When you need a bankruptcy lawyer in Dallas, Texas, contact Price and Price Law Firm
When finances are out of control, it’s easy to feel as though you are drifting without a paddle. Bankruptcy is complicated and you need expert counsel. At Price and Price, we are Board Certified Consumer Bankruptcy Attorneys and we help clients navigate the chapter 7 bankruptcy and chapter 13 bankruptcy processes.
When you need a bankruptcy lawyer in Dallas, Texas, contact Price and Price Law Firm
When you have questions about chapter 7 or chapter 13 bankruptcy, whether you are just starting the process or have been in your case for a while, you want to make sure your bankruptcy attorney is committed to guiding you and helping you for the duration of your case. At Price and Price, we strive to keep clients informed and offer multiple channels of communication.
When you need a bankruptcy lawyer in Dallas, Texas, contact Price and Price Law Firm
Sometimes, a major life event has wrought such havoc that individuals and businesses find themselves in financial crisis. Chapter 7 or Chapter 13 Bankruptcy can give the opportunity to find relief from debt, give you a fresh start and leave your financial past exactly where it belongs; the past.
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Meeting during COVID-19
At Price and Price, we know you want to meet with your attorney safely. We are able to communicate and meet with our clients remotely.
Worried about meeting an attorney during COVID-19?
Read below for details about Coronavirus precautions
Check out our COVID-19 webpage. Where we explain more about bankruptcy options available during the outbreak
We can conduct Initial Consultations in-person, over the phone or using ZOOM, whichever means is most comfortable for you. Contact us for your Free Consultation.
Until further notice, the Bankruptcy Court in the Northern District of Texas has temporarily waived the “wet signature” requirement regarding bankruptcy documents and is allowing e-signatures.
Currently, Bankruptcy Meetings are held remotely. If required to verify documents, such as your license or social security number prior to the meeting, me may be able to do so via ZOOM or in person with masks.
Bankruptcy Attorneys in Dallas, Texas
Board Certified Consumer Bankruptcy Lawyers
At Price and Price, we are Board Certified Consumer Bankruptcy Lawyers in Dallas, Tx. We are experts in consumer bankruptcy law by the Texas Board of Legal Specialization. However, being a lawyer is more than completing paperwork and going to court; we love helping people and counseling our clients. As attorneys, we know you have questions and need guidance through the bankruptcy processes. If you are facing overwhelming debt, repossession, foreclosure, a lawsuit, judgment or another life-change which has caused you to fall behind on your bills and consider bankruptcy, contact us for your free consultation. We may be able to help you move forward and obtain your fresh start.
Get to know our firm on our “About Us” Page
At Price and Price, we help people file Chapter 7 and Chapter 13 Bankruptcy and have done so proudly for over 39 years. We are a debt-relief law firm under the bankruptcy code.
We help people reorganize debts and stop repossessions, foreclosure, garnishments and creditor harassment by using the Bankruptcy Code. We are Board Certified Consumer Bankruptcy Attorneys who are specialized in Consumer Bankruptcy Law by the Texas Board of Legal Specialization. We are experts in Chapter 7 Bankruptcy and Chapter 13 Bankruptcy. This means we are familiar with the financial difficulties consumers, such as individuals, families and small businesses, face every day. Combined, Billy Price and Megan Price have handled over 5,000 bankruptcy cases. We have the experience, the knowledge and the skills to help you use bankruptcy to meet your financial goals. Your success is important to us. Since the majority of our clients are referrals, we strive to live up to our reputation. We know you’ll report back to the client who referred you to our office, and we do our best to make sure you can report positively. Billy Price and Megan Price are also Board Certified in Consumer Bankruptcy Law by the Texas Board of Legal Specialization. This means the State of Texas deems them experts in Consumer Bankruptcy Law.
As bankruptcy attorneys, we realize your life is complicated and perhaps things haven’t worked out as you would have liked. Running a law practice, we understand what it’s like to own your own business and this gives us special insight when dealing with our business bankruptcy clients.
