Consumer Debt Relief

Confused About Bankruptcy? This Chart Might Help.

  Chapter 7 Chapter 11 Chapter 13
"Liquidation Chapter"      
"Reorganization Chapter"      
Reorganize Debts      
Must Repay a portion of debts      
Must pass the Means Test      
High Net Worth Individuals      
Regular Income Individuals      
Most popular for homeowners      
Most popular for businesses      
Must be approved by the Court      
Can eliminate child support obligations      
Can eliminate old taxes       
Can eliminate Student Loans      
Can keep almost everything      
Can "surrender" your home and payments      
Can "surrender" your car and payments      
Meetings of Creditors      
Must complete credit counseling course      
Must complete second financial management class      
Must attend Discharge of Debts Hearing      
Last modified on Thursday, 07 March 2013 16:52
Steven H. Phelps  

Steven H. Phelps

Mr. Phelps was admitted to the Texas State Bar in 1992. His early litigation practice was concentrated in the areas of business law, banking and financial services, real estate and labor law. Since 1995, Mr. Phelps enlarged his practice to include the areas of estate planning and title services and most importantly, personal bankruptcy.

Call Steven today to talk about your individual situation during a free consultation.

Call today for a complimentary consultation


8350 N. Central Expressway
Suite 1220
Dallas, Texas 75206

Phone: (214) 373-0880
(214) 373-3239

1636 N. Hampton Road
Suite 210
DeSoto, Texas 75115

Phone: (469) 765-1200
(469) 765-1201

This is not a law office.
You can meet with an 
attorney by appointment only.