Generated by All in One SEO Pro v5.0.1.1, this is an llms-full.txt file, used by LLMs to index the site. # The Law Office of Veronica Deaver Lawyer in McKinney, Texas ## Posts ### [Blog](https://www.veronicadeaver.com/blog/) **Published:** June 23, 2022 **Author:** Veronica Deaver --- ### [So You’re Filing for Bankruptcy - What Are Your Next Steps?](https://www.veronicadeaver.com/filing-for-bankruptcy-collin-county-your-next-steps/) **Published:** June 22, 2022 **Author:** Veronica Deaver **Content:** Deciding to file for bankruptcy is no easy choice. In the end, however, if you’ve made that decision, it’s no doubt for the better. It means you’ve exhausted all other options, financially, and require legal protection from the onslaught of creditors and lenders that are making your life difficult, if not outright unbearable. The good news is that you don’t have to go it alone. Once you’ve decided to file for bankruptcy, The Law Office of Veronica Deaver helps you understand the next steps to make the best decisions with the soundest state of mind. Our team offers a free consultation at the Law Offices of Veronica Deaver, even if you’re only considering bankruptcy. [Contact us](/contact-us) for more information about how bankruptcy can save your life. ## So, What Should I Do Now? More than anything, we wanted to provide you with a list of do’s and don’ts so that, regardless of whom you work with, you make the best decisions as you navigate bankruptcy. ###### Do: Consult A Lawyer This couldn’t be more important. For those who try to go it alone in bankruptcy proceedings, [less than 0.1%](https://www.debt.com/bankruptcy/file-for-bankruptcy-without-a-lawyer/) have positive outcomes in some districts. Forgoing a lawyer is essentially a financial death sentence. It’s that simple. The [Law Office of Veronica Deaver](https://veronicadeaver.com/) provides you with decades of knowledge, experience, and positive results within the specialized field of bankruptcy law. Considering that your consultation is free, you’ve got nothing to lose. ###### Don’t: Go Down The Google Hole Legal issues are similar to medical issues in that the internet can be dangerous for vulnerable minds. As a layperson when it comes to bankruptcy proceedings, searching various scenarios and outcomes online will invariably lead you to make decisions based on emotion instead of logic and experience. Again, your actions should be based solely on the advice of experienced bankruptcy counsel. The statistics don’t lie. ###### Do: Understand Your Options A competent bankruptcy attorney will understand your circumstances and your options. They should be able to articulate in no uncertain terms what these options are and their opinion on those options. When it comes to bankruptcy, you will have two options: Chapter 7 and Chapter 13 bankruptcy. Yes, other issues are often at hand, such as potential home foreclosures. But the essential decision is whether to file for Chapter 7 or Chapter 13. Chapter 7 is known as liquidation bankruptcy. However, most people can keep most if not all of their property. There is an income means test to see if you qualify. Chapter 13 is known as a reorganization bankruptcy. It allows you to retain your property, including secured assets like your home and car. However, there is a payment plan depending on your disposable income. Experienced bankruptcy attorneys will know which option is best for you. Or, they will understand the nuances that make the decision difficult enough to help you understand which is best for you. ###### Don’t: Make A Decision Without A Thorough Understanding of Your Options The major elements of Chapter 7 and Chapter 13 bankruptcy may not be intuitive to everyone. However, a good bankruptcy attorney will make them easy to understand. The Law Office of Veronica Deaver brings decades of experience translating the legalese and jargon that’s often meant to scare prospective bankruptcy filers. ###### Do: Gather Information Rather than googling your fate, visit the FAQ on our website, where you can find real facts and information about the bankruptcy process. ###### Do: Work with an Attorney You Can Trust This isn’t as obvious as it may sound. Working with an attorney you can trust involves much more than knowing they will represent you fairly and soundly. At the Law Offices of Veronica Deaver, we’re more than bankruptcy attorneys. We care deeply about our clients and the injustices seen at the hands of our broken and often corrupt debtor systems. We understand the fear, anxiety, and despair of confronting overwhelming debt. More than anything, we know, without a shadow of a doubt, that you will not make the best decisions for your future without proper guidance and an even-keeled perspective. Our clients in McKinney, TX, and the greater Collin County, TX area can attest to our focus on both representation and maintaining composure. We help you understand that you’re here because you want something better for yourself; that you need protection from unethical and often unscrupulous creditors and collectors; and that the only way is forward. ###### Contact The Law Office of Veronica Deaver Today Veronica Deaver founded her law firm based on the idea that she and her legal counsel would give each client individualized focus precisely when they need it most. The Law Office of Veronica Deaver is more than just representation. We offer a path to financial freedom for more reasons than our knowledge and experience. We also offer guidance that goes beyond the courtroom, helping our clients understand every step of the way while helping them maintain their composure to make the best possible decisions. Contact The Law Office of Veronica Deaver today for a [free consultation](/contact-us). Give us a call or visit us online for more information about how we can help you begin your journey out of debt today. **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [Veronica Deaver’s Chapter 7 Bankruptcy 101](https://www.veronicadeaver.com/everything-you-need-to-know-about-chapter-7-bankruptcy-101/) **Published:** June 25, 2022 **Author:** Veronica Deaver **Content:** Bankruptcy takes many forms. You might have heard the various names, like chapter 7 or chapter 11—sometimes it feels like there are enough chapters to fill a book. However, if you’re an individual or family looking to file for bankruptcy protection, you will most likely file for chapter 7 or chapter 13 bankruptcy. Here at The Law Office of Veronica Deaver, we want to ensure you know exactly what’s involved with each chapter to make the best decision. Today, we will discuss the ins, outs, and in-betweens regarding chapter 7 bankruptcy. ## What Is Chapter 7 Bankruptcy? [Chapter 7 bankruptcy](/practise_area/chapter-7-bankruptcy/) is one of two popular forms of bankruptcy for individuals and families. While chapter 13 bankruptcy allows those with higher incomes to reorganize their finances and pay debts over time, chapter 7 provides lower-income individuals and families with instant relief, with some conditions. You can think of chapter 7 bankruptcy as a form of immediate relief. As soon as you file chapter 7, the court places a stay on all your debts. This stay prevents any lenders or creditors from even contacting you. Yes, you read that right. All those invasive calls, emails, and even unethical gambits used to get you to pay are now prohibited. They can no longer garnish your wages, turn off your utilities, or call you at your place of work. At the same time, a court-appointed trustee will take possession of your property. Two key events will ensue: 1. The trustee will arrange a creditor meeting. The creditor meeting involves answering questions before the court to determine which of your assets are exempt. 2. The trustee will sell off assets not exempt from liquidation. The proceeds will go toward repaying your creditors. However, most people can keep most assets. This is why you must work with an experienced attorney like Veronica Deaver, who knows how to protect your most valuable assets, such as your home and your car. ## Should You Choose Chapter 7 Bankruptcy? Chapter 7 bankruptcy is the quickest way out of debt. During chapter 13, for example, you create a reorganization plan that requires repaying creditors over a three to five-year period. Chapter 7 rips you right out of the depths of overwhelming debt. Other benefits include: - Achieving financial freedom after debt - The best chance at keeping your property - Stopping home foreclosure, repossession, lawsuits, collections, and interest accrual - Discharging a judgment You don’t get to decide exactly which of your assets are exempt from liquidation. For this reason, chapter 7 bankruptcy works best for: - Credit card debt - Medical bills - Personal loans - Consumer loans These debts aren’t tied to assets and are therefore paid off through liquidations. There are also some rules surrounding whether you can file for chapter 7 bankruptcy: - You can only file Chapter 7 bankruptcy every eight years - If a judge dismisses your case, you may have to wait at least 181 days before filing again A judge dismisses a case if they believe it to be an attempt at fraud. Certain individuals will take out loans and file bankruptcy simply to have them eliminated. The potential for mistaken dismissals requires that you work with a highly trusted [bankruptcy attorney](/about-us/meet-veronica-deaver/), such as Veronica Deaver. ## Remaining Obligations Chapter 7 bankruptcy is truly a wonderful legal solution for low-income individuals and families under suffocating debt. But, as with anything in life, it’s not free. Namely, certain debts may remain following the closing of your case. These include: - Debts not listed at the time of filing. They must be filed with the courts. - Most student loans - Recent federal, state, and local taxes - Alimony - Court fees from filing - Criminal offense fees and debts - Pension debts - Condo or homeowner association fees Additionally, you may need to take remedial actions. These include: - Individual or group credit counseling course with an accredited agency within 180 days before filing. - Passing a means test. A means test determines if you make enough money to continue paying unsecured creditors. If you don’t pass the means test, you may still be able to file a Chapter 13 bankruptcy. ## Chapter 7 Bankruptcy: It’s Worth It Here at The Law Offices of Veronica Deaver, we understand that filing for bankruptcy isn’t an easy choice. But in many cases, you might not have another choice. More than any of the procedural requirements, many folks avoid bankruptcy because they feel ashamed or embarrassed. Don’t let this be you. Don’t jeopardize the rest of your life just because you think it will look bad. On the contrary, filing for chapter 7 bankruptcy could be the best decision you’ve ever made. But this is only so if you team up with a knowledgeable, experienced bankruptcy attorney such as Veronica Deaver. With decades of successful cases under her belt, she offers you a real chance to start your life anew. ###### Contact The Law Office of Veronica Deaver Today Veronica Deaver founded her law firm based on the idea that she and her legal counsel would give each client individualized focus precisely when they need it most. The [Law Office of Veronica Deaver](https://veronicadeaver.com/) is more than just representation. We offer a path to financial freedom for more reasons than our knowledge and experience. We also offer guidance that goes beyond the courtroom, helping our clients understand every step of the way while helping them maintain their composure to make the best possible decisions. Contact The Law Office of Veronica Deaver today for a [free consultation](/contact-us/). Give us a call or visit us online for more information about how we can help you begin your journey out of debt today. **Categories:** Attorney **Tags:** Bankruptcy Information, Chapter 7 Bankruptcy, Military Bankruptcy Chapter 7 --- ### [Chapter 7 Bankruptcy Frequently Asked Questions](https://www.veronicadeaver.com/chapter-7-bankruptcy-frequently-asked-questions/) **Published:** June 25, 2022 **Author:** Veronica Deaver **Content:** Answering your questions about chapter 7 bankruptcy will help put your mind at ease so you can take the necessary steps to free yourself from debt. Here at The Law Office of Veronica Deaver, we ensure to answer all of our clients’ questions with utmost clarity and transparency. Chapter 7 bankruptcy is a tough enough decision as it is. Going into it without fully understanding the implications makes it all the more difficult. Today, we take a moment to review chapter 7 bankruptcy’s top [FAQs](/faq). ## How Does Chapter 7 Bankruptcy Work? While it may sound basic, understanding the fundamentals of chapter 7 bankruptcy is crucial to moving forward with confidence. Chapter 7 bankruptcy entails liquidating the debtor’s (individual in debt) non-exempt assets to pay creditors. The debtor’s non-exempt assets will be sold and the proceeds distributed to creditors. However, Veronica Deaver will fight to ensure that your assets retain exempt status to prevent liquidating important property such as a car or home. ## Why Shouldn’t I File Chapter 7? While we will do everything in our power to prevent the liquidation of assets, debtors do risk non-exemption. Veronica Deaver’s team can help ascertain the likelihood of non-exemption in your particular chapter 7 case. With the proper legal advice, you may find a financial fresh start is possible without losing a property to liquidation. ## What Is a Means Test? Chapter 7 means test assesses the debtor’s ability to repay the debt in question by analyzing their current income and debts. In essence, the means test is designed to ensure that filers aren’t abusing chapter 7 as a method of erasing debts when they do in fact have the means to repay. ## What Is the Probability of Receiving A Discharge? Discharge means that you have been relieved of your debts. Most who file for Chapter 7 bankruptcy receive a discharge. Few reasons exist for denying a discharge in a Chapter 7 case, save for a failure to maintain clean financial records or failing to follow bankruptcy laws. ## The Law Office of Veronica Deaver Filing for chapter 7 bankruptcy requires you to team with a lawyer with decades of [experience and success](/about-us/meet-veronica-deaver/). With your financial future on the line, nothing less will suffice. The Law Office of Veronica Deaver has built a reputation throughout Texas as a strong and qualified legal team. We have belayed countless folks out of the deepest holes. And the foundation of our success rests on total transparency and clarity. With Veronica Deaver, your mind is set at ease so that you can approach chapter 7 knowing it’s the right decision for you. Give us a call or [visit us online](/contact-us) today to learn more about how we can free you from the shackles of debt once and for all. ###### Contact The Law Office of Veronica Deaver Today Veronica Deaver founded her law firm based on the idea that she and her legal counsel would give each client individualized focus precisely when they need it most. The [Law Office of Veronica Deaver](https://veronicadeaver.com/) is more than just representation. We offer a path to financial freedom for more reasons than our knowledge and experience. We also offer guidance beyond the courtroom, helping our clients understand every step of the way while helping them maintain their composure to make the best possible decisions. Contact The Law Office of Veronica Deaver today for a [free consultation](/contact-us). Give us a call or visit us online for more information about how we can help you begin your journey out of debt today. **Categories:** Attorney **Tags:** Bankruptcy Information, Chapter 7 Bankruptcy, Military Bankruptcy Chapter 7 --- ### [Why Local Attorneys Beat Large Firms Every Time](https://www.veronicadeaver.com/local-attorney-veronica-deaver-fights-for-you/) **Published:** June 25, 2022 **Author:** Veronica Deaver **Content:** More and more these days, drivers can see the faces and names of so-called “attorneys” on billboards around their city. But who are these people? What’s the real difference between large law offices and trusted local attorneys with roots in the community? In this blog, we’ll examine a little about how large law firm legal services work and why they come up short compared to local attorneys such as The Law Office of Veronica Deaver. ## Big Firms & Their Practices ###### The Bottom Line on Big City Firms Big law firms have one goal in mind: the bottom line. Profits drive their work more than any other driver–perhaps all other drivers, combined. Big firms are structured around the partners, who are all part-owners in the firm. Each partner–as a part-owner–shares in the firm’s profits each quarter or annual period. That’s why, when watching TV, you hear all about that character who’s trying to ‘make partner’–and why they often come to realize, at the end of the story, that there’s more to life than money. ###### Just Another Number This isn’t to say that big firms don’t care about their clients or their outcomes. Businesses focused on profits must focus on their products and customer service. And big-firm lawyers certainly care about their track record. However, to them, you’re just a number, another win or loss on their record. They have little personal stake in the outcome of your case. They have dozens of clients, just like you, for whom they work with unfeeling efficiency. ###### Bankruptcy Courts Don’t Care About The Name Big firms can wield great influence on certain types of cases. We all know about the celebrity clients and lawyers and their cases that sweep the nation’s media outlets for months on end. But when it comes to [bankruptcy law](/practise-areas/), the courts, judges, and circuits simply do not care. The cases are cut and dry. There’s no secret stash of evidence, flashy objection, or last-minute witness testimony that leaves the courtroom audience gasping before flashing cameras. Which is to say, big firms and their much-lauded lawyers wield little influence on local bankruptcy circuits, where relationships and experience are key. ## The Law Office of Veronica Deaver: Local Attorneys With Personalized Legal Care ###### We Care About Our Clientele Here at The Law Office of Veronica Deaver, we focus on our corner of the world: McKinney, TX, and the surrounding North Texas region. Veronica Deaver has served this area well for decades, without reliance on anyone but her own team. Veronica’s success hinges on intrinsic incentives to help those in her community. Unlike a remote Dallas firm plotting cases in their skyrises, Veronica knows the judge, the opposing counsel, and the community. These relationships and networks allow her to produce favorable outcomes exactly because of her focus on the people in her community. Most importantly, The Law Office of Veronica Deaver and our team care about our clients. We know what it’s like to run the gauntlet of Chapter 7 or Chapter 13 bankruptcy. We answer your [questions](/faq), follow up with you, and help you keep perspective. We’ve worked with countless clients over the decades, right here in North Texas, getting to know you and the specifics of your circumstances in a way no big-city lawyer otherwise would. ###### Local Attorneys Like Us Specialize in Bankruptcy More likely than not, the big-firm lawyer in Fort Worth practices many areas of law. They might have bounced around their firm for years, finding their ‘true calling.’ Or, they’ve been relegated to bankruptcy court as inexperienced lawyers who are not ready for the more prestigious cases. For The [Law Office of Veronica Deaver](https://veronicadeaver.com/), bankruptcy law has nothing to do with prestige. We’re not in the business of fame or notoriety. We do this work because we’re from North Texas, and we’ve seen what debt can do to people. We’ve seen how it can ruin lives. We’ve seen it happen to friends, family, and loved ones. We only talk about our [experience and success](/about-us/meet-veronica-deaver/) because it matters that you work with a bankruptcy attorney with the right relationships, understanding, and experience in the McKinney-area bankruptcy circuit. We want success not for our local law office but for our clients, who are part of our community here in North Texas. With a local attorney like Veronica Deaver, you get a bankruptcy lawyer you can count on to provide 110% effort to protect you from unscrupulous creditors and an uncertain future. ###### Contact The Law Office of Veronica Deaver Today [Veronica Deaver](https://veronicadeaver.com/) founded her law firm based on the idea that she and her legal counsel would give each client individualized focus precisely when they need it most. The Law Office of Veronica Deaver is more than just representation. We offer a path to financial freedom for more reasons than our knowledge and experience. We also offer guidance beyond the courtroom, helping our clients understand every step of the way while helping them maintain their composure to make the best possible decisions. Contact The Law Office of Veronica Deaver today for a free consultation. Give us a call or [visit us online](/contact-us) for more information about how we can help you begin your journey out of debt today. **Categories:** Attorney **Tags:** Bankruptcy Information, Consumer Bankruptcy --- ### [Foreclosure 101: Our Law Experts Answer 5 Common Questions](https://www.veronicadeaver.com/foreclosure-questions-answered/) **Published:** June 25, 2022 **Author:** Veronica Deaver **Content:** What does it mean when your house is foreclosed? If you are facing foreclosure, it’s natural to have questions. Discerning the meaning behind legal jargon, bank statements, and other documents can be tricky, so we recommend seeking legal advice when dealing with foreclosure. With over 20 years of experience, our team has answered countless questions about foreclosures. Our team at The Law Office of Veronica Deaver wants to provide you and your family with helpful information to help you understand your options. ## What is foreclosure? Foreclosure is a legal process involving obtaining property, such as a house or apartment, to pay off debts. If your home is foreclosed, creditors can seize the property for sale. The funds generated by the sale are used to settle the debt. Each foreclosure is different based on the amount of equity, type of mortgage lender, and other factors. ## Why does foreclosure occur? The most common reason foreclosures occur is missed mortgage payments. If you miss multiple payments, the loan issuer may take action, including foreclosure. Other possible causes include breaching other elements of the mortgage agreement. Foreclosure is not usually the result of a single missed or late payment. In most cases, it occurs due to a series of late payments or unpaid installments. ## What rights do I have? If you’re faced with the possibility of [losing your home due to foreclosure](/practise_area/foreclosures-and-repossessions/), you must be aware of your rights. If a lender or an organization, such as a bank, wishes to initiate foreclosure proceedings, they must inform you that your loan is in default and provide time for you to respond to the notice. You may be able to make the repayments or discuss alternative options with the lender if you cannot cover the total amount. If you think there has been a mistake, you also have the right to challenge the notice. It is beneficial to seek advice from a local bankruptcy lawyer if you are unsure of your rights or don’t know what to do next. ## Who can I speak to? Foreclosure and the prospect of losing your home can be incredibly daunting and distressing. In this situation, it’s crucial to understand that you are not alone. We recommend you seek legal advice. When speaking with a lawyer, they will provide clarity and enable you to learn more about the legalities and explore possibilities that offer an alternative to losing your house. ## Are there any alternatives to foreclosure? If you can’t cover payments or miss mortgage repayments, it is often possible to avoid losing assets by negotiating with lenders to find alternative paths. Legal experts can work with you to identify solutions, such as pre-foreclosure sales and [Chapter 13 bankruptcy](/practise_area/chapter-13-bankruptcy/), which may result in avoiding foreclosure. No homeowner wants to face foreclosure. If you risk losing your home, it’s critical to remember that you are not alone. Our experienced legal team at The [Law Office of Veronica Deaver](/contact-us/) can help you explore options, exercise your rights and navigate the processes involved. ###### Stop your foreclosure today with the help of Veronica Deaver! [Veronica Deaver](https://veronicadeaver.com/) founded her law firm based on the idea that she and her legal counsel would give each client individualized focus precisely when they need it most. The Law Office of Veronica Deaver is more than just representation. We offer a path to financial freedom for more reasons than our knowledge and experience. We also provide guidance beyond the courtroom, helping our clients understand every step of the way while assisting them in maintaining their composure to make the best possible decisions. Veronica Deaver has helped many clients stop foreclosure. She’s dedicated to achieving solutions while understanding your individual circumstances. Call The Law Office of Veronica Deaver today at 469-526-4508 or [contact us online](/contact-us) to receive the quality consultations and advice you deserve. **Categories:** Attorney **Tags:** Foreclosure --- ### [What is Chapter 13 Bankruptcy?](https://www.veronicadeaver.com/what-is-chapter-13-bankruptcy/) **Published:** June 25, 2022 **Author:** Veronica Deaver **Content:** Filing bankruptcy is one of the options available to you if you are struggling to pay your debts. The two main types of bankruptcy for individuals are Chapter 7 bankruptcy and [Chapter 13 bankruptcy](/practise_area/chapter-13-bankruptcy/), which offer different ways to deal with debt. Chapter 13 bankruptcy allows you to work out an effective plan to pay off your debts. Our experts at The Law Office of Veronica Deaver discuss an overview of chapter 13 bankruptcy and how it can help your financial situation. ## What Is Chapter 13 Bankruptcy? Chapter 13 bankruptcy enables debtors to keep their property and pay off their debts over time, usually with a payment plan of three to five years. Also called a wage earner’s plan, it’s ideal for people with a regular income to help them pay all or part of their debts in installments to creditors. The repayment plan can vary between three to five years and depends on whether the debtor’s income is below or above the state median. ## What Are the Reasons for Filing Chapter 13 Bankruptcy? Chapter 13 offers excellent advantages for people considering bankruptcy as a tool to manage their debt. One of the most significant advantages is that it allows debtors to prevent foreclosure on their homes. Debtors can also reschedule secured debts and extend them across the life of the payment plan, reducing payments. Often, co-signers are also protected by a provision that protects third parties in Chapter 13 bankruptcy, which could be helpful for your family. If you file for Chapter 13 bankruptcy, you will make payments to a trustee, who will then distribute them to creditors. The trustee will act as a mediator between you and the creditor, making the process as straightforward as possible. ## What Obligations Do You Have After Filing Chapter 13 Bankruptcy? Under this type of bankruptcy, debtors still have certain repayment obligations. You need to meet the regular payments as part of your payment plan to ensure your creditors are either partially or fully paid back. The repayment plan acts like a consolidation loan, turning your debts into one easy payment. Although you can keep your home, you must pay all mortgage payments. ## Is Chapter 13 Bankruptcy Right for You? It can be a bit more complicated to file Chapter 13 bankruptcy compared to Chapter 7 bankruptcy, but it’s worth it for the numerous advantages that come along with it. Chapter 13 bankruptcy gives you flexibility and freedom to maintain assets like your home, car, and other possessions. Many people find peace of mind working with a trustee since sometimes dealing with creditors isn’t easy. ## Bounce Back After Bankruptcy with Veronica Deaver Take what bankruptcy has taught you and get back on your feet with the support of the right bankruptcy lawyer. A bankruptcy lawyer can help create positive steps to get your financial life back on the right track and continue moving forward. At The Law Offices of Veronica Deaver, our team is knowledgeable and ready to help you in all aspects of your financial success. ## Get Financial Help with Chapter 13 Bankruptcy Chapter 13 bankruptcy is a complicated process, so it’s essential to have a knowledgeable attorney on your side. The Law Office of Veronica Deaver is experienced and knowledgeable in Chapter 13 bankruptcy law, ensuring you get the support and advice you need. Our team is happy to discuss your options and help you find a plan that meets your needs. ###### Schedule a Consultation at The Law Offices of Veronica Deaver If you are filing for bankruptcy, we understand that it can be overwhelming. Our team at The Law Office of Veronica Deaver is dedicated to giving you quality advice and support you can trust. Don’t hesitate to call us at (469) 351-1540 or [schedule a free consultation](/contact-us/) online to learn more about how we can help you during a difficult time. **Categories:** Attorney **Tags:** Bankruptcy Information, Consumer Bankruptcy, Credit Repair, Recession --- ### [A Guide to Financial Success After Bankruptcy](https://www.veronicadeaver.com/navigating-success-after-bankruptcy/) **Published:** July 1, 2022 **Author:** Veronica Deaver **Content:** The process of declaring bankruptcy can be frustrating, and oftentimes isolating. If you’ve recently declared bankruptcy, you’re not alone. [In 2019](https://www.uscourts.gov/statistics-reports/bapcpa-report-2019), more than 700,000 bankruptcy cases were filed across the US. Even though it’s relatively common, many people often view bankruptcy as the end of their financial life. Thankfully, this is not the case. Instead, it can simply be the start of a new chapter in your financial life. There are some things you can do to promote success in your financial life after bankruptcy. Our team at The Law Offices of Veronica Deaver has outlined a few to get you back on your feet in no time! ## Build Your Budget Your first step after bankruptcy should be to set a budget. By setting a budget, you can ensure that you don’t live beyond your means. There are a variety of tools that will help you balance your expenses, including good ole pencil and paper. Or, there are many smartphone apps and computer programs that can assist you when balancing your expenses. We also recommend creating a savings account, if you don’t have one already, in case of financial emergencies. Rebuild Your Credit You can rebuild your credit score after declaring bankruptcy, and we recommend doing so for financial decisions you may make later in life. Many people achieve a positive outcome here after just two years. To rebuild your credit, focus on paying your bills on time: your payment history accounts for 35% of your credit score. These timely payments highlight that you are financially responsible. You may also find it beneficial to open a secured credit card. On-time payments on your credit card can be a great proof of financial improvement and success. Some people find credit builder loans can also be beneficial here, but they are definitely not necessary. ## Check Your Credit Reports Checking your credit score on your own, which is a soft credit check or inquiry, doesn’t hurt your credit score. However, if a creditor or lender runs a credit check, that’s typically a hard credit check, which could affect your credit score. So, there’s no harm in checking your credit report once a month, to check for any errors or questionable reductions. If you spot errors early and seek reversal, you can avoid any further damage to your credit reputation. ## Focus On A Positive Employment History If you are able, focus on keeping a positive employment history. It is important to maintain your job after declaring bankruptcy to prove your financial reliability. Many lenders will use your employment history as a key marker to determine whether they should lend you now, or in the future. Long-term employment will help send the right message that you are dependable and will make on-time payments. ## Set Goals We recommend setting goals for your financial future. Whether it’s a certain credit score or something you want to purchase, choose something you will be excited to work towards. After setting a goal, make a plan for how to achieve those goals. You may find it helpful to create a schedule for your goals, so you can meet them in a reasonable amount of time. By setting a goal, you will have a financial destination to head towards. ## Bounce Back After Bankruptcy with Veronica Deaver Take what bankruptcy has taught you and get back on your feet with the support of the right bankruptcy lawyer. A bankruptcy lawyer can help create positive steps to get your financial life back on the right track and continue moving forward. At The Law Offices of Veronica Deaver, our team is knowledgeable and ready to help you in all aspects of your financial success. ###### Get Financial Help From The Law Offices of Veronica Deaver If you are filing for bankruptcy or recovering from the aftermath, we understand that it can be overwhelming. Our team at The Law Office of Veronica Deaver is dedicated to giving you quality advice and support you can trust. Don’t hesitate to call us at [(469) 351-1540](tel:2142825024) or [contact us](/contact-us/) to learn more about how we can help you with financial success! **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [Bankruptcy, Foreclosure & Repossession: Legal Counsel You Can Trust](https://www.veronicadeaver.com/bankruptcy-foreclosure-repossession-legal-counsel-you-can-trust/) **Published:** November 12, 2022 **Author:** Veronica Deaver **Content:** Here at The Law Office of Veronica Deaver, our knowledge and understanding of bankruptcy law run as deep as our passion and commitment to Texas culture and its people. Veronica Deaver combines these attributes to provide expert legal counsel. More than the billboard attorneys whose advertisements you see strewn across highways, we offer total focus and devotion to your case and circumstances. When your livelihood is on the line, you need legal counsel you can trust. ## A Bankruptcy Attorney You Can Trust ###### Knowledgeable & Experienced Bankruptcy, Foreclosure & Repossession Counsel There’s a reason so many people and their families rely on Veronica Deaver’s team when facing bankruptcy, foreclosure, or repossession. Combined, our legal team has [decades of experience](/about-us). We get results because we have seen cases, scenarios, and outcomes from more angles than we can count. ###### Veronica Deaver Provides Individualized Service Perhaps most importantly, big-firm attorneys with dozens of clients on their docket have trouble providing individualized services, let alone attending to your experience in times of crisis. Our team here at The Law Office of Veronica Deaver, however, truly cares about our clients throughout the [State of Texas](/contact-us). ## Why You Need Legal Counsel for Bankruptcy, Foreclosure & Repossession ###### Going It Alone Is Extremely Dangerous Facing bankruptcy, foreclosure, or repossession is a pivotal moment in your life. It’s imperative that you take it seriously. Working with a qualified attorney who brings to your case real knowledge and experience can make the difference between a life of crippling debt and a future of financial independence and possibilities. The success rate for those representing themselves in bankruptcy court is worse than terrible. In some states and districts, it’s [less than 0.1%](https://www.debt.com/bankruptcy/file-for-bankruptcy-without-a-lawyer/). It may feel like the last thing you can do at this moment is pay for a lawyer, but The Law Office of Veronica Deaver works with clients to create a payment plan. ###### Providing Individualized Service Our knowledge and experience extend far beyond the courtroom. The Law Office of Veronica Deaver curates services to each client’s individual needs. Beyond the legal ramifications of bankruptcy, foreclosure, and repossession, it’s crucial that you have a trusted advisor to help maintain a calm, collected outlook. Bankruptcy cases can become a nightmare. Unscrupulous debtors and lenders often use unethical, if not outright illegal tactics to get their money back. Veronica Deaver’s deep understanding of the law protects clients from further damage, allowing us to focus on your case. Furthermore, our team works with clients to prevent rash decisions predicated on feelings of anger, fear, and guilt. With a big firm, you’re just another statistic embedded within their bottom line. The Law Office of Veronica Deaver provides comprehensive services for people in the greater McKinney, TX area and beyond. We truly care about our clients, their circumstances, and their families. Give us a call today and begin the journey out of debt with a legal team committed to your success. ###### Contact The Law Office of Veronica Deaver Today Veronica Deaver founded her law firm based on the idea that she and her legal counsel would give each client individualized focus precisely when they need it most. [The Law Office of Veronica Deaver](https://veronicadeaver.com/) has remained true to this mission to this day. Our legal team has collected decades of experience with bankruptcy, foreclosure, and repossession cases. Our service extends beyond the courtroom, working to protect our clients from unscrupulous creditors and collectors and instill a sense of calm during this difficult time. Contact us today for a free consultation. Give us a call or [visit us online](/contact-us) for more information about how we can help you begin your journey out of debt today. **Categories:** Attorney **Tags:** Bankruptcy Information, Chapter 11, Chapter 7 Bankruptcy, Consumer Bankruptcy, Credit Repair, Military Bankruptcy Chapter 7 --- ### [Military Bankruptcy Myths in Texas That Won’t Go Away](https://www.veronicadeaver.com/military-bankruptcy-texas-myths/) **Published:** March 24, 2023 **Author:** Veronica Deaver **Content:** 1. **Myth:** You will be kicked out of the military if you file for bankruptcy. Truth: This is a common misconception. You cannot be discharged from the military simply for filing for bankruptcy. The military does not have the authority to do so. However, certain types of debts, such as child support, can lead to a dishonorable discharge if not paid. 2. **Myth:** You can’t get certain types of loans if you file for bankruptcy. Truth: This is not true. While it is true that filing for bankruptcy can hurt your credit score, it does not mean that you are unable to get certain types of loans. In fact, it is possible to get a loan while in bankruptcy. 3. **Myth:** You can’t get a security clearance if you file for bankruptcy. Truth: This is not true. Filing for bankruptcy does not automatically disqualify you from getting a security clearance. However, your financial situation will be taken into consideration when your clearance is being reviewed. 4. **Myth:** You can’t keep your home if you file for bankruptcy. Truth: This is not true. Depending on your situation, you may be able to keep your home **Will I Will Lose My Security Clearance** This is a common misconception about filing for bankruptcy in Texas. It is not true. Filing for bankruptcy does not automatically result in the loss of a security clearance. The clearance will only be affected if the bankruptcy is due to financial mismanagement or other factors that would suggest a lack of responsibility or a tendency to be reckless with finances. **Will I Pass the Means Test?