veronicadeaver@msn.com
(214) 282-5024
veronicadeaver@msn.com(214) 282-5024

FAQ

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General Questions

What is the purpose of claiming bankruptcy?
The primary purpose of claiming bankruptcy is to release debtors of liability from particular debts and give them a financial fresh start.
What does discharge mean in the context of bankruptcy?
How many chapters of bankruptcy exist?
What is automatic stay?

Chapter 13 Bankruptcy

How does Chapter 13 bankruptcy work?
Chapter 13 bankruptcy requires the debtor to file a repayment plan with the court. This plan must be approved by the court during a confirmation hearing. Once the case is filed, creditors cannot continue collection attempts. Payments from the debtor are then collected by a court appointed trustee and distributed to creditors in accordance with the plan. Completion of the plan will release the debtor of liability for the remainder of the debts.
What is the role of the plan in Chapter 13 bankruptcy?
How does discharge work when it comes to Chapter 13 bankruptcy?
What are the differences between Chapter 7 and Chapter 13 bankruptcy?
Am I eligible for Chapter 13 bankruptcy?

Some Other Questions

Can you file for bankruptcy without an attorney?
The short answer is yes, however it is highly discouraged. The complexity of the forms and timelines when filing for bankruptcy makes it difficult for inexperienced individuals to properly file.
How does chapter 7 bankruptcy work?
Why is it important to seek alternatives to Chapter 7?
What is a means test?
What is the role of a trustee in Chapter 7 bankruptcy?
Are you likely to receive a discharge when claiming Chapter 7?

The FAQs above don’t represent or work as a guide to filing bankruptcy. The information contained herein should in no way be construed as legal advice. If you’re thinking of filing for bankruptcy, it’s highly recommended that you consult a reputable attorney to discuss your options.

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    We file consumer bankruptcy cases in the Eastern District of Texas Sherman Division which includes all of North Texas. This covers all of Collin, Cook, Dallas, Denton, Grayson, Hunt, and Rockwall counties.

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    (214) 282-5024

    (214) 282-5024

    veronicadeaver@msn.com

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    Over her years of experience, Veronica Deaver has been successful as a bankruptcy attorney in the greater McKinney TX area and beyond.

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