Chapter 7 Bankruptcy Attorneys Anna TX

Anna Texas Chapter 7 Bankruptcy Lawyers – File Bankruptcy or Avoid It

veronica deaver bankruptcy attorney

When filing bankruptcy in Anna, TX, you have OPTIONS and RIGHTS with your car. Contact the Law Office of Veronica Deaver, and We will help! Chapter 7 or 13, Attorneys are Designed to Help You Keep or Replace Your Vehicle. 20+ Years in Business. BBB A+ Rating. Types: Keep Your Car, Pay Only What It Is Worth, Replace Your Car. CALL 214-282-5024 THE LAW OFFICE OF VERONICA DEAVER TODAY TO BOOK A FREE CONSULTATION!

Areas We Service:

1) North Anna
2) Collin County
3) Cooke County
4) Hunt County
5) Grayson County
6) Anna
7) Rockwall County

When debt slavery becomes more than you can handle, a North Texas bankruptcy Lawyer is the answer.

file for bankruptcyPartnering with a Chapter 7 bankruptcy lawyer in Anna is the best way to ensure that your filing process goes smoothly. We can help you Prepare Your Chapter 7 and 13 bankruptcy with Prompt Timing. Superior Quality. Great Customer Support. Good Customer Service. Good Quality. No Hidden Fees. Providing Customer Service. Contact a Chapter 7 bankruptcy lawyer nearby Anna today.

What is Chapter 7 Bankruptcy?

Everyone has BILLS and invoices to pay. Sometimes you might be late on a mortgage payment or miss a car payment entirely. It isn’t good for your credit rating, but in the current state of the US economy, many people are struggling and have to “rob Peter to pay Paul.” If this is you, you most likely don’t need to think about filing chapter 7 or 13 bankruptcy in Anna, maybe not quite yet.

Chapter 7: Anna Anna Bankruptcy Lawyer

Filing for bankruptcy Chapter 7 is called “Liquidation”. It may sound confusing, but consider it this way: ever heard the term “money stream”? Money can stream from 1 person to another quickly, just like water flows down a Texas river. In a Chapter 7 Bankruptcy Anna, your Texas bankruptcy trustee will turn certain kinds of your home into money (or “liquidate”), and that cash will then flow into your creditors to repay your debts. To be able to be eligible for Chapter 7, you need to pass the means test. You can request more information on what a means test is and how it operates.

Timeline: How long is that going to take?

The bankruptcy starts when you (and your attorney) in Anna document for bankruptcy with the Courts. You are no longer in default when you receive a discharge. In most Chapter 7 cases for Anna, all of the borrower’s property is exempt, so the trustee will have no assets to distribute and liquidate to creditors. Issues, where there are no assets to distribute to lenders are closed relatively quickly, sometimes as little as a couple of months. Even though you’ve gotten a discharge, you, with all the Court, will remain open until the judge passes and the order is closing the case. A copy of the order closing your lawsuit will be delivered to you by the Court.

The Means Test

Before contacting our North Texas bankruptcy lawyers, filing for Chapter 7 bankruptcy, you’ll have to qualify through a Chapter 7 means test for Anna. Sounds frightening, but understand this: since the test became law in 2005, as part of Bankruptcy in Anna, more than 96% of potential Chapter 7 filers still qualify. Another good news is if you don’t qualify for a Chapter 7 filing, you may always be eligible to file under Chapter 13. The Means Test includes two steps:

Step 1: Median household Income

Your monthly income compared to the median income for a Texas household the same size as yours. “Median” is another way of stating “center”, as the median in the middle of a highway. If most of the Texas households that were the same size as you had been lined up by how much cash each family makes per month, the median monthly income would be the household in the center of the line marks. If you earn the same or less money than that household in Anna in the middle of the line, you are eligible for a Chapter 7 bankruptcy in Anna — no Step 2 for you.

Step 2: Disposable Income Ranked

If your income that’s considered disposable over the next five years is: under $6,000 ($100/month) — You Pass MORE than $6,000 but less than $10,000 — You Might Have Passed (based upon your allowed expenses) MORE than $10,000 –!


local bankruptcy attorneyEvery person’s situation is different. The best way to work out if Chapter 7 is best for you is to speak with a local bankruptcy attorney. We’ll be happy to assist you in assessing your financial situation and discussing your legal rights and choices. Just for a Fast reference, Chapter 7 may be an option for you personally: Have (no assets) or a few assets outside your furniture, clothing, and other necessities.

Credit Counseling Before You Document

Before you declare bankruptcy, you need to receive a Credit Counseling Briefing out of a certified TX when you reside in Anna, Texas. Credit counseling bureau applies whether you’re filing under Chapter 7 bankruptcy in Anna or 13. At your credit counseling meetings, you will learn how to do the budget and financial management and discuss your counselor’s alternatives to filing bankruptcy in Anna.

Credit counseling is expected by federal law (with hardly any exceptions). Then your bankruptcy legal case for Anna or Anna may be dismissed if you do not attend a counseling briefing. Your Texas bankruptcy lawyer in Anna, TX, can suggest a credit counseling service for you.

Do ALL of my debts have to be disclosed once I file for Chapter 7?

YES! Bankruptcy Fraud in Anna is a severe federal crime for which you may face prosecution.

The Process of Filing:

Step 1 — Complete your credit counseling sessions.

Step 2 — Provide All the Essential information for your local Anna Chapter 7 bankruptcy attorney,

Measure 3 — Your chapter 7 bankruptcy lawyers near you in Anna can review your situation and prepare a bankruptcy petition. You will have to record personal information, such as All of your earnings, assets, costs, debts, and any relevant exemptions to which you are entitled.

