Reasons Why Your Chapter 7 Filing May Be Denied

: Chris Lee Law Firm

  Filed under: Chapter 7

Chapter 7, dismissal, dismissed, law firm, bankruptcy, attorney, attorneys, lawyer, lawyers, dallas, texas, tx, fort worth, mckinney, hurst, law firm, tx, bankruptcy process, debt collector, chapter 13,The best thing about a Chapter 7 bankruptcy is that you have the ability to eliminate certain types of unsecured debts that may be holding you back, such as unpaid medical bills and other debts such as personal loans that are unsecured and even credit card debt.

If the court rules in your favor and grants the application you will receive an immediate stay from those creditors, meaning they will not be able to contact you with any more harassing calls or intimidating letters until the case is resolved. It is for this reason, that the debtor has most of the recourse and that the courts will refuse to grant the petition if the debtor has not followed the rules as they apply.

One of the common ways of getting your petition refused is by not completing the mandatory financial credit counselling courses that are mandatory for the debtor to complete. Another is by trying to hide any property or assets from the courts before or during the process. So transferring property to a friend or family member in order to hide it from the courts will be severely frowned upon and may well result in the courts tossing your petition right out the window.

Contact and discuss your situation with a qualified bankruptcy attorney in Dallas before you make any decisions and they will guide you in the right direction and help you steer well clear of any pitfalls that you may encounter.


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