The Wright Firm, LLP Bankruptcy

Texas Lawyers with Solutions

“I’M IN CHAPTER 13 BANKRUPTCY. WHAT HAPPENS TO MY TAX REFUND?”

“I’M IN CHAPTER 13 BANKRUPTCY.  WHAT HAPPENS TO MY TAX REFUND?”   The rules affecting what happens to Chapter 13 debtor’s tax refunds while they are in bankruptcy differ depending on where the case is filed.  These rules are generally set out in the local rules of the court or a general order.   In [...]

BANKRUPTCY: VICARIOUS LIABILITY DOES NOT APPLY TO § 523(a)(9

As a bankruptcy attorney I have focused my practice on a specific type of legal practice.  I don’t know much about drafting a will, litigating a lawsuit, or defending a criminal action, but I know a lot about consumer bankruptcy.  Similarly, in my experience I have found that attorneys practicing other types of law know [...]

Texas Bankruptcy Attorney: WHAT IS TRCC?

Texas Bankruptcy Attorney: TRCC is an acronym for Trustee’s Recommendation Concerning Claims.  TRCC is the point in a Chapter 13 case when the trustee reviews the claims filed by creditors, decides if objections to claims should be filed, and determines if the confirmed plan is sufficient to pay all allowed claims.  To understand TRCC it [...]

Denton County Bankruptcy Attorney: COMMON SENSE REQUIRED FOR SUCCESSFUL BANKRUPTCY

Denton County Bankruptcy Attorney: After I finish filing a bankruptcy case for my clients, I like to be able to look at their financial situation and know that they are better off than before they walked into my office.  My clients are almost always less stressed, happier, and better able to meet their financial obligations [...]

DON’T USE HOME EQUITY LOANS TO PAY OFF YOUR CREDIT CARDS!

DON’T USE HOME EQUITY LOANS TO PAY OFF YOUR CREDIT CARDS! I have to admit, that I am a little behind the times technologically.  I still have basic cable at home and I don’t have a DVR.  So while many Americans can simply fast forward through television commercials, I actually watch them.  One common theme [...]

TEXAS BANKRUPTCY: DEBTORS PROTECTED AGAINST DISCRIMINATION

Can my employer fire me for filing bankruptcy?   The Bankruptcy Code expressly prohibits private employers from firing you because you filed for bankruptcy.  See 11 U.S.C. § 525(b).  This prohibition even protects debtors who discharged debts owed to their employer.  For example, a bank teller cannot be fired for discharging credit card debt owed [...]

OBJECTION/MOTION TO DISMISS IN YOUR CHAPTER 13 BANKRUPTCY CASE?

Texas Bankruptcy: A couple times a month I get a phone call or email from a client in distress because they received a copy of an objection to confirmation or a motion to dismiss their bankruptcy case.  I have mixed feelings about these types of phone calls and emails.  I am slightly frustrated, because during [...]

CHAPTER 7 BANKRUPTCY: REDEEMING SECURED PROPERTY

One of the benefits of filing Chapter 13 bankruptcy is that you can sometimes cram down secured debt on vehicles.  This means that you can force a creditor to accept repayment of a loan by paying the value of the vehicle rather than the entire claim.  Chapter 7 bankruptcy has a similar tool available to [...]

CHAPTER 7 BANKRUPTCY: NEGOTIATING A BETTER DEAL ON YOUR SECURED DEBT

The purpose of filing Chapter 7 bankruptcy is to discharge debt.  However, discharging debt doesn’t remove liens on secured property, so although your liability for repaying a debt may be discharged, if you don’t continue making payments to secured creditors, they will likely enforce their lien through foreclosure or repossession.  Debtors who wish to keep [...]

DEAR BANKRUPTCY PROCRASTINATOR,

I understand what it means to be a procrastinator.  I have been one most of life.  My mother will tell you I was late being born.  My wife could share with you how we dated for six years before I asked her to marry me.  I like to think of myself as a reformed procrastinator.  [...]

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