Feeling overwhelmed by debt? You’re not alone.
Whether it’s medical bills, credit cards, job loss, or rising living expenses, financial stress is affecting families across Dallas–Fort Worth. At Wallace Law, PLLC, we help individuals and couples find lasting relief through Chapter 7 bankruptcy—a powerful legal tool designed to give you a fresh start.
Here’s what you need to know if you’re considering filing Chapter 7 bankruptcy in Dallas, Texas in 2025.
What Is Chapter 7 Bankruptcy?
Chapter 7 is known as a “liquidation” bankruptcy. It allows qualifying individuals to eliminate most unsecured debts—like credit cards, medical bills, and personal loans—in as little as 90 to 120 days after filing.
You don’t need to lose everything. Texas law offers generous exemptions to protect your:
- Home (homestead)
- Car (one per licensed household member)
- Retirement accounts
- Personal belongings and household goods
Most of our clients keep everything they own and walk away debt-free.
Who Qualifies for Chapter 7 Bankruptcy in Texas?
To qualify, you must pass the means test, which compares your income to the median household income in Texas. In 2025, many middle-class families and single earners still qualify, especially after job loss, divorce, or a medical event.
You may be a good candidate for Chapter 7 if:
- You have mostly unsecured debt (e.g., credit cards, payday loans)
- You’re behind on bills and can’t catch up
- You’re facing lawsuits, wage garnishment, or collection calls
- You don’t have significant equity in non-exempt assets
What Chapter 7 Can (and Can’t) Do
✅ Debts Chapter 7 Can Discharge:
- Credit card balances
- Medical bills
- Utility arrears
- Payday loans
- Deficiency balances on repossessed vehicles
❌ Debts Chapter 7 Usually Can’t Discharge:
- Most student loans
- Child support and alimony
- Certain tax debts
- Court fines or restitution
Every case is unique, and our Dallas bankruptcy attorneys can help you understand exactly what relief you qualify for.
What Happens Once You File?
Once we file your case:
- The automatic stay goes into effect immediately
- Creditors must stop contacting you, suing you, or garnishing your wages
- A trustee is appointed to review your case
- You’ll attend a brief 341 meeting (creditor meeting), usually via phone or video
- Most clients receive their discharge within 90 to 120 days
How Much Does It Cost to File Chapter 7 in Dallas?
At Wallace Law, PLLC, we offer flexible payment plans. Once we’re retained—which can be for as little as $500—we can begin gathering your information and preparing your case. The remaining balance can be paid over time.
Unlike debt settlement companies, we are licensed attorneys who protect your rights under federal law.
Serving Dallas–Fort Worth with Compassionate Legal Help
We understand that bankruptcy isn’t just a legal decision—it’s a personal one. At Wallace Law, PLLC, we’ve helped countless individuals in Dallas, Plano, Frisco, and beyond reclaim their peace of mind through honest, compassionate legal guidance.
You deserve a fresh start—and we’re here to help you take it.
📞 Call Wallace Law today at (214) 706-9191 for a free consultation
📍 Proudly serving clients in Dallas, Fort Worth, Arlington, North Dallas, Richardson, Farmers Branch, Grand Prairie, McKinney, Plano, Richardson, Garland, and the entire DFW area.
