Personal Bankruptcy – Business Bankruptcy – Chapter 7 – Chapter 13 Attorneys serving clients in Bedford, Dallas, Fort Worth, Arlington, Grand Prairie, Irving, Weatherford, Mesquite, Plano TX
Debtors who file a bankruptcy petition often know little or nothing about the about the bankruptcy process. Creditors are also lacking in knowledge about the proceedings and how payments are distributed among creditors. Having a resource to define legal terms involved in bankruptcy may help to familiarize clients with bankruptcy and shed some light regarding the process.
Legal terms used in cases filed under the Bankruptcy Code include the following: