Debt Eliminated

Imagine collection lawsuits, calls, and letters stopping!

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Get rid of debt and breathe easy

Discharge of debt

Eliminate your debt and experience a much-needed peace of mind.

Debt that cannot be discharged

Not all debt can be discharged in bankruptcy, but there are solutions for non-dischargeable as well. We structure our clients' bankruptcy cases to benefit them the most.

Discharging your debt while protecting your property and possessions

We structure our clients' bankruptcy cases to minimize their risk of loss while maximizing debt relief benefits available under the Bankruptcy Code.

Discharging Debt while keeping car loans, mortgages and other secured debt

Secured debt such as mortgages and auto loans are protected under a properly structured bankruptcy case. We work hard at getting favorable terms for our clients.

Discharge of debt

Our ultimate goal during your initial consultation is to come up with a plan that gets rid of as much debt as possible while savings your property and possessions. A lot must be considered to come up with a helpful and workable plan of slashing debt.

Our process is comprehensive and starts with considering the following:

  1. The value of your belongings and property.
  2. Your debt amount and debt-type. For example, we go over your credit card debt, tax debt, car loan debt, medical bills, unpaid bills, child support, mortgages, business debt, and so on.
  3. Your household income and expenses.
  4. Any particular events that is affecting your finances.
  5. Any lawsuits and other legal actions you are facing.

Once we have an overall picture of your financial affairs, we come up with options that we believe will eliminate as much debt as possible.  Often but not always we eliminate all of our clients’ unsecured debt (credit cards, unpaid bills, signature loans, auto repossessions).

In most Chapter 7 cases, your unsecured debt will be discharged thanks to Texas’ generous exemption law.  In essence, the State of Texas gives its residents one of the most generous protection tools against creditors and trustees trying to liquidate your assets.  To benefit from these exemptions, you have to meet its legal residency requirements.

Debt that cannot be discharged (taxes and child support)

You may have debt that cannot be discharged, such as back child support and some types of taxes. There are options if that’s the case. Often, a restructuring-type bankruptcy can accommodate very helpful payment plans to pay off these types of debt. Paying off the debt that does not go away is a huge relief for anyone who has carried that burden in the past.

In a properly structured Chapter 13 bankruptcy plan, most unsecured debt can be discharged and debt that cannot be wiped out is structured into monthly payments. In a way, Chapter 13 provides the best of both worlds: it discharges debt and it structures the debt you can’t be discharged in affordable monthly payments.

Discharging your debt while protecting your assets and property

As I mentioned earlier the State of Texas provides very generous exemptions. Even with such exemptions, you may have property to which those exemptions don’t apply. Even in those circumstances, it’s possible to protect unexempt property, if you agree to pay some money back to your unsecured creditors. The amount you would have to pay back to protect unexempt property is quite fact specific. We should be able to give a good idea after your free initial consultation.

Discharging Debt while keeping car loans, mortgages and other secured debt

Often my clients are concerned about losing assets they are financing if they file for bankruptcy. It is a valid concern, but in a Chapter 13 plan, you can protect the assets you are financing. Chapter 13 bankruptcy prevents the lender to repossess assets such as car, furniture, and home you are financing so long as the bankruptcy rules are followed.

Things are not as certain in a Chapter 7 case. The secured creditor (i.e. car finance company) must agree for you to keep the financed collateral (car). Often the creditor is agreeable and offers a reaffirmation agreement that spells out the terms of your post-bankruptcy agreement with them. It’s important to note that the secured creditor has to agree to you keeping the collateral and continue paying.

Reorganization made easy

Our bankruptcy practice analyzes your entire financial picture. Our goal is to put you in the best financial position as possible. In doing so, we analyze your credit card debt, unpaid bills, medical bills, owed taxes, consequences of unfiled tax returns, your household income, and the property and assets you own.

We then present you with options that are designed to improve your entire Financial situation. Our goal is to take financial stress out of your life as much as we can.

Begin your assessment now!

  • In office or virtual appointment
  • Full review of your financial situation
  • We get your credit report
  • We fill out all the forms and paperwork for you
  • We represent you in your case
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