GET OUT OF
Austin, TX Bankruptcy Attorney
File Chapter 7
2021 Guadalupe #260
Austin, TX 78705
An experienced bankruptcy attorney providing debt relief and assistance.
Rely on an experienced bankruptcy attorney to...
Stop Creditor Harassment
As soon as you retain us we become responsible for dealing with your creditors, and creditors are forbidden by law from contacting you. We advocate for you from the first day until the case is closed and your debt is discharged.
Stop Your Debt
A reason for filing bankruptcy is to get rid of your oppressive debt, Remember, after you file bankruptcy, you don’t owe the debts you discharged and or you owe a lot less money, and you are not in default to any creditors.
Rebuild Your Credit
In order to reestablish your credit all you have to do is demonstrate a payment history AFTER bankruptcy. Usually, you can reestablish credit to qualify for an FHA loan for real estate in less than 24 months. For revolving credit and vehicles, it can be considerably sooner.
Protect Your Assets
Your homestead and retirement accounts, IRA, 401(k) or pension is the most valuable possession you have (other than possibly real estate). Rely on an experienced bankruptcy attorney to protect your assets.
Contact experienced bankruptcy attorney Michael Spinks for a free debt relief consultation.
- Bankruptcy Questions
- Personal Impact
- Protecting Yourself
You will not. You can keep your paid-for car. If you are still making payments, you can keep making payments on your current car and keep it out of the bankruptcy if you wish. This is called a reaffirmation. If you owe more than it is worth, you may want to voluntarily get rid of that car. That is up to you.
You will not. Bankruptcy is designed to give you a fresh start, not to leave you destitute. You can usually keep all of your paid for property, keep buying your car and/or house if you want, and at the same time bankrupt your unsecured creditors. This property which you can keep is commonly referred to as exempt property. The exemptions allowed in Texas protect a majority of property that is important to people. For example, you can protect $125,000 equity in your home. You can exempt $60,000 worth of personal household goods, and 100 percent of your qualified retirement accounts. We find an overwhelming majority of people whom we represent in Bankruptcy, would not lose any of their property in a bankruptcy filing, but be able to discharge all their unsecured debt.
No. You do not have to bankrupt all your debts. You can continue to pay for secured items (house, car, furniture, etc.). You can reaffirm your debt to creditors and continue to pay the debt if you want. Many people reaffirm their house and/or car.
The second most important reason for filing bankruptcy is to get rid of your oppressive debt and reestablish your credit. Remember, after you file bankruptcy, you don’t owe the debts you discharged and or you owe a lot less money, and you are not in default to any creditors. Therefore, in order to reestablish your credit, all you have to do is demonstrate a payment history AFTER bankruptcy. Usually, you can reestablish credit to qualify for an FHA loan for real estate in less than 24 months. For revolving credit and vehicles, it can be considerably sooner.
6 Most Common Questions About Bankruptcy Video
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.