Filing Multiple Bankruptcy Petitions

What is the Impact on the Automatic Stay One of the most attractive features of the American bankruptcy laws is the automatic stay. Under this provision, once you file for protection, your creditors cannot harass you in any way in an attempt to collect payments on the debt. That includes phone calls, letters or legal action, other than through the … [Read more...]

Can You File for Bankruptcy Again?

Your Right to File Multiple Bankruptcy Petitions It can happen to just about anyone—you have an unexpected medical emergency that's not fully covered by insurance or you lose your job and it takes a while to find a new one. That's one of the reasons we have the bankruptcy laws in place—so that you can get a fresh start. But is bankruptcy a … [Read more...]

Happy Halloween!

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What a Discharge in Bankruptcy Really Means

When you seek protection under Chapter 7 of the bankruptcy laws, you can permanently "discharge" certain debts in exchange for the sale of some of your personal property. In fact, you may even be able to discharge some debt in a Chapter 13 reorganization. What is a discharge? What does it mean and what doesn't it mean? In essence, a discharge … [Read more...]

Reaffirming a Debt in a Bankruptcy Proceeding

When you file for protection under Chapter 7 of the bankruptcy law, the court can seize non-exempt assets to sell and pay off your creditors. However, if you have personal property not covered by the exemptions, and you want to protect that property, you can choose to "reaffirm" the debt on that property. What Is Reaffirmation of a Debt? In its … [Read more...]

How to Respond When You Have Been Sued for a Fraudulent Transfer in Bankruptcy

Some Tips When You Have Been Sued for Making a Fraudulent Transfer in Bankruptcy When you seek protection under the bankruptcy laws, you must comply with extremely stringent restrictions regarding the transfer of assets before and after your filing. If the bankruptcy trustee or the court has credible evidence that you improperly transferred … [Read more...]

Cancellation of Debt as Income

Here's something that may surprise you if you're trying to get a creditor to forgive or discharge a debt that you owe them, particularly if it's a mortgage lender or a company that has extended you some form of credit—if the debt is discharged, you may be required to claim the amount forgiven as income on your next personal tax return! But wait a … [Read more...]

What Bankruptcy Cannot Do for You

A Chapter 7 (liquidation) or Chapter 13 (reorganization) filing offers many benefits—relief from harassment by creditors, the opportunity to wipe out unsecured debt (if you qualify) and a chance to restructure your debt so that you can meet your financial obligations. But it's not a panacea—there are limits on the extent to which a personal … [Read more...]

What Bankruptcy Can Do for You

The federal bankruptcy laws were enacted to help men and women get a second chance, but they're not a cure-all for financial problems. There are specific limits to the extent to which a bankruptcy filing can help you resolve financial challenges. The Ways a Bankruptcy Filing Can Help One of the most important components of the bankruptcy law is … [Read more...]

The Means Test in a Chapter 7 Bankruptcy Filing

There's a common and persistent misunderstanding about the U.S. bankruptcy laws—one that insists that anyone can file at any time and escape liability for their debts. In fact, under the considerable revisions to the bankruptcy laws in 2005, anyone seeking to permanently discharge debts in a Chapter 7 proceeding must first qualify by submitting to … [Read more...]

Call Rockwall bankruptcy lawyer Carrie Weir at 972-772-3083 or fill out the contact from below for a free, confidential consultation to discuss your options.

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Consumer Bankruptcy

Can I keep my car? Will bankruptcy stop a foreclosure? Will I ever be debt-free again? How will I ever pay these medical bills?

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Chapter 7 Bankruptcy

If you want to stop creditor harassment, eliminate repossession debt, stop garnishments and keep your house, and car, a Chapter 7 bankruptcy could help.

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Chapter 13 Bankruptcy

Are you in jeopardy of losing your house? Are you making good money but everyone is asking for payment right now? Do you want or need to stop collections?

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