** No, you do not have to pass the means test in order to file for bankruptcy in Texas. The means test is only required for certain types of consumer bankruptcy, such as Chapters 7 and 13. If you are filing a military-related bankruptcy in Texas, you are not required to pass the means test. However, you may still need to meet certain requirements in order to be eligible for military bankruptcy. For example, you may need to provide documentation that you are actively serving in the military and have a valid military ID. Additionally, you may need to show proof of financial hardship. **Will I Lose All My Property** No. in Texas, your property is protected by state law, called the Texas homestead exemption. This law allows you to keep some of your property, even if you file for bankruptcy. The amount of property you can keep depends on your particular circumstances, but the law allows you to keep up to $60,000 in equity in your home, $30,000 in equity in your car, and other personal property up to certain limits. **Bankruptcy Won’t Cover Medical Debt** This is a common misperception. Medical debt is typically covered in bankruptcy, regardless of whether the medical provider is a military provider or not. Medical bills are discharged just like any other debt. The only exception is if the medical provider was a military hospital or clinic, then the debt may still remain after the bankruptcy filing. 1. Bankruptcy is the same in every state: False. Bankruptcy laws vary from state to state and can be complicated. In Texas, there are special rules for military members who wish to file for bankruptcy. 2. Bankruptcy will ruin your credit for life: False. Bankruptcy does remain on your credit report for up to 10 years, but it does not have to remain a long-term impact. Depending on your financial situation, you may be able to rebuild your credit score relatively quickly. 3. Bankruptcy will discharge all debts: False. Bankruptcy will only discharge certain types of debts, such as credit card debt. Other types of debt, like student loans and child support, cannot be discharged in bankruptcy. 4. Filing for bankruptcy is a sign of failure: **False.** Bankruptcy can be a sign of financial hardship, but it can also be a way to help people get a fresh start and regain control of their finances. 5. Bankruptcy will stop all debt collectors: False. While filing for bankruptcy can stop some debt collectors from contacting you, it will not stop all of them. It is important to understand your rights and take steps to protect yourself. **Categories:** Attorney **Tags:** Bankruptcy Information, Chapter 11, Credit Repair, Military Bankruptcy Chapter 7 --- ### [Have Business and Consumer Bankruptcy Filings Decreased?](https://www.veronicadeaver.com/bankruptcy-filings-texas-business/) **Published:** April 26, 2023 **Author:** Veronica Deaver **Content:** **Bankruptcy Statistics in 2022** It is impossible to predict the exact bankruptcy statistics for the year 2022. However, there are some factors that can be taken into account when attempting to make predictions for the future. For example, the current economic climate and the state of the job market both of which can have an impact on bankruptcy rates. Additionally, changes in legislation and policy, such as the implementation of bankruptcy laws, can also influence the number of people filing for bankruptcy. Consumer Bankruptcy in 2020 v. 2021 Consumer bankruptcy filings decreased in 2021 compared to 2020. In the first three months of 2021, Chapter 7 bankruptcy filings, which allow individuals to discharge their debts, were down by 24.6 percent compared to the same period in 2020. Meanwhile, Chapter 13 bankruptcy filings, which allow individuals to restructure their debts, decreased by 16.7 percent. Overall, consumer bankruptcies decreased by 22.2 percent in the first quarter of 2021 compared to the same period in 2020. **Did Bankruptcy Filings Fall in 2022?** No, it is too early to predict whether bankruptcy filings will fall in 2022. The number of bankruptcy filings can depend on a variety of factors, such as economic conditions and changes in the law. This is despite a surge in bankruptcies in the months of December 2020 and January 2021 due to the COVID-19 pandemic. The decrease in consumer bankruptcy filings reflects a gradual improvement in the economy. Business Bankruptcy in 2020 v. 2021 Business bankruptcy filings also decreased in 2021 compared to 2020. In the first quarter of 2021, Chapter 11 bankruptcy filings, which allow businesses to restructure their debts, decreased by 24.5 percent compared to the same period in 2020. Meanwhile, Chapter 7 bankruptcy filings for businesses, which allow them to liquidate their assets and discharge their debts, decreased by 39.1 percent compared to 2020. **Small Business Reorganization Act** the Small Business Reorganization Act of 2019 is a law in the United States that provides an easier, less costly alternative to Chapter 11 bankruptcy for small businesses. The Act establishes a new form of bankruptcy, Subchapter V, which allows eligible small business debtors to reorganize their debts and pay them off in a more manageable manner. It also provides additional protections for small business owners from creditors, including the ability to reject certain executory contracts and unexpired leases and the ability to “cram down” certain secured claims. The Act is designed to help small businesses facing financial difficulty reorganize their finances in a more efficient manner and remain in business. ## Need Bankruptcy Advice? Your time may be limited If you are filing under the Small Business Reorganization Act, so do not delay in reaching out for experienced legal help. **Categories:** Attorney **Tags:** Bankruptcy Information, Consumer Bankruptcy --- ### [Secured Credit Cards After Bankruptcy](https://www.veronicadeaver.com/secured-credit-cards-after-bankruptcy-rebuild-credit/) **Published:** April 12, 2023 **Author:** Veronica Deaver **Content:** **What Is a Secured Credit Card?** A secured credit card is a credit card that requires a security deposit as collateral for the card. The security deposit is typically equal to the amount of the credit limit that you are approved for. The funds in the security deposit are used as collateral against the balance of the card. You can usually get a higher credit limit if you are able to put down a larger security deposit. When selecting a secured credit card, it’s important to look for one that has a low annual fee, a low interest rate, and rewards. You’ll also want to make sure that the card reports to all three major [credit bureaus](https://www.usa.gov/credit-reports) so your credit history is improved. Lastly, it’s important to make sure that the card issuer is reputable and has a good customer service record. By selecting a secured credit card and using it responsibly, you can rebuild your credit and set yourself up for success in the future. Although sites like [WalletHub ](https://wallethub.com/best-bankruptcy-credit-cards)provide overviews of secured credit cards, it’s always essential to review the terms of a credit card and what it could cost you. Secured Credit Cards After Bankruptcy in Colin County, TX? Secured credit cards after bankruptcy may be available in [Collin County, TX](https://www.veronicadeaver.com/bankruptcy-lawyers-attorneys-near-me-mckinney-tx/). However, the best way to find out for sure is to contact the local banks and credit unions and ask about their policies. Many banks and credit unions may have specific requirements for bankruptcy filers and may not always offer secured credit cards. It is also important to remember that even if a secure credit card is available, it may come with higher interest rates and other fees. **What Is a Prepaid Debit Card?** A prepaid debit card is a payment card that is pre-loaded with a set amount of money. This type of card is an alternative to traditional bank-issued debit cards and can be used to make purchases or withdraw money from an ATM. It is important to note that prepaid debit cards are not linked to a bank account, so you cannot use them to pay bills or to make deposits. **Choosing a Secured Credit Card** If you are looking to build or rebuild your credit, a secured credit card can be a great option. A secured credit card requires you to put up a security deposit. This deposit is then used as the credit limit for the card. When you make payments on time and use the card responsibly, you will build your credit score and may eventually be able to upgrade to a regular credit card. When choosing a secure credit card, it’s important to consider a few factors. First, look for a card with a reasonable annual fee and low-interest rate. You should also look for a card that has a rewards program, such as cashback or points so that you can earn something for your spending. It’s also important to make sure the card issuer reports your payment history to the major credit bureaus, as this is how your credit score will improve. Finally, look for a card with a low minimum deposit requirement and a reasonable credit limit. Whether you’re seeking bankruptcy for your family, business, or yourself, we serve everyone in [North Dallas](https://en.wikipedia.org/wiki/North_Dallas), [Collin County](https://www.niche.com/places-to-live/c/collin-county-tx/), Cooke County, Denton County, Grayson County, and Rockwall County. We are here to tell you that bankruptcy can help you get a fresh start in a better financial place so you can breathe easily. And live again. **ZIP codes** 75206, 75209, 75220, 75225, 75229, 75230, 75231, 75238, 75240, 75243, 75244, 75248, 75251, 75252, 75254, 75287 ### Struggling with your debts? Call 214-282-5024 or contact us online today. **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [The Means Test](https://www.veronicadeaver.com/mckinney-tx-chapter-7-means-test/) **Published:** September 11, 2023 **Author:** Veronica Deaver **Content:** ## What Is the Means Test Before filing for Chapter 7 bankruptcy in Texas? **[(214) 282-5024]()**. Learn more about the means test and how it applies to filing for Chapter 7 bankruptcy in Texas. Discover the essential information you need to know before proceeding with your bankruptcy case at **[The Law Offices Of Veronica Deaver.](https://www.veronicadeaver.com/about/meet-veronica/)** What is the [**Means Test**](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) Before Chapter 7 in McKinney TX.? The means test is a formula to determine if a debtor has enough disposable income to repay their debts under Chapter 7 bankruptcy. If the debtor’s disposable income is above a certain amount, they are presumed to be able to repay their debts and cannot file for Chapter 7 bankruptcy in McKinney. The Texas-adjusted median income determines the income level at which the means test applies. For 2023, the Texas-adjusted median income is $7,475 per month for a single person and $12,475 per month for a married couple. Suppose your current monthly income is below the Texas-adjusted median income. In that case, you are automatically presumed to have filed for bankruptcy in good faith and can file for Chapter 7 bankruptcy without taking the means test. If your current monthly income exceeds the Texas adjusted median income, you must take the means test to determine if you qualify for Chapter 7 bankruptcy. The means test will consider your income, expenses, and debts to determine if you have enough disposable income to repay your debts. Many expenses are allowed under the means test, such as housing, food, transportation, and medical expenses. If you have high costs, you can pass the means test even if your income is above the median. If you fail the means test, you may still be able to file for Chapter 7 bankruptcy if you can show that your circumstances make it impossible to repay your debts. This is known as the “hardship exemption.” It is essential to speak with an experienced bankruptcy attorney to determine if you qualify for **[Chapter 7 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/)** and to help you complete the means test. ## Here are the steps on how to file for Chapter 7 bankruptcy in Texas: 1. Gather your financial information. This includes your income, expenses, debts, and assets. 2. Schedule a consultation with a bankruptcy attorney. The attorney can help determine if bankruptcy is right for you and walk you through the process. 3. Determine if you qualify for Chapter 7 bankruptcy. This will involve taking the means test. 4. Get credit counseling. This is required before you can file for bankruptcy. 5. Prepare your bankruptcy petition. This is the document that you will file with the court. 6. File your bankruptcy petition. This can be done online or in person. 7. Attend a meeting of creditors. This is a hearing where creditors can ask you questions about your bankruptcy. The process of **[filing for Chapter 7](https://www.veronicadeaver.com/overview-of-chapter-7-bankruptcy-mckinney/)** bankruptcy in Texas can be complex. It is crucial to speak with an experienced bankruptcy attorney to get help with the process. Learn about the means test and how it applies to filing for Chapter 7 bankruptcy in Texas. Discover the essential information you need to know before proceeding with your bankruptcy case at The Law Offices Of Veronica Deaver. Serving Dallas, Lewisville, Denton, Frisco, Plano, TX. Dallas Bankruptcy Attorney. Lewisville Bankruptcy Lawyer. Call **[(214) 282-5024]()**. **Categories:** Attorney **Tags:** Bankruptcy Information --- ### [Recession 2023 – is it coming, and what does it mean?](https://www.veronicadeaver.com/recession-what-you-need-to-do/) **Published:** April 26, 2023 **Author:** Veronica Deaver **Content:** It is impossible to predict the coming of a recession in 2023 with any degree of certainty. Economists and financial professionals look at a variety of indicators, such as economic growth, employment, inflation, and consumer spending, to determine if a recession is on the horizon. If a recession were to occur in 2023, it would mean that the economy is in a period of decline. This could be characterized by declining GDP, higher unemployment, reduced consumer spending and investment, and rising public debt. A recession can have a variety of effects on businesses, households, and the overall economy. Businesses may cut back on hiring and investments, leading to a decrease in economic activity. Households may have difficulty covering basic expenses and may need to take on more debt to make ends meet. Governments may have to implement austerity measures to reduce public spending. All of this can lead to a decrease in economic growth, which can have long-term impacts on the economy. ## There are 2 very different kinds of US recessions—and America is likely headed for something totally worse than 2008. The Great Recession hit America hard from December 2007 to the middle of 2009; millions of US residents lost their livelihoods and homes. It was the worst economic downturn since the 1930s and the Great Depression, and it took almost a decade for the labor market to fully recover. There are very few people still alive who remember the Great Depression, so the recession in 2008 is the only true recession that most Americans have experienced. Sure, we hit a downturn when COVID restrictions locked everything down in 2020, but that was not a true recession. Because most people have only experienced the recession of 2008, all of the predictions of a “major” recession in 2022 have most of the population freaking out – but recessions are a perfectly normal part of business cycles. Many economists agree that a worst-case scenario is not likely in 2022. Harvard economist Jason Furman suggests that even if a recession happens, the chances of it being a worst-case, all-out financial collapse like 2008’s recession are slim. Stephen Miran, a former senior adviser at the US Department of the Treasury, told *Forune* that recessions “are an unavoidable fact of economic life. We were fortunate in the previous cycles to have gone a pretty long time without a recession. But actually, you know, recessions happening has been the norm throughout most of economic history.” He believes that it is more likely that the economy will experience a “garden variety recession,” not a massive financial crisis like the Great Recession of 2008. **Not all recessions are the same,** so it is impossible to predict whether a recession will occur in 2023. It is also impossible to predict what a potential recession in 2023 would look like. However, economists and other experts can make educated guesses about potential factors that could lead to a recession in 2023. These factors may include changes in economic policies, significant downturns in business activity, or a major global event that affects the world economy. It is important to remember that predicting the future is an inexact science and that any potential recession in 2023 could look very different from previous recessions. **Recession risk factors** Are always present, and predicting a recession is difficult. In the US, there are currently no signs or indicators that point to an imminent recession in 2023. In fact, the economy is expected to continue its current trend of growth, barring any unforeseen circumstances, such as a large-scale pandemic or a major geopolitical event. However, it is always important to be aware of the potential risks of a recession, such as a slowdown in economic growth, inflation, and a decrease in consumer spending. In the event of a recession, it typically means a decrease in economic activity, which can lead to job losses, a decrease in wages, and higher levels of poverty. Additionally, a recession can lead to a decrease in the value of investments, as well as a decrease in the availability of credit. Ultimately, it is impossible to predict the future of the economy with any degree of certainty. It is important to stay informed and prepare for potential risks, such as a recession, to ensure that you are prepared for any eventuality. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/contact-hop.png "Contacthop | the Law Office of Veronica Deaver") Contact Us Today **CALL OUR EXPERT BANKRUPTCY ATTORNEYS TODAY** [ (214) 282-5024 ](tel:2142825024) **Categories:** Attorney **Tags:** Recession --- ### [Bankruptcy Frequently Asked Questions in Texas](https://www.veronicadeaver.com/bankruptcy-frequently-asked-questions-in-texas/) **Published:** May 9, 2023 **Author:** Veronica Deaver **Content:** **How much debt do you have to have to file for bankruptcy in Texas?** There is no set amount of debt required to file for bankruptcy in Texas. Any individual or business may file for bankruptcy, depending on their particular circumstances. **Will I lose my tax refund if I file Chapter 7?** Yes, you will likely lose your tax refund if you file for Chapter 7 bankruptcy. Any assets you may have acquired through the refund may be liquidated to pay off your creditors. **What assets are exempt from bankruptcy in Texas?** In Texas, certain assets are exempt from bankruptcy, meaning they are protected from creditors. These assets include: 1\. Homestead: up to $60,000 in equity for a single person and up to $100,000 for a married couple. 2\. Motor vehicle: up to $30,000 in equity. 3\. Tools of the trade: up to $30,000 in equity. 4\. Retirement accounts: up to $1,500,000 in equity. 5\. Wages: up to 75% of earned but unpaid wages. 6\. Personal property: up to $60,000 in value, including furnishings, clothing, appliances, books, and jewelry. 7\. Insurance: proceeds from life insurance policies, annuity payments, and disability benefits are exempt. 8\. Public benefits: Social Security, public assistance, and veterans’ benefits are exempt. 9\. Alimony and child support: these payments are exempt. **How long does a Chapter 7 bankruptcy stay on your credit in Texas?** In Texas, a Chapter 7 bankruptcy will remain on your credit report for up to ten years. Chapter 7 bankruptcy wipes all debt. [Filing for Chapter 7 bankruptcy](https://www.veronicadeaver.com/bankruptcy-lawyers-attorneys-near-me-mckinney-tx/) does not automatically freeze your bank account. However, the bankruptcy court may take control of the assets in your bank account in order to use them to pay off your creditors. Therefore, it is important to speak to a bankruptcy attorney prior to filing for Chapter 7 bankruptcy in order to understand all of the potential ramifications. **Can I keep 2 cars in Chapter 7?** Yes, [you can keep two cars in Chapter 7](https://www.veronicadeaver.com/mckinney-texas-chapter-13-bankruptcy-vehicle-repossession/) bankruptcy. However, the value of both cars combined must be less than the state’s exemption amount for motor vehicles. Most states allow you to keep up to $4,000 in equity in one car. If the combined value of the two cars exceeds this amount, you may be required to surrender one or both of the vehicles. **Can you keep your house in Chapter 7 in Texas?** Yes, it is possible to keep your house in Chapter 7 bankruptcy in Texas. Texas is a state that follows the federal exemptions when it comes to bankruptcy. Under federal exemption laws, [homeowners are allowed to keep their primary residence](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) under Chapter 7 bankruptcy. However, it is important to note that if the equity in the home exceeds the amount allowed by the exemption laws, the trustee may attempt to sell the home in order to pay creditors. Therefore, it is important to consult with a qualified bankruptcy attorney before proceeding with a Chapter 7 bankruptcy filing. **Can a creditor reject bankruptcy?** Yes, a creditor can reject bankruptcy. Creditors typically reject bankruptcy when the debtor has more assets than the bankruptcy will protect or if the creditor does not believe that the debtor will be able to pay back the debt through the bankruptcy process. **What is the average credit score after Chapter 7?** The average credit score after Chapter 7 is typically around 550. **How much cash can I keep in Texas bankruptcy?** In Texas, you are allowed to keep some of your property when you file for bankruptcy. This includes $60,000 in equity in a homestead, up to $4,000 in a motor vehicle, up to $2,500 in jewelry, up to $30,000 in a retirement account, and up to $2,500 in cash. Can your credit recover after bankruptcy?** [Can your credit recover after bankruptcy?](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/) Yes, it is possible to recover your credit after bankruptcy. It will take time and dedication to rebuild your credit, but it can be done. To rebuild your credit, you should pay all your bills on time, pay down any existing debt, and consider getting a secured credit card to start establishing a positive payment history. Additionally, you may want to contact the credit bureaus to remove any negative items related to your bankruptcy. **What assets are exempt from bankruptcy in Texas?** In Texas, the following assets are exempt from bankruptcy: 1\. Homestead: Up to $125,000 in equity in your primary residence as a homestead exemption. 2. Motor vehicle: Up to $30,000 in equity in one motor vehicle. 3\. Tools of the trade: Up to $7,500 in equity in tools of the trade. 4\. Retirement: Tax-exempt retirement accounts, such as a 401(k), IRA, or other qualified plans. 5. Life insurance: Cash surrender value of life insurance policies. 6\. Alimony and child support: Alimony, maintenance, and child support payments are necessary for support. 7\. Personal property: Up to $60,000 in equity in household goods, clothing, books, and other items necessary for basic living. 8\. Public benefits: Social security benefits, unemployment compensation, public assistance, and veteran’s benefits. 9\. Wildcard: Up to $15,000 in equity in any type of property. **Will I lose my house if I file for bankruptcy in Texas?** [It is possible that you could lose your house](https://www.veronicadeaver.com/mckinney-texas-bankruptcy-house-foreclosures/) if you file for bankruptcy in Texas. Depending on the type of bankruptcy you file, you may be able to keep your house if you can keep up with your monthly mortgage payments. If you cannot keep up with your payments, then the lender may be able to foreclose on your home. Additionally, if you have a lot of equity in your home, the trustee may be able to sell it to pay off your creditors. **How long after Chapter 7 can I sell my house in Texas?** You can typically sell your house after your Chapter 7 bankruptcy has been discharged, which can take up to three to four months from the time you file. It is important to note that you must have the court’s permission to sell any assets, including your home, during the bankruptcy process. **What are the 2 most common bankruptcies?** The two most common bankruptcies are Chapter 7 and Chapter 13. Chapter 7 bankruptcy is a liquidation bankruptcy that erases most debt, while [Chapter 13 is a reorganization bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) that allows a debtor to keep certain assets and proposes a repayment plan for creditors. **Who gets paid first in Chapter 11?** In [Chapter 11 bankruptcy,](https://www.veronicadeaver.com/business-chapter-11-bankruptcy-mckinney-tx/) secured creditors typically receive payment before unsecured creditors. Secured creditors are creditors who have a lien or other security interest in the debtor’s assets, such as a mortgage lender on a home or a car loan lender on a car. Unsecured creditors are those who don’t have a lien or security interest in the debtor’s assets. **What is the difference between bankruptcy 7, 11 and 13?** [Bankruptcy 7](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) is also known as liquidation bankruptcy and is designed for individuals or businesses that can no longer pay their debts and need to liquidate their assets to pay the creditors. Bankruptcy 11 is also known as a reorganization bankruptcy and is designed for those who need to reorganize their debts in order to make their payments more manageable. Bankruptcy 13 is also known as a wage earner plan and is designed for individuals who can make regular payments on their debts over a period of time. **Does bankruptcy clear all debt in Texas?** No, [bankruptcy](https://www.veronicadeaver.com/faq/) does not clear all debt in Texas. Depending on the type of bankruptcy filed, some debts may be cleared while others may remain. It is important to consult with an experienced bankruptcy attorney to understand how bankruptcy may impact your debt. **Can you hide money before bankruptcy?** No, hiding money before filing for bankruptcy is illegal and considered fraud. If you are found to have done so, you could be subject to criminal charges. **Which debt can never be erased by bankruptcy in Texas?** Debts that can never be erased by bankruptcy in Texas include child support, most types of taxes, and student loans. **Should I close my bank account before filing for bankruptcy?** It is not necessary to close your bank account before filing for bankruptcy. However, you may want to consider closing it if you think that having an open account may put you at risk of potential creditors making a claim against your account. **Can a bank take your money in bankruptcy?** Yes, if the [bankruptcy](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/) court has determined that the money should be used to pay creditors, the bank can take the money from the debtor’s account. **Do bankruptcies ever get denied?** Yes, bankruptcies can be denied, usually when the bankruptcy court finds that the filer is not eligible for bankruptcy protection, has not met the filing requirements, has not provided all of the required paperwork, or has committed fraud. **Why would Chapter 7 be denied?** Chapter 7 bankruptcy can be denied for a variety of reasons. These include failing to complete the mandatory credit counseling and financial management courses, failing to provide the necessary paperwork, or having too much disposable income to qualify for Chapter 7. Additionally, if the bankruptcy court finds that the filer has committed fraud or is attempting to abuse the bankruptcy process, they may deny the petition. **How fast can you file for bankruptcy in Texas?** The process of filing for bankruptcy in Texas typically takes between 30 and 45 days. The timeline for filing for bankruptcy in Texas can vary depending on the type of bankruptcy you’re filing for. Generally, the process takes around 3 to 4 months from start to finish. **What assets are safe from bankruptcy?** Assets that are safe from bankruptcy are assets that are exempt from the bankruptcy estate. These include certain amounts of equity in a home, certain retirement accounts, and personal property such as household items and clothing. Other assets that are generally exempt from bankruptcy include disability and Social Security benefits, certain life insurance policies, and alimony and child support payments. **What is the look-back period for bankruptcy in Texas?** The look-back period for bankruptcy in Texas is two years. This means that creditors can look back two years from the date of filing to determine if any assets were transferred to friends or family members or sold at substantially below market value. **What is the 2 4 6 8 rule in bankruptcy?** The 2 4 6 8 rules in bankruptcy is a rule of thumb for determining whether a debtor can file for Chapter 7 relief or may be forced to file a Chapter 13 repayment plan. It states that a debtor whose income is greater than their state’s median income must pass a “means test” to determine eligibility for Chapter 7. The means test looks at the debtor’s income over the six months prior to filing and compares it to the debtor’s expenses over the same period. If the debtor’s income is more than two times the state median income, they can only file Chapter 7 if they can show that their disposable income is less than 8 times their state median income. Otherwise, they must file a Chapter 13 repayment plan. **What is the difference between Chapter 7 and 13 bankruptcy?** Chapter 7 bankruptcy is a liquidation process where a debtor’s assets are sold to pay creditors. Chapter 13 bankruptcy is a repayment plan where a debtor pays back certain debts over a period of 3-5 years. The amount paid back is determined by the debtor’s income and costs. Chapter 7 bankruptcy does not require a repayment plan, while Chapter 13 does. **How long after bankruptcy can you buy a house in Texas?** You can buy a house in Texas after bankruptcy, but the length of time depends on the type of bankruptcy you filed. Generally, if you filed a Chapter 7 bankruptcy, you could purchase a house two years after discharge. If you file a Chapter 13 bankruptcy, you can purchase a house after making all of your payments for the repayment plan. Depending on the specific situation, a lender may approve a loan application earlier than the two-year mark. **What documents are needed to file bankruptcy in Texas?** I n order to file for bankruptcy in Texas, you will need to provide the following documents: -Credit Counseling Certificate -Means Test Qualification -Proof of Income -Tax Returns -Bankruptcy Petition -Schedule of Assets and Liabilities -Schedule of Current Income and Expenses -Statement of Financial Affairs -Statement of Intentions -Proof of Payment of Filing Fee -Debtor’s Education Certificate. **What cards help build credit after bankruptcies?** 1\. Secured Credit Cards: Secured credit cards require a cash deposit, and the limit is usually equal to the amount of the deposit. The credit limit is usually low, and the card may come with a high annual fee. 2\. Credit Builder Loans: Credit builder loans are small loans designed to help people rebuild their credit. These loans are usually unsecured, and they are typically offered by banks, credit unions, and other lenders. 3\. Retail Credit Cards: Retail credit cards are offered by department stores, gas stations, and other retailers. These cards often have lower credit limits and higher interest rates, but they can still be used to build credit. 4\. Credit Union Cards**:** Credit unions are nonprofit financial institutions that are owned and operated by their members. Credit unions often offer low-cost credit cards with more favorable terms than those offered by other lenders. 5\. Credit-Builder Accounts: Credit-builder accounts are special accounts designed to help people rebuild their credit. These accounts are usually offered by banks and other lenders, and they require a minimum deposit. The funds in the account are then used to pay off debts, build a positive payment history, and improve credit scores. **Categories:** Attorney **Tags:** Bankruptcy Information --- ### [What to Do If You're Facing a Credit Card Lawsuit](https://www.veronicadeaver.com/what-to-do-if-youre-facing-a-credit-card-lawsuit-in-texas/) **Published:** July 25, 2023 **Author:** Veronica Deaver **Content:** ## What to Do If You’re Being Sued by a Credit Card Company **What to do if your credit card company sues you** If you need to catch up on your credit card payments, you may be served with a lawsuit from your credit card company. Don’t panic! There are steps you can take to protect yourself. **What to expect** What to do if you’re facing a credit card lawsuit. Options, tips, & how to rebuild your credit. When a credit card company sues you, they will file a lawsuit in court. You will be served with the case, giving you information about the debt and the court date. You can choose to defend yourself in court, but you may need a better defense if you owe the money. **Options for responding.** Sued by a credit card company? Don’t panic. Here are your options & how to protect your credit. If you don’t want to defend yourself in court, you can try to settle with the credit card company. However, be careful what information you give the [credit card company,](https://en.wikipedia.org/wiki/Credit_card) as they may use it to garnish your wages or bank account. Another option is to [file for bankruptcy](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/). This will stop the lawsuit and discharge your debt. However, bankruptcy can have negative consequences on your credit score. **Removing Judgment Liens** When someone you owe money to get a judgment against you, they may also put a lien on your home. In Texas, this is called an Abstract of Judgement, making it hard for you to sell or refinance your house. Our lawyer, [Veronica Deaver](https://www.veronicadeaver.com/about/), understands the importance of having a clear title to your home. She could check the records in the county where your home is; if she finds a lien, she could ask the Bankruptcy Court to remove it. The judge usually agrees, and Veronica could file a court order copy with the county. This can clear the title of your home and help you feel more secure. Our law firm near you in McKinney can offer this service to our clients. Most other law firms don’t help with this issue if you own a home. **Asking for a Settlement** If you talk to the McKinney lawyer suing you and ask for a deal, they will want you to fill out a form with information about your money. This includes all your things that are worth money and where your bank accounts are. The lawyer can take money from your bank accounts if you give this information. In Texas, it’s not allowed for someone to take money from your paycheck. But they can take it from your bank accounts. If you talk to the lawyer suing you and give them your bank account info, they can take your money. People from other states can say they are from another state and take your paycheck if your boss is outside Texas. Also, if you make a deal with the person who sued you, they will tell the tax people about the money they didn’t make you pay. That means you have to pay taxes for that money that was forgiven. **How to rebuild your credit** If you file for bankruptcy near [McKinney](https://en.wikipedia.org/wiki/McKinney,_Texas), the credit card company will likely report the debt as discharged on your credit report. This will improve your credit score over time. You can also improve your credit score by paying your bills on time and keeping your credit utilization low. Contact a bankruptcy attorney. If you’re facing a lawsuit from a credit card company, speaking with an [experienced bankruptcy](https://www.veronicadeaver.com/) attorney is essential. They can help you understand your options and protect your rights. **Categories:** Attorney **Tags:** Bankruptcy Information, Consumer Bankruptcy, Credit Repair --- ### [Overview of Chapter 7 Bankruptcy](https://www.veronicadeaver.com/overview-of-chapter-7-bankruptcy-mckinney/) **Published:** July 25, 2023 **Author:** Veronica Deaver **Content:** ## Chapter 7 Bankruptcy: A Fresh Start **Filing for Chapter 7 Bankruptcy in McKinney is one of the most widely** **used and well-known forms of Bankruptcy.** Chapter 7 accounts for about 70% of cases that are filed. [Chapter 7 bankruptcy](https://en.wikipedia.org/wiki/Chapter_7,_Title_11,_United_States_Code) is a type of bankruptcy that allows you to get rid of most of your unsecured debt. This includes credit card debt, medical debt, and personal loans. In exchange for the discharge of your debt, your non- exempt property may be sold, and the proceeds given to your creditors. **Get a fresh start with Chapter 7 bankruptcy. The Law Offices of** **Veronica Deaver in McKinney, TX can help you file for bankruptcy and** **get rid of your debt.** You must pass an income test to be eligible for [Chapter 7 bankruptcy](https://www.veronicadeaver.com/chapter-7-bankruptcy-frequently-asked-questions/). This test determines whether you can repay your debts. If you pass the income test, you can file for Chapter 7 bankruptcy and get a fresh start. **The Chapter 7 process is relatively quick and painless.