Can You Address Mortgage or Property Tax Arrearages in a Bankruptcy Filing?

Restructuring Mortgage and Property Tax Debt in Chapter 13 Though medical expenses are cited as the most common cause of personal bankruptcy filings, it's common for individuals seeking protection in Chapter 7 or 13 to be behind in mortgage payments or property tax obligations. As a general rule, Chapter 7 won't allow you to permanently discharge … [Read more...]

Knowing If You Qualify to File for Chapter 7

Choosing the Appropriate Time Makes a Big Difference If you've never sought protection under U.S. bankruptcy laws, the first thing you need to understand is that there are two ways to get a fresh start: with a liquidation proceeding under Chapter 7 or a reorganization under Chapter 13. As a rule, you don't get much choice—you can always opt to … [Read more...]

How Will a Bankruptcy Filing Affect Your Ability to Make a Living?

The Impact on Your Current Employment and Future Job Opportunities Even though the American bankruptcy laws were intended to offer a positive form of relief for persons experiencing financial challenges, there's often still a stigma attached to bankruptcy. Many people worry their employer will learn of the bankruptcy proceeding and let them go, or … [Read more...]

It’s a Bad Idea to Handle Your Own Bankruptcy

Good Reasons Not to Represent Yourself in a Bankruptcy Proceeding It's understandable—you're struggling to make ends meet and have concluded that filing for bankruptcy is your best option. You really don't have the money for anything but the essentials, and you certainly don't want to spend the money for a lawyer. You may think, "Hey, my … [Read more...]

Personal Bankruptcy—The Basics

An Overview of Your Options and Opportunities You're struggling every day to make ends meet. You get nervous when the mailman comes down the street or the telephone rings, afraid there will be another demand letter or belligerent creditor asking for payments you can't make. You've contemplated seeking protection in bankruptcy, but you don't know … [Read more...]

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...]

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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