Step 4 — Your attorney files the petition in local bankruptcy court.

Step 5 — The Court will appoint a bankruptcy trustee for your chapter 7 bankruptcy case in Anna. After filing bankruptcy, in Northern Texas, an “Automatic Stay” is entered in most instances to prevent creditors from taking any additional action against you out of bankruptcy courts.

The Automatic Stay — Access Security from Your Creditors

If you file for bankruptcy in Texas and live near Anna, the first thing that happens is the “automatic stay”. This is an invisible wall up between you and your creditors so that they can’t bug you or contact you anymore. The Court in TX or the bankruptcy trustee mails a note to all the creditors you have listed, letting them know you have filed for bankruptcy is just another excellent reason to completely disclose all your creditors and debts. Should a creditor continue to call you — tell them they need to speak to your bankruptcy lawyer. If you have some ongoing lawsuits or wage garnishments; Make sure to tell your bankruptcy attorney for Anna so that he or she could instantly call these creditors.

Learn How You Can Get Your Bankruptcy Discharged and What To Do on Your Part

Do not conceal your property, destroy any financial records, or violate any court order, or make any final minute high-dollar charges on your credit cards until you record. ALWAYS hear the advice of your Anna lawyer!


Tools of the trade involving boats and motor vehicles. Clothing. Jewelry around $7,500.00 ($15,000.00 for a family). Two firearms. Athletic and Sporting equipment (including bikes ). One for each licensed driver in Anna and individual, Texas state Motor vehicles must rely on a certified driver for transportation.

Certain livestock. Household pets. Value of any Life Insurance Policy. Endless insurance benefits and cash value Proceeds are- paid under-compensation legislation, including unemployment, workers compensation, and crime victim benefit.

Federal Exemptions (per debtor)

$18,450 in real value personal property used as a home; Up to $2,950 in equity in any motor vehicle. Up to $475 in value in any Specific thing of home furnishings, or sporting apparel, $9,850 is the maximum. For personal use. Up to $1,225 in jewelry held Up to $1,850 in tools of this trade. Any unmatured life insurance contract You Have, except for a credit life insurance coverage. The right to received particular disability and support payments. Any property not otherwise protected in a sum not to exceed $975 and any unused amount of the $9,250 in (1) above.

While a Chapter 7 bankruptcy in Anna, TX, may help eliminate unsecured debts, secured debts are generally not separated from the resources that guarantee them. Meaning that if you want your vehicle loan discharged, you’ll have to return the car. However, suppose you would like to maintain your car (or a different advantage that serves as security for a debt). In that case, you could have the ability to negotiate a reaffirmation agreement with your creditors in Chapter 7 bankruptcy. By reaffirming a debt, then you consent to continue making payments in exchange for the right to keep your premises.

The Final Step

Before obtaining your bankruptcy discharge, you must complete a licensed Education Debtor: Course a management course of personal financials required by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Obtaining a Debtor Education course after filing bankruptcy is somewhat like taking Defensive Driving following a speeding ticket. The objective is to educate you on avoiding mistakes that got you in trouble and how to do things better the next time. Your local bankruptcy lawyer in Anna can refer you to a licensed financial management class in your local area.

Talking to an Attorney Near You in Anna

The decision to file for bankruptcy in Anna is never an easy one. We highly advise that you seek a local bankruptcy lawyer’s advice before choosing to file. Your lawyer will want you to be honest and candid, and he or she should do the same for you. Whenever you’re prepared to talk to an attorney, The Law Offices of Veronica Deaver is here for help today.

Zipcodes we serve:

75002 75013 7502575013 75069 75070 75071 75072 7545475023 75024 75025 75026 75034 75074 75075 75084 75086 75093 75094 75252 76006 76008 76012 76028 76036 76039 76040 76052 76053 76101 76102 76103 76104 76105 76106 76107 76108 76109 76110 76111 76112 76113 76114 76115 76116 76117 76118 76119 76120 76121 76122 76123 76124 76126 76127 76129 76130 76131 76132 76133 76134 76135 76137 76140 76147 76150 76155 76161 76162 76163 76164 76166 76177 76179 76181 76185 76191 76193 76195 76196 76197 76198 76199 76244 76247 76262 75001 75019 75032 75039 75043 75051 75052 75061 75063 75080 75087 75088 75089 75098 75104 75116 75126 75166 75182 75201 75202 75203 75204 75205 75206 75207 75208 75209 75210 75211 75212 75214 75215 75216 75217 75218 75219 75220 75221 75222 75223 75224 75225 75226 75227 75228 75229 75230 75231 75232 75233 75234 75235 75236 75237 75238 75240 75241 75242 75243 75244 75246 75247 75248 7544275409 75002 75013 75025 75013 75069 75070 75071.


Mrs. Deaver is a very professional bankruptcy attorney/ lawyer near Anna , who answered all my questions and eased my concerns. She was very sympathetic and took the time to help me and make me feel better. I don’t think or believe you could find a better attorney.

Liz Anna

five star reviews

I used Ms. Deaver to “start over” by filing chapter 7, and it was the best thing I did. Ms. Deaver made the process seamless I filed, Court 30 days later and was discharged 60 days after. I have rebuilt since then, and I owe it all to her for the fresh start.

LaShunda P.

five star reviews

“ Mrs. Deaver is a 1st Class Lawyer. If you need Chapter 7, she is Your lady”.

J S Clayborn

five star reviews