** Most cases are completed within 3 months. During the process, you will need to provide information about your income and assets. You will also need to attend a creditors’ meeting. Are you struggling with debt? Chapter 7 bankruptcy can help you get a fresh start. Contact The Law Offices of Veronica Deaver in McKinney, TX today to schedule a consultation. **Examples of exempt property are:** · Retirement Accounts · Sporting Goods · Collectibles · Electronics · Furnishings · Homestead · Vehicles **Examples of non-exempt property include:** · Extra Cars, or boats, motorcycles, ATVs, etc. · Land or Homes that are not your homestead. **Summary: Taking Out Money from Your Bank Accounts** If someone is suing you and you ask them for a deal, they may ask you to give them information about your money. This includes things you own that are worth the money and where you keep your money in a bank account. They can take money directly from your bank account if you provide them with this information. In Texas, it is not allowed for someone to take money from your paycheck. However, they can take money from your bank account if you give them your information. People from other states can claim they are from another state and take money from your paycheck if your employer is outside Texas. When you make a deal with the person suing you, they will notify the tax authorities about the money they did not pay you. This means you will have to pay taxes on the money that was forgiven or not collected from you. Be cautious and consider getting legal advice before giving any information or making deals regarding your debts and finances. After the Chapter 7 process is complete, you will be discharged from your debts. This means that you will no longer be legally obligated to repay them. If you are struggling with debt, [Contact us today](https://www.veronicadeaver.com/contact-us/). Chapter 7 bankruptcy may be a good option for you. It can help you get a fresh start and improve your financial situation. Contact The Law Offices of [Veronica Deaver](https://www.yelp.com/biz/the-law-office-of-veronica-deaver-mckinney) in McKinney, TX today to learn more. **Categories:** Attorney **Tags:** Bankruptcy Information, Chapter 7 Bankruptcy, Military Bankruptcy Chapter 7 --- ### [Bankruptcy Exemptions - Basic Pitfalls](https://www.veronicadeaver.com/bankruptcy-exemptions-pitfalls-mckinney-prosper-tx/) **Published:** July 25, 2023 **Author:** Veronica Deaver **Content:** ## Bankruptcy Exemptions: Pitfalls to Avoid in McKinney TX Plano & Surrounding Areas **Texas Bankruptcy Exemptions: What You Can Keep** When you file for bankruptcy, you must list everything you own, also known as your assets. However, some exemptions allow you to keep a particular property even after filing for bankruptcy. These exemptions are meant to help you start fresh and not give you an advantage over others. Different states have [different exemption rules](https://www.nolo.com/legal-encyclopedia/texas-bankruptcy-exemptions.html), and in Texas, we have substantial exemptions that allow most people to keep all of their property even after filing for bankruptcy. This means you won’t have to give up your belongings to pay off your debts. Anything that does not fall under these exemptions becomes part of the bankruptcy estate. In a Chapter 7 bankruptcy case, the trustee can sell this property to pay off creditors. In a Chapter 13 bankruptcy case, the trustee ensures that your bankruptcy plan pays at least the value of your non-exempt property to your unsecured creditors. This is called the “Best Interest Test.” Here in Texas, you have the choice between federal and Texas exemptions. A knowledgeable bankruptcy attorney will assess your assets and determine which exemption system is best for you. There are common issues that can arise when it comes to exemptions, so it’s important to seek guidance from a professional. **Understanding Texas Bankruptcy Exemptions: What You Need to Know** In Texas, there are specific laws that protect your property when you file for [bankruptcy.](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) These laws are called exemptions. They determine what you can keep and what you may have to surrender to pay off your debts. One important rule to know is that Texas has its own set of exemptions, different from the federal ones. This means that the rules for bankruptcy in Texas may be more favorable to you, allowing you to keep more of your belongings even after [filing for bankruptcy. ](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/)For example, Texas has an unlimited exemption for equity in your home, meaning you can keep your house regardless of its value. This is good news for homeowners in Texas, significantly if the value of their homes has increased over time. However, being careful with your bank accounts and tax refunds is essential. Texas exemptions do not protect money in the bank or any tax refunds you may receive. If you file for bankruptcy on a day when you have cash in your bank account, the bankruptcy trustee may take money to pay off your debts. To navigate these complex rules and protect your assets, it’s wise to consult with an experienced bankruptcy attorney. **Texas Bankruptcy Exemptions: Safeguarding Your Property** When you file for bankruptcy in Texas, special rules allow you to keep certain belongings. These rules are exemptions, protecting your property from being taken away to pay off your debts. It’s important to know that the [exemptions in Texas](https://en.wikipedia.org/wiki/Bankruptcy_in_the_United_States) are different from those in other states. Texas has some of the most generous exemptions in the country. This means you can keep more belongings when you file for bankruptcy in Texas. For example, Texas has an unlimited homestead exemption. This means you can keep your home, regardless of its value, as long as it meets specific criteria. Other states have limits on the home’s value that can be exempted, but not in Texas. In addition to the homestead exemption, Texas also offers exemptions for personal property such as household goods, vehicles, and jewelry. These exemptions allow you to keep some value in these items. It’s essential to consult with a knowledgeable bankruptcy attorney to understand how these exemptions apply to your specific situation. They can guide you through the process and ensure you don’t lose more property than necessary. **Understanding Homestead Limitations in Texas** Texas has rules about how much of your home’s value you can protect if you file for bankruptcy. These rules are known as homestead limitations. These limitations prevent wealthy individuals from moving to Texas to take advantage of the state’s better bankruptcy exemptions. This is called forum shopping. Under these limitations, if you have recently moved to Texas within 1215 days, there is a cap on the amount of equity in your home that can be protected. As of now, this cap is set at $160,375. However, this amount is adjusted for inflation every three years so that it may change in the future. You must be aware of these limitations and consult a bankruptcy attorney to understand how they may affect your situation. They can help you navigate the rules and ensure that you make the best decisions regarding your home and bankruptcy. **Protecting Your Home in Texas Bankruptcy** When you file for bankruptcy in Texas, you can protect your home from being taken to pay off your debts. This is done through a special rule called the homestead exemption. The homestead exemption in Texas allows you to keep your home, regardless of its value, as long as it meets specific criteria. This means that even if you owe money and file for bankruptcy, you can still keep your house safe for you and your family. However, it’s important to note that there are limitations to the homestead exemption. If you recently moved to Texas within the past 3 years, there may be a cap on the amount of equity in your home that can be protected. This prevents people from taking advantage of Texas’ generous bankruptcy laws. **If you are considering bankruptcy, it is essential to speak with an [experienced bankruptcy](https://www.veronicadeaver.com/)** **attorney to discuss your options and ensure you know the exem**ptions that apply to you. **Categories:** Attorney **Tags:** Bankruptcy Information, Chapter 11, Consumer Bankruptcy --- ### [How to Choose the Best McKinney Bankruptcy Attorney](https://www.veronicadeaver.com/how-to-choose-the-best-mckinney-bankruptcy-attorney/) **Published:** October 20, 2023 **Author:** Veronica Deaver **Content:** ## How to Choose the Best McKinney Bankruptcy Attorney Finding the right **[McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/)** bankruptcy attorney is crucial for a successful outcome. Partnering with an experienced attorney is key. Here are tips to find the best lawyer for your needs. How to Choose the Best McKinney Bankruptcy Attorney -Filing for bankruptcy is complicated. Call for help. **[(214) 282-5024]()**. **The following will guide you in what to look for in the right McKinney bankruptcy attorney.** ## Checking Your Options Searching for a “**[Texas bankruptcy lawyer](https://www.veronicadeaver.com/bankruptcy-lawyers-near-me-mckinney-tx/)**” in the search engine’s results may not guarantee that the attorney is suitable for your needs. Pay attention to the following factors in your search: • Ensure that the attorney specializes in the specific type of bankruptcy you need. • Verify if the attorney practices in the same jurisdiction where your case will be filed. • Look for a track record of successful bankruptcy cases from the attorney. To find reliable referrals or reviews from actual clients, check the testimonials and referrals page on the attorney’s website. You can also ask for recommendations from an attorney you have previously worked with or someone who has filed for [bankruptcy](https://www.veronicadeaver.com/). ## The Fit ![expertise](https://www.veronicadeaver.com/wp-content/uploads/2023/10/expertise.png "Expertise | the Law Office of Veronica Deaver") Knowing an attorney’s achievements may not matter to you. Your comfort with them is what truly matters. Meeting a potential attorney in person will provide more insight than reading their bio. During the first meeting, ask these questions: • What bankruptcy cases have they handled? • How many similar cases have they completed? • Will the attorney handle your case or pass it to someone else? • Will the attorney handle multiple cases at once? • How long have they practiced in your area? These general questions will guide you in gathering information. This consultation is an interview, allowing you to determine their abilities and style as they learn about you and your case. Ask your questions to ensure a comfortable working relationship. ## Checking the Help During your consultation, assess how the attorney communicates. Do they patiently address your questions? Are the answers practical and clear? A proficient attorney should not only possess experience and expertise in the relevant field, but also: • Provide guidance throughout the filing process • Advise on available options and suitability for your situation • Explain unfamiliar aspects of the law • Empower you to comprehend your case and the associated laws Ultimately, select a McKinney bankruptcy attorney who will lead you towards your desired outcome and pave the way for success post-bankruptcy. ## FAQs **Q: What Percentage Do You Pay Back in Chapter 13?** A: Chapter 13 requires repayment of debts through a 3-5 year payment plan. You make monthly payments to a court-appointed trustee, instead of multiple creditors. The repayment amount is based on your income, debt types, and property owned. For instance, you may only need to pay back 10%. **Q: What Happens When You Declare Bankruptcy in Texas?** A: Filing for bankruptcy gives you the right to stop debt collection attempts by creditors. Federal law handles bankruptcy cases and stops all collection efforts until your debts are sorted out. Then, you and your attorney create a repayment plan based on the type of bankruptcy you filed, which is proposed to the court. **Q: Is Chapter 13 Better Than 7?** A: There are key distinctions between Chapter 7 and Chapter 13 bankruptcy. To determine the suitable option for your scenario, it is advisable to consult a knowledgeable bankruptcy attorney. Typically, Chapter 7, accessible to those with lower income, is simpler to resolve as asset liquidation covers most debts. Conversely, Chapter 13 enables retention of more property while requiring extended payment plans for completion. **Q: How Long Is the Bankruptcy Process in Texas?** A: Once your bankruptcy petition is filed in Texas, it will take about 30-45 days for a meeting of creditors and up to 60 days for objections. Chapter 7 bankruptcy can be completed in 4-6 months, while Chapter 13 can take 3-5 years. Our attorneys provide personal attention and answers to your questions, making the process less daunting. Contact us today to start your bankruptcy journey. We Can Help **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [How to Find the Best Bankruptcy Attorney in Frisco](https://www.veronicadeaver.com/how-to-find-the-best-bankruptcy-attorney-in-frisco-tx/) **Published:** October 20, 2023 **Author:** Veronica Deaver **Content:** ## How to Find the Best Bankruptcy Attorney in Frisco, TX If you’re facing bankruptcy and need the best bankruptcy attorney in Frico Texas you’re likely overwhelmed by overwhelming debt. This stress can be compounded when trying to navigate the bankruptcy process on your own. Failing to maximize the benefits of bankruptcy can have lasting consequences. That’s why it’s crucial to seek the guidance of an experienced Irving bankruptcy lawyer. They can provide the support and expertise needed to make informed decisions that will pave the way for a fresh start and financial freedom. Get the best bankruptcy Attorney in Frisco-We understand how emotionally draining bankruptcy can be.**[ (214) 282-5024]()** ## Bankruptcy [**The Means test**](https://www.veronicadeaver.com/mckinney-tx-chapter-7-means-test/): Bankruptcy is a federal process designed to aid individuals overwhelmed by [**excessive debt**](https://www.veronicadeaver.com/why-bankruptcy-is-better-than-credit-counseling/). It allows them to either sell assets to repay debts or establish a repayment plan. Petitions can be filed by individuals, couples, municipalities, corporations, or other entities. Bankruptcy cases are overseen by federal courts, adhering to guidelines outlined in the U.S. Bankruptcy Code. Each type of bankruptcy is commonly referred to by its corresponding chapter in the code, including: **Each type of bankruptcy is generally referred to by the relevant chapter in this code and includes:** • Chapter 7 • Chapter 9 • Chapter 11 • Chapter 12 • Chapter 13 • Chapter 15 ## Indications of a Strong Bankruptcy Attorney ![expertise](https://www.veronicadeaver.com/wp-content/uploads/2023/10/expertise.png "Expertise | the Law Office of Veronica Deaver") Choosing the right bankruptcy attorney in Frisco TX is crucial for the success and smoothness of your case. With numerous options available, it’s crucial to filter your search effectively. Here are some factors to consider in finding the ideal attorney for your needs: Considering these factors can help you find an attorney who is right for you: **• Local to Your Area** While bankruptcy is a federal process, it’s important to note that rules and regulations can differ among locations. Choosing a local attorney ensures they are familiar with applicable laws, ensuring proper **[management of your bankruptcy](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/)**. Additionally, a local attorney is well-versed in the financial climate and specific needs of your community. When searching for a Frisco attorney, prioritize those experienced in handling cases in your area. **• Positive Reviews** Attorneys for bankruptcy in Frisco, TX rely on a good reputation within their community, making it crucial to assess their standing before hiring. Seek input from those who have previously consulted with an attorney for bankruptcy, as they can provide valuable experience. You can also search the web for reviews on attorneys you are considering, which offers insights into their expertise and team. **• Experience With Situations Similar to Yours** Every bankruptcy is unique, tailored to the individual or family filing, and it’s important to find an attorney who understands the specific nuances of your case. It’s crucial to inquire about the attorney’s experience in handling bankruptcies similar to yours to ensure they are well-versed in the relevant rules and regulations. It’s particularly important that they have expertise in the specific chapter of bankruptcy you are considering. Moreover, attorneys who specialize in bankruptcies should be given more weight than those who handle a broader spectrum of cases. Contact Veronica Deaver today **• Personality Mesh** When consulting attorneys, personality is as crucial as skill. Bankruptcy is deeply personal. Being open about such an emotional situation is tough. But, for a successful bankruptcy, honesty with your attorney is essential. Select a lawyer you can openly communicate with and who matches your communication style. • your own should be strongly considered when choosing your lawyer. ## FAQs **Q: Will I Be Forced to Surrender All My Assets If I File for Chapter 7 Bankruptcy?** A: Filing for Chapter 7 bankruptcy Frisco Texas doesn’t mean losing all assets. Federal and Texas laws offer exemptions to protect certain assets from liquidation. Texas laws are particularly favorable, with exceptions for property below specified acreage limits in rural or town areas. **Q: What Is Loan Modification?** A: Loan modification is a viable alternative to bankruptcy. It involves negotiating a modified loan agreement between a creditor and debtor, resulting in a reduced payment amount. This enables the debtor to avoid bankruptcy and allows the creditor to recoup at least some of the debt. Experienced bankruptcy attorneys can effectively approach creditors for debt negotiation. **Q: Will My Credit Score Be Severely Impacted by Filing for Bankruptcy?** A: The impact of bankruptcy on your credit score varies based on factors like your existing score, credit history, and other credit factors. Bankruptcies can stay on your credit report for up to ten years, which can lower your score and make it harder to acquire new lines of credit. However, if your score is already low and the bankruptcy lowers your debt-to-income ratio significantly, your score may improve. **Q: Will I Have to Go to Court If I File for Bankruptcy?** A: In most cases of bankruptcy filings, you’ll only need to attend a meeting with creditors, known as the “creditors’ meeting.” Here, you’ll meet with any attending creditors and the bankruptcy trustee. This meeting is typically brief and straightforward, involving questions regarding your financial situation and bankruptcy documents. Unless there are complications or you contest your debt, a court appearance is not necessary. ## Dedicated Bankruptcy Representation As specialists in consumer bankruptcy, Veronica Deaver Firm is committed to ensuring your financial future. We empathize with the complexities and emotional toll of bankruptcy, offering a non-judgmental approach to your case. Whether bankruptcy or debt modification is the better choice for you, our team is prepared to take on your case. Schedule a consultation today. We Serve: 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 ZIP codes for Frisco, Texas are: 75034, 75035, 75068, 75070, 75024 **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [What to Prepare When Meeting With a McKinney Bankruptcy Lawyer](https://www.veronicadeaver.com/what-to-prepare-when-meeting-with-a-mckinney-bankruptcy-lawyer/) **Published:** October 20, 2023 **Author:** Veronica Deaver **Content:** ## What to Prepare When Meeting With a McKinney Bankruptcy Lawyer Filing for bankruptcy is complex and draining. But with a skilled attorney and proper prep, it’s worth the hassle to regain financial stability. Ready yourself before meeting a McKinney bankruptcy lawyer. Before meeting with a McKinney bankruptcy attorney, make sure you are as prepared as possible. What to Prepare When Meeting With a Plano Bankruptcy Lawyer. **[(214) 282-5024]()**. ## What Should I Already Know About My Bankruptcy Options? Before meeting with your attorney for the first time, there is no need for you to have prior knowledge of bankruptcy law. Your attorney will discuss the specifics of your case with you and provide guidance on the available options and the recommended next steps. During this meeting, you will have the opportunity to ask any questions you may have about both Chapter 7 and Chapter 13 bankruptcy. If you have already conducted your own research and have a specific type of bankruptcy in mind, your attorney can still guide you through the process, regardless of your level of understanding. ## What Documentation Should I Have Ready? To ensure a smooth and efficient initial meeting with your attorney, it is advisable to come prepared with essential documents. Although your attorney may request specific items, having the following basics ready will expedite the process, exhibit the value you place on your time, and present a comprehensive overview of your financial status. By collecting the following documents in advance, you will be well-equipped for your first meeting. Kindly bring copies of the following: Please bring copies of your: • Mortgage statement • Home foreclosure paperwork, if the home foreclosed • Tax returns from the two most recent years • Car loan statement • Bank statements dating back 7 months • Driver’s license and social security card • Retirement accounts • Investment accounts • Life insurance policy, if owned • Marital settlement agreement, if divorced ## What Information Should I Be Ready to Answer? To provide you with the best advice regarding your bankruptcy case, your attorney will need to gather some information about your personal circumstances. This may involve answering questions like: This may include answering questions such as: • What is your combined gross household income? • What assets do you have? What is their worth? • Do any creditors have judgments against you? • Do you have children? If so, how many? • What is your marital status? • Do you own a business? • Do you owe back taxes? • Do you owe child support or alimony? At this stage, it may not be necessary to have documentation for the following topics. However, it is essential to be prepared to answer these questions, as they are what an attorney will ask to gain a comprehensive understanding of your current situation. ## What Costs Should I Expect to Pay? When considering **[declaring bankruptcy in McKinney, TX](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/)**, it’s important to note that an initial meeting with a bankruptcy attorney is typically free of charge. At Veronica Deaver Law Firm, we provide consultation where we can address any inquiries you may have and thoroughly examine the specifics of your situation. The cost of retaining an attorney for your case will be determined by various factors, such as the type of bankruptcy you’ll be filing for, the intricacy of your case, and the extent of your assets and debts. ## FAQs **Q: Do I Need a Lawyer to File for Bankruptcy in Texas?** A: When facing bankruptcy in Texas, selecting a proficient and qualified lawyer can have a remarkable impact on your case. Although not obligatory by law, an adept bankruptcy attorney brings crucial advantages such as in-depth understanding of bankruptcy laws, expert assistance in the filing process, tailored advice on the best options for your specific situation, aid with the tedious paperwork, safeguarding against creditors, as well as guidance on rebuilding your credit and securing your financial future after bankruptcy. While there may be associated expenses, the enduring savings and benefits greatly surpass the initial investment. **Q: How Much Does a Lawyer Charge for Chapter 13 in Texas?** A: Chapter 13 **[bankruptcy in Texas](https://www.veronicadeaver.com/)** requires hiring a lawyer, and the fees involved can range from $3,000 to $5,000. It is important to note that Chapter 13 is the costliest form of bankruptcy. This is because it involves a complex process of restructuring your finances, assets, and debts, as well as legally allowing you to retain certain properties under specific conditions. **Q: How Much Debt Do You Have to Have to File Bankruptcy in Texas?** A: When it comes to filing for bankruptcy in Texas, the minimum debt amount is not a factor to consider. The key determinant is the combination of your unsecured debts (credit cards, medical bills) and secured debts (mortgage, car payment), and not the total amount of debt. This information helps in determining the optimal timing for filing. **Q: Do Bankruptcies Ever Get Denied?** A: While it is uncommon, it is possible for your bankruptcy application to be denied for various reasons. One of the main reasons is if you apply for bankruptcy too soon after a previous bankruptcy. However, there are other factors that can lead to a denial, such as failing to provide necessary documentation, falsely reporting assets, or not meeting the eligibility requirements for bankruptcy. To ensure a smoother bankruptcy filing process and increase your chances of success, it is important to prepare for your initial meeting with your attorney. By doing so, you can expedite the filing process and set yourself and your attorney up for success. At Veronica Deaver Law Firm, our experienced attorneys are available to address your concerns and guide you through the application process. For assistance with filing for any type of bankruptcy, contact our McKinney offices today. ## Below are some helpful articles that discuss Chapter 7 Bankruptcy: • [**Overview of Chapter 7 Bankruptcy**](https://www.veronicadeaver.com/overview-of-chapter-7-bankruptcy-mckinney/) • **[Exemption Pitfalls](https://www.veronicadeaver.com/bankruptcy-exemptions-pitfalls-mckinney-prosper-tx/)** • **[The Means Test](https://www.veronicadeaver.com/mckinney-tx-chapter-7-means-test/)** • **[Why Bankruptcy is better than Credit Counseling](https://www.veronicadeaver.com/why-bankruptcy-is-better-than-credit-counseling)** **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [Overview of Chapter 13 Bankruptcy](https://www.veronicadeaver.com/overview-of-ch-13-bankruptcy/) **Published:** October 20, 2023 **Author:** Veronica Deaver **Content:** ## Overview of Chapter 13 Bankruptcy contact The Law Office of Veronica Deaver. (214) 282-5024 in Collin County, TX, **Experience** • Over 25 years of combined consumer debt experience • Board Certified in Consumer Bankruptcy Law Check out our Case Results! **Personable** • Non-Judgmental • Not Pushy • Flexible Appointment Options Check out our reviews! **Transparent & Competitive Pricing** • Always free consultation with free follow up Q &A • Payment plans available. • No gimmicks (no one files a case for $0 down) • No up-charging for joint filings, credit reports, amendments, etc **Convenience** • Book your own appointment online 24/7 • No information packets (ever) • Secure document portal • Online invoicing and payments **Our Philosophy** Debt can be a significant source of stress and burden, as a curse in many people’s lives. With their high-interest rates, creditors often want to keep individuals in debt indefinitely. However, freeing oneself from this financial burden can have numerous positive outcomes. Not only can it alleviate stress, but it can also allow individuals to become better parents, spouses, professionals, and friends. It opens up possibilities to pursue previously unattainable dreams and ideas. At our firm, we don’t judge how our clients accumulate their debt. Instead, we focus on educating them about their legal options so they can move forward and create a brighter future for themselves and their loved ones. We Serve 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 ## Interested in our assistance? [BOOK A FREE CONSULT ASK US A QUESTION ABOUT YOUR SITUATION](https://www.veronicadeaver.com/contact-us/) ## What is Chapter 7 Bankruptcy? It allows the discharge of qualifying debts under the **[Bankruptcy Means Test](https://www.veronicadeaver.com/mckinney-tx-chapter-7-means-test/),** such as credit cards and medical bills. However, certain debts like taxes and student loans may not be discharged. Consult a Bankruptcy Attorney to determine eligibility for discharge. In Texas, our robust exemption laws protect clients, allowing them to retain their property, such as their home, cars, retirement accounts, and tax refunds, when filing for bankruptcy. By filing Chapter 7, clients can eliminate unsecured debt without repayment, halt creditor collection efforts, discharge judgments, keep their property (in most cases), and rebuild their credit score post-Bankruptcy Discharge. Texas, we have very strong exemption laws which allow most clients to keep all their property including, cars, retirement accounts, and even tax refunds. ## WHO SHOULD FILE CHAPTER 7? If you have credit card debt and other unsecured bills you can’t pay, consider filing for **[Chapter 7](https://www.veronicadeaver.com/locations/)**. It eliminates debt and rebuilds your credit quickly. You may still qualify even if you make over $100k. Our office can determine your eligibility. File Chapter 7 in Collin County, TX, Eliminate debt, halt collections, discharge judgment, keep property, rebuild credit. 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 We provide expert guidance to safeguard clients throughout the bankruptcy process. We’ll assess your debts, assets, and income to advise on the most suitable bankruptcy option. Our role is to address your queries, offer solutions, and explore alternatives to bankruptcy if available. ## What is Chapter 13 Bankruptcy? Chapter 13 bankruptcy, also known as “wage earner’s plan” or “rehab bankruptcy”, lets you create a 3 to 5-year repayment plan based on future earnings to pay off debts to creditors. **Chapter 13 is ideal for situations like:** – Stuck in a cycle of credit card payments – Owing the IRS – Trying to stop foreclosure In the cycle of credit card payments, people use their paycheck to pay bills, including minimum credit card payments. They then have no money left and continue using the cards for everyday expenses. This leads to increasing credit card balances and interest. Under Chapter 13, in Collin County, TX, you can pay what you can afford without worrying about interest and get back to a cash-based system for your bills. **If you owe the IRS,** bankruptcy can discharge some debt but not all. The debt that can’t be discharged, called priority debt, must be paid back in a Chapter 13 filing. It’s often cheaper to include this debt in a Chapter 13 plan, as you don’t have to pay interest and penalties. **A Chapter 13 filing** also automatically stops foreclosure. You can then create a plan that considers mortgage arrears, rolling them into a payment over 36 to 60 months. ## STOP REPOSSESSION, LOWER CAR PAYMENT ![expertise](https://www.veronicadeaver.com/wp-content/uploads/2023/10/expertise.png "Expertise | the Law Office of Veronica Deaver") **[Chapter 13](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/)** stops repossession with automatic stay. The car cannot be sold for ten days after repossession in Texas. File before 10 days for a chance to get the car back and include it in the Bankruptcy Plan. **Chapter 13 reduces car payments by:** – Lowering interest rate – Paying the current car value instead of the owed amount (cram down) if the car is over 2.5 years old. **Hiring the right attorney is crucial in Chapter 13 bankruptcy cases.** Chapter 13 cases in Collin County, TX, can be more complex and easier to mishandle. There are various factors to consider, such as negotiating with the trustee on payment plans and addressing creditor concerns regarding interest rates, asset protection, and claim values. At Veronica Deaver, we often encounter cases from other attorneys who compromise with creditors and trustees instead of fighting for their clients’ best interests. **Overview of Chapter 13 Bankruptcy: A Brief Guide** Chapter 13, in Collin County, TX, also known as a reorganization plan, requires the submission of a viable plan to the Court and creditors for approval by the Judge. Chapter 13 is ideal for those with arrears on secured items, outstanding IRS debts, or who exceed the income limit for Chapter 7. To gain confirmation, the plan must be feasible, pass the disposable income test, and satisfy the best interest test. Compared to Chapter 7, Chapter 13 offers more flexibility with attorney fees and mitigates the potential risks associated with a Chapter 7 filing. **Chapter 13 remains popular, accounting for 25% of all Bankruptcy cases.** Debtors must submit a plan to the Court and creditors, which should be between 36 to 60 months in length. Most choose a 60-month plan for maximum payment flexibility. This plan clarifies how different types of debt, such as secured, priority, and unsecured, will be treated. Secured debt requires regular post-petition payments and a provision for any arrears, or full payment in the plan. **[Priority debt](https://www.veronicadeaver.com/bankruptcy-lawyer-collin-county-tx/)**, like tax payments, must be paid through the plan. Unsecured debt is treated as one class and the plan outlines if any will be paid in full. **Practical Point** Practical Point: In cases where secured debt is an issue, there is usually no need to pay unsecured creditors. This is because if the debtor is struggling to pay their secured debt, they likely cannot afford to pay unsecured creditors as well. Likewise, if there is no need to reorganize secured debt, it is likely that the debtor can afford to pay something back to unsecured creditors. These scenarios affect the tests for confirmation discussed below. **Confirmation Test** To have your plan confirmed by the Court, it must pass three tests: feasibility, disposable income, and best interest. **Feasibility** – This test assesses your ability to make the Chapter 13 plan payment. You must provide a budget that demonstrates your ability to make the payment. The Court does not want to confirm plans that are unlikely to succeed, especially for debtors behind on mortgage or car payments. If the situation hasn’t changed or the plan doesn’t save money, it is likely not feasible. **Disposable Income Test** – The disposable income test is the key factor in most Chapter 13 cases, similar to the means test in Chapter 7. It evaluates your income and expenses. Starting with household income, eligible expenses are deducted to determine if there is any remaining income. Note that some expenses are set by the Court, such as food, clothing, personal care, healthcare, and transportation. These expenses are based on IRS standards for your location and household size. Other expenses will vary by individual (car payment, mortgage payment, tax liability, health insurance deduction, flexible spending deduction, child support, child care, etc). The test aims for you to adhere to a court-ordered budget, with any remaining savings allocated to the Chapter 13 plan. This budget is followed for 5 years, after which any remaining unsecured debt is discharged. **A Practical Note** The disposable income test is similar to the Chapter 7 “Means Test,” but with one key difference. It allows for consideration of 401k deductions. Therefore, it is advisable for debtors to set up their 401k before filing, as 5 years’ worth of contributions can be more advantageous than a higher Chapter 13 plan payment. The Best Interest Test ensures that Chapter 13 serves the creditors’ best interests. It compares the distribution to unsecured creditors in a Chapter 13 plan to what they would have received in a Chapter 7 liquidation. The Chapter 13 plan must provide equal or greater distribution to unsecured creditors. For instance, if a debtor has a non-exempt boat worth $10,000, their Chapter 13 plan must allocate at least that amount to unsecured creditors. Note: In Chapter 13, the debtor keeps all their assets but must adhere to the Best Interest Test. This allows individuals to avoid potentially losing assets to a Chapter 7 trustee and maintain a cushion in their bank account. For example, a debtor could keep $10,000 in non-exempt funds in their bank account if they commit to allocating at least that amount in their Chapter 13 plan. This could equate to as little as $167 per month over a 60-month plan. This flexibility is a key aspect of Chapter 13. ## The flexibility of Chapter 13 is evident in various aspects **Some key examples of this flexibility include:** **1. Attorney fees:** In Chapter 13, the majority of attorney fees are paid through the repayment plan. This means that the attorney can be paid even at the expense of the unsecured creditors. In other words, your plan payment would remain unchanged even if the attorney did not receive any money. This is crucial because Chapter 13 cases typically involve higher costs due to their complexity. **2. Protection against a 727 action:** A 727 action is a legal procedure initiated by a creditor or the US Trustee to prevent the discharge of debt. However, in Chapter 13 cases, such actions cannot be brought. (Please note that 727 actions are rare even in Chapter 7 cases.) **3. Variable payment terms:** The disposable income test determines a monthly payment amount, which is then spread over a 60-month period to repay unsecured creditors. However, you are not bound to strictly follow the monthly payment amount. For instance, we often lower the plan payment for the first few months to allow the debtor to get back on their feet. Additionally, we can adjust the payment amount to increase later on when certain obligations, like a car loan, are paid off. **4. Focus on income rather than assets:** The Chapter 13 trustee primarily considers your income, rather than your assets. As a result, Chapter 13 can be seen as a way to gradually repurchase non-exempt assets from the trustee over an extended period of time (as determined by the Best Interest Test mentioned earlier). In many cases, the Best Interest Test may not even come into play as the Disposable Income Test demonstrates a higher repayment amount to unsecured creditors. **Conversion or Dismissal –** because the plan is voluntary you can dismiss your case or convert your case to a Chapter 7 (if eligible for conversion based on income). **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [Navigating Chapter 13 bankruptcy McKinney TX: Veronica Deaver](https://www.veronicadeaver.com/blog-im-chapter-13-bankruptcy-happens-tax-refund/) **Published:** July 2, 2024 **Author:** Veronica Deaver **Content:** ## What Happens to My Tax Refund During Chapter 13 Bankruptcy? Need an Affordable ***Chapter 13*** Lawyer in McKinney? Call (214) 282-5024 to learn how to Navigate Chapter 13 bankruptcy in McKinney Texas. Navigating Chapter 13 can be complex, especially when it comes to understanding what happens to your tax refund. The treatment of tax refunds under Chapter 13 bankruptcy varies depending on where your case is filed. Each court has specific local rules or general orders that govern these situations. For example, in the Eastern District of Texas, the Chapter 13 Trustee provides guidance and support to debtors regarding their tax refunds. Understanding these local differences is crucial for effectively managing your bankruptcy case. Consult with your [McKinney TX Chapter 13 bankruptcy attorney](https://www.veronicadeaver.com/practice-areas-in-bankruptcy/) to get precise information tailored to your specific filing location and situation. This will ensure you’re fully informed about how your tax refund will be handled during your Chapter 13 bankruptcy. In the Eastern District of Texas, the Chapter 13 Trustee permits a debtor to retain a tax refund of $2,000 or less. If the refund exceeds $2,000, the Trustee will seize the entire amount and allocate it to the general unsecured creditors in the bankruptcy case. Conversely, in the Northern District of Texas, the [Chapter 13](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) Trustee allows the debtor to keep the first $2,000 of their tax refund, with any additional amount going to the general unsecured creditors. However, in both districts, if the debtor has outstanding back taxes, the IRS may choose to offset a pre-petition refund, applying it towards the back taxes owed to the Internal Revenue Service. These regulations regarding tax refunds illustrate how bankruptcy cases can vary for debtors based on their geographic location. It is crucial to consult with a local bankruptcy attorney who has experience with cases in the specific district where you intend to file before proceeding with bankruptcy. **Areas of Practice** - **Consumer Bankruptcy: Chapter 7 and Chapter 13** We help individuals in Texas navigate the bankruptcy process to achieve financial relief. Our services include [Chapter 7 filings](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) for liquidation of assets and Chapter 13 filings for debt repayment plans. - **Probate: Wills and Power of Attorney** Our probate attorneys in Texas assist families with the legal process after a loved one passes away. This includes will preparation, administration of estates, and power of attorney drafting. - **School Law** We provide legal counsel on matters related to school law in Texas. - **Personal Injury** If you have been injured due to someone else’s negligence, our personal injury lawyers in Texas can help you fight for the compensation you deserve. **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [The Ultimate Guide to Navigating Debt Relief with Bankruptcy](https://www.veronicadeaver.com/the-ultimate-bankrutcy-guide-in-mckinney-tx-75069/) **Published:** January 11, 2024 **Author:** Veronica Deaver **Content:** ## The Ultimate Guide to Navigating Debt Relief with Bankruptcy **Crush Debt in McKinney, TX! The Ultimate Bankruptcy Guide (75069) in Collin County (214) 282-5024** Filing for Bankruptcy in **[McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9)** or any Cities & Towns in Collin County might not be the first solution that comes to mind when tackling debt, but for many individuals, it can be a powerful tool for financial fresh starts. This guide explores the intricacies of bankruptcy, providing you with clear, informative answers to help you make informed decisions about your financial future. **Understanding Bankruptcy:** • What is it? Bankruptcy is a legal process designed to provide relief from overwhelming debt. Depending on the type of bankruptcy you file, you may be able to eliminate or restructure your debt, protect your assets, and stop creditor harassment. **• Types of Consumer Bankruptcy:** o **[Chapter 7 Bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/)**: Liquidates non-exempt assets to pay off debt. Most