L.P. is recognized as a leader in the bankruptcy law arena. We have helped thousands of clients file for bankruptcy in more than 35 years of practice. To schedule a free consultation with a bankruptcy law attorney, contact our law offices.

The Benefits of Bankruptcy

Bankruptcy can protect you from:

  • Foreclosure of your homestead
  • Repossession of your automobiles
  • IRS harassment
  • Pending lawsuits
  • Judgments
  • Creditor harassment
  • Garnishment of wages
  • Telephone harassment

Four Step Approach to a Fresh Financial Start:

  1. Asset protection: Our first priority is to protect the assets you have worked hard to acquire: your home, vehicles, retirement funds, investments, personal property, income, and other assets.
  2.  Eliminate debt: Our second priority is to eliminate credit card debt, medical bills, loans, liens on household goods and certain IRS obligations. We also help clients reduce monthly payments and interest rates on their secured obligations, such as their automobiles.
  3. Stop Creditor Harassment & Reduce Stress: Creditor harassment and frequent phone calls create unnecessary stress that we can end. Bankruptcy typically eliminates the high-level of stress and unhappiness associated with overwhelming debt.
  4. Credit Counseling: An integral part of obtaining a "fresh start" is the rehabilitation of your credit. We counsel you on how to rehabilitate your credit. Your credit score should substantially increase shortly after you get your discharge.

More Information on Bankruptcy and Personal Debt Relief

You can learn more about the true facts and dispel some of the myths surrounding bankruptcy law and other debt relief options by visiting the following pages:

The bottom line is that filing for protection under the Bankruptcy Code helps to provide consumers and small business owners with a fresh start. The Supreme Court made this point about the purpose of the bankruptcy law in a 1934 decision:

"It gives the honest but unfortunate debtor...a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt." Local Loan v. Hunt, 292 U.S. 234, 244 (1934).

Contact Us

Please contact Pelley Law Office, L.L.P. today to schedule a free confidential consultation. We will explain your options, and you will be under no obligation to hire us.

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.

Client Testimonials

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.

Thank you for getting us through a difficult time. Your assurance and guidance made it more tolerable for us. You are exceptional at trust-building. We truly appreciate all you did for us!

-S.B.

You are good lawyers. You did exactly what you said you were going to do. You always told me the truth, and never made my situation seem better or worse than it was. You are my friends.

-B.R.

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Plano Office
555 Republic Drive
Suite 101
Plano, Texas 75074
972.608.0335 - ph.

Sherman Office
905 North Travis
Sherman, Texas 75090
903.813.4778 - ph.

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