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What is the difference between bankruptcy and debt relief?

If you are facing overwhelming debt, you likely feel like you have limited options – and you are not sure whether bankruptcy or debt relief companies are the right solution. While both paths appear to aim to help manage or eliminate debt, they are vastly different in terms of effectiveness, legal protection, and long-term outcomes. Bankruptcy is a legal process governed by federal law, providing significant protections for individuals, while debt relief companies often operate in a much more informal and less regulated environment. It is important to understand the key differences between bankruptcy and debt relief companies, so today’s post will walk you through each site and explain how they are different. (more…)

By |2024-10-17T00:22:45-05:00October 16th, 2024|Bankruptcy, Bankruptcy Myths, Debt, Texas Bankruptcy, Videos|

Can you keep your property in a Chapter 7 bankruptcy?

Filing for bankruptcy can be a stressful and emotional experience, especially when it comes to wondering whether you will be able to keep your property and belongings. “Can I keep my stuff in a Chapter 7 bankruptcy?” is one of the most common questions when considering a bankruptcy proceeding. To understand the answer, it is important to understand the difference between exempt and non-exempt property under Texas bankruptcy law.

Understanding exempt and non-exempt property in Texas

When you file for Chapter 7 bankruptcy, a trustee is appointed to your case to liquidate your non-exempt assets to pay off your creditors. However, you do not have to lose everything – and often, you will not lose anything. Texas, like every other state, allows debtors to protect certain types of property using bankruptcy exemptions. The key is understanding what property is classified as “exempt” and what is “non-exempt.” (more…)

How Will Bankruptcy Affect Your Income Tax Refund?

The most common question we hear at this time of year is “What will happen to my Income Tax Refund if I file bankruptcy?”

IF you’re filing for Chapter 7, it’s likely that your refund will be protected, as it’s considered an asset. IF you’re filing during tax season, your attorney can work with you to be sure you’re maximizing your refund. Many times, we encourage clients to file when they get their refund, as this extra money can be put towards the cost of your case.

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By |2015-03-26T14:19:09-05:00March 26th, 2015|Bankruptcy, Debt, Money Management, Videos|

Is Chapter 7 Right For Me?

If you’re like most Dallas area residents who are struggling with debt, you’re wondering how you’re going to catch up – and if possibly, bankruptcy might help you. Many of our clients call us because they’re not sure how bankruptcy works, or which chapter they should file. Our experienced bankruptcy attorneys will walk through your financial picture, then explain your various options.

If you’re curious about Chapter 7 bankruptcy, our latest video explains the primary difference between Chapter 7 and Chapter 13. If you think that Chapter 7 might apply to your situation, please call us – we’d be glad to help get you the fresh start you deserve.

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By |2015-01-30T15:05:04-06:00January 30th, 2015|Bankruptcy, Debt, Videos|

What can bankruptcy do for me?

Are you struggling with overwhelming debt and asking yourself, “What can bankruptcy do for me?” – then our latest video will answer all your questions. We’ve helped hundreds of Dallas area residents by erasing their credit card debt, stopping foreclosures, stopping repossessions, and more. Watch our video for more details about what bankruptcy can do and how it can help you get the fresh start you deserve.

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By |2015-01-22T05:39:09-06:00January 22nd, 2015|Bankruptcy, Debt, Videos|

1-800 Lawyers Commercial

Here’s another one of our recent radio commercials. We’ve helped thousands of Dallas families get a fresh start through bankruptcy – we can help you too! Call us today for your free consultation and we’ll answer all of your questions

By |2013-10-28T21:00:34-05:00October 28th, 2013|Bankruptcy, Videos|
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