debts are discharged, but you may lose some assets like expensive cars or property. o**[ Chapter 13 Bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/)**: You propose a repayment plan to pay back creditors over 3-5 years, often keeping your assets. • Is it right for you? Consider all options before filing. Explore alternatives like debt consolidation, credit counseling, or negotiating with creditors. Weigh the pros and cons of bankruptcy, including its impact on your credit score. **Exploring the Process:** • **[Consulting a local Attorney near you](https://www.veronicadeaver.com/about/meet-veronica/)**: Seek professional guidance from a bankruptcy lawyer experienced in your specific situation. They can assess your case, recommend the best course of action, and guide you through the legal process. **• Filing the Petition:** Prepare and file the necessary paperwork in the appropriate court. Gather financial documents like income statements, tax returns, and debt documentation. **• Meeting of Creditors:** Attend a court meeting where creditors can ask questions about your finances and bankruptcy filing. Your lawyer will represent you and handle any inquiries. **• Discharge or Repayment Plan:** Depending on the bankruptcy type, your debts may be discharged or you may enter into a repayment plan. Follow the court-approved plan diligently to achieve successful debt resolution. **Beyond the Paperwork:** **• Rebuilding Your Credit:** Bankruptcy affects your credit score, but it’s not a permanent mark. Responsible financial practices like on-time payments and building new credit gradually restore your financial standing. **• Budgeting and Financial Education:** Learn from your experience and develop sound financial habits. Create a realistic budget, prioritize essential expenses, and avoid accumulating new debt. **Remember:** • Bankruptcy is a serious legal process with lasting consequences. Seek professional advice and consider all options before making a decision. • Resources and support are available. Non-profit organizations and credit counseling agencies offer free or low-cost guidance and financial education. This guide provides a broad overview of bankruptcy. It’s crucial to remember that your specific situation will require personalized legal advice and nuanced analysis. Don’t hesitate to consult with a qualified bankruptcy attorney to explore your options and navigate the path toward financial recovery. **Additional Resources:** • National Foundation for Credit Counseling: • American Fair Credit Council: • United States Courts: By understanding your options and making informed decisions, you can emerge from debt with a clearer financial future and newfound peace of mind. **[Collin County Cities & Towns](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/)**: 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 **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [What exemptions does Texas have for Chapter 7 bankruptcy](https://www.veronicadeaver.com/what-exemptions-does-texas-have-for-chapter-7-bankruptcy/) **Published:** April 22, 2024 **Author:** Veronica Deaver **Content:** ## Texas Chapter 7 Bankruptcy Exemptions: Shield Your Assets Filing for Chapter 7 bankruptcy in [McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) Texas, [Frisco](https://www.veronicadeaver.com/bankruptcy-lawyer-frisco-tx/), Proper can be daunting, but state exemptions protect valuable assets. Here’s what you need to know: Protects your home equity, unlimited after living in Texas for over 3 years. **Key Texas Exemptions:** **• Homestead:** Protects your home equity, unlimited after living in Texas for over 3 years (1,215 days). This dwarfs the federal $25,150 limit. **• Personal Property:** Up to $50,000 of personal items like furniture, clothing, jewelry, and firearms are exempt, doubling the federal amount of $25,000. **• Motor Vehicles:** Texas offers an unlimited exemption on vehicle equity, far exceeding the federal $4,000 limit. **• Retirement Plans:** Texas fully exempts retirement funds, potentially offering broader protection than the federal limit (implied to be unlimited by a 2014 Supreme Court case). **Choosing the Right Exemptions:** Texas allows you to choose between state and federal exemptions. Consult a bankruptcy attorney to determine which option best protects your assets. **Remember:** • Even with non-exempt assets, liquidation may not be worthwhile for the trustee. • Qualifying for Chapter 7 often means assets with minimal liquidation value. **Get Legal Help:** A bankruptcy lawyer can guide you through the process, explain your rights and risks, and ensure your property is safe. Seeking legal assistance with bankruptcy proceedings can provide you with expert guidance, protection of your assets, and a thorough understanding of your rights and obligations. In Texas, individuals filing for bankruptcy have the option to choose between state and federal exemptions, which can impact the protection of their property. When considering the state option, it’s essential to note that Texas offers generous exemptions, such as an unlimited homestead exemption if the individual has resided in the state for at least 1,215 days. Additionally, personal property exemptions in Texas are around $50,000, compared to the federal exemption of approximately $25,000. Retirement plans are fully exempt from bankruptcy in Texas, while the federal exemption may be limited to $1.3 million. Motor vehicles also receive unlimited protection under Texas exemptions, as opposed to the federal exemption of $4,000 based on equity. It’s crucial to assess your assets with the help of a legal professional to determine if they are at risk of being liquidated during bankruptcy proceedings. Most individuals who qualify for [Chapter 7 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) may not have assets worth liquidating. Consulting a bankruptcy lawyer can provide clarity on your unique situation and ensure the protection of your property throughout the process. Your income must be below a certain threshold to be eligible. However, if you do qualify, Chapter 7 can provide you with a fresh start financially. Consulting with a bankruptcy attorney can help you determine if Chapter 7 is the right choice for your situation. **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [Can Chapter 13 Take My Disability Back Pay](https://www.veronicadeaver.com/can-chapter-13-take-my-disability-back-pay-mckinney-texas/) **Published:** March 7, 2024 **Author:** Veronica Deaver **Content:** ## Can Chapter 13 Take My Disability Back Pay Need a reputable Bankruptcy Attorney? Filing for Chapter 13 in McKinney? We can help you file for bankruptcy and eliminate debts. ([214) 282-5024](https://www.google.com/search?hl=en-US&gl=us&q=The+Law+Office+of+Veronica+Deaver,+1575+Heritage+Dr+Ste+107,+McKinney,+TX+75069&ludocid=15805106302100862446&lsig=AB86z5WoPkTX1d5U5A2-pcfePecH&hl=en&gl=US) **Find Out Here** For individuals in McKinney , or [Collin County](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/) Allen / Anna / Blue Ridge / Carrollton with disabilities, disability back pay serves as a crucial source of financial support. But if you’re contemplating A [Chapter 13 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/), you may be concerned about the fate of your disability funds. Read on to discover whether Filing for Chapter 13 in [McKinney](https://www.veronicadeaver.com/bankruptcy-lawyers-near-me-mckinney-tx/) can seize your disability back pay and learn essential tips for managing this scenario. Need a reputable Bankruptcy Attorney? Filing for Chapter 13 in McKinney? We can help you file for bankruptcy and eliminate debts. [(214) 282-5024](https://www.google.com/search?hl=en-US&gl=us&q=The+Law+Office+of+Veronica+Deaver,+1575+Heritage+Dr+Ste+107,+McKinney,+TX+75069&ludocid=15805106302100862446&lsig=AB86z5WoPkTX1d5U5A2-pcfePecH&hl=en&gl=US) #### **Understanding Disability Back Pay** **What is Disability Back Pay?** Disability back pay is the financial assistance individuals receive after being approved for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI). These retroactive benefits can provide crucial support for those facing financial challenges due to a disability. However, it is important to understand how disability back pay may be impacted by Chapter 13 bankruptcy. #### **Chapter 13 Bankruptcy and Disability Back Pay: What You Need to Know** **Protecting Your Disability Payment:** When facing financial difficulties, individuals with disabilities may consider Chapter 13 bankruptcy to manage their debts through a repayment plan. However, navigating the treatment of disability back pay within this process can be confusing. This guide provides essential information to help you understand how Chapter 13 bankruptcy handles disability back pay. **Exemption of Disability Back Pay:** Generally, **disability back pay is exempt in Chapter 13 bankruptcy**. This means it’s protected from being used to repay creditors. However, specific rules and exemptions may vary depending on your state’s laws. Consulting with a **bankruptcy attorney** familiar with your local regulations is crucial to ensure your disability back pay receives proper exemption. **Timing Matters: When You Receive Your Back Pay:** The **timing of receiving your disability back pay** can influence how it’s treated in your Chapter 13 case. If you receive the **back pay before filing for bankruptcy**, it might be considered part of your assets. However, if you receive it **after filing**, it might be categorized as **income** and potentially included in your repayment plan. **Including Back Pay in Your Repayment Plan:** Chapter 13 [bankruptcy](https://www.veronicadeaver.com/bankruptcy-lawyer-for-chapter-11-mckinney/) involves creating a repayment plan to pay off your debts over a specific period. Depending on your specific circumstances, the court may require you to include your disability back pay in the plan. Consulting with an experienced bankruptcy attorney is essential to determine the best approach for your situation and ensure your financial security is protected. **Remember:** This information is for general educational purposes only and does not constitute legal advice. Always consult with a qualified bankruptcy attorney to discuss your specific situation and receive personalized guidance. #### **Navigate Chapter 13 Bankruptcy with Confidence: Protecting Your Disability Back Pay** Facing financial hardship? Chapter 13 bankruptcy can offer a path to manage your debts through a structured repayment plan. However, navigating the process with disability back pay requires careful consideration. Here are key steps to ensure its protection: **1. Seek Expert Guidance:** Don’t go it alone. Consulting with a qualified bankruptcy attorney near me McKinney Texas is critical for success. They possess the expertise to: **• Assess your unique situation:** Analyze your financial circumstances and determine the best course of action for your specific case. **• Navigate the complexities of Chapter 13:** Guide you through the intricate process, ensuring you meet all legal requirements and deadlines. **• Protect your disability back pay:** Advocate for the proper exemption of your back pay, safeguarding it from being used to repay creditors. **2. Understand Your Local Laws:** Bankruptcy laws vary by state. Familiarize yourself with the specific exemptions and protections applicable to disability back pay in your jurisdiction. Consulting with a local attorney ensures you leverage all available benefits and avoid unintended complications. **3. Maintain Detailed Records:** Keep meticulous records of your disability back pay. This includes: **• Total amount received:** Document the actual sum awarded in the back pay settlement. **• Dates of receipt:** Accurately note the dates on which you received the back pay installments. #### **Contact Our Chapter 13 Lawyers** Safeguarding Your Disability Back Pay During Chapter 13 Bankruptcy Navigating Chapter 13 bankruptcy can be complex, especially when you have disability back pay to consider. To ensure its protection, here’s what you need to know: **• Understand the treatment of disability back pay:** Generally, disability back pay is exempt in Chapter 13, meaning it’s protected from being used to repay creditors. However, the specifics may vary depending on your location. **• Seek expert guidance:** Consulting with a qualified bankruptcy attorney is crucial. They can analyze your situation, explain the relevant laws in your area, and guide you through the process of protecting your disability back pay. **• Take necessary precautions:** Depending on the timing of your back pay and your local regulations, additional steps might be necessary. This could involve maintaining detailed records of your back pay or understanding how it might impact your repayment plan. Call [(214) 282-5024](https://www.google.com/search?hl=en-US&gl=us&q=The+Law+Office+of+Veronica+Deaver,+1575+Heritage+Dr+Ste+107,+McKinney,+TX+75069&ludocid=15805106302100862446&lsig=AB86z5WoPkTX1d5U5A2-pcfePecH&hl=en&gl=US) or [contact the firm online](https://www.veronicadeaver.com/contact-us/) to schedule a free initial consultation. **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [MCKINNEY BANKRUPTCY: AVOIDING LIENS: VERONICA DEAVER](https://www.veronicadeaver.com/blog-mckinney-bankruptcy-avoiding-liens/) **Published:** July 2, 2024 **Author:** Veronica Deaver **Content:** ## MCKINNEY BANKRUPTCY: AVOIDING LIENS: Lien avoidance is a mechanism available in Chapter 7 and Chapter 13 bankruptcy proceedings.to eliminate liens placed on property. This process can be either complete or partial, potentially stripping a creditor of their interest in the property or their right to repossess it. However, it’s important to note that not every lien qualifies for avoidance, and specific conditions must be satisfied for this relief to be granted. ## McKinney Bankruptcy: How to Avoid Liens for Better Financial Relief Learn the ***Lien*** Laws, ***Lien*** Deadlines, Who Can File a ***Lien***, How to File a ***Lien***. Discover how Chapter 7 or Chapter 13 ***bankruptcy*** can help you save your home by ***avoiding*** judgment ***liens***. Contact our legal experts now. In the realm of bankruptcy, debtors have powerful tools at their disposal to alleviate financial burdens. One critical strategy is lien avoidance, which allows debtors to transform secured debts into unsecured debts by removing liens from the collateral. Veronica Deaver in McKinney in Frisco and ***Prosper*** TX are here to help, ## Understanding Lien Avoidance in Bankruptcy Lien avoidance can be applied when a lien impairs a debtor’s exemption rights. Essentially, if a debtor owns assets that would have been exempt if not for the lien, they can petition to remove the lien. This means the asset—such as a television—would no longer be burdened by the lien, making the debt unsecured. ## Types of Liens That Can Be Avoided There are two main categories of [liens that debtors](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) can avoid in bankruptcy: 1. Judicial Liens: Definition: Created when a creditor sues the debtor, obtains a judgment, and attaches it to the debtor’s property. Exceptions: Judicial liens arising from domestic support obligations, like child support or alimony, cannot be avoided. 2\. Nonpossessory, Nonpurchase-Money Security Interests: Definition: Applies to household items like furnishings, appliances, books, and several other asset types as outlined in 11 U.S.C. § 522(f)(1) of [The Bankruptcy Code](https://www.veronicadeaver.com/chapter-7-bankruptcy-frequently-asked-questions/). ## Criteria Nonpossessory: The creditor does not possess the property in question. Nonpurchase-Money: The debt did not result from the purchase of the collateral. ## Limitations on Lien Avoidance While lien avoidance offers significant relief, there are notable limitations: Vehicle Liens: Debtors cannot [avoid liens](https://www.veronicadeaver.com/everything-you-need-to-know-about-chapter-7-bankruptcy-101/) on motor vehicles if the vehicle was used as collateral for a nonpurchase-money loan. ## Prosper TX Best Bankruptcy Lawyer Frisco | Affordable Bankruptcy Near You The ability to avoid certain liens in [bankruptcy](https://www.veronicadeaver.com/filing-for-bankruptcy-collin-county-your-next-steps/) is an invaluable tool for debtors looking to protect their property and decrease their overall debt. By understanding the types of liens that can be avoided and the limitations involved, you can maximize your financial relief during bankruptcy proceedings. For specific advice tailored to your situation, consult a skilled McKinney bankruptcy attorney. They can help you navigate the complexities of bankruptcy law and ensure you utilize all available strategies to secure your financial future. **Categories:** Attorney **Tags:** Bankruptcy Information, Credit Repair --- ### [Understanding Bankruptcy for Homeowners: Safeguarding Your Most Valuable Asset](https://www.veronicadeaver.com/understanding-bankruptcy-for-homeowners/) **Published:** February 14, 2025 **Author:** Veronica Deaver **Content:** ## Contact The Law Offices of Veronica Deaver for Understanding Chapters, 7, 11, 13. Bankruptcy’s For Homeowners in Texas. A home represents more than just a physical structure; it’s a source of security, comfort, and cherished memories, truly embodying the American Dream. However, when financial challenges arise, homeowners may face the frightening possibility of losing this vital asset. At The Law Offices of [Veronica Deaver in Texas](https://www.veronicadeaver.com/bankruptcy-lawyer-frisco-tx/), we recognize the significance of your home and are dedicated to helping you navigate the complexities of bankruptcy as it pertains to homeownership**.** Chapters 7, 11, 13. ## Bankruptcy for Homeowners: Safeguarding Your Most Valuable Asset A home is more than just a building; it’s a sanctuary of security, comfort, and cherished memories, truly embodying the American Dream. When financial difficulties arise, the fear of losing this precious asset can be overwhelming for homeowners. At [The Law Offices of Veronica Deaver](https://www.veronicadeaver.com/filing-for-bankruptcy-collin-county-your-next-steps/) in Texas, we recognize the vital importance of your home. We are committed to guiding you through the complexities of bankruptcy as it relates to homeownership. **The Impact of Bankruptcy on Homeownership** [Bankruptcy](https://www.veronicadeaver.com/everything-you-need-to-know-about-chapter-7-bankruptcy-101/) can provide crucial relief for those overwhelmed by debt, but its effects on homeownership depend on various factors, including the type of bankruptcy filed, home equity, and state-specific exemptions. – Chapter 7 Bankruptcy and Your Home: Known as liquidation bankruptcy, filing for Chapter 7 might threaten your home if you have significant equity beyond Texas’s homestead exemption. However, if your equity is fully protected by this exemption, you may be able to retain ownership of your home. – Chapter 13 Bankruptcy: A Safer Harbor for Homeowners: Filing for Chapter 13 bankruptcy enables homeowners to keep their homes while reorganizing their debts into a manageable repayment plan. This option is especially beneficial for those behind on mortgage payments, providing an opportunity to catch up overtime. **Texas Homestead Exemption: Your Protection During Bankruptcy** Texas offers a generous homestead exemption, which is vital for homeowners going through bankruptcy. Understanding this exemption can be key to safeguarding your home. – Unlimited Equity Protection: Texas’s homestead exemption allows homeowners to protect an unlimited amount of equity in their primary residence, as long as the property doesn’t exceed 10 acres in an urban area or 100 acres (200 for families) in a rural area. – Securing Your Sanctuary: This significant exemption means that homeowners can often file for bankruptcy without the fear of losing their home, as long as they continue to make their mortgage payments. **Strategies for Homeowners Facing Bankruptcy** If you’re a homeowner dealing with financial distress, consider these strategies to protect your home during bankruptcy: – Evaluate Your Equity: Assess the equity in your home to ensure it falls within Texas’s homestead exemption limits. – Consider Chapter 13 Bankruptcy: For those behind on mortgage payments, Chapter 13 offers a structured plan to catch up and prevent foreclosure. – [Consult with a Bankruptcy Attorney](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/): An experienced bankruptcy attorney can provide personalized advice tailored to your situation, helping you choose the best path to protect your home. **Navigating Bankruptcy with Your Home in Focus** Filing for bankruptcy doesn’t necessarily mean losing your home. With the right approach and expert guidance, you can manage financial hardships while keeping your home secure. – Documentation and Preparation: Collect all necessary financial documents, such as mortgage statements, property valuations, and information on other debts, in preparation for your consultation with a bankruptcy attorney. – Stay Informed: Keep up with any changes in bankruptcy laws and home-stead exemption limits in Texas to ensure you’re fully utilizing available protections. **Protecting Your Home and Managing Bankruptcy** Understanding the complexities of bankruptcy as a homeowner is crucial for making informed decisions. With proper information and legal support, you can navigate bankruptcy while securing your home and preparing for a stable financial future. [homestead exemption](https://www.nolo.com/legal-encyclopedia/texas-bankruptcy-homestead-exemption.html) lets Mckinney homeowners to protect an unlimited amount of equity in their primary residence, as long as the property does not exceed 10 acres in an urban area or 100 acres (200 for families) in a rural area. **Ready to Protect Your Home?** At [The Law Offices of Veronica Deaver](https://www.veronicadeaver.com/) in Texas, we are dedicated to helping homeowners understand their options and rights regarding bankruptcy. If you’re concerned about how bankruptcy might impact your home, contact us today. Our team is ready to provide the support and guidance you need to safeguard your most valuable asset and achieve financial relief. Call our office for help. **Categories:** Attorney **Tags:** Bankruptcy Information, Chapter 7 Bankruptcy, Consumer Bankruptcy, Military Bankruptcy Chapter 7 --- ### [Are You Considering Filing a Bankruptcy- Start Here](https://www.veronicadeaver.com/are-you-considering-filing-a-bankruptcy-start-here/) **Published:** March 1, 2025 **Author:** Veronica Deaver **Content:** ## Understanding Bankruptcy: What It Can and Can't Do **Are You Considering Bankruptcy? -Start Here** Bankruptcy is a federally governed legal process in Mckinney Texas, that provides debt relief for individuals and businesses unable to meet their financial obligations. Bankruptcy also helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Veronica Deaver offers [**bankruptcy**](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) attorney services to clients in McKinney and Plano and nearby areas. Learning what happens when you declare bankruptcy and its benefits can help improve your finances. If debt feels overwhelming, bankruptcy may be worth considering. Knowing its advantages and limits helps evaluate its fit for your needs. **Bankruptcy can stopping lawsuits, wage garnishments, and most debt collection** **efforts.** [The Ultimate Guide to Navigating Debt Relief with Bankruptcy](https://www.veronicadeaver.com/the-ultimate-bankrutcy-guide-in-mckinney-tx-75069/) It also clears debts like credit card balances, medical bills, and personal loans. Not all debts are discharged. You’ll still owe student loans (unless undue hardship is proven), unpaid child support, alimony, and recent tax debts. This guide explains what to expect from bankruptcy, detailing how Chapter 7 and Chapter 13 work, the specific features of Chapter 13, and what bankruptcy can’t resolve. **What to Know About Filing for Bankruptcy: Chapter 7 vs. Chapter 13 Bankruptcy can help those overwhelmed by debt by eliminating certain obligations for a fresh start. The main types—Chapter 7, Chapter 13, and Chapter 11—each offer unique benefits and debt relief solutions. Individuals may file [Chapter 7](https://www.uscourts.gov/court-programs/bankruptcy/bankruptcy-basics/chapter-7-bankruptcy-basics) or [Chapter 13](https://www.uscourts.gov/court-programs/bankruptcy/bankruptcy-basics/chapter-13-bankruptcy-basics) bankruptcy, depending on the specifics of their situation. **Avoid These Mistakes Before Filing Bankruptcy Filing for bankruptcy is more than just paperwork. Steer clear of common errors to ensure a smooth Chapter 7 or Chapter 13 process. Financial stress might tempt quick fixes, but proper planning is key. Here’s what to avoid before filing: 1. Filing at the wrong time 2. Unnecessary use of retirement funds 3. Careless or incorrect paperwork 4. Buying luxury items or taking cash advances 5. Selling or transferring property below its value 6. Prioritizing select creditors 7. Filing before acquiring assets like inheritances 8. Not filing tax returns **Can You File for Bankruptcy in Texas If Unemployed? Yes, unemployment does not prevent you from filing for bankruptcy in Texas. You can file for Chapter 7, and being unemployed might make you more likely to qualify since the “means test” considers income levels. If your income is below the median for your household size, Chapter 7 is often the best option. Consult with a Texas bankruptcy attorney to assess your specific financial situation. [What exemptions does Texas have for Chapter 7 bankruptcy](https://www.veronicadeaver.com/what-exemptions-does-texas-have-for-chapter-7-bankruptcy/) **Sole Proprietor & Small Business Bankruptcy If you’re a small business owner or sole proprietor facing financial difficulties, we can guide you to the best debt relief options. We evaluate your situation to determine whether Chapter 7 or Chapter 13 bankruptcy is more suitable, helping you make informed decisions to secure your business’s future. ![claims](https://www.veronicadeaver.com/wp-content/uploads/2025/03/claims.jpg "Claims | the Law Office of Veronica Deaver") ## Understanding Bankruptcy: What It Can and Can't Do Discover the pros and cons of Chapter 7 and Chapter 13 bankruptcy. For many small business owners, bankruptcy can be a lifeline, helping their business survive and even thrive. The choice between Chapter 7, Chapter 13, or Chapter 11 depends on your business type, structure, and financial situation, including debts, assets, and whether income can support a repayment plan. **What Happens When a Business Declares Bankruptcy? When a business files for bankruptcy, the outcome depends on the chosen chapter. Businesses can primarily file under Chapter 7 or Chapter 11, with Chapter 13 being an individual option beneficial for some business owners. Understanding these basics is crucial for making informed decisions. Chapter 7 Bankruptcy: Liquidation for Businesses [Overview of Chapter 7 Bankruptcy](https://www.veronicadeaver.com/overview-of-chapter-7-bankruptcy-mckinney/) In Chapter 7, a trustee sells business assets to pay creditors. Most businesses that choose Chapter 7 either close before filing or during the process. It’s the fastest and most cost-effective bankruptcy type. **Chapter 11 Bankruptcy: Business Reorganization Chapter 11 focuses on restructuring, allowing a business to continue operations while figuring out a repayment plan with creditors. Though effective, Chapter 11 is lengthy and expensive. The streamlined Chapter 11, Subchapter V, offers a more affordable option for small businesses. **Chapter 13 Bankruptcy: Owner Reorganization Business bankruptcy isn’t as common as perceived, especially Chapter 7. Strategic use of bankruptcy by business lawyers often proves more effective due to the limitations and pros and cons of each chapter. **Should You or Your Business File for Bankruptcy? The best bankruptcy option depends on whether you intend to close or maintain your business. If you want to continue operating, refer to “Continuing Your Business: Factors to Consider.” Otherwise, learn about the best fit for your circumstances in Chapter 13 and 11 sections. **Chapter 7 Bankruptcy for Corporations and LLCs For corporations and LLCs, Chapter 7 offers a transparent method to close and liquidate the business. In this process, a bankruptcy trustee is appointed to sell off assets and distribute the proceeds to creditors. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/logo.png "Logo | the Law Office of Veronica Deaver") ## Why Small Businesses Rarely go for Chapter 7 1. **No Debt Discharge:** Small businesses (except sole proprietors) don’t get a debt discharge, so owners with personal guarantees remain liable unless they file personal Chapter 7. 2. **Asset Liquidation:** A business entity cannot protect its assets in bankruptcy. The trustee will sell everything to pay creditors, causing the business to close. 3. **Cost Considerations:** Owners can often wind down operations without incurring additional costs of court and attorney fees. **Strategic Asset Sales** Business owners might obtain higher value for assets when selling outside bankruptcy, reducing personal liability tied to business debt. **Potential Legal Risks** Bankruptcy could lead to litigation, allowing creditors to dispute corporate processes and potentially access personal assets. Chapter 7 for Sole Proprietors and Service Providers** Sole proprietors offering services can benefit most by eliminating personal and business debts in one case. With exemptions, proprietors often maintain necessary assets and continue operating. **Considerations for Chapter 13 Bankruptcy** Chapter 13 aims to help individuals retain businesses through a repayment plan spanning three to five years and includes personal and business debts for sole proprietors. **Chapter 11 Bankruptcy for Larger Businesses** Partnerships, corporations, and LLCs usually file Chapter 11 to reorganize debt and maintain operations. Chapter 11, Subchapter V, provides a streamlined option for smaller businesses. **Before Deciding on Bankruptcy** Reflect on your business’s financial status, assets versus liabilities, personal responsibility for debt, and operational viability when choosing to file for bankruptcy. **Involuntary Bankruptcy** At times, creditors may force a business into bankruptcy to recover debt. Involuntary bankruptcy proceeds similarly to voluntary cases but involves the creditors filing on behalf of the debtor. **Bankruptcy Attorneys in McKinney & Plano** At [The Law Offices Of Veronica Deaver](https://www.veronicadeaver.com/), our compassionate attorneys are dedicated to helping you navigate difficult financial times, ensuring your best interests are always our priority. We provide personalized care and support as you move towards a better future. **Categories:** Attorney --- ### [When to File Chapter 13 Bankruptcy in Collin County Texas](https://www.veronicadeaver.com/when-to-file-chapter-13-bankruptcy-in-collin-county-texas/) **Published:** June 17, 2025 **Author:** Veronica Deaver **Content:** ## Understanding Chapter 13 Bankruptcy If you’re struggling with debt but want to protect your home, car, or other important assets—and have a steady income—Chapter 13 bankruptcy may be the right solution. This option allows you to reorganize your debts, catch up on missed payments, and create a manageable repayment plan. Our **Bankruptcy lawyer helps clients file chapter 13** and fights IRS garnishment, creditor harassment and foreclosure in Collin County and Denton County, Chapter 13 is a legal process that allows individuals to reorganize their debts and create a plan to pay creditors back over time, offers significant benefits. ## [Free Consultation – Call (214) 282-5024](tel:(214)%20282-5024) ![chapter 13](https://www.veronicadeaver.com/wp-content/uploads/2025/06/chapter-13.jpg "Chapter 13 | the Law Office of Veronica Deaver") If you live in Collin County and are facing foreclosure, repossession, or owe back taxes, Chapter 13 can be a beacon of hope, providing much-needed relief and a chance to regain control of your finances. In summary, Chapter 13 bankruptcy enables individuals in Collin County to reorganize their debt, protect their assets, and establish a realistic path toward financial stability through a court-approved repayment plan. [Navigating Chapter 13 bankruptcy McKinney TX: Veronica Deaver](https://www.veronicadeaver.com/blog-im-chapter-13-bankruptcy-happens-tax-refund/) **Key Features of Chapter 13 Bankruptcy in Collin County** **Debt Reorganization:** Unlike Chapter 7, which often involves selling your property to pay off debts, Chapter 13 lets you propose a manageable repayment plan to the bankruptcy court. **Regular Income Requirement:** You must demonstrate a consistent source of income to qualify. This income funds your monthly payments throughout the plan period. **Structured Payment Plan:** Your repayment plan details how much you’ll pay each month to your creditors based on what you can afford. The plan lasts three to five years. **Asset Protection:** Chapter 13 is a shield for your property. If you’re behind on your mortgage or car loan, you can catch up on missed payments as part of your plan, ensuring your home is safe from foreclosure and your car from repossession. **Debt Limits:** To be eligible, your unsecured debt (such as credit cards or medical bills) must be less than $465,275, and your secured debt (like mortgages and car loans) must be under $1,395,875 for 2025. Role of the Chapter 13 Trustee: A court-appointed trustee will oversee your case, collect your payments, and distribute them to creditors according to the plan. Filing Process: Filing for Chapter 13 bankruptcy involves submitting a petition to the court, providing detailed financial information, and creating your proposed repayment plan. **Key Benefits:** - Halt foreclosure or repossession proceedings - Catch up on overdue mortgage or car payments - Restructure other secured debts - Repay back taxes or child support over time **Who Is Eligible for Chapter 13 Bankruptcy?** To qualify for Chapter 13, you must have: - **A steady, reliable income** you can use to make monthly payments. - **Unsecured debts** (like credit cards or medical bills) less than about $465,275. - **Secured debts** (like mortgages and car loans) totaling less than about $1,395,875. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/logo.png "Logo | the Law Office of Veronica Deaver") ## Chapter 7 vs. Chapter 13 Bankruptcy: What’s the Difference? - **Chapter 7** (Liquidation Bankruptcy): Your non-exempt assets may be sold to pay debts. The process is quick, usually lasting only a few months, but you could lose valuable property. - **Chapter 13** (Reorganization Bankruptcy): You keep your assets and pay debts over time. This option is suitable for individuals with a steady income who wish to protect their home, car, or other essential assets. **The Role of the Bankruptcy Trustee** [Understanding Bankruptcy for Homeowners: Safeguarding Your Most Valuable Asset](https://www.veronicadeaver.com/understanding-bankruptcy-for-homeowners/) A court-appointed bankruptcy trustee manages your case and ensures fairness for both you and your creditors. They: - Review your proposed repayment plan - Collect your monthly payments - Distribute money to creditors - Handle objections from creditors and communicate with the court The trustee helps keep everything running smoothly and makes sure you meet your obligations. ## When Should You Consider Filing Chapter 13? **Signs You May Need Chapter 13:** - You’re falling behind on the mortgage or car payments. - Debt continues to accumulate, even after regular payments are made. - You’re facing foreclosure, repossession, or wage garnishment. - Major life changes—job loss, medical bills, divorce—have shaken your finances. If you recognize these warning signs, Chapter 13 could help you reorganize, stop creditor actions, and protect your assets. **Evaluating Your Finances Before Filing** [Are You Considering Filing a Bankruptcy- Start Here](https://www.veronicadeaver.com/are-you-considering-filing-a-bankruptcy-start-here/) Before filing, take a close look at your income, expenses, and debts to see if you can realistically follow a repayment plan. Making a simple budget can reveal extra money for payments. It’s also wise to consult with a bankruptcy attorney or financial advisor. They can explain your options and help you determine if Chapter 13 is the best path forward for you. [Can Chapter 13 Take My Disability Back Pay](https://www.veronicadeaver.com/can-chapter-13-take-my-disability-back-pay-mckinney-texas/) **Timing Matters** The timing of your bankruptcy filing can impact the outcome. Filing before a foreclosure sale or wage garnishment can halt those actions right away. However, you should consider the effects on your credit score and future borrowing. Discuss these factors with an expert to choose the right timing for your situation. **How Chapter 13 Process Works** 1. **Consultation** Meet with a bankruptcy attorney to review your situation and options. 2. **Gather Documents** Collect records of your income, expenses, debts, and assets. 3. **File Your Petition & Plan** Submit bankruptcy forms and your proposed repayment plan to the court. 4. **Meeting of Creditors** Attend a court meeting where the trustee and creditors can ask about your finances. 5. **Confirmation Hearing** A judge reviews and approves your plan, and you start making payments. 6. **Consistent Payments** Make your plan payments for three to five years. If successful, remaining eligible debts are discharged at the end. ## Creating a Repayment Plan Your repayment plan must show: - How you’ll pay off some or all of your debts - How much will your monthly payments be (based on your disposable income) - How you prioritize secured debts like mortgages and car loans **Court Hearings and Legal Process** Court hearings ensure everything is fair and legal. You’ll need to provide honest information and attend court dates. [Having an attorney](https://www.veronicadeaver.com/about/) represent you is highly recommended—they can help navigate the process and address any issues that may arise. ## Life After Chapter 13 **Rebuilding Credit:** After finishing Chapter 13, it takes time and good money habits to rebuild your credit score. Paying bills on time, using secured credit cards, and sticking to a budget will help you recover financially. **Keeping Your Assets:** Unlike Chapter 7, you can typically keep your house, car, and other essential items if you follow your payment plan. Your co-signer may also receive some protection. **Ongoing Obligations:** You may have reporting or counseling requirements after discharge. Staying organized and proactive ensures long-term financial stability. **Common Chapter 13 Myths** - **Myth:** I’ll lose all my belongings. **Fact:** You keep your assets if you stick to the plan. - **Myth:** My credit will be ruined forever. **Fact:** Bankruptcy can negatively impact credit, but many individuals successfully rebuild their credit within a few years. - **Myth:** You can’t convert to Chapter 7. **Fact:** It’s sometimes possible, with court approval and meeting eligibility standards. **Chapter 13 FAQs** - **How long does it last?** Typically 3–5 years, depending on your plan. - **Will it affect my credit score?** Yes, but the impact lessens as you demonstrate good financial habits. - **Can I switch to Chapter 7?