However, we also firmly believe each case is equally important. As a result, we make a special effort to give each of our clients one-on-one attention. We understand that a person wanting to save a business expects and deserves the same service as a person who wants to save a home or the person who simply wants to stop receiving harassing creditor phone calls. We understand you are not only looking for an attorney, but also a counselor at law. Since each of our clients is a valuable part of our practice, Billy Price and Megan Price make an effort to return phone calls, texts and emails personally. This means you will not only meet with a Board Certified Consumer Bankruptcy Attorney in person, you will correspond with one throughout your case. You will rarely interact with a paralegal. We have found regular attorney-client contact rather than paralegal-client contact to be extremely efficient and hugely satisfactory to our clients. Bankruptcy law is complicated, and we want our clients to feel confident they have the best possible client experience and the best bankruptcy lawyer. The circumstances which brought you to consider hiring a bankruptcy attorney are stressful, but we want to make your bankruptcy case as pleasant as possible so you can enjoy your fresh start.
What It’s Like To Work With Price and Price
Board Certified Attorneys
Years A+ Rated by BBB
Years Combined Experience
Bankruptcy Cases Handled
At Price and Price, we know it is important to receive regular communication from your bankruptcy attorney. Clients can communicate with us through phone, email and text messages, all of which are saved in your file. We regularly send our clients personal emails and text messages as well as email newsletters with general information and announcements. Ready to find out more? To get started with Price and Price, complete our Contact Form so we can set your Free Consultation. We will respond shortly. We look forward to meeting you!
Did you know? The Court sets the bankruptcy attorney fees for all chapter 13 bankruptcy attorneys whether or not he or she is Board Certified. This means all chapter 13 bankruptcy attorneys charge the same rate as mandated by Court Order. We offer competitive rates for chapter 7 bankruptcy cases as well. Furthermore, the retainer includes all required bankruptcy fees including the bankruptcy filing fee, the credit counseling class, the financial management class in chapter 7 bankruptcy cases, a credit report and amendment fees for a shell petition.
BANKRUPTCY EDUCATION SECTION
Bankruptcy eBooks and Slideshows
How Can Bankruptcy Help Me?
If you have financial difficulties, such as overwhelming dept, repossession, garnishment or foreclosure, bankruptcy may be a solution.
If you have recently received a judgment and your checking account is soon to be garnished, the Automatic Stay provided by a Chapter 7 Bankruptcy or a Chapter 13 Bankruptcy can stop the garnishment. This is also true for wage garnishments.
If your property is about to be repossessed and sold by the lender, you may benefit from a Chapter 7 Bankruptcy or a Chapter 13 Bankruptcy. If the repossession is recent, you may be able to regain possession of the property and make payments via the Chapter 13 plan.
If you are facing foreclosure, Chapter 13 Bankruptcy may benefit you if your goal is to save your home and repay the arrears, while Chapter 7 Bankruptcy may be used to surrender the home to the lender without personal liability.
Small business owners may benefit through a Chapter 7 Bankruptcy or a Chapter 13 Bankruptcy depending on whether they need to liquidate or reorganize. Selecting the chapter to file may also depend upon whether the business continues to operate.
Frequently Asked Bankruptcy Questions
Curious about how bankruptcy can help you obtain a fresh start? Keep reading
Questions about bankruptcy?
At Price and Price, we know bankruptcy can be confusing. We've answered a few common bankruptcy questions here.
Although we hope you find the contents of this site helpful, the answers contained here are not a substitute for competent legal counsel. For information about your case, you can email us by completing our contact form here.
Can bankruptcy help me if my home is set for foreclosure?
Bankruptcy may be helpful if your home is set to be foreclosed. If you qualify for bankruptcy and file prior to the foreclosure, the foreclosure is stopped due to the automatic stay. This means that because you have filed bankruptcy, the foreclosing party cannot continue with the foreclosure. If you qualify, you may be able to use chapter 13 as a means to cure the mortgage arrears over a 3 to 5 year-term, called a chapter 13 plan. At the end of the chapter 13 plan, your mortgage will be current. For more information about chapter 13, click here. For other clients who do not want to keep their homes and who qualify for chapter 7 bankruptcy, they may be able to use chapter 7 as a way to surrender the home back to the lender without personal liability. Due to the chapter 7 discharge, when the lender sells the home, the lender cannot sue you for any deficiency after the home is sold. For more information about chapter 7, click here.
