Plano and Dallas, Texas Bankruptcy Lawyer
Problems with debt are a reality for more and more people these days. The easy availability of credit has made it all too easy to slip further and further into debt in a relatively short period of time. As a result, bankruptcy filings have reached record numbers in recent years as more and more people are forced to seek legal help in dealing with their financial problems.
Bankruptcy Options
- Chapter 7 - click here to learn more
- Chapter 11 - click here to learn more
- Chapter 13 - click here to learn more
Should You File for Bankruptcy? - click here to learn more
New Bankruptcy Laws: Bankruptcy is a federal court process designed to help individuals and businesses eliminate their debts or repay them under the protection of the bankruptcy court. Bankruptcies can generally be described as liquidation or reorganization. Under a liquidation bankruptcy (Chapter 7), a claimant files to eliminate debt through the bankruptcy court. Under a reorganization bankruptcy (Chapters 13), a claimant files a plan with the bankruptcy court proposing how to repay creditors.
As of October 17, 2005, the requirements in which a debtor may file Chapter 7 bankruptcy have changed under the Bankruptcy Abuse Prevention and Consumer Protection Act. Debtors are required to seek budget and credit counseling six months prior to filing, financial “testing” is required to determine the debtor’s capacity for debt repayment. State exemptions cannot be applied unless the debtor has resided at current residence for over two years.
Michael S. Mitchell, PC is experienced in assessing and offering realistic options to help you deal with your growing financial difficulties. Whether you feel that you are drowning in debt, or even if you simply have a feeling of unease about your ability to continue to meet your debt obligations, we will assist you in choosing the financial course of action that is best for you.
Michael S. Mitchell, P.C. - Plano Texas bankruptcy lawyer serves the following cities and counties:
Cities: Plano, Allen, McKinney, Frisco, Lewisville, Sherman, Dallas, Denton, Carrollton, Farmers Branch, Flower Mound, The Colony, Richardson, Addison, Fort Worth, Grapevine, Greenville, Irving, Cedar Hill, Garland, Grand Prairie, Kaufman, Lancaster, Mesquite, Pilot Point, Rockwall, Rowlett, Sachse, Little Elm, DeSoto, Duncanville, Melissa, Princeton, Coppell, Ennis, Forney
Counties: Collin, Denton, Dallas, Rockwall, Kaufman, Ellis, Henderson, Smith, Tarrant, Grayson, Cooke, Hunt, Fannin
Michael S. Mitchell, P.C. is a Plano, Texas law firm founded on and dedicated to providing superior client services for both family and business oriented needs. The Firm also provides counseling on litigation, and commercial matters. Unless otherwise noted - attorneys not certified by the Texas Board of Legal Specialization.
To learn how Michael S. Mitchell, PC can help you, schedule a free consultation to discuss your specific situation, call 1-866-740-1998.