** Sometimes, if your circumstances change and you qualify. For more information, consult a bankruptcy attorney or visit reputable government websites, such as the [U.S. Courts](https://www.uscourts.gov/) or [the FTC](https://www.consumer.ftc.gov/). Thinking about Chapter 13 bankruptcy in Collin County, TX? Call our attorney to find out if it’s the right time for you. **Categories:** Attorney --- ### [Bankruptcy Lawyers Near Me McKinney, TX](https://www.veronicadeaver.com/bankruptcy-lawyers-mckinney-tx/) **Published:** August 29, 2025 **Author:** Veronica Deaver **Content:** **Trusted Legal Help by Veronica Deaver, Attorney at Law** If you’re searching for experienced **bankruptcy lawyers near McKinney, TX**, Veronica Deaver provides trusted legal guidance tailored to your situation. With decades of experience in Chapter 7 and Chapter 13 bankruptcy, our office has helped Collin County residents find relief and start fresh. ## Why Choose Veronica Deaver? - 20+ years helping clients in Texas - Personalized, clear strategies - Transparent pricing and communication - Excellent local reviews - Free initial consultation ## Types of Bankruptcy ### Chapter 7 Bankruptcy - Wipes out unsecured debts like credit cards and medical bills - Often completed in 4–6 months - Essential assets may be protected under Texas exemptions [Learn about Chapter 7](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) ### Chapter 13 Bankruptcy - Creates a manageable 3–5 year repayment plan - Can stop foreclosure and vehicle repossession - Lets you keep property while catching up on payments [Learn about Chapter 13](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) ## Costs of Filing Bankruptcy - **Court Filing Fees:** $338 (Chapter 7) and $313 (Chapter 13) - **Attorney Fees:** Affordable options and payment plans available - **Total Costs:** Vary by case complexity; quoted after a free consult \*Court fees are set by the U.S. Bankruptcy Courts and may change. We’ll explain your exact costs up front. ## Client Reviews > “Veronica was kind, professional, and made the process less overwhelming. Highly recommend her to anyone in Collin County.” — Amanda R., McKinney > “She explained everything clearly and fought for the best outcome. I feel like I can breathe again.” — James T., Plano ## FAQs ### Will bankruptcy stop creditor calls? Yes. Filing triggers an automatic stay that stops most collections. ### Can I keep my home or car? Often yes. Texas exemptions may protect your property depending on your situation. ### How long will bankruptcy stay on my credit? Typically 7–10 years, though many people start rebuilding credit sooner. ## Service Areas Serving **McKinney, Plano, Allen, Frisco, Prosper, Anna, Melissa** and all of Collin County. **McKinney ZIP codes:** 75069, 75070, 75071. Nearby: Allen 75002, Frisco 75033–75035, Prosper 75078, Anna 75409, Melissa 75454, Plano 75023–75025. ## About McKinney, TX McKinney is known for its historic downtown and rapid growth across Collin County. Our office proudly serves local families and small businesses seeking a financial reset. ## Call for Immediate Help **Call (214) 282-5024** or [request a free consultation online](https://www.veronicadeaver.com/contact-us/). Take the first step toward financial freedom today. ## Helpful Links - [Bankruptcy Attorney McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) - [U.S. Courts — Bankruptcy Basics](https://www.uscourts.gov/services-forms/bankruptcy) - [Texas State Law Library — Bankruptcy Resources](https://www.sll.texas.gov/) **Categories:** Attorney --- ### [Bankruptcy Lawyer Near Me McKinney, TX: Costs, Reviews & Local Help](https://www.veronicadeaver.com/bankruptcy-lawyer-mckinney-tx-costs-reviews/) **Published:** August 30, 2025 **Author:** Veronica Deaver **Content:** When financial stress becomes overwhelming, finding a **bankruptcy lawyer near me in McKinney, TX** can feel like the only way forward. This guide explains costs, reviews, the major types of bankruptcy, and whether filing is right for you. ## Top 10 Reasons to File for Bankruptcy 1. Stop foreclosure on your home. 2. Halt wage garnishment. 3. Prevent creditor harassment. 4. Discharge overwhelming credit card debt. 5. Stop vehicle repossession. 6. End pending lawsuits for unpaid debt. 7. Rebuild financial stability with a clean slate. 8. Protect essential assets under Texas exemptions. 9. Gain structured repayment plans (Chapter 13). 10. Restore peace of mind and reduce stress. ## Top 10 Reasons NOT to File for Bankruptcy 1. You only have small, manageable debt. 2. Recent luxury purchases or cash advances (often not dischargeable). 3. You might lose non-exempt assets. 4. Filing will damage your credit score short-term. 5. Certain debts (student loans, child support) aren’t eliminated. 6. Bankruptcy stays on your record for 7–10 years. 7. You have co-signers who could be left responsible. 8. Potential difficulty obtaining new credit or housing. 9. Some employers check credit history. 10. Alternatives like negotiation or consolidation may be better. ## Differences Between Major Types of Bankruptcy ### Chapter 7 (Liquidation Bankruptcy) Best for individuals with little income and high unsecured debt. Assets may be sold, but Texas has strong exemptions protecting your home, vehicle, and essentials. ### Chapter 13 (Reorganization Bankruptcy) Allows you to keep assets and repay debts through a court-approved plan over 3–5 years. Often used to stop foreclosure. ### Chapter 11 (Business Bankruptcy) Typically for businesses or high-net-worth individuals reorganizing debts. ### Chapter 12 (Family Farmers & Fishermen) Specialized chapter for qualifying family farmers and fishermen. ## Top 10 Benefits of Hiring a Bankruptcy Lawyer in McKinney, TX 1. Local experience with Texas bankruptcy exemptions. 2. Accurate paperwork and deadlines. 3. Negotiation with creditors. 4. Court representation. 5. Guidance on which chapter fits your case. 6. Prevent costly filing mistakes. 7. Protection from creditor harassment. 8. Knowledge of Texas property laws. 9. Strategic timing for filing. 10. Peace of mind knowing you have an advocate. ## Reviews from McKinney Clients - ★★★★★ “Veronica Deaver and her team gave me hope when I had none. Professional, kind, and thorough.” – M.M. - ★★★★★ “The best bankruptcy lawyer near McKinney, TX. She explained everything in plain English.” – J.R. - ★★★★★ “Helped me save my home and rebuild my life. Forever grateful.” – T.H. ## Frequently Asked Questions **How much does it cost to hire a bankruptcy lawyer in McKinney, TX?** Chapter 7 cases often range $1,200–$2,500 plus court fees. Chapter 13 is usually higher due to long-term repayment plans. **Will I lose my house if I file bankruptcy in Texas?** Texas homestead exemptions are generous. Most people keep their primary residence. **How long will bankruptcy stay on my credit report?** Chapter 7 stays up to 10 years, Chapter 13 up to 7 years. **Can I file bankruptcy without a lawyer?** Technically yes, but mistakes often cost more than attorney fees. **Which debts can’t be discharged?** Student loans (in most cases), child support, alimony, and certain taxes. ## Call for Local Help If you’re searching *bankruptcy lawyer near me McKinney, TX*, call Veronica Deaver at **(972) 755-8994** for a confidential consultation today. - [Chapter 7 Bankruptcy Services](https://www.veronicadeaver.com/bankruptcy-services/chapter-7/) - [Chapter 13 Bankruptcy Services](https://www.veronicadeaver.com/bankruptcy-services/chapter-13/) - [Contact Veronica Deaver](https://www.veronicadeaver.com/contact/) ## Legal Disclaimer This article is for informational purposes only and does not constitute legal advice. Reading this page does not create an attorney-client relationship. For advice tailored to your situation, contact a licensed Texas bankruptcy attorney. **Categories:** Attorney --- ## Pages ### [Home](https://www.veronicadeaver.com/) **Published:** June 26, 2026 **Author:** Veronica Deaver **Content:** Veronica Deaver McKinney Bankruptcy Attorney • Collin County, TX # Chapter 7 & Chapter 13 Bankruptcy Help That Feels Clear and Human If you’re dealing with credit cards, medical bills, lawsuits, garnishments, or foreclosure pressure, we’ll explain your options in plain English and help you choose the right path forward. Serving McKinney and nearby Collin County communities with experienced, personal guidance. [Schedule Appointment](#) [Schedule Appointment](https://www.veronicadeaver.com/contact-us/) [Call (214) 282-5024](tel:2142825024) - ✓Chapter 7: Eliminate Qualifying Debt - ✓Stop Foreclosure and Creditor Actions - ✓Evening and Flexible Appointments (As Available) - ✓Chapter 13: Protect Assets + Repayment Plan - ✓Personal Representation From Start to Finish - ✓Guidance for Families Across North Texas 4.7 • [23 Google Reviews](https://www.google.com/maps/place/The+Law+Office+of+Veronica+Deaver/@33.2128821,-96.631986,15z/data=!4m8!3m7!1s0x864c13b1670ae54b:0xdb570471560275ee!8m2!3d33.2128821!4d-96.631986!9m1!1b1!16s%2Fg%2F11q8w87sfq?entry=ttu&g_ep=EgoyMDI2MDgyNi4wIKXMDSoASAFQAw%3D%3D) Licensed in Texas Since 1998 ✓Clear guidance when debt feels overwhelming. ✓Professional, personal, and responsive. ✓Help stopping creditor pressure and foreclosure stress. [Schedule Appointment](https://www.veronicadeaver.com/contact-us/) [Call (214) 282-5024](tel:2142825024)[Office: 1575 Heritage Dr Ste 107, McKinney, TX 75069](https://goo.gl/maps/dGF6rgDvpYm4BZqL8) [Bankruptcy Options](#bankruptcy-options) [Financial Pressure](#financial-pressure) [How It Works](#bankruptcy-process) [Meet Veronica](#about-veronica) [McKinney Office](#office-location) [Bankruptcy FAQs](#bankruptcy-faqs) [Private Consultation](#private-consultation) Bankruptcy Guidance Built Around Real Life ## Clear options when debt, foreclosure, or creditor pressure becomes too much. Bankruptcy is not just paperwork. It is a legal decision that can affect your home, car, income, credit, and family stability. Veronica Deaver helps clients understand the path ahead before they make a move, with calm guidance and personal attention from start to finish. Personal Legal Guidance ### Not every debt problem needs the same solution. Some clients need fast relief from lawsuits or wage pressure. Others need time to protect a home, catch up payments, or reorganize debt through a court-approved plan. - ✓Chapter 7 and Chapter 13 bankruptcy options explained clearly - ✓Help reviewing foreclosure, repossession, lawsuits, and creditor pressure - ✓Practical guidance for families throughout McKinney and Collin County [Schedule Appointment](#)[Schedule Appointment](https://www.veronicadeaver.com/contact-us/) [Call (214) 282-5024](tel:2142825024) [ ](https://www.veronicadeaver.com/practice_area/chapter-7-bankruptcy/)01 ### Chapter 7 Bankruptcy Chapter 7 may help eliminate qualifying unsecured debt and give you a cleaner financial starting point when repayment is no longer realistic. - ✓Credit card and medical debt review - ✓Lawsuit and judgment pressure guidance - ✓Asset and exemption questions explained Learn More → [ ](https://www.veronicadeaver.com/practice_area/chapter-13-bankruptcy/)02 ### Chapter 13 Bankruptcy Chapter 13 may help clients protect important property, organize debt, and repay what is required over time through a structured legal plan. - ✓Payment plan review and filing support - ✓Help catching up mortgage or vehicle payments - ✓Guidance from filing through plan completion Learn More → #### Foreclosure Pressure When a home is at risk, timing matters. Get clear legal guidance before deadlines, sale dates, or missed payments create fewer options. #### Wage Garnishment Creditor actions can hit income fast. Bankruptcy may provide protection depending on your situation and the type of debt involved. #### Creditor Lawsuits If you have been served or threatened with collection action, a legal review can help you understand what to do next. 27+ **27+ Years Licensed in Texas.** Experienced bankruptcy guidance for clients who need straight answers, steady communication, and a realistic plan forward. [Start With a Private Consultation](#) [Start With a Private Consultation](https://www.veronicadeaver.com/contact-us/) A Clear Process From the First Call Forward ## You deserve to understand your options before making a legal decision. Debt problems can feel urgent, personal, and overwhelming. The process should not make things worse. Veronica Deaver helps clients move step by step, with clear explanations, private guidance, and a practical plan based on their real financial situation. 1 ### Private Consultation Start with a confidential conversation about what is happening, what deadlines are approaching, and what kind of relief or protection may be available. 2 ### Review Debt, Income, Assets, and Pressure Points Your attorney reviews the details that matter, including creditor pressure, lawsuits, foreclosure concerns, vehicle issues, income, property, and family needs. 3 ### Choose the Right Legal Path You will receive clear guidance on whether Chapter 7, Chapter 13, or another legal direction makes the most sense for your situation. 4 ### Filing, Protection, and Next Steps If bankruptcy is the right move, the filing process is handled carefully while you receive guidance on what happens next with creditors, court requirements, and your case timeline. Private. Calm. Respectful. ### No judgment. No scare tactics. Just clear legal guidance. #### Compassionate Bankruptcy Help for North Texas Families Many people wait too long because they feel embarrassed or unsure. The first step is simply understanding your options, not being pressured into a decision. - ✓Confidential conversations about sensitive financial issues - ✓Plain-English explanations of Chapter 7 and Chapter 13 - ✓Guidance focused on protection, stability, and next steps The goal is not to make you feel small. The goal is to help you see a path forward. **Start with a private bankruptcy consultation.** Get clear answers before creditors, deadlines, or missed payments create more pressure. [Schedule Appointment](#) [Schedule Appointment](https://www.veronicadeaver.com/contact-us/) [Call (214) 282-5024](tel:2142825024) When Financial Pressure Starts Closing In ## Debt and foreclosure pressure can escalate quickly. ### How a Local McKinney Bankruptcy Lawyer Can Protect You Debt problems often start quietly, then suddenly everything feels urgent. Collection calls increase, letters keep coming, deadlines appear, and one missed payment can turn into a bigger legal problem. Bankruptcy may give you options, protection, and time to make a clearer decision. [Schedule Appointment](#) [Schedule Appointment](https://www.veronicadeaver.com/contact-us/)[Call (214) 282-5024](tel:2142825024) Private Consultation ### Veronica Deaver Bankruptcy Attorney in McKinney, TX Clear answers before you make a legal decision. Talk through your situation privately and understand what options may be available before creditors, deadlines, or fear control the next step. [Personal Guidance](https://www.veronicadeaver.com/about/meet-veronica/) [Clear Next Steps](#bankruptcy-process) [](https://www.veronicadeaver.com/practice_area/chapter-7-bankruptcy/) 1 ### Credit Card Debt When balances, interest, and minimum payments no longer feel manageable, bankruptcy may help reset the pressure. Learn About Your Options → [](https://www.veronicadeaver.com/practice_area/chapter-7-bankruptcy/) 2 ### Medical Bills Unexpected health costs can create serious debt fast. Get guidance before unpaid bills turn into collection action. Learn About Your Options → [](https://www.veronicadeaver.com/bankruptcy-lawyer-collin-county-tx/) 3 ### Creditor Lawsuits If you have been served or threatened with legal action, timing matters. A legal review can help you understand your options. Learn About Your Options → [](https://www.veronicadeaver.com/practice-area/) 4 ### Wage Garnishment When creditors threaten income, the problem becomes immediate. Bankruptcy protection may help depending on your situation. Learn About Your Options → [](https://www.veronicadeaver.com/protect-your-home-foreclosure/) 5 ### Foreclosure Pressure Missed mortgage payments and foreclosure deadlines need careful legal attention before fewer choices remain. Learn About Your Options → [](https://www.veronicadeaver.com/chapter-13-bankruptcy-stop-vehicle-repossession-mckinney-tx/) 6 ### Repossession Threats If your vehicle is at risk, Chapter 13 or another legal strategy may help protect transportation and stabilize payments. Learn About Your Options → [](https://www.veronicadeaver.com/practice_area/chapter-7-bankruptcy/) 7 ### Collection Calls Constant calls and letters can make debt feel impossible to escape. Legal guidance can help you understand what may stop. Learn About Your Options → [](https://www.veronicadeaver.com/practice_area/chapter-13-bankruptcy/) 8 ### Overwhelming Monthly Payments When the math no longer works, bankruptcy may offer a structured way to regain control and move forward. Learn About Your Options → ! **You do not have to wait until everything collapses to ask what your legal options are.** A private consultation can help you understand whether bankruptcy, repayment protection, or another legal path makes sense. [Talk Through Your Options](#) ![](https://www.veronicadeaver.com/wp-content/uploads/2026/06/veronica-deaver.webp) From the Law Office of Veronica Deaver ## Clear Guidance & Legal Protection When Facing Creditor Pressure When debt becomes more than you can manage, you deserve to understand your rights and available options. Debt collectors may sometimes use aggressive—or potentially unlawful—collection tactics. When you work with our firm, we can communicate with creditors concerning your representation, help protect your legal rights, and guide you through the appropriate next steps. You do not have to face creditor pressure alone. [Contact Our Office Today](tel:+2142825024) Private Bankruptcy Consultation in McKinney ## Start with a private conversation about your options. You do not need to have everything figured out before you call. Share what is happening, ask questions, and get practical guidance about bankruptcy, creditor pressure, foreclosure concerns, or overwhelming debt. ### Request a Private Consultation Use the form below to request a confidential consultation. A member of the office can follow up to discuss availability and the next step. Name Phone Email How can we help you?— How Can We Help You? —Chapter 7 BankruptcyChapter 13 BankruptcyForeclosures and RepossessionsSchool LawOther What are you dealing with? Confidential request. No judgment. Clear next steps. McKinney Office ### Veronica Deaver Bankruptcy Attorney in McKinney, TX 4.7 rating • [23 Google Reviews](https://www.google.com/maps/place/The+Law+Office+of+Veronica+Deaver/@33.2128821,-96.631986,15z/data=!4m8!3m7!1s0x864c13b1670ae54b:0xdb570471560275ee!8m2!3d33.2128821!4d-96.631986!9m1!1b1!16s%2Fg%2F11q8w87sfq?entry=ttu&g_ep=EgoyMDI2MDgyNi4wIKXMDSoASAFQAw%3D%3D) [![Heritage Premier Building, Veronica Deaver’s McKinney office — (214) 282-5024](https://www.veronicadeaver.com/wp-content/uploads/2026/08/law-office-veronica-deaver-heritage-drive-mckinney.webp)](https://goo.gl/maps/dGF6rgDvpYm4BZqL8) **Office Location** 1575 Heritage Dr. Suite 107 McKinney, TX 75069 [Call (214) 282-5024](tel:2142825024) [Get Directions](https://goo.gl/maps/dGF6rgDvpYm4BZqL8)  **Serving McKinney and nearby Collin County communities.** Local bankruptcy guidance for clients who need clear communication, practical next steps, and a private place to talk through financial pressure. [McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) [Allen ](https://www.veronicadeaver.com/allen-tx-bankruptcy-lawyer/)[Fairview](https://www.veronicadeaver.com/bankruptcy-lawyer-collin-county-tx/) [Princeton ](https://www.veronicadeaver.com/bankruptcy-lawyer-collin-county-tx/)[Melissa ](https://www.veronicadeaver.com/bankruptcy-lawyer-collin-county-tx/)[Prosper](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/)[Frisco](https://www.veronicadeaver.com/bankruptcy-lawyer-frisco-tx/) [Celina ](https://www.veronicadeaver.com/bankruptcy-lawyer-collin-county-tx/)[Collin County](https://www.veronicadeaver.com/bankruptcy-lawyer-collin-county-tx/) Serving McKinney and nearby Collin County communities with private bankruptcy guidance, clear communication, and practical next steps. Clear Bankruptcy Answers ## Frequently Asked Questions About Bankruptcy in McKinney, TX Get clear answers before you make a legal decision about Chapter 7, Chapter 13, foreclosure, repossession, lawsuits, creditor pressure, or overwhelming debt. Before You Decide ### Clear answers before you make a decision. Bankruptcy questions are personal. The goal is to help you understand your options, protect what matters, and decide what step makes sense for your situation. [Schedule Appointment](#) [Call (214) 282-5024](tel:2142825024) - ✓Private consultation - ✓Chapter 7 and Chapter 13 guidance - ✓Serving McKinney and Collin County What is the difference between Chapter 7 and Chapter 13 bankruptcy?[Chapter 7](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) is often used to eliminate qualifying unsecured debt when repayment is not realistic. Chapter 13 usually involves a structured repayment plan that may help protect important property, catch up missed payments, or organize debt over time. Can bankruptcy stop creditor calls?In many bankruptcy cases, creditor collection activity must stop after the case is filed because of the automatic stay. The exact protection depends on the type of debt, the timing, and your case details. Can bankruptcy help stop foreclosure?Bankruptcy may help delay or stop foreclosure activity in certain situations. [Chapter 13](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) may also help some homeowners catch up missed mortgage payments through a court-approved plan. Can I keep my car if I file bankruptcy?Many people are able to keep a vehicle, but the answer depends on your loan, equity, payment status, bankruptcy chapter, and available exemptions. A legal review can help you understand the safest path. Will I lose everything if I file bankruptcy?No, bankruptcy does not automatically mean losing everything. Exemptions may protect certain property, and the right chapter depends on your income, assets, debts, and goals. How do I know if bankruptcy is the right option?The right answer depends on your debt type, income, assets, creditor pressure, and long-term goals. A private consultation can help you compare bankruptcy with other available options. How long does the bankruptcy process take?Chapter 7 cases often move faster than Chapter 13 cases, which usually involve a repayment plan over time. The timeline depends on the chapter filed, court requirements, documents, and case complexity. Should I talk to a bankruptcy attorney before creditors take legal action?Yes. It is often better to understand your options before lawsuits, garnishments, foreclosure deadlines, or repossession threats create more pressure and fewer choices. **Private guidance starts with one conversation.** Get clear answers before debt, deadlines, or creditor pressure create fewer options. [Request Private Consultation](#) [Request Private Consultation](https://www.veronicadeaver.com/contact-us/) --- ### [Bankruptcy Lawyer Frisco TX: Get Back on Your Feet](https://www.veronicadeaver.com/bankruptcy-lawyer-frisco-tx/) **Published:** June 21, 2023 **Author:** Veronica Deaver **Content:** ![prosper texas chapter 7 13 attorney](https://www.veronicadeaver.com/wp-content/uploads/2022/11/chapter-7.jpg "Chapter7 | the Law Office of Veronica Deaver") ### Law Office of Veronica Deaver: Frisco Bankruptcy Lawyer **Call [(214) 282-5024]() to schedule a consultation with a Frisco TX bankruptcy lawyer in Frisco. Initial bankruptcy consultations are FREE. Chapter 7, 11, 13**Need financial relief from overwhelming debt? Contact the Law Office of Veronica Deaver for a FREE initial consultation with a Frisco bankruptcy lawyer. Whether you’re dealing with Chapter 7, 11, or 13 bankruptcy, our experienced attorneys can guide you through the process to achieve financial stability. Don’t let creditor harassment or wage garnishment add to your stress – let us help you explore your options for a fresh financial start. Serving Frisco, McKinney, Plano, and surrounding areas. Call (214) 282-5024 now to see if bankruptcy is the right choice for you. with over a decade of experience helping clients protect their assets. Contact Veronica Deaver today to discuss your options and get the support you need during this challenging time. Schedule a free consultation to take the first step towards securing your financial future. Call[ (214) 282-5024]() to schedule a consultation with a Frisco TX bankruptcy lawyer in Frisco. Initial bankruptcy consultations are FREE. Chapter 7, 11, 13 Struggling with Debt? Explore Your Bankruptcy Options Today (Free Consultation) [ Contact (214)-282-5024 ](tel:2142825024) ### FAQ **Can I Buy a House or Car During Bankruptcy?** While in bankruptcy, it is possible to purchase a house or car with court permission. The process varies depending on your bankruptcy type and stage. **Chapter 7 Bankruptcy** For chapter 7 debtors, wait until discharge or after the 341 meeting for purchase. **Chapter 13 Bankruptcy** In chapter 13, confirm the case before incurring new debt. Consult your attorney for filing a motion with the court and providing necessary financial documents to show affordability. **Frisco Division** Chapter 13 debtors in Frisco can request Trustee permission. Submit the Incur Debt Packet for review. Trustee will provide a written response. Note, not all chapter 13 offices allow this process. **Can I Retain my Possessions in Texas Bankruptcy?** Yes, in Frisco Texas, you can typically keep all of your possessions, including your home, vehicles, retirement accounts, furniture, electronics, jewelry, tools, pets, and more. As your attorney, I will work diligently to create a strategy that allows you to retain all of your belongings throughout the bankruptcy process. Your possessions are important to you, and protecting them is one of my top priorities. **Is it possible to eliminate student loans or tax debts through bankruptcy?** To address student loan and tax debts, a Frisco, TX bankruptcy attorney near you must have a thorough understanding of bankruptcy law. In 1998, a new law was enacted that made it difficult to discharge student loans. However, our law Firm based in McKinney Texas can assist in finding relief for student loan debts through Chapter 13 bankruptcy. Our attorneys have the expertise to consolidate and create an interest-free repayment plan for student loans. **Do I need to file for bankruptcy with my spouse or can I file on my own?** Filing for bankruptcy can be done by either spouse individually or together. It is not mandatory for both parties to file. When you consult with me, I will help determine the best approach for your specific situation. There are instances where it may not be necessary or advantageous for both spouses to file jointly. **I am in the process of filing Chapter 7 and I know that my car is in danger of being repossessed. What can I do?** We are not able to protect your vehicle until your bankruptcy case is filed. If your Chapter 7 case fees are paid in full, we could file your case immediately to protect the vehicle. Otherwise, we can change your bankruptcy case to a Chapter 13, if you are eligible. The money that you have already paid towards your Chapter 7 case can go towards the filing fee for the Chapter 13 case and we can file immediately to protect your vehicle. Worried about your car being repossessed during your Chapter 7 bankruptcy filing? Free file your case immediately to protect your vehicle. If not, we can explore changing your case to Chapter 13, utilizing funds already paid towards filing fees. Don’t wait, protect your vehicle today. **Will bankruptcy help me with my IRS debt?** Bankruptcy is a helpful option for resolving IRS debt because it can allow you to pay back the IRS at 0% interest, reduce the amount owed, and establish a favorable payment plan. Additionally, filing for bankruptcy can stop the IRS from placing liens or levies on your property and bank accounts. **Can I Keep My Car and Home if I File for Bankruptcy?** Free Evaluation – Yes, you can keep your car and home, but it is important to schedule a free consultation with our attorneys to review your financial situation and explore your options. [ Contact (214)-282-5024 ](tel:2142825024) ![bankruptcy attorney frisco texas](https://www.veronicadeaver.com/wp-content/uploads/2024/04/chapter-7-bankruptcy-attorneys-near-me-get-help-getting-out-of-debt.jpg "Chapter 7 Bankruptcy Attorneys Near Me Get Help Getting out of Debt | the Law Office of Veronica Deaver") ### Chapter 7 Bankruptcy Attorneys Near Me: Get Help Getting Out of Debt **Chapter 7 Bankruptcy: A Fresh Start** Need a fresh start financially? Consider filing for Chapter 7 bankruptcy with the help of an attorney near you. Chapter 7 bankruptcy can eliminate most of your debts and give you relief from creditors. Contact our experienced bankruptcy attorneys today to learn more about how Chapter 7 bankruptcy can benefit you and your financial future. Schedule a free consultation with us today for personalized guidance on your path to financial recovery. ### Overwhelmed by Debt? Explore Chapter 13 Bankruptcy in Frisco, TX Struggling to manage your finances? Chapter 13 bankruptcy can provide a lifeline. It allows individuals to restructure debt and create a repayment plan, potentially saving your home and car. [Contact Veronica Deaver today](https://www.veronicadeaver.com/contact-us/) **What is Chapter 13 Bankruptcy?** Chapter 13 bankruptcy is a court-supervised debt relief program. You propose a repayment plan to your creditors, often including reduced debts and extended payment terms. If approved, you make monthly payments under court protection, allowing you to catch up and eventually emerge from bankruptcy debt-free. ![](https://www.veronicadeaver.com/wp-content/uploads/2024/04/overwhelmed-by-debt.jpg "Overwhelmed by Debt | the Law Office of Veronica Deaver") **Benefits of Chapter 13 Bankruptcy:** **• Save your property:** Keep your home, car, and other essential assets. **• Reduce your debt:** Pay a manageable portion of your debt over time. **• Rebuild your credit:** Consistent on-time payments under the plan can improve your credit score. **• Stop creditor harassment:** The court protects you from collection actions while you make your payments. **Chapter 13 Bankruptcy: Right for You?** While Chapter 13 offers a path to financial recovery, it’s not a one-size-fits-all solution. Here are some things to consider: **• Commitment required:** You’ll need to make regular payments for 3-5 years. **• Credit score impact:** Filing for bankruptcy can lower your credit score, but responsible repayment can help rebuild it over time. **• Costs involved:** There are filing fees and potentially attorney fees associated with Chapter 13. [**Find an Experienced Frisco Bankruptcy Attorney**](https://www.veronicadeaver.com/how-to-find-the-best-bankruptcy-attorney-in-frisco-tx/) Considering Chapter 13 bankruptcy? Consulting a qualified Frisco bankruptcy attorney is essential. An attorney can: **• Review your financial situation:** Determine if Chapter 13 is the right option for you. **• Guide you through the process:** Navigate the complexities of bankruptcy filing. **• Develop a workable repayment plan:** Create a plan that fits your budget and gets creditor approval. **Get a Fresh Start Today** Don’t let debt hold you back. Contact a reputable Frisco bankruptcy attorney to discuss your options and explore if Chapter 13 can help you achieve financial freedom. [Contact Veronica Deaver today](https://www.veronicadeaver.com/contact-us/) ![The Law Office of Veronica Deaver place picture](https://lh3.googleusercontent.com/places/ANXAkqEggoQqyCJhTGIvXutSPd8UHfoi9OTUPbURED2YQ1MIdHAaOEUuygabkZBsv4ZMF7JOm8j4-_0u8sF0tl51rXLugf4ZitEyGg8=s1600-w300-h300) [The Law Office of Veronica Deaver](https://maps.google.com/?cid=15805106302100862446) 4.6Based on 18 reviews powered by Google [review us on](https://search.google.com/local/writereview?placeid=ChIJS-UKZ7ETTIYR7nUCVnEEV9s) ![Grey H profile picture](https://www.veronicadeaver.com/wp-content/uploads/2024/04/chijs-ukz7ettiyr7nucvneev9s_b4e054801f56429a7745ed913642fb16.jpg) [Grey H](https://www.google.com/maps/contrib/108496292721837490387/reviews)3 years ago Just want everyone to know the ease that Mrs. Deaver made this situation, and acknowledged my every concern. She made the positive outcome quick and easy. I highly recommend! ![Skiy Hampton profile picture](https://www.veronicadeaver.com/wp-content/uploads/2024/04/chijs-ukz7ettiyr7nucvneev9s_ca2029b5cbb36582827582f267995021.jpg) [Skiy Hampton](https://www.google.com/maps/contrib/102474431050724634255/reviews)3 years ago I am so thankful that I found Veronica, she had made the ease of this upsetting situation a breeze. I could not have had a better experience with her thoughtfulness, and she was extremely attentive to my every concern through this process. I highly recommend Veronica if you are in need of this kind of legal assistance. ![Sandra Lujan profile picture](https://www.veronicadeaver.com/wp-content/uploads/2024/04/chijs-ukz7ettiyr7nucvneev9s_46505c400c8aae5b013929ae665534d1.jpg) [Sandra Lujan](https://www.google.com/maps/contrib/112776918071153000816/reviews)3 years ago Veronica is very professional, kind, patient, and knowledgeable. I was so scared when I started the process of my bankruptcy, but she made me feel very confident and comfortable even though I had no idea of the process she took the time to explain it to me and I am so glad I went throught it with her. Thank you, Veronica, for all your help!! ![Tracy Green profile picture](https://www.veronicadeaver.com/wp-content/uploads/2024/04/chijs-ukz7ettiyr7nucvneev9s_4a377fc5317d378b2909b828a71d9353.jpg) [Tracy Green](https://www.google.com/maps/contrib/109130640346234424211/reviews)3 years ago Speaking on the phone with Ms. Deaver, I found her very knowledgeable! ![paula morris profile picture](https://www.veronicadeaver.com/wp-content/uploads/2024/04/chijs-ukz7ettiyr7nucvneev9s_236f334f18ca4b3dbb277cd5b710e126.jpg) [paula morris](https://www.google.com/maps/contrib/111207539850994074035/reviews)4 years ago Victoria was very generous with her help and even though I am not in the area of Texas where she practices she gave me excellent pointers..... lol and she has an awesome accent!! ![kailey lamar profile picture](https://www.veronicadeaver.com/wp-content/uploads/2024/04/chijs-ukz7ettiyr7nucvneev9s_0d2b6c82cd29d5a2cca689f061349e53.jpg) [kailey lamar](https://www.google.com/maps/contrib/117342772137810146907/reviews)5 years ago Veronica helped me back in 2015. The services were A1, easy, and she was very patient with me and my questions. 7 years later she is still providing the same quality service! I needed a copy of a document I lost and Veronica provided it in LESS than 24 hours! She is the best! ![LeAnne Parker profile picture](https://www.veronicadeaver.com/wp-content/uploads/2024/04/chijs-ukz7ettiyr7nucvneev9s_0439cae015d0d29ab66a142c3dd71c77.jpg) [LeAnne Parker](https://www.google.com/maps/contrib/106268828733063364660/reviews)5 years ago We had a wonderful experience with Veronica Deaver. My husband was in deep with creditors, bank levy and home liens. I was considering divorce. Within 10 days of starting the bankruptcy process, all phone calls stopped. Within 2 months of starting the process, the bank levy and home liens were removed. Veronica was the best choice we ever made! [**Skiy Hampton**](https://www.google.com/maps/contrib/102474431050724634255?hl=en-US&ved=1t:31294&ictx=111) I am so thankful that I found Veronica, she had made the ease of this upsetting situation a breeze. I could not have had a better experience with her thoughtfulness, and she was extremely attentive to my every concern through this process. I highly recommend Veronica if you are in need of this kind of legal assistance. [**Doug Ashley**](https://www.google.com/maps/contrib/111788563009467458526?hl=en-US&ved=1t:31294&ictx=111) This lady runs an old time office. You can phone her personally or just come by! Unlike most attorneys that don’t even know your name shetakes time to handle your needs like they were important to her as well.Doug ## **Contact Us Today** Get Back on Track Financially with Our Help [ (214) 282-5024 ](tel:2142825024) **Collin County Cities & Towns:** Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / Frisco / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / Frisco / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie --- ### [Contact Us](https://www.veronicadeaver.com/contact-us/) **Published:** July 4, 2022 **Author:** Veronica Deaver **Content:** ## Contact Us ## Contact Veronica Deaver For Bankruptcy Law Guidance When your day in court comes, I want to be there to help you face your creditors. Let me put my over 21 years of experience in bankruptcy law to work for you. You don’t have to go through this alone. Contact us and we’ll figure out next steps. [ Request Your FREE Session Today ](#) ## Call Us: [ (214) 282-5024 ](tel:2142825024) ## Get in Touch: Heritage Premier Building [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/dGF6rgDvpYm4BZqL8) ## Hours: Mon – Fri: 9:00-6:00 Sat: 10:00-2:00 Sun: CLOSED ## Request Your FREE Consultation Today \* Indicates Required Questions Name Phone Email How can we help you?— How Can We Help You? —Chapter 7 BankruptcyChapter 13 BankruptcyForeclosures and RepossessionsSchool LawOther What are you dealing with? Confidential request. No judgment. Clear next steps. ## Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** [(214) 282-5024](tel:2142825024) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107](https://goo.gl/maps/dGF6rgDvpYm4BZqL8) McKinney, TX 75069 --- ### [Bankruptcy Lawyer in McKinney TX](https://www.veronicadeaver.com/home-01/) **Published:** June 20, 2022 **Author:** Veronica Deaver **Content:** ## Facing Bankruptcy? Contact the attorney that truly cares about their clients’ financial futures. [ Get Started ](/contact-us/) [ Get Started ](/contact-us/) Veronica Deaver [ About Us ](/about-us) ## Compassion, Understanding, and Experience I am dedicated to providing you with exceptional personal service. When the time comes for you to face creditors in court, we will be there for you. You won’t have to face them alone. I have been practicing bankruptcy law in this area for over 20 years. I specifically practice consumer bankruptcy. It’s been my experience that the best way to serve our clients is to devote all our time to one or two areas of law. [ Chapter 7 ](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) [ Foreclosures / Repossessions ](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) [ Chapter 13 ](https://veronicadeaver.com/practise_area/chapter-13-bankruptcy/) [ School Law ](https://veronicadeaver.com/practise_area/school-law/) What We Are Expart At ### Legal Practice Areas [ ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/ "Chapter 13 Bankruptcy Collin County, TX") [ ![Hover Icon](https://www.veronicadeaver.com/wp-content/plugins/themesflat/assets/img/practise-hover-icon.png) ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/) ## [C](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/) [hapter 13 Bankruptcy Collin County, TX](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/) [ ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/) [ ](https://www.veronicadeaver.com/practise_area/school-law/ "School Law") [ ![Hover Icon](https://www.veronicadeaver.com/wp-content/plugins/themesflat/assets/img/practise-hover-icon.png) ](https://www.veronicadeaver.com/practise_area/school-law/) ## [S](https://www.veronicadeaver.com/practise_area/school-law/) [chool Law](https://www.veronicadeaver.com/practise_area/school-law/) [ ](https://www.veronicadeaver.com/practise_area/school-law/) [ ](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/ "Foreclosures and Repossessions") [ ![Hover Icon](https://www.veronicadeaver.com/wp-content/plugins/themesflat/assets/img/practise-hover-icon.png) ](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) ## [F](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) [oreclosures and Repossessions](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) [ ](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) [ ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/ "Chapter 13 Bankruptcy") [ ![Hover Icon](https://www.veronicadeaver.com/wp-content/plugins/themesflat/assets/img/practise-hover-icon.png) ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) ## [C](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) [hapter 13 Bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) [ ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) [ ](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/ "Chapter 7 Bankruptcy") [ ![Hover Icon](https://www.veronicadeaver.com/wp-content/plugins/themesflat/assets/img/practise-hover-icon.png) ](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) ## [C](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) [hapter 7 Bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) [ ](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) ### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. 