What if the foreclosing party is not my mortgage company?
If you qualify for bankruptcy, you may be able to use chapter 13 as a means to catch up HOA arrears, property tax arrears, an IRS lien or any other home lien just as you would mortgage arrears. For more information about chapter 13 bankruptcy, click here. If you are eligible for chapter 7 bankruptcy, you may surrender the home back to the foreclosing party. For more information about chapter 7 bankruptcy, click here.
Can bankruptcy help me if my car has been repossessed?
If you qualify, you may be able to use bankruptcy as a means to regain possession of a repossessed vehicle or to discharge the debt remaining from a vehicle sold at auction. Under Texas Law, if your vehicle has been repossessed, you have 10 days to redeem your debt. Since most people are unable to redeem an automobile loan, another option is to file chapter 13 bankruptcy. Using chapter 13, you may be allowed to repay the vehicle loan over a 3 to 5-year term, also known as chapter 13 plan. For more information about chapter 13 bankruptcy, click here. In other cases, clients do not want to regain possession of the repossessed vehicle but would like to discharge the debt left from the sale of a repossessed automobile. In those instances, qualifying Debtors may find that chapter 7 bankruptcy meets their needs because they may be able to use chapter 7 to discharge the deficiency left from the repossession sale. For more information about chapter 7, click here.
What if I have owned my vehicle longer than 910 days?
If you have owned your vehicle longer than 910 days and you qualify for chapter 13 bankruptcy, you may be able to use chapter 13 bankruptcy to pay the value of the vehicle rather than the vehicle contract rate. This is helpful because many cars have depreciated in value by the time an owner has owned the vehicle for 910 days. Even if you have not owned your vehicle for 910 days, if you qualify for chapter 13 bankruptcy and would like to include your vehicle in the plan, you can cram down the interest rate. Under bankruptcy case law, vehicles included in the plan can pay an interest rate of prime plus. Cramming down the interest rate is helpful for clients whose car notes hold a very high interest rate. For more information about chapter 13, click here.
Can bankruptcy help me if I owe the IRS?
If you qualify, a bankruptcy could help you discharge certain tax debts and repay others. Tax debt is unique under the bankrutpcy code. Even though some IRS debt is classified as unsecured, not all unsecured tax debt is dischargeable. In some cases, even when unsecured tax debt is dischargeable, the Debtor may be required to file an adversary proceeding, a lawsuit within the bankruptcy case, to discharge the IRS claim. Because of this, it is important to consult with a skilled bankruptcy attorney regarding your tax debt.
More Bankruptcy Questions?
Still have questions about how bankruptcy can help with debt relief? We have more answers
Still wondering about bankruptcy?
Many scenarios can lead to a bankruptcy filing; not just the situations we've described above.
Sometimes, a person’s reasons for filing bankruptcy are numerous and multifaceted. Bankruptcy laws are intricate and nuanced but the answers we’ve listed here are very simplistic to provide general information. For insight into your specific case, you can contact us here.
Can bankruptcy help me if I owe child support?
Child support is not a dischargeable debt; however, you may use a chapter 13 bankruptcy to repay your child support arrears over a 36 to 60-month term. You must continue your ongoing child support obligations as normal. For more information about chapter 13 bankruptcy click here.
Can bankruptcy help me with student loans?
Generally, bankruptcy is not a good option if student loans are your only financial difficulty. Student loans are only discharged under extreme circumstances and there is no recent case law in our area which discharges student loan debt. Instead, you should contact your student loan servicer and make arrangements here. If your negotiation attempts have failed and you have reached the point where your student loan lender is garnishing your checking account or wages, a bankruptcy could buy you time. If you qualify for bankruptcy, the Automatic Stay prevents the student loan servicer from garnishment efforts or other collection efforts during your case. However, interest and penalties related to your student loan debt will continue to accrue.
