Bankruptcy—A Great Way to Get a Handle on Medical Bills

Using Chapter 7 or Chapter 13 to Manage Medical Debt If you're facing a mountain of medical debt, with no idea how you'll manage, you're not alone. While it may be little comfort to you personally, it is consistently cited as the most frequent factor contributing to personal bankruptcy. By some estimates, more than a million people seek protection … [Read more...]

Bankruptcy Does Not Equal Failure!

There's No Stigma in Filing for Bankruptcy—It's There to Help You Back in the early part of the 19th century, a young surveyor decided to open a general store in his home town of New Salem, Illinois. The store could not turn a profit and the young entrepreneur was forced to file for bankruptcy protection. His name—Abraham Lincoln. Nearly 75 years … [Read more...]

The Federal Bankruptcy Exemptions

Protecting Your Assets When You Seek to Permanently Discharge Debts As we indicated in an earlier blog, the allowable exemptions under Texas law in a Chapter 7 bankruptcy petition are extremely generous. As a general rule, you'll be better served by claiming the exemptions under state law. Here, however, are the types and limits on property that … [Read more...]

The Texas Bankruptcy Exemptions

Protecting Property from Attachment in a Chapter 7 Filing When you seek protection under the bankruptcy laws, you can choose to permanently discharge debts under Chapter 7 or to reorganize your debt under Chapter 13. With a Chapter 7 filing, you must turn over certain assets to the bankruptcy court to be sold to pay your creditors. But that … [Read more...]

How Soon Can You Re-File for Bankruptcy in Texas?

The Waiting Period for Chapter 7 and Chapter 13 You can go through a bankruptcy proceeding with the best of intentions, pay close attention to your finances and still have difficulty meeting your obligations. Often, it's a health problem that brings you to consider filing for bankruptcy. That's no surprise and no cause for shame—it's the single … [Read more...]

Losing Your IRA in a Bankruptcy Proceeding—Can It Happen?

Can You Lose Your IRA Investment in a Bankruptcy Proceeding? The Factors that Can Put Your Retirement Assets at Risk The 2005 revisions to the Bankruptcy Code specifically excluded individual retirement accounts (IRAs) from seizure by the bankruptcy court to satisfy creditors in a Chapter 7 liquidation proceeding. The exemption, however, is not … [Read more...]

Can Chapter 13 Help You Restructure Income Tax Debts?

Using the Bankruptcy Laws to Address Personal Tax Liabilities If you have fallen behind on your taxes, you may be under the impression that you cannot use the bankruptcy laws to help you get a handle on that debt. While it's generally true that most income tax arrearages cannot be discharged in a Chapter 7 liquidation proceeding, you may still be … [Read more...]

Filing Chapter 7 When You Don’t Want to Keep Your Home

Using a Liquidation Proceeding to Terminate Your Mortgage Obligation Often, when you decide that a personal bankruptcy filing is your best option for getting your finances under control and getting a new start, you still want to keep your home. But what if that's not really in your best interests? What if the costs of keeping your home will be too … [Read more...]

Filing for Chapter 7 Protection When You Want to Keep Your Home

Using a Personal Bankruptcy Proceeding to Keep Your House One of the most common factors leading to the decision to file for bankruptcy protection is the inability to stay current on mortgage obligations. If you're in over your head, a Chapter 7 bankruptcy proceeding can allow you to permanently discharge certain debts. That usually involves … [Read more...]

Protecting Your Rights When Threatened with Repossession

Strategies for Keeping Your Vehicle Are you struggling financially because of an injury, a divorce or the loss of your job? Are you in arrears on the payments for your car or truck? Have you received notice that your vehicle is about to be repossessed? You have rights! Here are some steps to take to protect your interests. The Requirement of a … [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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