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. ##### Choose an Experienced Bankruptcy Lawyer in Collin County. [Are you overwhelmed with debt and can’t see a way out?](https://www.veronicadeaver.com/what-to-prepare-when-meeting-with-a-mckinney-bankruptcy-lawyer/) [Veronica Deaver is an experienced bankruptcy attorney](https://www.veronicadeaver.com/bankruptcy-lawyers-near-me-mckinney-texas) who can help. At the Law Offices of [Veronica Deaver](https://www.veronicadeaver.com/about/), we understand that declaring [bankruptcy](https://www.veronicadeaver.com/bankruptcy-lawyers-near-me-mckinney-texas/) can be confusing and frightening. What type of bankruptcy is right for you? What are your options if your home is being foreclosed upon? What if you’re being evicted? Don’t face it alone! Choose an experienced bankruptcy lawyer in mckinney tx you can trust. Veronica Deaver has a wealth of experience in bankruptcy law and is ready to help you during this difficult time. If you’re considering declaring bankruptcy, call [(214) 282-5024](tel:2142825024) for a free consultation. [Veronica Deaver](/about-us) serves the northern and eastern districts of Texas, including Collin, Cook, Dallas, Denton, Grayson, Hunt, and Rockwall counties. ##### What Are the Types of [Bankruptcy?](https://www.veronicadeaver.com/mckinney-texas-chapter-13-bankruptcy-vehicle-repossession) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/home1-1.jpg "Home1 | the Law Office of Veronica Deaver") ##### Chapter 7 Bankruptcy [Chapter 7](/practise_area/chapter-7-bankruptcy/) bankruptcy is designed for people who are experiencing overwhelming financial issues and need to get out from under the weight of their debt fast. Chapter 7 helps you start over financially so you can recover and rebuild. [Chapter 7 ](/practise_area/chapter-7-bankruptcy/)bankruptcy helps people who have large credit card debt and other unsecured bills for which they are unable to make payments. Chapter 7 may provide you: - The ability to, in most cases, keep all your property - The ability to stop home foreclosure - [ The ability to stop repossession ](/practise_area/foreclosures-and-repossessions/) - The ability to stop accruing interest on taxes and other debts - The ability to achieve financial independence after crippling debt Veronica Deaver helps clients [file for Chapter 7 bankruptcy](/practise_area/chapter-7-bankruptcy/) in North Dallas, Collin County, Cooke County, Hunt County, Grayson County, Denton County, and Rockwall County from her office in McKinney, Texas. Schedule your free consultation – call [(214) 282-5024](tel:2142825024) to speak with an experienced bankruptcy attorney today. We’ll help you decide whether Chapter 7 bankruptcy is the best option for you. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/home1-1.jpg "Home1 | the Law Office of Veronica Deaver") [ ![bankruptcy lawyer mckinney tx](https://www.veronicadeaver.com/wp-content/uploads/2022/11/home2.jpg "Home2 | the Law Office of Veronica Deaver") ](https://www.veronicadeaver.com/) ##### Chapter 13 Bankruptcy [Chapter 13 bankruptcy in McKinney TX](/practise_area/chapter-13-bankruptcy/) brings with it relief from stress, and many other benefits, including: - The ability to keep some non-exempt assets - The ability to repay debts in a manner that you can afford - The ability to keep your home and car An experienced lawyer like [Veronica Deaver](/about-us) can help you navigate this form of bankruptcy. We will work with you to determine the repayment terms that work best for you. We’ll also negotiate on your behalf so you’ll be in a better position to get the repayment terms you need to bring yourself out of debt. Declaring [Chapter 13 bankruptcy](https://www.veronicadeaver.com/what-is-chapter-13-bankruptcy/) can be a confusing process. The filing documents themselves can run 60 to 90 pages. The Law Offices of [Veronica Deaver](https://www.veronicadeaver.com/about/meet-veronica/) will ensure you’re following the guidelines of the law so that your reorganization or payment plan will be approved. We’ll help you understand whether Chapter 13 is the right choice for you. Contact Veronica Deaver at [(214) 282-5024](tel:2142825024) for a free consultation. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/home3.jpg "Home3 | the Law Office of Veronica Deaver") ##### [Stop Foreclosures](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) and Evictions You’re in debt and are having trouble making payments. You’re behind on your mortgage payments or your rent, and your home is being foreclosed on or you’re facing eviction. Things seem hopeless – what can you do? Contact [Veronica Deaver](/about-us). She has helped countless people in your exact situation avoid [foreclosure](/practise_area/foreclosures-and-repossessions/) and eviction. If you live in North Dallas, Collin County, Cooke County, Hunt County, Grayson County, Denton County, or Rockwell County and are facing [foreclosure](/practise_area/foreclosures-and-repossessions/) or eviction, you don’t have to face it alone. Call Veronica Deaver at [(214) 282-5024](tel:2142825024) for a free consultation. We’re here to help. [ (214) 282-5024 ](tel:2142825024) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/home3.jpg "Home3 | the Law Office of Veronica Deaver") ![bankruptcy lawyer mckinney tx](https://www.veronicadeaver.com/wp-content/uploads/2022/11/home4.jpg "Home4 | the Law Office of Veronica Deaver") ##### Free Consultation, Flexible Office Hours You’re working hard to pull yourself out of debt, and your schedule doesn’t allow for weekday appointments. Veronica Deaver is an experienced bankruptcy attorney in [McKinney, Texas,](https://en.wikipedia.org/wiki/McKinney,_Texas) who can meet with you outside of normal business hours. Call [(214) 282-5024](tel:2142825024) to schedule an appointment and discuss whether bankruptcy is right for you. Veronica Deaver helps people with [Chapter 7](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) and [Chapter 13 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) in the northern and eastern districts of Texas, including Collin, Cook, Dallas, Denton, Grayson, Hunt, and Rockwall counties. [ (214) 282-5024 ](tel:2142825024) [ Chapter 7 Bankruptcy ](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) [ ](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) [ Chapter 13 Bankruptcy ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) [ ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) [ Foreclosures and Repossessions ](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) [ ](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) [ School Law ](https://www.veronicadeaver.com/practise_area/school-law/) [ ](https://www.veronicadeaver.com/practise_area/school-law/) [ Chapter 13 Bankruptcy Collin County, TX ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/) [ ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/) We Love Helping Our Clients Through Hard Times ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/testimonial-150x150.png "Testimonial | the Law Office of Veronica Deaver") *"What an amazing bankruptcy attorney. We were afraid to even call. She spoke with us on the phone for free and then set an appointment for that next week! We are so grateful that we have her showing us how to get out of this mess. I highly recommend her! I wish* I could give her 10 stars!" - Abby A. CASES WE SOLVED ## Recent Case Studies No posts found ## As long as we can't win, You Don’t Pay Money! Check This Video. [ ](https://www.youtube.com/watch?v=XHOmBV4js_E) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/contact-hop.png "Contacthop | the Law Office of Veronica Deaver") Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ### [Practice Areas](https://www.veronicadeaver.com/practice-area/) **Published:** June 23, 2022 **Author:** Veronica Deaver **Content:** What We Are Expart At ## Legal Practice Areas [ ](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/ "Chapter 7 Bankruptcy") [ ![Hover Icon](https://www.veronicadeaver.com/wp-content/plugins/themesflat/assets/img/practise-hover-icon.png) ](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) ## [C](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) [hapter 7 Bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) [ ](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) [ ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/ "Chapter 13 Bankruptcy") [ ![Hover Icon](https://www.veronicadeaver.com/wp-content/plugins/themesflat/assets/img/practise-hover-icon.png) ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) ## [C](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) [hapter 13 Bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) [ ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) [ ](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/ "Foreclosures and Repossessions") [ ![Hover Icon](https://www.veronicadeaver.com/wp-content/plugins/themesflat/assets/img/practise-hover-icon.png) ](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) ## [F](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) [oreclosures and Repossessions](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) [ ](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) [ ](https://www.veronicadeaver.com/practise_area/school-law/ "School Law") [ ![Hover Icon](https://www.veronicadeaver.com/wp-content/plugins/themesflat/assets/img/practise-hover-icon.png) ](https://www.veronicadeaver.com/practise_area/school-law/) ## [S](https://www.veronicadeaver.com/practise_area/school-law/) [chool Law](https://www.veronicadeaver.com/practise_area/school-law/) [ ](https://www.veronicadeaver.com/practise_area/school-law/) [ ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/ "Chapter 13 Bankruptcy Collin County, TX") [ ![Hover Icon](https://www.veronicadeaver.com/wp-content/plugins/themesflat/assets/img/practise-hover-icon.png) ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/) ## [C](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/) [hapter 13 Bankruptcy Collin County, TX](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/) [ ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/) ##### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ##### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ### [About](https://www.veronicadeaver.com/about/) **Published:** June 30, 2022 **Author:** Veronica Deaver **Content:** ## Collin County, Texas Bankruptcy Attorney About Veronica Deaver The Law Office of Veronica Deaver was founded upon the notion that debt should not condemn one to a life of poverty and fear. Bankruptcy law was written with this intent, and you deserve to preserve your rights. Whether you have chosen to consider bankruptcy or have been forced into it by unscrupulous debtors, we stop at nothing to ensure that your assets and future are protected. Over her years of experience, Veronica Deaver has seen success as a bankruptcy attorney in the greater McKinney area and beyond. Veronica Deaver’s knowledge of bankruptcy law prevents creditors and collectors from taking advantage of you. We work with you to rebuild confidence and make sound decisions. Time and again, clients walk into our office in confusion and fear. Invariably, they leave their free consultation confident that they’re working with an experienced bankruptcy attorney in North Texas. ## Chapter 7 Bankruptcy Chapter 7 bankruptcy allows for immediate erasure of many debts. Learn more about Chapter 7 bankruptcy by scheduling a [free consultation](https://veronicadeaver.com/contact-us/) with the Law Offices of Veronica Deaver. You can reach Veronica’s office at [214-282-5024](tel:214-282-5024). Whether you’re seeking bankruptcy for your family, your business, or yourself, we serve everyone in North Dallas, Collin County, Cooke County, Denton County, Grayson County, and Rockwall County. [ Chapter 7 Bankruptcy ](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/chapter7.jpg "Chapter7 | the Law Office of Veronica Deaver") ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/chapter13.jpg "Chapter13 | the Law Office of Veronica Deaver") ## Chapter 13 Bankruptcy Earning a decent living doesn’t make you invulnerable to insurmountable debt. It stands to reason, then, that it shouldn’t disqualify you from filing for bankruptcy. Referred to as the ‘wage-earner’s’ plan, Chapter 13 bankruptcy allows you to reorganize your debt into a reasonable repayment plan. Learn more about Chapter 13 bankruptcy by [scheduling a free consultation](https://www.veronicadeaver.com/contact-us/ "Contact Us") with the Law Offices of Veronica Deaver. You can reach Veronica’s office at [214-282-5024](tel:214-282-5024). Whether you’re seeking bankruptcy for your family or yourself, we serve everyone in North Dallas, Collin County, Cooke County, Denton County, Grayson County, and Rockwall County. [ Chapter 13 Bankruptcy ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) ## Foreclosures & Repossessions If it’s been months since your last mortgage or car payment, you might be at risk of a home going into foreclosure or your car being repossessed. You may have already received notice. This is a very serious matter. Don’t wait until things get bad—or wait around for them to get better—before taking action. Contact the Law Offices of Veronica Deaver for a [free consultation](/contact-us/) to protect your home. [ Foreclosures & Repossessions ](https://www.veronicadeaver.com/practise_area/foreclosures-and-repossessions/) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/basic2.jpg "Basic2 | the Law Office of Veronica Deaver") ##### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ##### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ### [Top Carrollton TX Bankruptcy Lawyer Near You](https://www.veronicadeaver.com/carrollton-tx-bankruptcy-lawyer/) **Published:** February 12, 2025 **Author:** Veronica Deaver **Content:** ![lawyer](https://www.veronicadeaver.com/wp-content/uploads/2024/07/chapter-13.png "Chapter 13 | the Law Office of Veronica Deaver") ### Carrolton Texas Bankruptcy lawyer Carrollton: Veronica Deaver In debt? Veronica Deaver is **a** Certified Carrollton TX Bankruptcy lawyer near you Providing bankruptcy services in the following zip codes 75006, 75007, 75010, 75011, and 75019, 75093 75407. [Veronica Deaver](https://www.veronicadeaver.com/about-us) serves the northern and eastern districts of Texas, including Collin, Cook, Dallas, Denton, Grayson, Hunt, and Rockwall counties. Call [(214) 282-5024](tel:2142825024) for bankruptcy solutions in Dallas or Denton County TX. With 20+ years of experience, Veronica Deaver is your go-to attorney for bankruptcy, foreclosure defense, debt resolution, and asset protection in Collin County, Texas. Schedule online or onsite appointments today! [ Contact (214)-282-5024 ](tel:2142825024) ### Why Hire a Bankruptcy Attorney in Carrollton TX? At **The Law Offices of Veronica Deaver**, our Carrollton TX bankruptcy lawyer Carrollton know that bankruptcy is often the best solution when your personal or business finances are in trouble. Texas [bankruptcy](https://en.wikipedia.org/wiki/Bankruptcy) courts are very debtor-friendly and can protect your home, car, retirement accounts, and many of your assets. Our **bankruptcy attorneys** can: 1. **Make sure you comply with bankruptcy requirements.** 2. **Protect your home, your vehicles, and your property.** 3. **Deal with credit cards, loans, and other debts.** 4. **Handle paying of debts.** **Bankruptcy vs. Credit Repair** Deciding between bankruptcy and credit repair varies per individual. It’s a personal decision that is best evaluated on a case-by-case basis. For some, the timing is off, or credit counseling might be more beneficial. For others, bankruptcy could be the optimal solution. Consider consulting a bankruptcy attorney if you face any of these challenges: – Risk of foreclosure on your home or car – Rapidly increasing credit card debt – Business struggling to meet monthly obligations – Persistent threats from creditors **Ready to explore your bankruptcy options? Call** [(214) 282-5024](tel:2142825024) **or** [contact the firm online ](https://www.veronicadeaver.com/contact-us/)**to schedule a free initial consultation.** ![](https://www.veronicadeaver.com/wp-content/uploads/2025/02/don-t-hire.png "Donthire | the Law Office of Veronica Deaver") ![veronica deaver bankruptcy attorney prosper tx](https://www.veronicadeaver.com/wp-content/uploads/2024/04/veronica-deaver-bankruptcy-attorney-prosper-tx.jpg "Veronica Deaver Bankruptcy Attorney Prosper Tx | the Law Office of Veronica Deaver") ### Exploring Bankruptcy Options The two most common [bankruptcy](https://www.veronicadeaver.com/about/meet-veronica/) types are [**Chapter 7**](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) and [Chapter 13](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/), each with distinct features: **Chapter 7** – [Chapter 7](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) Discharges primarily unsecured debts like medical expenses and credit cards with no repayment. – Stops all creditor collection activities. – Offers a fresh start for rebuilding credit. **Chapter 13** – Known as “rehabilitation bankruptcy,” it involves a 3 to 5-year repayment plan to manage your debts. – Stops creditor collections. – Provides advantages in avoiding foreclosure and repossession. – Does not require asset liquidation. ### Choosing Between Chapter 7 and Chapter 13 Bankruptcy Federal law outlines eligibility for Chapter 7 and [Navigating Chapter 13 bankruptcy](https://www.veronicadeaver.com/blog-im-chapter-13-bankruptcy-happens-tax-refund/), but these rules are complex, leading to common misconceptions. Many believe they’re ineligible for Chapter 7 due to high income, yet eligibility is determined by a “means test.” This test considers wages, debts, assets, family obligations, and more. [Lien avoidance](https://www.veronicadeaver.com/blog-mckinney-bankruptcy-avoiding-liens/) is a mechanism available in Chapter 7 [**Bankruptcy Exemptions**](https://www.veronicadeaver.com/what-exemptions-does-texas-have-for-chapter-7-bankruptcy/) and Chapter 13 bankruptcy proceedings. Even those with a six-figure income might qualify for Chapter 7, depending on their situation. **If you’re contemplating bankruptcy, consult a qualified bankruptcy attorney to:** 1. Evaluate if bankruptcy is your best option. 2. Determine eligibility for Chapter 7 or Chapter 13. 3. Guide you through the bankruptcy process. 4. Help you plan for post-bankruptcy. ### Get Financial Freedom with a Top Bankruptcy Attorney in Allen TX Struggling with debt or facing foreclosure? [The Law Office of Veronica Deaver](https://www.texasbar.com/AM/Template.cfm?Section=Find_A_Lawyer&template=/Customsource/MemberDirectory/MemberDirectoryDetail.cfm&ContactID=222997) is here to help you regain financial control. Our experienced attorneys in Allen are committed to guiding you toward financial freedom. **Free Consultation: Your First Step** Start your journey with a no-obligation consultation. We’ll: – Review Your Financial Situation: Each case is unique and needs personalized attention. – Explore Your Options: Understand legal paths like Chapter 7 and Chapter 13 bankruptcy, debt resolution, and foreclosure defense. – Answer Your Questions: We ensure clear communication at every step. ![repossessions what you need to know](https://www.veronicadeaver.com/wp-content/uploads/2022/06/f7.jpg "F7 | the Law Office of Veronica Deaver") ![hire veronica](https://www.veronicadeaver.com/wp-content/uploads/2025/02/hire-veronica.png "Hireveronica | the Law Office of Veronica Deaver") **Experienced Representation** Our dedicated attorneys can assist you in: – Contesting Debt Obligations: We defend your rights and verify the validity of debts. – [Filing for Bankruptcy](https://www.lawyers.com/mckinney/texas/veronica-deaver-attorney-at-law-43110743-f/): We’ll guide you through Chapter 7 or Chapter 13, based on your needs. – Navigating Foreclosure: We work to defend your home and explore all available solutions. ### Navigating bankruptcy in Collin County, TX Can be complex. A qualified bankruptcy lawyer, Carrollton is essential to ensure a smooth process and achieve the best possible outcome. Here’s how they can help: - **Expert Guidance:** A lawyer provides advice and support throughout the entire bankruptcy process, from initial consultation to case discharge. - **Paperwork and Filings:** They handle all necessary paperwork and filings, ensuring accuracy and adherence to court requirements. - **Creditor Negotiations:** Experienced lawyers negotiate with creditors to potentially reduce debts and create manageable repayment plans. - **Bankruptcy Type Selection:** They explain the various types of bankruptcy (e.g., Chapter 7, Chapter 13) and help you determine the most appropriate option for your specific circumstances. - **Legal Process Navigation:** Lawyers guide you through the intricate legal procedures, ensuring you understand your rights and responsibilities. - **Deadline Management:** They keep track of deadlines and court orders, preventing costly mistakes and ensuring compliance. - **Maximizing Benefits:** A qualified lawyer works to maximize the benefits of bankruptcy for you, minimizing debt and setting you up for future financial success. They strive to help you emerge from bankruptcy with a fresh start. ![what you need to know about school law](https://www.veronicadeaver.com/wp-content/uploads/2022/06/school3.jpg "School3 | the Law Office of Veronica Deaver") ### About Carrollton TX Carrollton, Texas is a dynamic city within the Dallas-Fort Worth metroplex, offering a blend of suburban charm and urban conveniences. Here’s a glimpse of what makes Carrollton special, with some visual highlights: **A City of Growth and Diversity** - Carrollton has experienced significant growth in recent decades, evolving from a small agricultural community to a thriving city with a diverse population. - It’s known for its welcoming atmosphere and strong sense of community. **Economic Hub** - Carrollton boasts a diverse economy, attracting businesses in various sectors. - It’s home to corporate headquarters, manufacturing facilities, and a growing number of small businesses. **Quality of Life** - Carrollton consistently ranks high in “best places to live” lists, thanks to its affordable housing, excellent schools, and safe neighborhoods. - The city prioritizes parks and green spaces, offering residents plenty of opportunities for outdoor recreation. Historic Downtown Carrollton is a vibrant hub with a mix of shops, restaurants, and entertainment venues. It’s a popular gathering spot for residents and visitors alike. ### Chapter 7 and Chapter 13 Bankruptcy FAQ in Carrollton, Texas Facing overwhelming debt in Carrollton, Texas? You’re likely considering bankruptcy, and Chapter 7 and Chapter 13 are the most common options. Here’s a breakdown of frequently asked questions to help you understand the basics: **Chapter 7 Bankruptcy** - **What is it?** Chapter 7 is bankruptcy. You can eliminate most unsecured debts like credit card debt and medical bills. In some cases, you may have to sell some of your assets to pay creditors. - **Who qualifies?** You’ll need to pass a “means test” to show you don’t have enough income to repay your debts. - **How long does it take?** Typically, a Chapter 7 case is completed in a few months. - **What are the pros?** Quick debt relief, fresh financial start. - **What are the cons**? You may lose some assets, can’t discharge certain debts (like student loans). **Chapter 13 Bankruptcy** - **What is it?** Chapter 13 is a reorganization bankruptcy. You’ll create a repayment plan to pay back some or all of your debts over 3-5 years. - **Who qualifies?** You need a regular income to make the payments. - **How long does it take?** 3-5 years, the length of your repayment plan. - **What are the pros?** Can keep your assets (like your home), can catch up on missed mortgage payments. - **What are the cons?** Longer process requires consistent income. **General Bankruptcy FAQs** - **How will bankruptcy affect my credit?** Both Chapter 7 and 13 will negatively impact your credit score, but it will gradually improve over time. - **Can I keep my house?** In Chapter 7, you may lose your house if you have a lot of equity. In Chapter 13, you can usually keep your house if you can make your mortgage payments. - **Can I keep my car?** Like a house, you may lose your car in Chapter 7 if you owe more than it’s worth. In Chapter 13, you can often keep your car. - **Do I need a lawyer?** While not required, it’s highly recommended to have a bankruptcy lawyer. They can guide you through the process and protect your rights. ### Schedule Your Free Strategic Planning Session Today! We handle consumer [bankruptcy cases in the Eastern District of Texas](https://www.txeb.uscourts.gov/), Sherman Division, serving all of North Texas, including [Collin](https://www.veronicadeaver.com/bankruptcy-lawyer-collin-county-tx/), [**Allen TX Bankruptcy Lawyer**](https://www.veronicadeaver.com/allen-tx-bankruptcy-lawyer/) Cooke, Dallas, Denton, Grayson, Hunt, and Rockwall counties. [Contact us today](https://www.veronicadeaver.com/contact-us/) to schedule your free phone strategic planning session. **Important Note:** Bankruptcy laws are complex, and every case is unique. This information is for general knowledge only. It’s essential to consult with a qualified bankruptcy attorney in Carrollton, Texas, to discuss your specific situation and determine the best course of action. **Disclaimer** The information provided on this website is for general informational purposes only and does not constitute legal advice. It should not be relied upon as a substitute for 1 professional legal counsel regarding your specific situation. No attorney-client relationship is created by viewing or using this website. We are a debt relief agency and assist individuals in filing for bankruptcy relief under the United States Bankruptcy Code. --- ### [Resource](https://www.veronicadeaver.com/resource/) **Published:** September 11, 2023 **Author:** Veronica Deaver **Content:** ## Posts - [Bankruptcy Lawyer Near Me McKinney, TX: Costs, Reviews & Local Help](https://www.veronicadeaver.com/bankruptcy-lawyer-mckinney-tx-costs-reviews/) - [Bankruptcy Lawyers Near Me McKinney, TX](https://www.veronicadeaver.com/bankruptcy-lawyers-mckinney-tx/) - [When to File Chapter 13 Bankruptcy in Collin County Texas](https://www.veronicadeaver.com/when-to-file-chapter-13-bankruptcy-in-collin-county-texas/) - [Are You Considering Filing a Bankruptcy- Start Here](https://www.veronicadeaver.com/are-you-considering-filing-a-bankruptcy-start-here/) - [Understanding Bankruptcy for Homeowners: Safeguarding Your Most Valuable Asset](https://www.veronicadeaver.com/understanding-bankruptcy-for-homeowners/) - [MCKINNEY BANKRUPTCY: AVOIDING LIENS: VERONICA DEAVER](https://www.veronicadeaver.com/blog-mckinney-bankruptcy-avoiding-liens/) - 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[The Means Test](https://www.veronicadeaver.com/mckinney-tx-chapter-7-means-test/) - [Bankruptcy Exemptions – Basic Pitfalls](https://www.veronicadeaver.com/bankruptcy-exemptions-pitfalls-mckinney-prosper-tx/) - [Overview of Chapter 7 Bankruptcy](https://www.veronicadeaver.com/overview-of-chapter-7-bankruptcy-mckinney/) - [What to Do If You’re Facing a Credit Card Lawsuit](https://www.veronicadeaver.com/what-to-do-if-youre-facing-a-credit-card-lawsuit-in-texas/) - [Bankruptcy Frequently Asked Questions in Texas](https://www.veronicadeaver.com/bankruptcy-frequently-asked-questions-in-texas/) - [Recession 2023 – is it coming, and what does it mean?](https://www.veronicadeaver.com/recession-what-you-need-to-do/) - [Have Business and Consumer Bankruptcy Filings Decreased?](https://www.veronicadeaver.com/bankruptcy-filings-texas-business/) - [Secured Credit Cards After Bankruptcy](https://www.veronicadeaver.com/secured-credit-cards-after-bankruptcy-rebuild-credit/) - [Military Bankruptcy Myths in Texas That Won’t Go Away](https://www.veronicadeaver.com/military-bankruptcy-texas-myths/) - [Bankruptcy, Foreclosure & Repossession: Legal Counsel You Can Trust](https://www.veronicadeaver.com/bankruptcy-foreclosure-repossession-legal-counsel-you-can-trust/) - [A Guide to Financial Success After Bankruptcy](https://www.veronicadeaver.com/navigating-success-after-bankruptcy/) - [What is Chapter 13 Bankruptcy?](https://www.veronicadeaver.com/what-is-chapter-13-bankruptcy/) - [Foreclosure 101: Our Law Experts Answer 5 Common Questions](https://www.veronicadeaver.com/foreclosure-questions-answered/) - [Why Local Attorneys Beat Large Firms Every Time](https://www.veronicadeaver.com/local-attorney-veronica-deaver-fights-for-you/) - [Chapter 7 Bankruptcy Frequently Asked Questions](https://www.veronicadeaver.com/chapter-7-bankruptcy-frequently-asked-questions/) - [Veronica Deaver’s Chapter 7 Bankruptcy 101](https://www.veronicadeaver.com/everything-you-need-to-know-about-chapter-7-bankruptcy-101/) - [So You’re Filing for Bankruptcy – What Are Your Next Steps?](https://www.veronicadeaver.com/filing-for-bankruptcy-collin-county-your-next-steps/) ## Pages - [Home](https://www.veronicadeaver.com/) - [Top Carrollton TX Bankruptcy Lawyer Near You](https://www.veronicadeaver.com/carrollton-tx-bankruptcy-lawyer/) - [Bankruptcy Attorney Propser TX](https://www.veronicadeaver.com/bankruptcy-attorney-prosper-tx/) - [Allen TX Bankruptcy Lawyer](https://www.veronicadeaver.com/allen-tx-bankruptcy-lawyer/) - [Resource](https://www.veronicadeaver.com/resource/) - [Bankruptcy Lawyer Prosper, TX: Get Back on Your Feet](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) - [Bankruptcy Lawyer Frisco TX: Get Back on Your Feet](https://www.veronicadeaver.com/bankruptcy-lawyer-frisco-tx/) - [Locations](https://www.veronicadeaver.com/locations/) - [Bankruptcy Services in Collin County, TX](https://www.veronicadeaver.com/bankruptcy-lawyer-collin-county-tx/) - [Foreclosure of a House](https://www.veronicadeaver.com/protect-your-home-foreclosure/) - [Bankruptcy Attorney in McKinney, TX](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) - [Bankruptcy for Businesses](https://www.veronicadeaver.com/bankruptcy-lawyer-for-chapter-11-mckinney/) - [Vehicle Repossession](https://www.veronicadeaver.com/chapter-13-bankruptcy-stop-vehicle-repossession-mckinney-tx/) - [Terms and Conditions](https://www.veronicadeaver.com/terms-and-conditions/) - [Privacy Policy](https://www.veronicadeaver.com/privacy-policy/) - [Meet Veronica Deaver](https://www.veronicadeaver.com/about/meet-veronica/) - [Contact Us](https://www.veronicadeaver.com/contact-us/) - [FAQ](https://www.veronicadeaver.com/faqs-get-answers-to-your-legal-bankruptcy-questions/) - [About](https://www.veronicadeaver.com/about/) - [Blog](https://www.veronicadeaver.com/blog/) - [Practice Areas](https://www.veronicadeaver.com/practice-area/) - [Bankruptcy Lawyer in McKinney TX](https://www.veronicadeaver.com/home-01/) --- ### [Bankruptcy Services in Collin County, TX](https://www.veronicadeaver.com/bankruptcy-lawyer-collin-county-tx/) **Published:** April 1, 2023 **Author:** Veronica Deaver **Content:** ![chapter 13 1](https://www.veronicadeaver.com/wp-content/uploads/2022/06/chapter-13-1-300x237.jpg "Chapter131 | the Law Office of Veronica Deaver")If 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](https://www.veronicadeaver.com/faq/) 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](https://www.veronicadeaver.com/can-chapter-13-take-my-disability-back-pay-mckinney-texas/), 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 ](https://www.veronicadeaver.com/about/)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](https://www.veronicadeaver.com/bankruptcy-lawyers-attorneys-near-me-mckinney-tx/) 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. **ABOUT OUR ATTORNEY** 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](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) and [Chapter 13 bankruptcy](https://www.veronicadeaver.com/practise_area/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](tel:2142825024) **or** [contact the firm online ](https://www.veronicadeaver.com/contact-us/)**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](https://upsolve.org/tx/mckinney/) 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](https://www.veronicadeaver.com/filing-for-bankruptcy-collin-county-your-next-steps/), 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](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/). 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?**](https://www.veronicadeaver.com/faqs-get-answers-to-your-legal-bankruptcy-questions/) 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. --- ### [Bankruptcy Attorney in McKinney, TX](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) **Published:** December 21, 2022 **Author:** Veronica Deaver **Content:** ![prosper texas chapter 7 13 attorney](https://www.veronicadeaver.com/wp-content/uploads/2022/11/chapter-7.jpg "Chapter7 | the Law Office of Veronica Deaver") ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/home-left-1.png "Homeleft | the Law Office of Veronica Deaver") ### Contact Us Today To Schedule A Free Phone Strategic Planning Session Are you struggling with debt? Our McKinney bankruptcy lawyer can help. Did you do a search for Free bankruptcy consultation near me? We offer free consultations and can help you file for bankruptcy under [Chapter 7](https://www.veronicadeaver.com/everything-you-need-to-know-about-chapter-7-bankruptcy-101/), Chapter 11, or Chapter 13. We will work with you to protect your assets and get you back on your feet financially. Call us today to schedule a consultation. We don’t shy away from complex bankruptcy cases or cases that require us to fight. You can reach Veronica’s office at [214-282-5024](tel:2142825024). Whether you need to file for bankruptcy for your family, your business, or yourself, we serve everyone in North Dallas, Collin County, Cooke County, Denton County, Grayson County, and Rockwall County. Over her years of experience, Veronica Deaver has seen success as a bankruptcy attorney in the greater McKinney area and beyond. [Veronica ](https://www.veronicadeaver.com/about/)brings more knowledge, experience, and passion to bankruptcy law than any bankruptcy attorney in North Texas. Our law practice has helped thousands of people across North Texas find their way out of what appeared to be crippling debt. ## Why we believe bankruptcy can help your mental health. It’s important to note that filing for bankruptcy near me is not a magic bullet. It won’t solve all of your problems, and it may have some negative consequences, such as a negative impact on your credit score. However, filing for bankruptcy can be a helpful tool for people who are struggling with debt and who are experiencing negative mental health consequences as a result. If you’re considering filing for bankruptcy, it’s important to talk to our McKinney, Texas, bankruptcy attorney to learn more about the process and to get help making the best decision for your financial and mental health. ![veronica deaver bankruptcy attorney in collin county](https://www.veronicadeaver.com/wp-content/uploads/2022/06/bank1.jpg "Bank1 | the Law Office of Veronica Deaver") ### Bankruptcy can help your mental health in a number of ways. It can: - **Reduce stress.** When you’re struggling with debt, it can be a constant source of stress. You may worry about how you’re going to pay your bills, how you’re going to keep up with your mortgage or rent, or how you’re going to provide for your family. Filing for bankruptcy can help to reduce this stress by eliminating your debt and giving you a fresh start. - **Improve your self-esteem.** Debt can also take a toll on your self-esteem. You may feel like a failure, or like you’re not good enough. Filing for bankruptcy in McKinney can help to improve your self-esteem by giving you a sense of control over your finances and by showing you that you’re not alone. - **Increase your motivation.** When you’re struggling with debt, Debt relief near me attorneys can help. it can be difficult to find the motivation to do anything. You may feel like there’s no point in trying because you’re just going to fail. Filing for bankruptcy in McKinney can help to increase your motivation by giving you a sense of hope and by showing you that you can overcome your financial problems. - **Improve your relationships.** Debt can also strain your relationships with your loved ones. You may argue about money, or you may feel like you’re letting them down. Filing for bankruptcy in McKinney can help to improve your relationships by reducing the stress and anxiety that debt causes. ### Free Bankruptcy Consultation-McKinney Get Help with Debt Relief in McKinney, TX. There are two main types of bankruptcy: to get out of debt, no payments, chapter 7 bankruptcy in McKinney, TX, and repayment plans. Chapter 13 bankruptcy. Many factors influence which Bankruptcy lawyer near me is the best choice. The income, expenses, classes, and limits of the various chapters, as well as long-term goals and objectives, all impact which chapter is best. Chapter 7 is not recommended if you want to keep your house, car, or both. Chapter 7 is a good option if you have medical bills or credit cards and are current with your car and house payments. When you Google “A board-certified attorney near me in McKinney, “Veronica can help you choose the right bankruptcy option. There are many options for debt relief. Affordable bankruptcy lawyer services near me should not be considered an “option of last resort.” Look at other options before you file for bankruptcy. A Highly rated bankruptcy lawyer near me may offer debt relief, and there are better options than this if you are at high risk of losing your home or car. Veronica Deaver can save your car or home. We can help keep your house by submitting a forbearance agreement. We can also help with a loan modification. We can defend clients in state court lawsuits against credit card claims. In some cases, we can resolve credit card lawsuits in state court. Credit card negotiations are also possible. We can assist you in all areas related to debt. ### Experienced and Compassionate Representation \* Bankruptcy lawyer near me, \* Free bankruptcy consultation near me, \* Debt relief near me, \* Get out of debt near me, \* File for bankruptcy near me, \* Chapter 7 bankruptcy near me, \* Chapter 13 bankruptcy near me, \* Best bankruptcy lawyer near me, \* Affordable bankruptcy lawyer near me, \* Experienced bankruptcy lawyer near me, \* Compassionate bankruptcy lawyer near me, \* Aggressive bankruptcy lawyer near me, \* Proven track record bankruptcy lawyer near me, \* Highly rated bankruptcy lawyer near me, \* 5-star bankruptcy lawyer near me, \* Local bankruptcy lawyer near me, \* McKinney bankruptcy lawyer ### Bankruptcy Debt Relief Debt relief can be a helpful tool for people who are struggling with debt in Texas and who are experiencing negative financial consequences as a result. If you’re considering debt relief, it’s important to talk to a debt relief company to learn more about the process and to get help making the best decision for your financial situation. The federal courts are where bankruptcy is filed. [Bankruptcy ](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/)can be a lawsuit filed against creditors. You must fill out documents to be filed with the court to file bankruptcy. A credit counseling course is also required. You will be asked to give your financial information to the court. You will need to meet with a trustee after a case has been filed. The meeting takes place approximately 30 days after the claim has been filed. Chapters 7 and 11 cases are different. A [Chapter 7 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) case should be filed within 4 to 6 months of the filing date. Chapter 13 cases can take between 3 and 5 years, and Chapter 11 cases can last from 6 months to 1 1/2 years. We offer support for our clients at every step. **Here are some of the most common types of debt relief:** - **Debt consolidation.