chapter 13 1If you are experiencing financial hardship in Collin County, TX, and are looking for bankruptcy services, then you have come to the right place. The Bankruptcy Law Offices of Veronica Deaver are here to assist you with all of your bankruptcy needs. Our team of experienced bankruptcy attorneys can help you determine if filing for bankruptcy is the right option for you and guide you through the entire process. We strive to ensure that our clients understand the bankruptcy process and are provided with the best legal advice possible.

Whether you are filing for Chapter 7 or Chapter 13 bankruptcy, our team is committed to helping you get back on your feet financially. Contact us today to schedule a free consultation and get started on the path to a better financial future. The good news: Bankruptcy attorney Veronica Deaver can help you get rid of your debt and move on to a better, brighter future. 

If you are considering filing for bankruptcy in McKinney or anywhere in Colin County, it is important to have an experienced Collin County, TX, bankruptcy attorney on your side. We understand the complexities of the bankruptcy process and can help you determine the best course of action for your unique situation. Contact us today to schedule a consultation.

At The Law Office, we represent clients in all aspects of bankruptcy law. We are well-versed in the intricacies of filing for Chapter 7 and Chapter 13 bankruptcy. Our firm can help you navigate the process and make the best decision for your financial future. In addition to bankruptcy representation, we also provide debt negotiation and foreclosure defense services.

Ready to explore your bankruptcy options? Call (214) 282-5024 or contact the firm online to schedule a free initial consultation. 

How a Bankruptcy Lawyer Can Help
If you are considering filing for bankruptcy in Collin County, TX, it is important to work with a qualified bankruptcy lawyer to ensure that your case is handled correctly and that you get the results you need. An experienced bankruptcy lawyer can provide you with advice and guidance throughout the entire process, from filing the paperwork to getting your case dismissed. Your lawyer can also handle negotiations with creditors, helping to lower your debts and providing you with the best possible outcome. Bankruptcy lawyers in Collin County, TX, can explain the different types of bankruptcy available and help you determine which one is best for your circumstances. They will also help you understand the complicated legal process and make sure you meet all deadlines and adhere to all court orders. A qualified bankruptcy lawyer in Collin County, TX can make sure you get the most out of your bankruptcy, ensuring that you emerge from the process with the least amount of debt and the best chance for financial success in the future.

Attorney Veronica Deaver can assist you by:
She can provide advice and guidance on how to manage your debt or develop a budget. She can also help you understand your rights and the laws related to debt collection and bankruptcy. Additionally, she can help you explore potential debt relief options, such as debt consolidation, loan modification, or bankruptcy.

Providing options. Discuss the facts of your case with you. Explaining the legal process. Evaluating the merits of your case. Offering advice on how to proceed. Representing you in court. Negotiating settlements. Filing paperwork and court documents. Researching applicable laws and case law. Advocating on your behalf.

Preparing your paperwork. Providing advice and information about the legal process. Exploring potential legal options. Representing you in court and negotiations. Advising you on your rights and obligations. Helping you prepare for court appearances. Researching legal issues and providing resources. Drafting legal documents. Negotiating settlements. Filing motions and appeals.

Advocating for you in court, helping you understand the legal process and your rights, filing legal documents on your behalf, researching the applicable laws, and providing advice about how to proceed with your case.

Who Can File for Bankruptcy in Texas?
Any individual who resides has a business, or owns property in Collin County, Texas, is eligible to file for bankruptcy in the state of Texas. Bankruptcy is a legal process that can help individuals who are burdened with overwhelming debt get a fresh financial start. It is important to note, however, that not all forms of debt can be discharged through bankruptcy.

Types of Bankruptcy in Texas?
The two types of bankruptcy that are available in Collin County, Texas, are Chapter 7 and Chapter 13. Chapter 7 is the most common type of bankruptcy, which allows a person to wipe out most of their unsecured debt, such as credit card debt and medical bills. c is a type of bankruptcy that allows a person to reorganize their debt and make payments over a three- to five-year period.

