Learn The Truth About Chapter 7 Bankruptcy

The idea of filing for bankruptcy can invoke many emotions. You have heard that Chapter 7 bankruptcy will give you a "fresh financial start." At the same time, you worry that your credit will be hurt and your financial situation will go even further south than it is right now.


Yes, bankruptcy will give you a fresh financial start. No, it does not destroy your credit. Although a bit counter-intuitive, after filing bankruptcy your debt to income ratio will do a complete 180. You will no longer be considered as a high risk to default on future loans. As a result, your credit score should rise dramatically within weeks after filing.

Thousands of people across the country file bankruptcy every single day due to large credit card debt, extensive medical bills, job loss, fear of losing their home or cars, and other burdensome debts. Filing Chapter 7 bankruptcy helps you get back on your feet and build a fresh financial future while protecting the assets you have worked hard to acquire.

Our legal team understands what you are going through. We will take the time to answer your questions and discuss your options. Since 1974, we have been dedicated to providing compassionate, knowledgeable bankruptcy advice for people throughout North Texas. Please contact us for a free and confidential consultation at one of our convenient law offices.

Why File Chapter 7 Bankruptcy?

We often recommend Chapter 7 bankruptcy for our clients that qualify. Typically, it gets you back on your feet very quickly. In a Chapter 7, we normally file your bankruptcy and have your meeting with the Trustee within 30 days. You should receive your discharge within 60 days thereafter and you will be out of bankruptcy speeding down the road to financial recovery and away from the stress of debt.

Contact Our Experienced Chapter 7 Bankruptcy Attorneys

You do not risk anything when you schedule a free consultation with Pelley Law Office, L.L.P. You will be under no obligation to hire us after speaking with Mr. Pelley. During that consultation, he will evaluate your situation and discuss all of your debt relief options, including Chapter 7 and Chapter 13 bankruptcy. Please call 972-608-0335 or contact us online today to learn how we can help.

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