** Debt consolidation is when you take out a new loan to pay off all of your existing debts. This can help to reduce your monthly payments and make it easier to manage your debt. - **Debt settlement.** Debt settlement is when you negotiate with your creditors to have them reduce the amount of debt you owe. This can help you to save money, but it can also damage your credit score. - **Debt relief.** Debt relief in Collin County, TX is a general term that refers to any type of program that helps you to reduce your debt. There are many different types of debt relief programs, so it’s important to do your research and choose one that is right for you. If you’re considering debt relief, it’s important to talk to a qualified professional to get help making the best decision for your financial situation. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/chapter-7-1.jpg "Chapter71 | the Law Office of Veronica Deaver") ## Chapter 7 Bankruptcy Attorneys Near Me Chapter 7 bankruptcy is a type of bankruptcy that allows individuals to get rid of most of their debts. It is the most common type of bankruptcy filed in the United States. In Chapter 7 bankruptcy, a trustee is appointed to sell your non-exempt assets and use the proceeds to pay your creditors. After your assets have been sold, any remaining debts are discharged, which means you are no longer legally obligated to pay them. There are some debts that cannot be discharged in Chapter 7 bankruptcy, such as child support, alimony, student loans, and taxes. However, most other types of debt, including credit card debt, medical debt, and personal loans, can be discharged. Filing for Chapter 7 bankruptcy to get out of debt near you allows you to eliminate your debts quickly, and in a matter of months, you can get a fresh start and move on. [**Chapter 7 bankruptcy**](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) allows you to sell your [non-exempt assets](https://www.veronicadeaver.com/what-exemptions-does-texas-have-for-chapter-7-bankruptcy/) (most Texas residents have very little or none) that can be used to pay your creditors, providing a “fresh start.” This method is the most efficient for eliminating debt but less effective for protecting assets. Contact a [**Veronica Deaver**](https://www.veronicadeaver.com/about/) debt relief expert today if you need quick debt relief. They will help you decide if [**Chapter 7 bankruptcy**](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) is right for you. If you are considering filing for Chapter 7 bankruptcy and you live in McKinney, it is important to weigh the pros and cons carefully. It is also important to talk to a bankruptcy attorney to learn more about the process and to get help making the best decision for your financial situation. **Chapter 7 bankruptcy can have a number of benefits, including:** - **Getting rid of debt.** If you are struggling with debt, Chapter 7 bankruptcy McKinney can help you get rid of most of it. This can free up your income and allow you to start rebuilding your financial life. - **A fresh start**. Chapter 7 bankruptcy can give you a fresh start financially. After your debts are discharged, you will not be hounded by creditors anymore. - **Improved credit score.** Over time, your credit score will improve after filing for Chapter 7 bankruptcy. This will make it easier for you to get loans, rent an apartment, or get a job. ## Chapter 11 Bankruptcy Attorneys Near Me Filing for a Chapter 11 bankruptcy in McKinney is a reorganization bankruptcy that allows a business to continue operating while it restructures its finances. In Chapter 11 bankruptcy, the debtor (the business) proposes a plan to its creditors, which may include a reduction in debt, payment plans, or other changes to the debtor’s financial obligations. The creditors then vote on whether to approve the plan. If the plan is approved, the debtor is then able to emerge from bankruptcy and continue operating. ![prosper texas chapter 7 13 attorney](https://www.veronicadeaver.com/wp-content/uploads/2022/11/chapter-7.jpg "Chapter7 | the Law Office of Veronica Deaver") Businesses can use Chapter 11 Bankruptcy to pay off debts while still being able to operate. A Chapter 11 bankruptcy is similar to a [**Chapter 13 Bankruptcy**](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/), and it repays debts but leaves your business assets and income intact. Veronica Deaver bankruptcy lawyers can help you decide if Chapter 11 bankruptcy might be an option for your company. ### **However, there are also some drawbacks to filing for Chapter 11 bankruptcy, including:** - **Cost.** Filing for Chapter 11 bankruptcy in McKinney can be expensive. The business will need to hire an attorney and pay filing fees. - **Time.** Chapter 11 bankruptcy can be a lengthy process. It can take several months or even years for the business to emerge from bankruptcy. - **Negative impact on credit rating**. Filing for Chapter 11 bankruptcy will have a negative impact on the business’s credit rating. This can make it more difficult for the business to get loans or lines of credit in the future. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/chapter13.jpg "Chapter13 | the Law Office of Veronica Deaver") ## Chapter 13 Bankruptcy Attorneys Near Me Filing for a Chapter 13 bankruptcy in McKinney is a type of bankruptcy that allows individuals to reorganize their debts and pay them off over time. In [Chapter 13 bankruptcy](https://www.veronicadeaver.com/bankruptcy-attorney-prosper-tx/), a debtor (the individual) proposes a plan to their creditors, which may include a reduction in debt, payment plans, or other changes to the debtor’s financial obligations. The creditors then vote on whether to approve the plan. If the plan is approved, the debtor is then able to emerge from bankruptcy and continue making payments on their debts. Chapter 13 bankruptcy is often used by individuals who are struggling financially but that have the potential to be able to repay their debts if they are given a chance to reorganize their finances. Chapter 13 bankruptcy can also be used by individuals who are in the process of being sued by their creditors. Chapter 13 is the best option to restructure your debts. It is possible to stop creditors from seizing your assets. [Chapter 13 Bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) is a better option if your payments are not up to date, such as on taxes, child support, or home mortgage payments. Chapter 13 bankruptcy is a better option if you can’t get [Chapter 7 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/). Veronica Deaver is located in [**McKinney, Texas,**](https://en.wikipedia.org/wiki/McKinney,_Texas) and she can help determine if Chapter 13 bankruptcy is the right option. ### **There are a number of benefits to filing for Chapter 13 bankruptcy, including:** - **Protection from creditors**. Once an individual files for Chapter 13 bankruptcy, their creditors are generally prohibited from taking any collection actions against the individual, such as suing the individual or seizing their assets. This can give the individual some breathing room to reorganize their finances. - **Ability to keep the property.** In Chapter 13 bankruptcy, McKinney, an individual may be able to keep property that would otherwise be subject to seizure by creditors. This can be important for individuals who have assets that they need, such as a home or a car. - **Ability to repay debt over time**. In Chapter 13 bankruptcy, an individual can repay their debt over a period of up to five years. This can make it easier for individuals to repay their debt and emerge from bankruptcy. If you are considering filing for Chapter 13 bankruptcy, it is important to weigh the pros and cons carefully. It is also important to talk to an attorney to learn more about the process and to get help making the best decision for your financial situation. **About McKinney** McKinney is a city in Collin County, Texas, United States. It is part of the Dallas–Fort Worth metroplex. The population was 219,233 at the 2020 census, making it the ninth-most populous city in the Dallas–Fort Worth metroplex and the 12th-most populous city in Texas. McKinney was founded in 1849 by Collin McKinney, a signer of the Texas Declaration of Independence. The city grew rapidly in the late 19th and early 20th centuries due to its location on the railroad and its proximity to Dallas. ## Below are some helpful articles that discuss Chapter 7 Bankruptcy: - [ Overview of Chapter 7 Bankruptcy ](https://www.veronicadeaver.com/overview-of-chapter-7-bankruptcy-mckinney/) - [ Exemption Pitfalls ](https://www.veronicadeaver.com/bankruptcy-exemptions-pitfalls-mckinney-prosper-tx/) - [ The Means Test ](https://www.veronicadeaver.com/mckinney-tx-chapter-7-means-test/) - [ Why Bankruptcy is better than Credit Counseling ](https://www.veronicadeaver.com/why-bankruptcy-is-better-than-credit-counseling) ## **Contact Us Today** We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [**Collin County Cities & Towns**](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/)**:** Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / [McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / [Prosper](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie ##### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ##### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [**Collin County Cities & Towns**](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/)**:** Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / [McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / [Prosper](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ### [Foreclosure of a House](https://www.veronicadeaver.com/protect-your-home-foreclosure/) **Published:** December 21, 2022 **Author:** Veronica Deaver **Content:** ![foreclosure 101 our law experts answer 5 common questions](https://www.veronicadeaver.com/wp-content/uploads/2022/06/iStock-177362152-1024x678.jpg "Foreclosure 101 Our Law Experts Answer 5 Common Questions | the Law Office of Veronica Deaver") ![bankruptcy lawyer mckinney tx](https://www.veronicadeaver.com/wp-content/uploads/2022/11/home4.jpg "Home4 | the Law Office of Veronica Deaver") ### Foreclosure of a House **HOME IS THE PLACE YOUR HEART IS, WHERE MEMORIES, FAMILY GATHERINGS, AND FRIENDS VISIT. YOUR HOME IS AN EMOTIONAL INVESTMENT.** Owning a home is your most valuable and significant asset. Losing it can be very devastating. Some mortgage lenders are slow to help with missed payments, while others can be stubborn. There are many ways to stop foreclosure. Contact our local bankruptcy law offices to see if your eligible to file. If you never filed one, a bankruptcy petition can stop foreclosure on your home. It also stops foreclosures on any other property you own. Once a bankruptcy case has begun, the lender is out of options. You can also restructure your debts and pay any outstanding amounts over up to five years. Bankruptcy can help you to restructure your debts so that you can afford your house. You may need more time in Texas if you take action after the foreclosure sale. Except for the ad valorem tax, foreclosures have no redemption right. Veronica brings more knowledge, experience, and passion to bankruptcy law than any bankruptcy attorney in North Texas. Our law practice has helped thousands of people across North Texas find their way out of what appeared to be crippling debt. ## Foreclosure Defense It can seem overwhelming to defend your home from foreclosure. However, there are ways you can resolve mortgage debt and prevent foreclosure. Veronica Deaver understands that your home is your most valuable asset, and we want it to remain that way. Our foreclosure attorneys have helped thousands of hardworking people like you get a loan modification or forbearance agreement. The Home Sweet Home program was designed to allow us to use every tool permitted by law to save your house from foreclosure. You must understand your rights when your house is put up for foreclosure, which will allow you to make informed decisions about your future. Although foreclosure defense can be complicated, we may be able to lower your interest rates or payment, eliminate delinquent fees, and even reduce your principal amount. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/about-21.jpg "About21 | the Law Office of Veronica Deaver") ![contact the law offices of veronica deaver today](https://www.veronicadeaver.com/wp-content/uploads/2022/11/contact-bottom.jpg "Contactbottom | the Law Office of Veronica Deaver") ## Contact Our McKinney, Texas Foreclosure Lawyers It can seem like your life is in peril when you face foreclosure. Veronica Deaver is committed to helping people deal with [financial problems](https://www.veronicadeaver.com/recession-what-you-need-to-do/) and providing professional legal advice to make their lives easier. Unexpected crises such as a loss of work, major medical emergency, divorce, or business failure can often lead to financial difficulties. Our Texas foreclosure attorneys are your best bet for a successful defense against foreclosure. While we create a plan to fit your needs, we can work with your mortgage lender to help you protect your home. There will be no need to make long phone calls to your lender or be stubborn in resolving your mortgage problems. ## Contact The Law Offices Of Veronica Deaver Today Veronica Deaver’s number one priority is to preserve your liberties and innocence, and she will pursue this goal with relentless effort and aplomb. Here at the Law Office of [Veronica Deaver](/about-us), the only acceptable outcome is success. Allow Veronica to provide you with the peace that comes with hiring the most knowledgeable, experienced, and successful bankruptcy attorney in all of North Texas. Give us a call at [(214) 282-5024](tel:2142825024) or email today to schedule your free consultation. ![contact the law offices of veronica deaver today](https://www.veronicadeaver.com/wp-content/uploads/2022/11/contact-bottom.jpg "Contactbottom | the Law Office of Veronica Deaver") AREAS OF PRACTICE: - Consumer Bankruptcy – Chapter 7 & 13 - Probate – Wills and Power of Attorney - School Law - Personal Injury BAR ADMISSIONS: - State Bar of Texas, 1998 - Federal Courts - U.S. District Court, Northern District of Texas - U.S. District Court, Eastern District of Texas EDUCATION: - Texas A&M School of Law (formerly Texas Wesleyan University), Fort Worth, Texas, 1997, J.D. - The University of Texas, Arlington, Texas, 1988 BOARD LICENSURE AND CERTIFICATIONS: - Supreme Court of Texas, 1998 - Mediation Certification, Texas Wesleyan, 1998 PROFESSIONAL ASSOCIATIONS: - State Bar of Texas, 1998 – Present - Phi Delta Phi – Elliott Inn, International Legal Society, 1997 – Present - Academy for Collegiate Excellence, 2006-2007 ##### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ##### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [**Collin County Cities & Towns**](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/)**:** Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / [McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / [Prosper](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ### [FAQ](https://www.veronicadeaver.com/faqs-get-answers-to-your-legal-bankruptcy-questions/) **Published:** July 3, 2022 **Author:** Veronica Deaver **Content:** ## 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? A bankruptcy discharge pardons the debtor of liability for the debt. After the debt is discharged, the debtor has no legal obligation to pay the debt. Although the debtor is released from being personally liable for the debt, creditors may still enforce valid liens. How many chapters of bankruptcy exist? Six different chapters of bankruptcy exist. These Chapters are 7, 9, 11, 12, 13 and 15. Generally bankruptcy lawyers focus on no more than two or three chapters because the remaining chapters are reserved for unique and rarely occurring circumstances. What is automatic stay? By filing a petition for bankruptcy, the debtor is granted an automatic stay which stops most creditors’ collection actions. This can include wage garnishments, lawsuits and even phone calls regarding the debt. ## 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? When claiming Chapter 13 bankruptcy, the debtor must file a repayment plan with the petition or within 14 days of filing the petition. This plan must be approved by the bankruptcy court during a confirmation hearing. The plan itself must outline how regular payments will be made, usually in biweekly or monthly intervals. Completing an approved plan will release the debtor from remaining debt liabilities. How does discharge work when it comes to Chapter 13 bankruptcy? A debtor filed under Chapter 13 is entitled to a discharge upon completion of the plan. A hardship discharge may be granted if circumstances appear which may prevent the debtor from completing the plan after confirmation of the plan has occurred. What are the differences between Chapter 7 and Chapter 13 bankruptcy? Chapter 13 is different from Chapter 7. Those individuals who file for Chapter 13 have very different issues than those filing for Chapter 7. Am I eligible for Chapter 13 bankruptcy? Any individual is eligible for relief under Chapter 13 assuming their unsecured and secured debts are less than the amounts set by the bankruptcy courts. These amounts are regularly adjusted to reflect changes in the consumer price index. ## 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? Chapter 7 bankruptcy is the liquidation of the debtor’s non-exempt assets to pay creditors. The debtor’s non-exempt assets will be sold and the proceeds distributed to creditors. However, most people only have “exempt assets” and keep their property in a Chapter 7 case. Why is it important to seek alternatives to Chapter 7? It is important to research benefits to claiming Chapter 7 bankruptcy because the debtor risks having all non-exempt assets being liquidated. With the proper legal advice, you may find a financial fresh start is possible without losing property to liquidation. What is a means test? When filing for Chapter 7 bankruptcy, the debtor must complete a means test. This test is designed to assess the debtor’s ability to repay the debt in question by analyzing their current income and debts. What is the role of a trustee in Chapter 7 bankruptcy? The trustee appointed in a Chapter 7 bankruptcy case is responsible for analyzing and investigating the debtor’s assets to determine if the debtor has any non-exempt assets that pay can be sold to pay creditors. Are you likely to receive a discharge when claiming Chapter 7? The vast majority of individual debtors who file for Chapter 7 bankruptcy are granted a discharge. Few reasons exist for denying a discharge in a Chapter 7 case. Reasons for denial include, not keeping accurate or adequate financial records and failing to obey bankruptcy laws. *The [FAQs](https://www.veronicadeaver.com/bankruptcy-frequently-asked-questions-in-texas/) 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.* ##### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ##### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ### [Bankruptcy Attorney Propser TX](https://www.veronicadeaver.com/bankruptcy-attorney-prosper-tx/) **Published:** April 17, 2024 **Author:** Veronica Deaver **Content:** ![prosper texas chapter 7 13 attorney](https://www.veronicadeaver.com/wp-content/uploads/2022/11/chapter-7.jpg "Chapter7 | the Law Office of Veronica Deaver") ### Veronica Deaver: Your Trusted Bankruptcy Attorney in Prosper TX The Law Offices of [Veronica Deaver](https://www.veronicadeaver.com/) offers Bankruptcy Services in Prosper, The Colony, Little Elm and Frisco.. When deciding to file bankruptcy, it helps to have a thorough understanding of the process. Our McKinney Based law firm helps clients file for [Chapter 7 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) and with creditor harassment and IRS garnishment. Struggling with overwhelming debt in Prosper, The Colony, Little Elm, or Frisco? The Law Offices of Veronica Deaver can help. We specialize in guiding clients through the bankruptcy process and protecting their assets. [ Contact (214)-282-5024 ](tel:2142825024) ### Experienced Representation: **• Chapter 7 Bankruptcy:** Our McKinney-based law firm expertly assists clients filing for Chapter 7 bankruptcy, offering a path to debt relief. **• Debt Defense Strategies:** We tackle issues like creditor harassment and IRS garnishment, helping you regain financial control. **• Top-Rated Frisco Attorney:** Veronica Deaver is a recognized bankruptcy attorney in Frisco, TX, with over 10 years of experience fighting for her clients’ best interests. ### Protecting Your Future: Veronica Deaver understands the emotional and financial toll of debt. We offer: **• Free Consultations:** Discuss your situation with Ms. Deaver and explore your bankruptcy options at no cost. **• Personalized Approach:** We take the time to understand your unique circumstances and tailor a solution to meet your specific needs. **• Tenacious Advocacy:** Don’t face complex cases alone. We are relentless advocates, fighting for the best possible outcome in your bankruptcy proceedings. ### Take Control of Your Finances: Bankruptcy can be a powerful tool for financial recovery. Our compassionate and knowledgeable team will guide you through every step of the process: **• Understanding Your Options:** We’ll clearly explain your bankruptcy possibilities and help you make informed decisions. **• Alleviating Stress:** We handle the legal complexities, allowing you to focus on rebuilding your financial security. **• Empowerment for a Brighter Future:** We are dedicated to helping you emerge from this challenge with a fresh start. **We proudly serve clients in Prosper, The Colony, Little Elm, and Frisco, TX.** [ Contact (214)-282-5024 ](tel:2142825024) ### Drowning in Debt? Find Relief and Rebuild Your Wellbeing with Frisco Bankruptcy Attorney Are you drowning in debt and feeling the emotional weight dragging you down? While scary, filing for bankruptcy can be a powerful tool for improving your mental health and overall well-being. **However, consulting with a qualified Prosper Texas ,[Frisco bankruptcy](https://www.veronicadeaver.com/bankruptcy-lawyer-frisco-tx/) attorney is crucial before making any decisions.** **The Burden of Debt and Your Mental Health:** Unmanageable debt can be a significant source of stress, anxiety, and even depression. It disrupts sleep, hinders focus, and can even manifest in physical health problems. Filing for bankruptcy in Prosper offers a path to escape this cycle, freeing your mind from the constant worry about money. **Beyond Debt Relief: The Mental Health Benefits of Bankruptcy:** **• Reduced Stress and Anxiety:** Eliminating or restructuring your debt lightens the overwhelming burden, allowing you to breathe easier and regain peace of mind. **• Improved Self-Esteem:** Debt can make you feel like a failure. Bankruptcy empowers you to take control of your finances and rebuild self-worth. **• Increased Sense of Control:** Filing bankruptcy puts you back in the driver’s seat of your financial future, fostering a sense of empowerment and hope. **• Enhanced Financial Freedom:** Debt relief in Prosper frees up resources, allowing you to focus on essential needs, improve your quality of life, and plan for the future. **• Improved Sleep and Focus:** Without the weight of debt on your shoulders, you’ll likely experience better sleep and improved concentration at work or school. **• Potential for Improved Physical Health:** The stress reduction associated with debt relief can positively impact your overall physical well-being. **Remember, Bankruptcy Isn’t a Magic Bullet:** While bankruptcy offers significant mental health benefits, it’s not a risk-free solution. There may be temporary impacts on your credit score. **Consulting with an experienced** Prosper **bankruptcy attorney is essential**. They can: **• Explain your options:** Chapter 7 or Chapter 13 in Prosper? They’ll guide you toward the most suitable path for your specific situation. **• Navigate the legal complexities:** Bankruptcy law can be intricate. Your attorney will ensure a smooth and compliant process. **• Help you make informed decisions:** Weighing the pros and cons of bankruptcy requires careful consideration. Your attorney will be your trusted advisor throughout the process. **We proudly serve clients in Prosper, The Colony, Little Elm, and Frisco, TX.** [ Contact (214)-282-5024 ](tel:2142825024) ### Empower Yourself for a Brighter Future: Don’t let debt control your life and mental health any longer. Contact a reputable Frisco bankruptcy attorney today. Schedule a free consultation to discuss your options and take the first step towards financial freedom and a brighter future. ### Struggling with Debt in Prosper, TX? Chapter 7 Bankruptcy Relief Nearby ![file for bankruptcy proper frisco tx](https://www.veronicadeaver.com/wp-content/uploads/2024/04/file-for-bankruptcy-proper-frisco-tx.jpg "File for Bankruptcy Proper Frisco Tx | the Law Office of Veronica Deaver") Financial burdens can feel overwhelming, but you don’t have to go through it alone. Chapter 7 bankruptcy can be a powerful tool for eliminating debt and achieving a fresh financial start. **Our Prosper area network connects you with experienced Chapter 7 bankruptcy attorneys ready to help.** **What is Chapter 7 Bankruptcy?** Chapter 7 bankruptcy allows you to discharge most unsecured debts, such as credit card debt, medical bills, and personal loans. A court-appointed trustee collects and sells non-exempt assets to pay back creditors. Any remaining eligible debts are then eliminated, providing significant financial relief. **Benefits of Chapter 7 Bankruptcy:** **• Debt Elimination:** Escape the burden of overwhelming debt and free up income for essential expenses and rebuilding your financial future. **• Fresh Start:** Chapter 7 offers a clean slate, allowing you to move forward without creditor harassment. **• Improved Credit Score:** While filing for bankruptcy impacts your credit score in the short term, responsible credit management practices can help you rebuild creditworthiness over time. Things to Consider: **• Non-Dischargeable Debts:** Chapter 7 doesn’t eliminate certain debts like child support, alimony, student loans, and most taxes. **• Impact on Credit Score:** Filing for bankruptcy will be reflected on your credit report for several years. **Free Consultation with a Prosper Chapter 7 Bankruptcy Attorney:** **Contact us today to connect with a qualified Chapter 7 bankruptcy attorney near you in Prosper.** During a free consultation, you can discuss your specific situation, explore your options, and determine if Chapter 7 is the right path for your financial recovery. **We understand the challenges of debt and are committed to helping you find a solution. Take control of your finances and start fresh. Contact us today!** **We proudly serve clients in Prosper, The Colony, Little Elm, and Frisco, TX.** [ Contact (214)-282-5024 ](tel:2142825024) ### Need Help Filing for Chapter 13 Bankruptcy? Find an Attorney Near You ![veronica deaver bankruptcy attorney prosper tx](https://www.veronicadeaver.com/wp-content/uploads/2024/04/veronica-deaver-bankruptcy-attorney-prosper-tx-300x237.jpg "Veronica Deaver Bankruptcy Attorney Prosper Tx | the Law Office of Veronica Deaver") **Chapter 13 Bankruptcy: A Way to Reorganize Your Debts and Get a Fresh Start** Need help filing for [Chapter 13 bankruptcy](https://www.veronicadeaver.com/overview-of-ch-13-bankruptcy/)? Find an attorney near you today. We can help you understand your options and make the best decision for your financial future. [Chapter 13 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) is a type of bankruptcy that allows individuals to reorganize their debts and pay them off over time. This can be a helpful option for people who are struggling to make their monthly payments and are at risk of losing their home or car. In Chapter 13 bankruptcy, the debtor (the individual) proposes a plan to their creditors, which may include a reduction in debt, payment plans, or other changes to the debtor’s financial obligations. The creditors then vote on whether to approve the plan. If the plan is approved, the debtor is then able to emerge from bankruptcy and continue making payments on their debts. Chapter 13 bankruptcy can be a good option for people who are struggling with debt and want to get a fresh start. However, it is important to note that Chapter 13 bankruptcy can have a negative impact on your credit score. It is also important to talk to an experienced bankruptcy attorney before filing for Chapter 13 bankruptcy to make sure that it is the right option for you. **Here are some of the benefits of Chapter 13 bankruptcy:** • You can keep your property, such as your home or car. • You can reduce your debt by up to 50%. • You can get a fresh start and rebuild your credit. **Here are some of the drawbacks of Chapter 13 bankruptcy:** • You will have to make monthly payments to your creditors for a period of time, typically three to five years. • Your credit score will be negatively affected. • You may have to pay filing fees and other costs associated with bankruptcy. ### Get a Fresh Start with the Help of an Experienced Frisco Attorney today! If you are considering filing for Chapter 13 bankruptcy, it is important to talk to an experienced bankruptcy attorney to learn more about the process and to get help making the best decision for your financial situation. [Contact Veronica Deaver today](https://www.veronicadeaver.com/contact-us/) to schedule a free consultation and learn more about how Chapter 13 bankruptcy can help you get a fresh start. ## **Contact Us Today** Get Back on Track Financially with Our Help [ (214) 282-5024 ](tel:2142825024) [**Collin County Cities & Towns**](about:blank)**:** Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / Frisco / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / Frisco / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie [**Collin County Cities & Towns**](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/)**:** Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / [McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / [Prosper](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie --- ### [Bankruptcy for Businesses](https://www.veronicadeaver.com/bankruptcy-lawyer-for-chapter-11-mckinney/) **Published:** December 21, 2022 **Author:** Veronica Deaver **Content:** ![am i eligible for chapter 13 bankruptcy](https://www.veronicadeaver.com/wp-content/uploads/2022/06/bank5.jpg "Bank5 | the Law Office of Veronica Deaver") ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/home-left-1.png "Homeleft | the Law Office of Veronica Deaver") ### Bankruptcy for Businesses There are two types: [Chapter 11 Bankruptcy](https://www.veronicadeaver.com/business-chapter-11-bankruptcy-mckinney-tx/) and Chapter 7. A [Chapter 7 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) for a business is called a liquidation bankruptcy, and [Chapter 7 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) is used to resolve debts that are not in the business’s best interests. A [Chapter 11 Bankruptcy](https://www.veronicadeaver.com/business-chapter-11-bankruptcy-mckinney-tx/) is a reorganization bankruptcy, and [Chapter 11 Bankruptcy](https://www.veronicadeaver.com/business-chapter-11-bankruptcy-mckinney-tx/) is a plan to pay off debts that prevent companies from operating as usual. [Chapter 11 Bankruptcy](https://www.veronicadeaver.com/business-chapter-11-bankruptcy-mckinney-tx/) allows businesses to continue operating. This is the most critical aspect. The company can continue to earn money and pay its debts over time. Debt collection will cease as long as the payment plan remains in place. A business can enjoy many benefits from [Chapter 11 Bankruptcy](https://www.veronicadeaver.com/business-chapter-11-bankruptcy-mckinney-tx/). This saves jobs by keeping the company open and protects many company assets. Chapter 11 allows the business to continue operating until it achieves financial stability. [Chapter 11 Bankruptcy](https://www.veronicadeaver.com/business-chapter-11-bankruptcy-mckinney-tx/)might be an option for your [McKinney, TX ](https://en.wikipedia.org/wiki/McKinney,_Texas)business if you look at McKinney, TX debt relief options. ## Chapter 11 Bankruptcy for Businesses [Chapter 11 Bankruptcy](https://www.veronicadeaver.com/business-chapter-11-bankruptcy-mckinney-tx/) is the most complex type of bankruptcy. This type of bankruptcy requires the expertise of a [McKinney, TX,](https://en.wikipedia.org/wiki/McKinney,_Texas) bankruptcy lawyer. While a person can represent themselves in a bankruptcy case, a business bankruptcy requires that a legal entity be represented in court. A skilled attorney can make the difference between a successful repayment of debt and a business going under. Advice on how to file documents, creditors, repossession, foreclosure, and the repayment plan is essential. Contact a [McKinney, TX,](https://en.wikipedia.org/wiki/McKinney,_Texas) bankruptcy lawyer for more information about Chapter 11. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/about-21.jpg "About21 | the Law Office of Veronica Deaver") ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/about-31.jpg "About31 | the Law Office of Veronica Deaver") ## Individual Chapter 11 Bankruptcy For those filing for [Chapter 13 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/), there are specific debt limits. [Chapter 13 bankruptcy ](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/)is only available to some. However, anyone who qualifies may be able to resolve their debts through Chapter 11. Individuals can use Chapter 11 to settle their debts and get back on track financially. Chapter 11 allows for the restructuring of cases. The amount can be much more significant in a Chapter 11 case. Chapter 11 allows all creditors to vote on a reorganization plan. A [McKinney, TX,](https://en.wikipedia.org/wiki/McKinney,_Texas) bankruptcy lawyer can help you discuss Chapter 11 bankruptcy if your debts exceed [Chapter 13 bankruptcy’s](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) debt limit. Chapter 11 bankruptcy can provide you with the protection you need. However, you will need solid legal assistance during the Chapter 11 process. ## What can a Chapter 11 bankruptcy do? A Chapter 11 bankruptcy is similar to a [Chapter 13 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/), allowing businesses to restructure debts, and the company retains control of the assets and operations. Texas Chapter 11 bankruptcy allows businesses to stop collection efforts and create a repayment plan. Chapter 11 bankruptcy is a way to reduce your debt and protect your company’s assets. Many companies have managed to remain in business while paying off their debts. Why not you? It doesn’t mean you must give up on your business venture because of difficult times. You might be looking for the solution you need in Chapter 11 bankruptcy. Each business is unique, and each Chapter 11 filing will be different. Your company’s cash flow and debts will determine the basis for your Chapter 11 plan. Chapter 11 bankruptcy can stop interest and penalty fees, put you back in the good graces with your vendors, and keep the doors open. ![contact the law offices of veronica deaver today](https://www.veronicadeaver.com/wp-content/uploads/2022/06/new-2.jpg "New2 | the Law Office of Veronica Deaver") ![contact the law offices of veronica deaver today](https://www.veronicadeaver.com/wp-content/uploads/2022/11/contact-bottom.jpg "Contactbottom | the Law Office of Veronica Deaver") ## Contact Our Texas Chapter 11 Bankruptcy Lawyers [Veronica Deaver](/about-us) is a group of experienced bankruptcy lawyers skilled in business and consumer bankruptcy. We have successfully managed hundreds upon hundreds of cases involving business bankruptcy, which will allow us to help you navigate the Chapter 11 process. ##### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ##### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [**Collin County Cities & Towns**](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/)**:** Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / [McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / [Prosper](https://www.veronicadeaver.com/bankruptcy-attorney-prosper-tx/) / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ### [Bankruptcy Lawyer Prosper, TX: Get Back on Your Feet](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) **Published:** June 21, 2023 **Author:** Veronica Deaver **Content:** ![prosper texas chapter 7 13 attorney](https://www.veronicadeaver.com/wp-content/uploads/2022/11/chapter-7.jpg "Chapter7 | the Law Office of Veronica Deaver") ### Protect Your Assets: Contact Veronica Deaver Bankruptcy Lawyer Prosper, TX Today Are you considering bankruptcy? [Contact Veronica Deaver](https://www.google.com/maps/place/The+Law+Office+of+Veronica+Deaver/@33.2128821,-96.6341747,17z/data=!4m6!3m5!1s0x864c13b1670ae54b:0xdb570471560275ee!8m2!3d33.2128821!4d-96.631986!16s%2Fg%2F11q8w87sfq?entry=ttu) Bankruptcy Lawyer Prosper, TX today for a free consultation. We can help you understand your options and make the best decision for your financial future. Are you struggling with debt? Are you looking for a free bankruptcy consultation near you? Our Prosper bankruptcy lawyer can help. We offer free consultations and can help you file for bankruptcy under Chapter 7, Chapter 11, or Chapter 13. We will work with you to protect your assets and get you back on your feet financially. We understand that bankruptcy can be a daunting process, but we are here to help you every step of the way. We will answer all of your questions and explain your options in detail. We will also fight for your rights and make sure that you get the best possible outcome. If you are ready to take control of your financial future, call us today to schedule a free consultation. We don’t shy away from complex bankruptcy cases or cases that require us to fight. We are here to help you get the best possible outcome. [ Contact (214)-282-5024 ](tel:2142825024) ### **Bankruptcy and Mental Health: How Filing for Bankruptcy Can Help You Feel Better** Bankruptcy can have a negative impact on your finances, but it can also have a positive impact on your mental health. Learn how filing for bankruptcy can help you overcome debt, stress, and anxiety. Filing for bankruptcy is not a magic bullet. It won’t solve all of your problems, and it may even have some negative consequences, such as a negative impact on your credit score. However, filing for bankruptcy can be a helpful tool for people who are struggling with debt and who are experiencing negative mental health consequences as a result. If you’re considering filing for bankruptcy, it’s important to talk to an experienced bankruptcy attorney to learn more about the process and to get help making the best decision for your financial and mental health. ### **Free Bankruptcy Consultation in Prosper: Talk to an Experienced Bankruptcy Attorney Today** **Need help filing for bankruptcy?** Get a free consultation in Prosper today. We can help you understand the process and make sure that you file correctly. **Which Bankruptcy Lawyer is Right for You?