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The Wright Firm, LLP

Bankruptcy Lawyers & Counselors

(972) 353-4600

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BANKRUPTCY: AVOIDING LIENS

In bankruptcy, debtors have the ability to avoid two types of liens, meaning they can remove the lien from the collateral and make the debt unsecured.  A lien can be avoided if it impairs a debtor’s exemption to which the debtor would have been entitled if not for the lien.  For example, if a debtor […]

BANKRUPTCY: CREDIT CARD TRANSACTIONS FRAUD? IT’S A MATTER OF TIMING

Some types of debts cannot be discharged in bankruptcy.  These include income tax, child support and student loans.  Then there are other types of debts that should be dischargeable in bankruptcy, but become non-dischargeable because of how the debt was incurred.  For example, debtors that obtain money, property, or services through fraud remain liable for […]

BANKRUPTCY: CROSS-COLLATERALIZATION AND CREDIT UNIONS

In bankruptcy, debtors often wish to discharge their unsecured debt but keep their secured collateral.  This is generally allowed in bankruptcy, but a practice commonly employed by credit unions makes this process more complicated and often more expensive.  The reason is because credit unions often include cross-collateralization clauses in their loan documents.  Cross-collateralization means that […]

BANKRUPTCY:DISCLOSE YOUR CAUSE OF ACTION OR LOSE YOUR RIGHT TO SUE

When a person files bankruptcy, they are required to list all of their assets in their bankruptcy schedules.  In bankruptcy, an asset is anything you own, but it also includes anything you may acquire contingent upon some event happening.  For example, if you are in a car wreck, you may acquire a cause of action, […]

BANKRUPTCY: EXEMPTION FROM THE CREDIT COUNSELING REQUIREMENT

Debtors wishing to file bankruptcy are required to successfully complete a credit counseling course during the 180 days prior to filing bankruptcy.  However, debtors that can show that they are incapacitated due to mental or physical disability may be exempt from this requirement.  Under Sec. 109(h)(4) of the Bankruptcy Code, a debtor may be excused […]

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LEWISVILLE OFFICE

1760 South Stemmons Freeway, Suite 100
Lewisville, Texas 75067
Phone: 972-353-4600
Fax: 972-353-4602

DENTON SATELLITE LOCATION*

1308 Teasely Lane, Suite 119
Denton, Texas 76205
Phone: 940-387-5300
Fax: 888-548-1138
* Satellite Locations are available by appointment only.

FRISCO OFFICE

7000 Parkwood Blvd. Suite E300
Frisco, Texas 75034
Phone: 972-712-7555
Fax: 972-712-7556

TARRANT SATELLITE LOCATION*

5601 Bridge Street Suite 300
Fort Worth, Texas 76112
Phone: 972-353-4600

DALLAS OFFICE

Campbell Center II 8150 N. Central Expressway Suite 775
Dallas, Texas 75206
Phone: 469-635-6900
Fax: 214-780-9797

We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the Bankruptcy Code.

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