Allmand Law Expands As Dallas-Fort Worth Economy Falters

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Allmand Law which opened its doors in April 2011, has expanded their operations by adding nine new employees, including two new attorneys, Travis Perez and Robert Arrellano.

Allmand Law (http://www.allmandlaw.com) which opened its doors in April 2011, has expanded their operations by adding nine new employees, including two new bankruptcy attorneys, Travis Perez and Robert Arrellano. The offices located at 5646 Milton Street, Ste. 120 Dallas, Texas 75206, and 5601 Bridge Street # 300, Ft Worth, TX 76112 were opened to offer easy access for Dallas residents seeking an in-person bankruptcy consultation and service. The move comes on the heels of a worsening economy in the Dallas-Fort Worth area. Joblessness and foreclosures offer the most dismal numbers despite claims in Washington that the recession has ended and that the economy is in a recovery.

Over 12,000 job losses in Texas this year alone paints a different picture of the local economy according to Allmand Law’s managing partner Reed Allmand.
“With the number of job losses hitting the Dallas-Fort Worth area on the rise, it’s inevitable that the number of people seeking bankruptcy relief will increase,” Allmand said. “It’s one of the main reasons that we decided to increase the number of attorneys and general staff servicing bankruptcy filers – we wanted to provide service to the increased number of customers while never compromising quality.”

Allmand predicts that the company’s expansion will allow Allmand Law’s existing bankruptcy attorneys to maintain reasonable caseloads and to commit the maximum amount of attention to each case. Many cases arriving at the offices of Allmand Law can be complex as both mortgage servicers and credit card companies become more aggressive with their collections efforts. Dallas-Fort Worth foreclosures, which stood at over 65,000 at the end of 2010, are creating the surge of more complex bankruptcy cases which even the savviest debtors can’t handle without the assistance of an attorney.

“One of the biggest problems we’re seeing as the real economy continues to suffer is the aftermath of botched bankruptcy filings,” Allmand said. “Many debtors with complex bankruptcy cases have used incompetent filing services or attempted to represent themselves; but because of their lack of legal knowledge, many manage to worsen their financial situation.”

Because the bankruptcy trustee is not obligated to educate uninformed debtors, many bankruptcy debtors without an attorney lose money because of their misunderstanding of exemptions, the automatic stay and other rights specific to bankruptcy. This lack of knowledge and bankruptcy representation can leave debtors vulnerable to creditors who are equipped with knowledge of the bankruptcy law and an army of their own attorneys. Allmand worries that legally savvy creditors are poised to take advantage of uninformed debtors rushing to file bankruptcy on their own because of their economy. Because of this he has committed part of his expansion efforts to educating the general public about their rights in bankruptcy.

“Information is important when making a decision about bankruptcy,” Allmand said. “Informed debtors make the best decisions about their financial lives and their need for bankruptcy. As a bankruptcy attorney committed to helping good people get a fresh start, it’s part of my job to offer the information debtors need to make good decisions.”
And making good decisions has become one of the core goals of the Allmand Law bankruptcy attorneys as they prepare to help Dallas-Fort Worth residents get a fresh financial start.

Reed Allmand is a Board Certified Consumer Bankruptcy Attorney, the managing partner of the law firm Allmand Law and NACBA’s State Chair for the Northern District of Texas. He has been practicing bankruptcy law for nearly 10 years and has handled more than 3,000 bankruptcy filings. Allmand has appeared on “Money for Breakfast” on Fox Business News is the author of, “The Truth about Bankruptcy.” To speak with Mr. Allmand or to schedule an interview, please call (214) 265-0123.

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Tiffany Denlinger
Allmand Law
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