** There are many factors to consider when choosing a bankruptcy lawyer, such as your income, expenses, long-term goals, and the type of bankruptcy you need. For example, if you want to keep your house or car, Chapter 7 bankruptcy may not be the best option for you. Veronica Deaver is a board-certified bankruptcy attorney in Prosper, Texas. She can help you choose the right bankruptcy option for your specific situation. She also offers other debt-relief options, such as forbearance agreements and loan modifications. If you are facing a credit card lawsuit, Veronica can defend you in state court. She can also negotiate with credit card companies on your behalf. **Don’t Wait to Get Help** If you are struggling with debt, don’t wait to get help. Contact Veronica Deaver today to schedule a free consultation. She will be happy to answer your questions and explain your options. Here are some of the factors to consider when choosing a bankruptcy lawyer: - **Experience:** Make sure the lawyer has experience in the type of bankruptcy you need. - **Cost:** Get quotes from several lawyers before making a decision. - **Communication:** Make sure the lawyer is easy to communicate with and responsive to your questions. - **Trustworthiness:** You should feel comfortable with the lawyer and trust that they will represent your best interests. ### **![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/chapter-7-1.jpg "Chapter71 | the Law Office of Veronica Deaver")Chapter 7 Bankruptcy Attorneys Near Me: Get Help Getting Out of Debt** **Chapter 7 Bankruptcy: A Fresh Start** Need help filing for Chapter 7 bankruptcy? Find an attorney near you today. We can help you understand your options and make the best decision for your financial future. Chapter 7 bankruptcy is a way to eliminate your debts quickly and get a fresh start financially. In Chapter 7 bankruptcy, a trustee is appointed to sell your non-exempt assets and use the proceeds to pay your creditors. After your assets have been sold, any remaining debts are discharged, which means you are no longer legally obligated to pay them. There are some debts that cannot be discharged in Chapter 7 bankruptcy, such as child support, alimony, student loans, and taxes. However, most other types of debt, including credit card debt, medical debt, and personal loans, can be discharged. **Filing for Chapter 7 bankruptcy can have a number of benefits, including:** - Getting rid of debt: If you are struggling with debt, Chapter 7 bankruptcy can help you get rid of most of it. This can free up your income and allow you to start rebuilding your financial life. - A fresh start: Chapter 7 bankruptcy can give you a fresh start financially. After your debts are discharged, you will not be hounded by creditors anymore. - Improved credit score: Over time, your credit score will improve after filing for Chapter 7 bankruptcy. This will make it easier for you to get loans, rent an apartment, or get a job. If you are considering filing for Chapter 7 bankruptcy, it is important to weigh the pros and cons carefully. It is also important to talk to a bankruptcy attorney to learn more about the process and to get help making the best decision for your financial situation. Contact Veronica Deaver today to schedule a free consultation and learn more about how Chapter 7 bankruptcy can help you get a fresh start. ### ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/chapter13.jpg "Chapter13 | the Law Office of Veronica Deaver")Need Help Filing for Chapter 13 Bankruptcy? Find an Attorney Near You **Chapter 13 Bankruptcy: A Way to Reorganize Your Debts and Get a Fresh Start** Need help filing for Chapter 13 bankruptcy? Find an attorney near you today. We can help you understand your options and make the best decision for your financial future. Chapter 13 bankruptcy is a type of bankruptcy that allows individuals to reorganize their debts and pay them off over time. This can be a helpful option for people who are struggling to make their monthly payments and are at risk of losing their home or car. In Chapter 13 bankruptcy, the debtor (the individual) proposes a plan to their creditors, which may include a reduction in debt, payment plans, or other changes to the debtor’s financial obligations. The creditors then vote on whether to approve the plan. If the plan is approved, the debtor is then able to emerge from bankruptcy and continue making payments on their debts. Chapter 13 bankruptcy can be a good option for people who are struggling with debt and want to get a fresh start. However, it is important to note that Chapter 13 bankruptcy can have a negative impact on your credit score. It is also important to talk to an experienced bankruptcy attorney before filing for Chapter 13 bankruptcy to make sure that it is the right option for you. **Here are some of the benefits of Chapter 13 bankruptcy:** - You can keep your property, such as your home or car. - You can reduce your debt by up to 50%. - You can get a fresh start and rebuild your credit. **Here are some of the drawbacks of Chapter 13 bankruptcy:** - You will have to make monthly payments to your creditors for a period of time, typically three to five years. - Your credit score will be negatively affected. - You may have to pay filing fees and other costs associated with bankruptcy. ### History of Proper Tx The area that would later become Prosper, Texas, was first settled back in 1846. It began as two separate communities, which were called Rock Hill and Richland. The soil there was rich, and land was cheap — farmers grew and sold cotton, corn, and other crops. here are the zip codes in Prosper, Texas: 75078, 75079, 75080, 75087, 75088 In 1902, the two communities merged to form Prosper, which was named after the prosperous living conditions the area provided. The town grew slowly at first, but it began to grow rapidly in the 1970s and 1980s. This was due in part to the construction of the Dallas North Tollway, which made Prosper more accessible to people living in Dallas and other major cities in the area. Today, Prosper is a thriving suburb of Dallas. It is home to a number of businesses and industries, and it is a popular place to live for families. The town has a strong sense of community, and it is known for its excellent schools. Here are some of the key events in the history of Prosper, Texas: ### **Get a Fresh Start with the Help of an Experienced Attorney** If you are considering filing for Chapter 13 bankruptcy, it is important to talk to an experienced bankruptcy attorney to learn more about the process and to get help making the best decision for your financial situation. [Contact Veronica Deaver today](https://www.veronicadeaver.com/file-for-bankruptcy-in-collin-county-tx/) to schedule a free consultation and learn more about how Chapter 13 bankruptcy can help you get a fresh start. ## **Contact Us Today** Get Back on Track Financially with Our Help [ (214) 282-5024 ](tel:2142825024) [**Collin County Cities & Towns**](about:blank)**:** Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / Frisco / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / Frisco / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie [**Collin County Cities & Towns**](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/)**:** Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / [McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / [Prosper](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie --- ### [Allen TX Bankruptcy Lawyer](https://www.veronicadeaver.com/allen-tx-bankruptcy-lawyer/) **Published:** March 7, 2024 **Author:** Veronica Deaver **Content:** ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/home-left-1.png "Homeleft | the Law Office of Veronica Deaver") ### Allen Texas Bankruptcy Lawyer: Veronica Deaver Allen Bankruptcy Lawyer – Bankruptcy & Foreclosures Drowning in debt? Veronica Deaver is a certified Allan TX Bankruptcy Lawyer in zip code 75002 and can help you file for **[bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy-collin-county-tx/)** in Anna, Texas: 75409 as well as Princeton, Texas: 75407. Call (214) 282-5024 today for Bankruptcy Solutions with your case in zip code 75002. Look no further than the Law Office of Veronica Deaver. With over 20 years of experience, our dedicated Allen TX bankruptcy lawyer and foreclosure attorney can guide you through financial challenges. Whether you’re searching for the best Allen TX bankruptcy lawyer near me, a foreclosure defense attorney in Allen, a debt resolution lawyer, or an asset protection lawyer in Collin County Texas, or an IRS wage garnishment lawyer near you. Veronica Deaver has Got Your Back! CALL TODAY Service options: Online appointments · Onsite services. Address: 1575 Heritage Dr Ste 107, McKinney, TX 75069 Open ⋅ Closes 6 PM Phone: [(214) 282-5024](https://www.google.com/search?hl=en-US&gl=us&q=The+Law+Office+of+Veronica+Deaver,+1575+Heritage+Dr+Ste+107,+McKinney,+TX+75069&ludocid=15805106302100862446&lsig=AB86z5WoPkTX1d5U5A2-pcfePecH&hl=en&gl=US) ## Why Choose Attorney Veronica Deaver in Allen TX? Choosing Attorney Veronica Deaver in Allen TX means choosing expertise in consumer bankruptcy. With a proven track record of providing dependable advice and effective solutions, our team is here to help protect your assets and secure your financial future. **[Contact us today](https://www.veronicadeaver.com/contact-us/)** for a beacon of hope in your time of need. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/about-21.jpg "About21 | the Law Office of Veronica Deaver") ![financial challenges](https://www.veronicadeaver.com/wp-content/uploads/2024/03/pexels-dziana-hasanbekava-7063765-1-scaled.jpg "Pexelsdzianahasanbekava7063765 1 | the Law Office of Veronica Deaver") ## Facing Financial Challenges? Attorney Veronica Deaver in Allen, TX Can Help At Attorney Veronica Deaver, we understand that financial difficulties can be overwhelming and unique to each individual. That’s why we offer comprehensive legal solutions tailored to your specific needs: **• Bankruptcy Solutions:** Our experienced Allen bankruptcy attorneys are skilled in navigating [Chapter 7](https://www.veronicadeaver.com/practise_area/chapter-7-bankruptcy/) and [Chapter 13 bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/). We’ll work with you to explore your options, determine the most suitable path to relieve debt burdens and regain control of your financial life. **• Foreclosure Defense:** Facing foreclosure can be stressful. Our foreclosure attorneys are well-versed in Texas and Federal laws and committed to helping you keep your home. We’ll explore alternative options and fight to safeguard your interests. **• Debt Resolution:** Struggling with debt obligations? Our legal team can advocate on your behalf to resolve debt disputes and protect your financial rights, whether it’s business, credit card, IRS, medical, or student loan debt. **• Asset Protection:** We understand the importance of safeguarding your assets during challenging times. Attorney Veronica Deaver can help you protect what matters most while seeking debt relief. **• IRS Wage Garnishment Relief:** If the IRS is garnishing your wages, we can help stop the garnishment and work towards a solution that eases your financial burden. ## Achieve Financial Freedom: Top-Rated Bankruptcy & Foreclosure Attorney in Allen, TX **Struggling with debt? Facing foreclosure?** At [The Law Office of Veronica Deaver](https://www.google.com/search?hl=en-US&gl=us&q=The+Law+Office+of+Veronica+Deaver,+1575+Heritage+Dr+Ste+107,+McKinney,+TX+75069&ludocid=15805106302100862446&lsig=AB86z5WoPkTX1d5U5A2-pcfePecH&hl=en&gl=US#lrd=0x864c13b1670ae54b:0xdb570471560275ee,1,,,,), we believe everyone deserves a chance to regain financial control. Our experienced Allen bankruptcy and foreclosure attorneys are dedicated to guiding you towards financial freedom. **Free Consultation: Take the First Step** Your journey begins with a no-obligation consultation. During this meeting, we will: **• Review your unique financial situation:** We understand every situation is different and require personalized attention. **• Explore available options:** We will explain relevant legal options, including Chapter 7 and Chapter 13 [bankruptcy](https://www.veronicadeaver.com/bankruptcy-lawyer-for-chapter-11-mckinney/), debt resolution, and foreclosure defense. **• Answer your questions:** We are committed to clear communication and ensuring you understand your options every step of the way. **Experienced Representation:** Our team of dedicated attorneys can help you: **• Contest debt obligations:** We’ll fight to ensure the validity of your debts and protect your rights. **• File for Chapter 13 or Chapter 7 bankruptcy:** Depending on your situation, we’ll guide you through the appropriate path to debt relief. **• Navigate foreclosure proceedings:** We will fight to defend your home and explore all possible solutions. ![top rated bankruptcy](https://www.veronicadeaver.com/wp-content/uploads/2024/03/pexels-nicola-barts-7927389-1-scaled.jpg "Pexelsnicolabarts7927389 1 | the Law Office of Veronica Deaver") ![](https://www.veronicadeaver.com/wp-content/uploads/2024/03/pexels-sora-shimazaki-5668837-1-scaled.jpg "Pexelssorashimazaki5668837 1 | the Law Office of Veronica Deaver") ![](https://www.veronicadeaver.com/wp-content/uploads/2024/03/pexels-mikhail-nilov-8297478-1-1024x683.jpg "Pexelsmikhailnilov8297478 1 | the Law Office of Veronica Deaver") ## What paperwork will my Chapter 13 Bankruptcy Attorney in Texas need to have before filing? While we cannot provide specific legal advice, here’s a general overview of the documents your Chapter 13 bankruptcy attorney in Allen Texas might need before filing: **Financial Documents:** **• Proof of income:** Pay stubs, W-2 forms, tax returns for the past few years. **• Bank statements:** Most recent statements from all bank accounts. **• Bills and statements:** Latest bills from all creditors, including credit cards, mortgages, car loans, etc. **• Tax documents:** Most recent tax return and any related documents. **• Proof of ownership:** Deeds, titles, or registration documents for your car, house, and other valuable assets. **Other Important Documents:** **• Credit counseling certificate:** Proof of completion of a credit counseling course, which is mandatory before filing for Chapter 13 bankruptcy. **• Lease agreements:** Copies of any lease agreements for your car or other rented property. **• Divorce decree or separation agreement:** If applicable, a copy of your divorce decree or separation agreement. **• Government benefits documentation:** Documents related to any government benefits you receive, such as Social Security or disability payments. **Additionally, your attorney may request:** **• Financial statements:** If you are self-employed, you may need to provide financial statements for your business. **• Retirement account statements:** Information about your retirement accounts, such as 401(k)s or IRAs. **• Lawsuit documents:** Copies of any legal documents related to lawsuits or judgments against you. It’s crucial to remember that this is not an exhaustive list, and the specific documents your attorney will need may vary depending on your individual circumstances. It’s always best to consult directly with your Allen TX Chapter 13 bankruptcy attorney in Texas to understand exactly what documentation they require for your case. ## About Allen Tx Allen, Texas is a vibrant and growing city located in the northern suburbs of Dallas. It is known for its family-friendly atmosphere, strong schools, and abundance of parks and green spaces. ![eagle stadium allen texas](https://www.veronicadeaver.com/wp-content/uploads/2024/03/eagle-stadium-allen-texas.jpg "Eagle Stadium Allen Texas | the Law Office of Veronica Deaver")### Eagle Stadium Home to the Allen Eagles high school football team, which has won six state championships. ![allen event center allen texas](https://www.veronicadeaver.com/wp-content/uploads/2024/03/allen-event-center-allen-texas.jpg "Allen Event Center Allen Texas | the Law Office of Veronica Deaver")### Allen Event Center A multi-purpose facility that hosts concerts, sporting events, and other community events. ![](https://www.veronicadeaver.com/wp-content/uploads/2024/03/watters-creek-at-montgomery-farm-allen-texas.jpg "Watters Creek at Montgomery Farm Allen Texas | the Law Office of Veronica Deaver")### Watters Creek at Montgomery Farm A popular outdoor shopping and dining destination with a variety of shops, restaurants, and a movie theater. ![allen isd performing arts center allen texas](https://www.veronicadeaver.com/wp-content/uploads/2024/03/allen-isd-performing-arts-center-allen-texas.jpg "Allen Isd Performing Arts Center Allen Texas | the Law Office of Veronica Deaver")### Allen ISD Performing Arts Center A state-of-the-art facility that hosts a variety of performances throughout the year. ![celebration park](https://www.veronicadeaver.com/wp-content/uploads/2024/03/celebration-park.png "Celebration Park | the Law Office of Veronica Deaver")### Celebration Park A 104-acre park with sports fields, playgrounds, hike and bike trails, and a splash pad. Allen is also home to a number of Fortune 500 companies, making it a major center for business and employment in the Dallas-Fort Worth metroplex. The city is also home to a diverse population, with a growing number of residents from all over the world. If you are considering moving to Allen, Texas, there are many reasons why it would be a great place to call home. The city offers a high quality of life, with plenty of amenities and activities to enjoy. ## Contact Us Today Don’t face financial challenges alone. Schedule your free consultation today by calling [(214) 282-5024](https://www.google.com/search?hl=en-US&gl=us&q=The+Law+Office+of+Veronica+Deaver,+1575+Heritage+Dr+Ste+107,+McKinney,+TX+75069&ludocid=15805106302100862446&lsig=AB86z5WoPkTX1d5U5A2-pcfePecH&hl=en&gl=US). Let Attorney Veronica Deaver be your partner on the path to financial stability. ##### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ##### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [**Collin County Cities & Towns**](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/)**:** Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / [McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / [Prosper](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ### [Privacy Policy](https://www.veronicadeaver.com/privacy-policy/) **Published:** November 11, 2022 **Author:** Veronica Deaver **Content:** The Law Office of Veronica Deaver recognizes the importance of protecting the privacy of all information provided by users of our web sites, subscribers to our services, registrants for our events, and all other customers of our products and services. We created this policy with a fundamental respect for our customers’ right to privacy and to guide our relationships with our customers. This Privacy Statement discloses the privacy practices for all products and services owned by The Law Office of Veronica Deaver. ##### Information Collection and Use The Law Office of Veronica Deaver collects information from our website users, subscribers and other customers. In this section of our Privacy Statement, we describe the type of information we collect and how we use it to provide better services to our customers. ##### Registration and Ordering Using our website and signing up for certain selected services (such as personal business lists), users must first register. During registration, users are required to give their contact information (such as name, e-mail address, mailing address and phone number). For internal purposes, we use this information to communicate with users and provide requested services, and, for our website visitors, to provide a more personalized experience on our sites. We also may collect demographic information. We use aggregate demographic information about our audience to improve our service, for marketing purposes and/or industry reporting purposes. Many of our products and services are free to subscribers who meet certain demographic criteria. Independent auditors may need to certify the eligibility of these subscribers. In order to do that, we may collect unique identifiers (such as mother’s maiden name) that we disclose to the auditors strictly for industry reporting and audit verification purposes. For our services that require payment (Business Subscriptions), we also collect credit card information (such as account name, number and expiration date), which is used for our or our agent’s billing purposes only, and is not otherwise shared. ##### Surveys and Contests From time to time we invite web site users and other customers to provide information via surveys or contests. Participation in these surveys or contests is completely voluntary and the website user or other customer therefore has a choice whether to disclose requested contact information (such as name and mailing address) and demographic information (such as zip code or job title). In addition to the other uses set forth in this policy, contact information collected in connection with surveys and contests is used to notify the winners and award prizes and to monitor or improve the use of, and satisfaction with the website or other The Law Office of Veronica Deaver product or service. Subject to the given customer’s preferences (as described in the “Permission” section below), such information also may be shared with third party sponsors of such surveys or contests. ##### Tell-A-Friend If customers elect to use our referral service for informing a friend about our sites and services, we may ask them for the friend’s name, interests and e-mail address. The Law Office of Veronica Deaver will store and use this information to send the friend an invitation. This information may also be used to provide information about our company and related products and services. The friend may contact us as specified in the tell-a-friend message to request that no further communications be sent. ##### Communications with Us We have features where our customers can submit information to us (such as our feedback forms). Where such submissions include requests for service, support or information, we may forward them to our agents, as needed, to best respond to the specific request. In addition, we may retain e-mails and other information sent to us for our internal administrative purposes, and to help us to serve customers better. Please note that letters to the editor and similar submissions may be made public, unless they refer to current registered businesses, in which case information is not disclosed. ##### Communications from Us: Service Updates, Special Offers The Law Office of Veronica Deaver will never send email notifications to users unless they specifically request so. ##### Automatic Data Collection The Law Office of Veronica Deaver has features that automatically collect information from customers, to deliver content specific to customers’ interests and to honor their preferences. This information assists us in creating products and services that will serve the needs of our customers. For example, we use “cookies,” a piece of data stored on the user’s hard drive containing information about the user. Cookies benefit the user by requiring login only once, thereby saving time while on our web site. If users reject the cookies, they may be limited in the use of some areas of our web site. For example, the user may not be able to participate in sweepstakes, contests or drawings. For our internal purposes, we gather date, time, browser type, navigation history and IP address of all visitors to our web sites. This information does not contain anything that can identify users personally. We use this information for our internal security audit log, trend analysis and system administration, and to gather broad demographic information about our user base for aggregate use. We may combine demographic information supplied by a customer at registration with web site usage data to provide general profiles, in aggregate non-personally identifiable form, about our customers and their preferences in the content of the site and advertising. We may share this composite information with our advertisers and business affiliates to help them better understand our services. Other than as set forth above, we do not share personally identifiable information with other companies, apart from those acting as our agents in providing our product(s)/service(s), and which agree to use it only for that purpose and to keep the information secure and confidential. Also, our parent, subsidiary and affiliate companies, entities into which our company may be merged, or entities to which any of our assets, products, sites or operations may be transferred, will be able to use personal information. We will also disclose information we maintain when required to do so by law, for example, in response to a court order or a subpoena or other legal obligation, in response to a law enforcement agency’s request, or in special cases when we have reason to believe that disclosing this information is necessary to identify, contact or bring legal action against someone who may be causing injury to or interference with (either intentionally or unintentionally) our rights or property. Users should also be aware that courts of equity, such as U.S. Bankruptcy Courts, might have the authority under certain circumstances to permit personal information to be shared or transferred to third parties without permission. We may share aggregate information, which is not personally identifiable, with others. This information may include usage and demographic data, but it will not include personal information. ##### Permission Our customers are given the opportunity to choose whether to receive information from our affiliates and us not directly related to the product or service for which they registered (or which they otherwise agreed to receive). Customers also have the opportunity to choose whether to have personal information shared with third parties for marketing purposes. Please note that we will endeavor to implement your permission requests within a reasonable time, although for a time you may continue to receive mailings, etc., transmitted based on information released prior to the implementation of your request. In addition, please note that even after such request is implemented, your page will continue to update information directly related to the service for which you registered (or which you otherwise agreed to receive), so you always are kept updated. ##### Security We use reasonable precautions to protect our customers’ personal information and to store it securely. Sensitive information that is transmitted to us online (such as credit card number, only applies to Businesses) is encrypted and is transmitted to us securely. In addition, access to all of our customers’ information, not just the sensitive information mentioned above, is restricted. Finally, the servers on which we store personally identifiable information are kept in a secure environment. ##### Links The Law Office of Veronica Deaver may contain links to other sites. The Law Office of Veronica Deaver is not responsible for the privacy practices or content of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of each web site to which we may link that may collect personally identifiable information. ##### Children The Law Office of Veronica Deaver websites are not directed at individuals under thirteen years of age, and The Law Office of Veronica Deaver does not intend to collect any personally-identifiable information from such individuals. ##### Notification and Changes If we change our Privacy Statement, we will post those changes on this page so our users are aware of what information we collect, how we use it and under which circumstances, if any, we disclose it. Users should check this policy frequently to keep abreast of any changes. ##### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ##### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ### [Terms and Conditions](https://www.veronicadeaver.com/terms-and-conditions/) **Published:** November 15, 2022 **Author:** Veronica Deaver **Content:** **PLEASE READ THE FOLLOWING TERMS OF SERVICES & LEGAL NOTICES (“THIS AGREEMENT”) CAREFULLY BEFORE USING THE veronicadeaver.com.com WEBSITE (the “Site” or “veronicadeaver.com”)**.These terms explain your (and our) rights under this Agreement, and make certain disclosures required by the law. By using the Site, you give your assent to the terms of this Agreement. If you do not agree to these terms, you may not use the Site. veronicadeaver.com (“veronicadeaver.com”,” “We” or “Our”) has the right, in our sole discretion, to modify, add, or remove any terms or conditions of this Agreement without giving individual notice to you, by posting the changes on the Site. Your continuing use of the Site signifies your acceptance of any such changes. DISCLOSURES REQUIRED UNDER SECTION 527 AND 342 OF THE BANKRUPTCY ABUSE PREVENTION AND CONSUMER PROTECTION ACT OF 2005. NOTICE Notice Mandated By Section 342(b)(1) and 527(a)(1) Of The Bankruptcy Code Notice Mandated By Section 342(b)(1) and 527(a)(1) Of The Bankruptcy Code ## PURPOSES, BENEFITS AND COSTS OF BANKRUPTCY ###### Bankruptcy may make it possible for financially distressed individuals to: - Discharge liability for most or all of their debts and get a fresh start. When the debt is discharged, the debtor has no further legal obligation to pay the debt. - Stop foreclosure actions on their home and allow them an opportunity to catch up on missed payments. - Prevent repossession of a car or other property, or force the creditor to return property even after it has been repossessed. - Stop wage garnishment and other debt collection harassment, and give the individual some breathing room. - Lower the monthly payments and interest rates on debts, including secured debts such as car loans. - Allow debtors an opportunity to challenge the claims of certain creditors who have committed fraud or who are otherwise seeking to collect more than they are legally entitled to. ###### Bankruptcy, however, cannot cure every financial problem. It is usually not possible to: - Eliminate certain rights of secured creditors. Although a debtor can force secured creditors to take payments over time in the bankruptcy process, a debtor generally cannot keep the collateral unless the debtor continues to pay the debt. - Discharge types of debts singled out by the federal bankruptcy statutes for special treatment, such as child support, alimony, student loans, certain court ordered payments, criminal fines, and some taxes. - Protect all cosigners on their debts. If relative or friend cosigned a loan which the debtor discharged in bankruptcy, the cosigner may still be obligated to repay whatever part of the loan not paid during the pendency of the bankruptcy case. - Discharge debts that are incurred after bankruptcy has been filed. ###### Bankruptcy’s Effect on Your Credit By federal law, a bankruptcy can remain part of a debtor’s credit history for 10 years. Whether or not the debtor will be granted credit in the future is unpredictable, and probably depends, to a certain extent, on what good things the debtor does in the nature of keeping a job, saving money, making timely payments on secured debts, etc. The section titles in this agreement are for convenience only and have no legal or contractual effect. ###### Business Hours **Days Hour** Monday 9:00 AM to 6:00 PM Tuesday 9:00 AM to 6:00 PM Wednesday 9:00 AM to 6:00 PM Thursday 9:00 AM to 6:00 PM Friday 9:00 AM to 6:00 PM Saturday 10:00 AM to 2:00 PM Sunday By Appointment ##### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ##### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ### [Locations](https://www.veronicadeaver.com/locations/) **Published:** June 6, 2023 **Author:** Veronica Deaver **Content:** ## Locations [ ](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) ### [ McKinney ](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) [ ](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) ### [ Prosper ](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) [ ](https://www.veronicadeaver.com/bankruptcy-lawyer-frisco-tx/) ### [ Frisco ](https://www.veronicadeaver.com/bankruptcy-lawyer-frisco-tx/) ### Little Elm ### Denton ### Sherman ### Anna ### Melissa ### Princeton --- ### [Vehicle Repossession](https://www.veronicadeaver.com/chapter-13-bankruptcy-stop-vehicle-repossession-mckinney-tx/) **Published:** December 21, 2022 **Author:** Veronica Deaver **Content:** ![](https://www.veronicadeaver.com/wp-content/uploads/2022/12/Vehicle-Repossession.jpg "Vehicle Repossession | the Law Office of Veronica Deaver") ### Vehicle Repossession [**McKinney, Texas,**](https://en.wikipedia.org/wiki/McKinney,_Texas) is known for its long commutes. You will need a vehicle if you work in one of the big Texas cities. Vehicle repossession can be possible if you are behind on your truck or car payments. It doesn’t mean you have to lose your only way of getting around. There are ways to protect your truck or car. ## Vehicle Repossession Your bank lender may have contacted you if you are late on your car/vehicle payments. Finance Lenders often send you letters and make harassing calls to collect their money. All repossessions and collection actions can be stopped by filing for bankruptcy. You can negotiate a repayment plan with your lender to pay back any missed payments or fees once you file for bankruptcy. This is usually done in a [Chapter 13 Bankruptcy](https://www.veronicadeaver.com/practise_area/chapter-13-bankruptcy/) case. You may still be able to get your vehicle back even if it has been repossessed. If the lender has yet to sell the car within ten days of repossession, bankruptcy can be used to get it back. You can create a plan to pay your vehicle bills and still have access to transportation. Even if your vehicle is repossessed, you don’t have to lose heart. To get your car back, you must have proof of insurance coverage. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/12/1e2a965a2bf333969060d9f2cd1bcad1.jpg "1e2a965a2bf333969060d9f2cd1bcad1 | the Law Office of Veronica Deaver") ![contact the law offices of veronica deaver today](https://www.veronicadeaver.com/wp-content/uploads/2022/11/contact-bottom.jpg "Contactbottom | the Law Office of Veronica Deaver") ## Contact Our Bankruptcy Lawyers [Veronica Deaver](/about-us) is a certified [Bankruptcy ](https://www.veronicadeaver.com/bankruptcy-lawyers-near-me-mckinney-texas/)lawyer experienced in all areas of vehicle repossession protection and debt relief. We have successfully handled consumer bankruptcy cases and can help you stop the bill collectors and protect your assets. ##### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ##### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [**Collin County Cities & Towns**](https://www.veronicadeaver.com/bankruptcy-services-collin-county-tx/)**:** Allen / Anna / Blue Ridge / Carrollton / Celina / Copeville / Dallas / Fairview / Farmersville / Frisco / Garland / Josephine / Lavon / Lowry Crossing / Lucas / [McKinney](https://www.veronicadeaver.com/mckinney-bankruptcy-lawyers/) / Melissa / Murphy / Nevada / New Hope / Parker / Plano / Princeton / [Prosper](https://www.veronicadeaver.com/bankruptcy-lawyer-prosper-tx/) / Richardson / Royse City / Sachse / Saint Paul / Van Alstyne / Weston / Wylie [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ### [Meet Veronica Deaver](https://www.veronicadeaver.com/about/meet-veronica/) **Published:** November 10, 2022 **Author:** Veronica Deaver **Content:** ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/home-left-1.png "Homeleft | the Law Office of Veronica Deaver") ### A Knowledgable Bankruptcy Attorney When drowning in debt, it’s crucial that you take immediate action to protect yourself and your future. That means consulting a bankruptcy attorney with decades of experience and success. Here at the Law Office of Veronica Deaver, we stake our reputation on exceeding client expectations. Veronica brings more knowledge, experience, and passion to bankruptcy law than any bankruptcy attorney in North Texas. Our law practice has helped thousands of people across North Texas find their way out of what appeared to be crippling debt. ## More Than Your Average Attorney Declaring bankruptcy is not an easy decision. You may be scared. You might be angry. These feelings can distort your decision-making skills. Beyond her comprehensive knowledge of bankruptcy law, Veronica shows you a way out of this difficult circumstance. Her ability to instill confidence and a clear conscience sets her practice apart from all others. ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/about-21.jpg "About21 | the Law Office of Veronica Deaver") ![](https://www.veronicadeaver.com/wp-content/uploads/2022/11/about-31.jpg "About31 | the Law Office of Veronica Deaver") ## Individualized Representation Your circumstances, and those that led you into debt, are unique. Veronica understands that your plan needs to be customized to your needs. She approaches your case with the nuanced perspective that it deserves. That’s why so many of her clients are referrals from fellow practicing attorneys. Few other bankruptcy attorneys take the time to offer a free consultation \[link to consult page\]—especially an attorney in such high demand. Our team takes ample time to absorb the details of your story for the sole purpose of creating an optimal plan. At the Law Office of Veronica Deaver, personalized attention has long translated into success. ## Contact The Law Offices Of Veronica Deaver Today Veronica Deaver’s number one priority is to preserve your liberties and innocence, and she will pursue this goal with relentless effort and aplomb. Here at the Law Office of Veronica Deaver, the only acceptable outcome is success. Allow Veronica to provide you with the peace that comes with hiring the most knowledgeable, experienced, and successful bankruptcy attorney in all of North Texas. Give us a call at 214-282-5024 or email today to schedule your free consultation. ![contact the law offices of veronica deaver today](https://www.veronicadeaver.com/wp-content/uploads/2022/11/contact-bottom.jpg "Contactbottom | the Law Office of Veronica Deaver") AREAS OF PRACTICE: - Consumer Bankruptcy – Chapter 7 & 13 - Probate – Wills and Power of Attorney - School Law - Personal Injury BAR ADMISSIONS: - State Bar of Texas, 1998 - Federal Courts - U.S. District Court, Northern District of Texas - U.S. District Court, Eastern District of Texas EDUCATION: - Texas A&M School of Law (formerly Texas Wesleyan University), Fort Worth, Texas, 1997, J.D. - The University of Texas, Arlington, Texas, 1988 BOARD LICENSURE AND CERTIFICATIONS: - Supreme Court of Texas, 1998 - Mediation Certification, Texas Wesleyan, 1998 PROFESSIONAL ASSOCIATIONS: - State Bar of Texas, 1998 – Present - Phi Delta Phi – Elliott Inn, International Legal Society, 1997 – Present - Academy for Collegiate Excellence, 2006-2007 ##### Request Your FREE Consultation Today \* Indicates Required Questions **Error:** Contact form not found. ##### Contact Us today to Schedule A Free Phone Strategic Planning Session We believe that you are entitled to outstanding representation. It is my understanding that anyone is one job loss or one unexpected emergency away from the need for a bankruptcy attorney. All of my clients are good people who have been the victims of bad circumstances. At this firm, you will meet with an attorney at your initial consultation at no charge to you. We can provide a free estimate at this time. **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.** Contact Us Today We can help you navigate your way back to financial freedom [ (214) 282-5024 ](tel:2142825024) [(214) 282-5024](tel:2142825024) [veronicadeaver@msn.com ](mailto:veronicadeaver@msn.com) [ Leave a Google Review ](https://goo.gl/maps/V73GSZ5AazrzMqUb9) ![](https://www.veronicadeaver.com/wp-content/uploads/2022/06/enterprise.png "Enterprise | the Law Office of Veronica Deaver") Our Location: [1575 Heritage Dr. Suite 107 McKinney, TX 75069](https://goo.gl/maps/V73GSZ5AazrzMqUb9) --- ## Tags ### [Military Bankruptcy Chapter 7](https://www.veronicadeaver.com/tag/military-bankruptcy-chapter-7/) **Description:** Military Chapter 7 Bankruptcy in McKinney TX --- ### [Chapter 11](https://www.veronicadeaver.com/tag/chapter-11/) **Description:** Chapter 11 Bankruptcy in McKinney TX --- ### [Credit Repair](https://www.veronicadeaver.com/tag/credit-repair/) **Description:** Credit Repair in McKinney TX --- ### [Bankruptcy Information](https://www.veronicadeaver.com/tag/bankruptcy-information/) **Description:** Bankruptcy Information in McKinney TX --- ### [Consumer Bankruptcy](https://www.veronicadeaver.com/tag/consumer-bankruptcy/) **Description:** Consumer Bankruptcy in McKinney TX --- ### [Recession](https://www.veronicadeaver.com/tag/recession/) **Description:** Recession in McKinney TX --- ### [Foreclosure](https://www.veronicadeaver.com/tag/foreclosure/) **Description:** Foreclosure in McKinney TX --- ### [Chapter 7 Bankruptcy](https://www.veronicadeaver.com/tag/chapter-7-bankruptcy/) **Description:** Chapter 7 Bankruptcy in McKinney TX ---