Can bankruptcy help me with credit card debt
If you qualify for bankruptcy, credit card debt is usually dischargeable. Credit card debt may not be dischargeable if you have used your credit cards within 90 days of filing your bankruptcy petition to purchase luxury goods worth more than $675; or taken a cash advance worth $950 within 70 days of filing your bankruptcy petition. However, the court doesn’t automatically set these purchases or cash advances aside as non-dischargeable. The creditor must file a discharge-ability complaint against you and win its complaint before the bankruptcy judge.
Can bankruptcy help me with medical bills?
Medical bills are an unsecured debt and dischargeable. If you qualify for bankruptcy, you may be able to discharge medical debt under chapter 13 or chapter 7. For more information about chapter 13 bankruptcy, click here. For more information about chapter 7 bankruptcy, click here.
Can bankruptcy help me with a broken lease?
When you break a lease, the amount you owe becomes an unsecured debt. If you qualify for bankruptcy, you may be able to discharge the debt acquired from your broken lease using chapter 7 bankruptcy or chapter 13 bankruptcy. For more information about chapter 13 bankruptcy, click here. For more information about chapter 7 bankruptcy, click here.
Need to know more?
Who files bankrutpcy?
Individuals and families might consider bankruptcy when they are facing issues such as overwhelming debt, garnishment, judgments, harassing collection efforts, repossession, or foreclosure. In these situations, the individual or family is looking for relief from debt and to save their assets from repossession or foreclosure. Chapter 7 Bankruptcy or Chapter 13 Bankruptcy can be very useful for saving assets and discharging debt, or to surrender assets back to the lender without personal liability.
As soon as a bankruptcy case is filed, a client is given bankruptcy protections by virtue of the Automatic Stay. The Automatic Stay is a Court Order which prevents a client’s creditors from taking collection actions against the client without a Court Order. In addition to the Automatic Stay, a client may be able to reorganize some debts and discharge other debts. Chapter 7 Bankruptcy and Chapter 13 Bankruptcy are very powerful tools for protecting assets, eliminating debts and obtaining a fresh-start.
Chapter 7 Bankruptcy vs. Chapter 13 Bankruptcy
Chapter 7 Bankruptcy is also known as liquidation bankruptcy or straight bankruptcy. Clients might consider Chapter 7 Bankruptcy if they are current on their secured property or wish to surrender their secured property to the lender. Chapter 7 Bankruptcy is also extremely beneficial to clients with primarily business debts or to clients with mainly unsecured debts. Usually, Chapter 7 Bankruptcy is a fairly short process and lasts 3 to 5 months unless the Chapter 7 Trustee finds there are assets to administer or a party objects to a client’s Chapter 7 Bankruptcy Discharge. However, Chapter 7 Bankruptcy has strict income and filing requirements which can put your property or your Chapter 7 Discharge at risk. To ensure proper handling of your case, make sure you speak with a competent attorney. For more information about Chapter 7 Bankruptcy, consult our ebooks above or visit our Chapter 7 Bankruptcy webpage, here.
Chapter 13 Bankruptcy is known as a reorganization bankruptcy or “wage earners” bankruptcy because clients make monthly payments to reorganize their debts. Clients might consider Chapter 13 Bankruptcy if they are behind on their secured property, such as houses and cars, or priority debts, such as child support and taxes, or do not meet the Chapter 7 Bankruptcy filing requirements. Chapter 13 Bankruptcy plans last 36 to 60 months. In a Chapter 13 Bankruptcy, the goal is to make all required plan payments so that a client’s secured property and priority debts are current and unsecured debts are appropriately reorganized when the plan is complete. As you can see, Chapter 13 Bankruptcy is very complicated. To ensure proper handling of your case, you should speak with a competent Chapter 13 Bankruptcy attorney. For more information about Chapter 13 Bankruptcy, visit our Chapter 13 Bankruptcy webpage here.
Still Have Questions?