Texas Bankruptcy Blog : Texas Bankruptcy Lawyer & Attorney : Fears Nachawati law Firm : Chapter 7, Chapter 13, Consumer Bankrutpcy : Dallas, Fort Worth, Austin, Houston, San Antonio

Ironically enough, you will have an easier time getting a car loan after you file for bankruptcy and it is discharged. While this may not make sense to most people, lenders realize that people who have filed for and have a discharged bankruptcy:

• No longer have any debt
• Cannot file for bankruptcy for a number of years
• Are eager to re-establish their credit
• May have extra disposable income

For these reasons, lenders view people who have a discharged bankruptcy as ideal customers. Of course, there are some things to keep in mind. While you can buy a vehicle, property or anything else after a bankruptcy--you must be able to afford it!

But if you are feeling the stress of too many debts at this time and not enough money to pay them, then bankruptcy can be very beneficial. Contact an Arlington bankruptcy lawyer today for more information on how filing for bankruptcy today can help you have a better tomorrow.

For a free bankruptcy consultation to learn more about discharging debts through bankruptcy contact Arlington bankruptcy law firm, Fears | Nachawati Law Firm toll free at (866) 705-7584 or via e-mail at info@fnlawfirm.com.

Yes, bankruptcy can help you save your vehicle. When you file for bankruptcy in Fort Worth, you need to list all the property that you possess or is under your name. When you list the vehicle, it cannot be repossessed while the bankruptcy court trustee is reviewing your case. Depending on the type of bankruptcy you file for, Chapter 7 or 13, you may be allowed to keep the vehicle if you agree to make up any past due payments or continue making payments.

Other options include evaluating the equity in the vehicle and how much is owed on the vehicle. The bankruptcy trustee will not take the car if it has no equity. In the unusual case that there is equity, you may have other options as well. If you still owe money on the car, you can reaffirm the debt. Some jurisdictions don’t require that you reaffirm the debt but only that you continue to make the payments as agreed in the original contract.

A consultation with a Fort Worth bankruptcy attorney can help answer specific questions based on your circumstances.For a free bankruptcy consultation to learn more about protecting your vehicle and other assets through bankruptcy, contact a Tarrant County bankruptcy lawyer at Fears | Nachawati Law Firm by calling toll free at (866) 705-7584 or via e-mail at info@fnlawfirm.com. 

One of the most devastating life events can be an illness. It can affect anyone at any time.And what most people do not realize is that even if you are lucky enough to have medical insurance, not all medical costs are covered. Therefore, you can end up with huge medical bills and limited funds to pay them.

As a result, a substantial number of people in Austin (and many other parts of the country) are filing for Chapter 7 bankruptcy to eliminate medical debts. When you file for Chapter 7, your medical debts are discharged and you get to keep all of your property. The process takes approximately four months and you can then immediately start re-building your credit. 

Although the initial filing requirement is simple enough--you only have to live or have property in the United States, there can be complex issues that may require the assistance of an Austin bankruptcy lawyer. For example, you may be wondering when to file. A general suggestion is to not file until all anticipated bills have been incurred. If you are still sick and require expensive medical care, the filing should be delayed. A consultation with an Austin bankruptcy lawyer can explain these and many other issues in more detail.

For a free bankruptcy consultation to learn more about discharging medical debts through Chapter 7, contact Austin bankruptcy law firm Fears | Nachawati Law Firm via phone at  (866) 705-7584 or by e-mail at info@fnlawfirm.com.

If a creditor has seized your bank account, an option to quickly “unfreeze” your account is to file for bankruptcy. In fact, it may be your only option. It is very difficult to function without a bank account. As you know, you use your bank account to pay for groceries, household items and other basic necessities. A frozen bank account can be disastrous for most people.

When you file for bankruptcy in Dallas no creditor can place a lien on your bank account. If you already have a lien on your bank account due to credit card bills or other debts, it will be removed immediately. In some cases, some of the monies removed from your bank account may be returned. The key is to act quickly to make sure that no other creditors place a “freeze” on your account and to try to recover any money a creditor may have received through your bank account. There are special bankruptcy rules that apply in those situations. A Dallas bankruptcy attorney can give you options based on your specific situation.

For a free bankruptcy consultation contact Dallas bankruptcy law firm, Fears | Nachawati Law Firm via phone at  (866) 705-7584 or e-mail at info@fnlawfirm.com.

Chances are that by the time you are reading this article you have made unsuccessful attempts to negotiate an extension on your car payments. There is no need to lose sleep wondering if your car will disappear in the middle of the night. At this point one of the best ways to protect yourself against car repossession is to file for bankruptcy.

The key is to file for bankruptcy before your vehicle is repossessed. While in some cases, you may be able to get your car back after it’s been repossessed; it is better to avoid that scenario for the following reasons:

·         Repossession charges added to past due payments

·         Possible damage to a vehicle during the repossession

·         Auto finance company less willing to negotiate payments or return vehicle

When you file for bankruptcy, all collection efforts from creditors on your vehicle and other debts will stop. What this means is that no creditor can makes calls or take any type of action to collect on any past due bills. For further questions, an experienced Fort Worth/Arlington bankruptcy attorney can discuss your specific case to answer any questions that you may have.

