Bankruptcy Attorney Dallas | Bill Payne

Struggling with Overwhelming Debt? Whether You’re an Individual or Business, It May Be Time to Find a Chapter 7, 11, 12 and 13 Bankruptcy Lawyer in Dallas

Rough financial times happen to businesses and individuals. Your financial state is not in your control. Important clients leave without warning. You suddenly lose your job. But, in both cases, your bills don’t stop coming.

The amount of debt you amass becomes overwhelming. You don’t have the ability to repay it. Your creditors continue to call and send you letters. You can’t negotiate a repayment strategy that works for both you and your creditors. Your creditors don’t consider what you owe other creditors. Sometimes, you have more creditors than you can even keep track of.

Massive debt is a difficult, stressful problem that you need help navigating. You should consider all options both inside and outside bankruptcy.

What Types of Bankruptcy Can You File?

When considering bankruptcy, you should be aware of the various chapters available to you. These include:

  • Chapter 7 Primarily used for individuals, is a liquidation proceeding in which the debtor's non-exempt assets, if any, are sold by the Chapter 7 trustee and the proceeds distributed to creditors according to the priorities established in the Code. Eligibility to file Chapter 7 is determined by the means test instituted with the 2005 amendments to the bankruptcy code.
  • Chapter 11 Allows businesses to reorganize their debt structure and repay creditors pursuant to a plan. This allows companies to continue operations. In some cases, individuals may file Chapter 11.
  • Chapter 12 Allows farming and ranching, individuals and companies to reorganize and restructure.
  • Chapter 13 Allows you to reorganize your debt, if you have regular income, allowing you to repay all or a portion of your debt, by way of installments up to five years.

Deciding to file bankruptcy is difficult. You’re not sure what’s going to happen. Will you lose your home? What about your cars? Will your business have to close its doors? Will you have to lay off employees? Will you get fair treatment from your creditors? Whether you’re a private citizen or a business, how’s it all going to work out?

When You Feel Like You’re Just Trying to Get Some Financial Breathing Room, It’s Time to Consider Bankruptcy Attorney Bill Payne and Getting a Fresh Start

When your mind is full of questions and fears about the future of your business or personal finances, bankruptcy attorney Bill Payne comes in. I guide you through the process so you get fair treatment and maximum protection of your income and assets.

I have represented several thousand clients in Chapters 7, 11, 12 and 13, as well as in financial restructures outside bankruptcy and representation of bankrupt estates. I am admitted to practice in the U.S. District Courts, and Bankruptcy Courts of the Northern and Eastern Districts of Texas, and am also licensed by the Texas Supreme Court. I practice bankruptcy law and financial restructures exclusively, so you can trust my specialized experience.

Call For Your Free Consultation Today

I have more than three decades of experience performing bankruptcies in Dallas and throughout North and Northeast Texas. I’ll help you explore all your financial options so you can make the best decision for your situation.

When you consult with my firm, you will receive personal service you can depend on. I’m here to listen to you and help you understand this challenging journey, and make the process easier for you.

Emotions can run high when you find yourself in the middle of a financial crisis. I am here to help lessen your stress. Whether you’re a business or individual, I’ll review your financials and provide options that do and don’t involve bankruptcy.

You will understand the differences in the various chapters of bankruptcy and feel secure in the chapter recommended for you. I will be here every step of the way. My legal assistant, Brandy Terry, has over 20 years of experience in bankruptcy. She is ready, willing and able to help you. Your first consultation is free.

Please call 972-628-4905 or email Brandy at to schedule your free consultation today.

Based in Dallas, I serve clients throughout the Metroplex and all of North Texas.


Schedule A Free Consultation

or call us at 972-628-4905

Chapter 7 Bankruptcy

Chapter 7 is the most common way to obtain a fresh start. It does not involve a plan of repayment. To qualify a debtor must be an individual, married couple, a partnership or a corporation… Read More

Chapter 7 Bankruptcy

Chapter 11 Bankruptcy

A Chapter 11 provides for reorganization and debt restructure, usually involving a corporation or partnership. A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time… Read More

Chapter 11 Bankruptcy

Chapter 13 Bankruptcy

A Chapter 13 bankruptcy is also called a wage earner’s plan. It enables individuals or married couples with regular income to develop a plan to repay all of part of their debts. A corporation or Partnership may not be in a Chapter 13…Read More

Chapter 13 Bankruptcy

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