How to Avoid Getting Disqualified for the Protections of the “Automatic Stay”

Very rarely the filing of a bankruptcy will NOT stop creditors from chasing the debtor. Here’s how to avoid this happening to you. The Essential “Automatic Stay” In just about every bankruptcy case, stopping creditors from pursuing you and your assets is a crucial part of what you get for filing the case—regardless whether it’s a Chapter 7 or … [Read more...]

Important Exceptions to the Protections of the “Automatic Stay”

Virtually all actions by creditors to collect the debts you owe are stopped the minute you file bankruptcy. Here are some special exceptions. The “Automatic Stay” The immediate stopping of collections—called the “automatic stay”—is one of the most important benefits of filing bankruptcy. It’s automatic because it is put into operation by the … [Read more...]

Saving Your Home through Another Five Powerful Tools of Chapter 13

Last week’s blog gave you 5 important ways Chapter 13 can save your home. Here are 5 more. You won’t likely ever use all of them, but each one can make a huge difference. 6. Get lots more time to sell your home. If you need to sell your home but are now or expect soon to be under threat of foreclosure, Chapter 13 usually gives you much more time … [Read more...]

What Does it Take to Qualify to File a Chapter 13 Case?

Chapter 13 “adjustment of debts” has some extraordinary advantages over Chapter 7, in the right circumstances. How do you qualify for those advantages? You can file a Chapter 13 case if: the amount of your debts does not exceed the legal debt limits you are “an individual with regular income” Debt Limits Under Chapter 7 there is no … [Read more...]

5 Truths about Qualifying to File a Chapter 7 Case

These 5 realities will set the record straight about who can file a “straight bankruptcy Chapter 7 case. One of the biggest areas of confusion about bankruptcy is whether or not you qualify to file a Chapter 7 case. If it’s the right tool for you, the odds are very high that you quality. The following five points get right to the heart of what … [Read more...]

The Sometimes Easy, Sometimes Not So Easy, Choice Between Filing Chapter 7 or 13

Although the Chapter 7 and Chapter 13 options are quite different, that doesn’t always mean it’s an obvious decision. The Not Always So Easy Choice Once it is clear that you need bankruptcy relief, picking the right Chapter to file can be simple. Your circumstances may all point towards one option or the other. But sometimes it can be a very … [Read more...]

Bankruptcy Simplified

Bankruptcy is a legally and morally valid option for addressing your debts in an honest and realistic way. It gives consumers two primary choices—Chapter 7 “straight bankruptcy” and Chapter 13 “adjustment of debts”—along with other less common ones. Within those two, you usually have specific options about how to deal with certain creditors. … [Read more...]

Is My Income Low Enough to Pass the “Means Test” and Be Able to File a Chapter 7 Case in Texas?

The Easiest Way to Pass the “Means Test” Most people who want to file a Chapter 7 “straight bankruptcy” can do so. Most pass the qualifying “means test” because their income is low enough. If you live in Texas, the next few paragraphs will give you a very good idea if your income qualifies you. Start by Defining Two Terms The “Means Test”: an … [Read more...]

Saving Your Home through Five Powerful Tools of Chapter 13

Chapter 13 is known as the home-saver. It provides a set of tools, each of which solves a different problem. It gives you a powerful combination. Here are five of those tools: Catch up on your mortgage arrearage, flexibly and while protected. You have the length of your Chapter 13 plan–as long as 5 years—to pay your mortgage back … [Read more...]

Getting Your “Debtor Education” Before Completing Your Bankruptcy Case

During the 180 days before filing bankruptcy, you must go through an easy “credit counseling” course to be able to file your case. Then after filing bankruptcy, you must also complete “an instructional course concerning personal financial management” before you can get a discharge (legal write-off) of your debts. This second step is usually … [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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