Bankruptcy Law Legal Information and Representation in Rockwall, Texas
Are you considering declaring bankruptcy? Often, individuals going through chapter 7 or chapter 13 bankruptcy fear losing valuable assets during bankruptcy, and choose to attempt to protect those assets by hiding them from the bankruptcy courts.
I advise against hiding assets during bankruptcy, both because it is illegal and because it is an ineffective way to protect your assets.
I am Carrie L. Wier of the Law Offices of Carrie L. Wier. I understand that you may anxious to protect key property during bankruptcy. If you have questions regarding bankruptcy and the protection of assets, please contact me by calling 972-772-3083 .
Protect Your Assets Through Bankruptcy and Through Sound Legal Assistance
Bankruptcy is designed to protect your property so, in many instances, no property is lost through the bankruptcy process. Instead, debts and payments are reorganized.
In other instances, property is sold. However, only non-exempt property is sold, and you will likely have a clear idea of what property will be sold before you even file for bankruptcy.
On the other hand, if the court determines that you hid assets, it will deny the discharge of your debt, and you will lose the right to protect your assets through bankruptcy.
It therefore makes no sense to hide assets during bankruptcy. Instead, work with an experienced bankruptcy lawyer who is skilled at protecting your key assets and assisting you in getting a fresh start.
I have more than 10 years of experience protecting clients’ assets through chapter 7 or chapter 13 bankruptcy, and I am one of the only lawyers in Rockwall County who focuses my practice on bankruptcy and alternatives to bankruptcy. For qualified legal help from an attorney dedicated to the protection of your wealth and legal rights, call me at 972-772-3083 .
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