If you are feeling the stress of too many bills and not enough money to pay your bills, then bankruptcy may be an option for you.  For a free bankruptcy consultation contact Fears | Nachawati Law Firm, (866) 705-7584.

It is estimated that the average American has over $8,000 in credit card debt. It starts with one small purchase and before you know it you are using one card to pay another card off. If this sounds familiar, then filing for Chapter 7 bankruptcy may be a great way for you to get out from under the mountain of credit card bills. When you file a Chapter 7 bankruptcy practically all your credit card debts will disappear.

Additionally, all collection efforts from the credit card companies and other debts will stop. What this means is that no creditor can makes calls or take any type of action to collect on any past due bills. It also means that any liens on your bank account or wages will be lifted. To find out which debts can be waived under a Chapter 7 bankruptcy, it’s important for you to get in touch with an experienced Fort Worth/Tarrant area bankruptcy attorney to find out how you can start living a debt free life.

If you are feeling the stress of too many credit card bills and not enough money to pay them, then bankruptcy may be an option for you.  For a free bankruptcy consultation contact Fears | Nachawati Law Firm, (866) 705-7584.

One of the reasons many people rush to filing bankruptcy is to discharge a lawsuit. While this may be a good way to avoid a garnishment from a judgment, it can be a complicated process that should be handled by an experienced bankruptcy attorney. You may have questions such as:

Do I have to file bankruptcy before my creditor gets a judgment?  

In general a debt represented by a judgment is just as dischargeable as the same debt prior to entry of judgment.  Note, however that there are some exceptions dependent on the type of bankruptcy that you file.

Will bankruptcy stop garnishment on a judgment against me?  

Bankruptcy will terminate garnishments as to wages earned after the filing of the bankruptcy.  Wages earned before the filing may be recoverable from the sheriff or the creditor if those wages would otherwise have been exempt. 

The only possible exception concerns child support collections. In such cases it depends on what chapter bankruptcy case is selected and whether the support first came due before the commencement of the case, etc.

A consultation with a Dallas & Ft. Worth area attorney can help answer these and many other questions in more detail. For a free bankruptcy consultation to learn more about discharging debts through bankruptcy contact Fears | Nachawati Law Firm, (866) 705-7584.

Homeowners in Dallas need to be on alert of people and companies with fraudulent foreclosure schemes and scams to deprive them of their home. Some of the schemes include offers to buy your home and let you rent while in order to help you buy back your home. Other similar scams involve an offer to help you financially in exchange to be put on the home’s title. Do not fall for any of these quick fix solutions to your financial problems because you will end up losing your home. In these scenarios, the homeowner is eventually kicked out of their own home! Don’t become one of their victims!

While some of these scammers are in jail, there are plenty still around ready to take their place. The following are some simple steps you can take to protect yourself:

• Avoid contact with people who make unsolicited calls or visits to your home offering to help you.
• Do not let precious time go by, as time is not on your side in a foreclosure proceeding.
• Do not sign anything without speaking to an attorney.

If you are feeling the stress of too many bills and not enough money to pay your bills, then bankruptcy may be an option for you.  For a free bankruptcy consultation contact Fears | Nachawati Law Firm, (866) 705-7584.

While many homeowners in Arlington and Dallas are feeling the foreclosure noose around their necks, there are a few things they can do to avoid hanging themselves. First, don’t live in denial! The reality is if a homeowner does nothing to protect their home, they will lose it sooner than later. If you have attempted to re-negotiate your mortgage without success, it’s vital that you use whatever rights you have under the law to protect your most valuable asset--your home! Second, use your right to file for bankruptcy.

Bankruptcy laws were created to protect consumers. When you file for bankruptcy, an automatic stay is put in place to freeze all actions by your creditors. This includes the financial institution that gave you your home loan. What this mean for you is that the lender cannot foreclose on your home. It also gives you time to pay any arrears you owe the lender. There are also other advantages to filing for bankruptcy, such as removal of a second mortgage that may greatly reduce future mortgage payments. To learn more about what options you may have, you should discuss your current situation with an attorney that specifically handles bankruptcy cases. This will help ensure you get the expert representation to help you save your home.

For a free bankruptcy consultation contact Fears | Nachawati Law Firm, (866) 705-7584.

Chances are that by the time you are reading this article you have made unsuccessful attempts to negotiate an extension on your car payments. There is no need to lose sleep wondering if your car will disappear in the middle of the night. At this point one of the best ways to protect yourself against car repossession is to file for bankruptcy.

The key is to file for bankruptcy before your vehicle is repossessed. While in some cases, you may be able to get your car back after it’s been repossessed; it is better to avoid that scenario for the following reasons:

·         Repossession charges added to past due payments

·         Possible damage to a vehicle during the repossession

·         Auto finance company less willing to negotiate payments or return vehicle

When you file for bankruptcy, all collection efforts from creditors on your vehicle and other debts will stop. What this means is that no creditor can makes calls or take any type of action to collect on any past due bills. For further questions, an experienced Fort Worth/Arlington bankruptcy attorney can discuss your specific case to answer any questions that you may have.

If you are feeling the stress of too many bills and not enough money to pay your bills, then bankruptcy may be an option for you.  For a free bankruptcy consultation contact Fears | Nachawati Law Firm, Phone  1 (866) 705-7584.