Separating Bankruptcy Truth from Myth in Texas

Bankruptcy is a complex process that is difficult to fully understand until you have gone through it. Many individuals, therefore, fear the unexpected loss of property when contemplating chapter 7 or chapter 13 bankruptcy. A common question I get from clients new to the bankruptcy process ask “will my property be seized during bankruptcy?”

The truth is that bankruptcy is an orderly process that often doesn’t involve the loss of any property. In the case of chapter 7 bankruptcy, non-exempt property is sold, but it’s usually possible to identify which property will be sold prior to filing. With both chapter 7 or chapter 13 bankruptcy , debt is reduced, enabling the filer to start fresh.

Protect Your Property from Seizure. Discuss Bankruptcy with a Qualified Attorney.

Though it is common to fear the seizure of property during bankruptcy, it is often bankruptcy that prevents property seizure. How?

When you default on a car loan or home loan, creditors may have the right to repossess or foreclose property. In many instances, this legal seizure of property can be halted through bankruptcy protection.

I am Carrie L. Wier of the Law Offices of Carrie L. Wier in Rockwall, Texas. I understand financial problems can lead to concerns about the loss of valued property during bankruptcy. If you have questions regarding bankruptcy and the protection of assets, please contact me.

Bankruptcy laws are designed to prevent the seizure of property in many instances, and I am committed to protecting your rights and property. Call 972-772-3083 for more information.

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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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