The Chicago Tribune reports in an article titled, “If you’ve tried your best, bankruptcy can be a viable, survivable option” that Cate Williams, vice president of financial literacy for Money Management International, predicts a surge in bankruptcy filings through March of next year. Most people in financial trouble will do just about anything to avoid filing bankruptcy. They sometimes wait until long after they are mathematically broke.

Williams says, “We really see people just doing Herculean efforts: living in the basement of mom’s house, selling prized possessions on eBay. People will do absolutely everything.”

You may have already past the time to file bankruptcy. Do you answer any of these questions with a “yes?”

• Do you have a high amount of unsecured debt, including credit cards?
• Are you unable to reduce your total debt most months?
• Is your property going to be foreclosed on?
• Is the repo man looking for your car?
• Are your creditors harassing you?
• Do you owe medical bills?
• Do you have any judgments against you?
• Are you having IRS problems?

The U.S. Courts provide a series of Bankruptcy Videos that explain the process of filing bankruptcy. If you are worried about your financial situation, consider Ted Machi & Associates, P.C.’s FREE On-line Bankruptcy Evaluation.

Some people in Dallas think you can’t file bankruptcy anymore, but you can. Under Bankruptcy reform, there is a “means” test calculated partly on IRS Collection Standards, which are figures the IRS uses to determine acceptable levels of expenses when calculating what a delinquent taxpayer can afford to pay on a tax repayment plan. Don’t believe you can’t file because of the reform laws recently passed, speak to a Dallas Bankruptcy Lawyer.

Are you avoiding the phone because you know it may be collectors looking for money you don’t have. Filing bankruptcy in Texas can stop the unwanted attention and allow you to feel comfortable in your own home again. One of the advantages to filing bankruptcy is by law the harassing letters and phone calls have to stop.

Our bankruptcy attorneys have extensive knowledge not only of bankruptcy case law but of the bankruptcy courts and bankruptcy trustees in North Texas. As a result, we can give you a good idea of the outcome of your case before you file bankruptcy, and help you decide if bankruptcy is right for you.

What is a Board Certified Attorney*? A Board Certified Attorney* is one who has demonstrated special competence in a particular field in which the Texas Board of Legal Specialization has certified his competence. If you are searching for a bankruptcy lawyer the Dallas/Fort Worth metroplex. Consider Ted Machi and Associates, P.C. in Arlington or Mansfield.

A Dallas Bankruptcy lawyer provides way for individuals to get a fresh start by discharging or reorganizating their debts. Title 11 of the United States Code provides the legal basis for Bankruptcy in the United States.

Finding a Dallas Bankruptcy lawyer is easy; call the bankruptcy attorneys and staff at Ted Machi and Associates, P.C. to evaluate your situation.

We will continue to provide Dallas bankruptcy information here.