There Is No Perfect Time to File Bankruptcy in Texas

There are many events in our lives that have a “best time of year” to do them in. There are times when planting a garden is better than others, and it’s probably a better idea to work on your tan in the summer rather than the dead of winter – but what about filing for bankruptcy? 

Bankruptcy filings are not seasonal; the time of year you decide to file for bankruptcy in Texas really has nothing to do with whether or not your case will be more or less successful. About the only thing that can be said about the time of year in regard to filing is that there are some trends that don’t seem to have any impact on the results of a bankruptcy.

Historically, personal bankruptcies are a bit more popular during the start of the year right before tax refunds are awarded. This is because many who file for bankruptcy use their tax return to fund the bankruptcy costs. Another trend is that filings tend to increase near the end of the month. There are several possible reasons for this including current bankruptcy laws and foreclosure filing schedules.

You shouldn’t rely on trends to make the decision of whether or not to file bankruptcy. A Texas bankruptcy attorney can help you determine when bankruptcy is the right option for you and lead you through the necessary steps to make your bankruptcy filing as stress-free as possible which can involve:

• strategically paying off certain monthly expenses;
• gathering the proper proof of income; and
• taking care of other necessities before your petition for bankruptcy is filed.

Instead of worrying about whether you should delay your filing to the next month or not you should be taking your case to a Dallas bankruptcy attorney for solid advice.

The Best Time to File Bankruptcy is after Talking to a Bankruptcy Attorney

Don’t file a Chapter 7 or Chapter 13 bankruptcy without talking to an experienced Dallas bankruptcy attorney first. Impulsive actions could lead to delays in your case or problems down the line that could have been easily prevented. By discussing your situation with an attorney you may find you have other options as well.

At Warren & Migliaccio, L.L.P. our Dallas bankruptcy attorneys want to help you make the best financial decisions for your situation. We’ve helped clients file Chapter 7 and Chapter 13 bankruptcy and work toward rebuilding a new credit history. We also provide guidance for homeowners facing foreclosure, and debtors being harassed by collection agencies.

We offer a FREE no cost consultation to discuss your reasons for filing bankruptcy. With the help of our attorneys you can make informed decisions about your financial future and work on getting your life back on track. Call us at 1-888-584-9614 or contact us online to schedule an appointment today.