Things You Don’t Want to Do Before Filing for Bankruptcy

Actions that Could Jeopardize Your Right to Protection in Bankruptcy You've run into some financial challenges—maybe your job was affected by COVID or you've racked up significant medical bills due to an injury or illness. You've tried to remedy the situation, but you can see no way forward other than through a personal bankruptcy filing. Don't be … [Read more...]

Avoiding Preference Actions in Bankruptcy

The Potential Consequences of Selectively Paying Off Creditors before Bankruptcy If you're struggling to make ends meet—you've lost your job because of the pandemic, you've racked up medical bills because of an injury or illness, or you've lost just about everything in a divorce—you may have decided that your best way forward is with a personal … [Read more...]

Chapter 7 Bankruptcy—The Basics

What Will It Accomplish for You? What Are the Limitations? If you're facing financial challenges, whether you've lost your job in the pandemic, suffered an unexpected injury or illness, or gone through a costly divorce, you may be considering a personal bankruptcy filing to help you get a fresh start. That's what the laws are there for. One of … [Read more...]

How to Know if You Need to File for Bankruptcy Protection

The Telltale Warning Signs Most of us struggle with finances at some point in our lives. We may have an unexpected illness that makes it difficult or impossible to work, or leads to significant unreimbursed medical expenses. We may go through a divorce or lose a job, or we may simply miscalculate our income and expenses. When is the situation such … [Read more...]

Qualifying for Chapter 7 Discharge of Debt in Texas

Meeting the Requirements to Permanently Rid Yourself of Debt When you’re struggling to meet your personal financial obligations, there are two types of bankruptcy filings that may be open to you: the permanent discharge of debt under Chapter 7, and the restructuring or reorganization of debt under Chapter 13. Under current law, you must qualify to … [Read more...]

Getting Past the Stigma of Filing for Bankruptcy Protection

Bankruptcy is Not a Sign of Failure | The Benefits of a Personal Bankruptcy You’ve lost your job because of the pandemic, or you’ve suffered a serious injury or illness, incurring thousands of dollars in medical bills that aren’t covered by insurance. The bankruptcy laws are there to protect you, to give you a chance at a new start, but you’re … [Read more...]

The Texas Bankruptcy Exemptions

The Property that Can Be Protected When You File for Bankruptcy in Texas When you qualify to file for protection under Chapter 7 of the bankruptcy laws, you can permanently discharge many debts in exchange for transferring some of your assets to the bankruptcy court, to be sold to satisfy your creditors. Some debts, such as child support, cannot … [Read more...]

No-Asset Bankruptcy in Texas

What Is a "No-Asset" Bankruptcy? How Is It Different from Other Chapter 7 Filings? If you have decided to file for protection under the bankruptcy laws, and qualify for a Chapter 7 discharge of your debts, one of the first things you'll need to do is provide the bankruptcy court with an inventory of your assets. As a general rule, those assets … [Read more...]

Can Tax Arrearages Be Discharged in Bankruptcy?

Can You Get Rid of Tax Debt in a Chapter 7 Filing? Do you have an unpaid personal income tax debt that's been hanging over your head for a while? Are you struggling to meet your other financial obligations, with the tax arrearage simply adding to your challenges? Have you considered filing for personal bankruptcy protection? Can a Chapter 7 … [Read more...]

Can I Discharge a Student Loan in Bankruptcy?

Permanently Ridding Yourself of Student Loan Debt According to recent statistics, the average amount of student loan debt is more than $32,000 per borrower. With the economic challenges brought on by the pandemic, about one in every six persons with a student loan is in default and many more are struggling to stay current. If you have substantial … [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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