Deciding When Bankruptcy Is Your Best Option
Deciding when bankruptcy is your best option is a difficult decision and should not be taken lightly. It is important to consider all of your options and speak with a qualified financial advisor or attorney to help you decide if bankruptcy is the best option for you. You should also consider your long-term financial goals and how filing for bankruptcy will affect your ability to meet them. Additionally, you should be aware of the potential consequences, such as damage to your credit report or other financial repercussions. Ultimately, the decision to file for bankruptcy should be based on your personal financial situation and goals.

If you have fallen behind on mortgage payments, you may not necessarily need to file for bankruptcy.
If you have fallen behind on mortgage payments, you may not necessarily need to file for bankruptcy in Collin County, TX. Depending on your individual circumstances, you may be able to work with your lender to get back on track with your payments. This may include a loan modification, forbearance, or another repayment plan. You may also qualify for foreclosure prevention programs and assistance from the state or federal government. Alternatively, you may be able to sell the property and use the proceeds to pay off the debt.

To successfully file for bankruptcy in Texas, you must:
1. Take a credit counseling course. Before filing for bankruptcy in Texas, you must complete a credit counseling course approved by the U.S. Trustee. The course must be completed within 180 days of filing for bankruptcy.

2. File the necessary paperwork. You must file a petition, schedules, and other forms with the bankruptcy court.

3. Attend the meeting of creditors. After filing for bankruptcy, you must attend a meeting of creditors with the trustee assigned to your case.

4. Complete the financial management course. After the meeting of creditors, you must complete a financial management course approved by the U.S. Trustee.

5. Obtain a bankruptcy discharge. After completing all the steps above, you may receive a discharge of some or all of your debts.

How Will Bankruptcy Affect My Credit
There is no easy answer to the question of how filing for bankruptcy can affect your credit in Collin County, Texas. Every individual’s financial situation is unique, and the effects of bankruptcy can vary greatly from one person to the next. Generally, filing for bankruptcy will remain on your credit report for up to 10 years and can have a lasting, negative impact on your credit score. Additionally, it can be difficult to obtain new lines of credit after filing for bankruptcy, as creditors are often wary of taking on a person with a history of financial difficulty. That said, filing for bankruptcy can also provide an opportunity for a fresh start, allowing you to rebuild your credit over time.

Can I Keep My Property after Filing for Bankruptcy in Texas?
Yes, you can keep your property after filing for bankruptcy in Texas. However, the type of bankruptcy filing you choose will determine the amount of property you can keep. In a Chapter 7 bankruptcy filing, most property is liquidated, and the proceeds are used to repay creditors. In a Chapter 13 bankruptcy filing, you can keep all of your property and enter into a repayment plan with your creditors.

In a Texas Chapter 7 bankruptcy, you can exempt:
1. Homestead: Up to $60,000 of equity in the debtor’s residence, including a mobile home.

2. Household Goods and Clothing: Up to $60,000 of equity in household goods and clothing.

3. Wages: Up to 75% of disposable earnings or the state or federal minimum wage, whichever is greater.

4. Retirement Accounts: IRAs and ERISA-qualified benefits are exempt up to $1,362,800 (as of 2020).

5. Personal Property: Up to $30,000 of equity in personal property.

6. Tools of the Trade: Up to $2,500 of equity in tools of the trade.

7. Insured Health Savings Accounts: Up to $5,000 of equity in an insured health savings account.

8. Motor Vehicle: Up to $30,000 of equity in a motor vehicle.

9. Public Benefits: Most public benefits are exempt. 10. Alimony and Child Support: Alimony and child support payments are exempt.

Can I Discharge My Student Loan Debt through Bankruptcy in TX?
No, according to the U.S. Department of Education, you cannot discharge student loan debt through bankruptcy in any state. Student loan debt is considered a non-dischargeable debt, meaning that it cannot be discharged in bankruptcy.

Collin County Cities & Towns: Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / McKinney / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / Prosper / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie

Get Help from a Skilled Bankruptcy Lawyer

If you still have questions about bankruptcy and what it can do for you, do not hesitate to get legal advice from a knowledgeable attorney.