There are many reasons to consider bankruptcy. Just don’t file without your Lubbock, TX bankruptcy lawyer by your side. At Leinart Law Firm, we’ve helped our clients with Chapter 7 bankruptcy, Chapter 13 bankruptcy, and more. Now, we’re ready to help you. Read on to see why you need a debt relief lawyer, and contact us today to get started.
Bankruptcy Lawyer Lubbock, TX
Bankruptcy isn’t just for people who spend beyond their means, or make unwise investments. Sometimes it’s due to an accident or injury that requires expensive treatment. Others lose their jobs, or go through difficult divorces. Emergencies happen, and if you have debts and creditors to pay off, you need to take action to get them off your back.
If it seems like a major step, that’s because it is. Bankruptcy is a last resort, and by filing, it may take years to restore your credit and put your bankruptcy behind you. And depending on the Chapter you choose, you may have to liquidate your assets to pay off your creditors and get out from under your debt. All the more reason to have your Lubbock bankruptcy lawyer on your side.
Your insolvency lawyer can help you decide on your next steps. If you’re desperate to get out of debt quickly, you may choose Chapter 7 bankruptcy. It’s faster, but it involves selling off real estate, investments, and other properties just to satisfy your creditors. Still, the faster you liquidate, the faster you can rebuild your credit – and your lawyer can also help you protect assets that you can’t bear to part with.
On the other hand, you may file for Chapter 13 bankruptcy in order to hold on to most of your assets. This isn’t as quick as Chapter 7, and a major part of Chapter 13 bankruptcy is building a repayment plan (and sticking to it). You’ll need to slowly chip away at your debt, while also providing evidence that you’re making progress. Once again, your bankruptcy counselor can help you decide which option is best for your needs.
There are a lot of bankruptcy attorneys out there, but they aren’t all created equal. When you search for legal representation, make sure your lawyer has plenty of experience.
Why Experience Matters In Bankruptcy Cases
At Leinart Law Firm, we’re ready to help you achieve financial independence. Our experience makes all the difference:
- We’ve spent over 15 years helping clients like you. We’ll help you decide on your best options for bankruptcy, and we’ll walk you through your next steps after you’ve made the choice.
- Our financial legal services extend beyond just Chapter 7 and Chapter 13 bankruptcy. We can also help you with car repossessions, foreclosures, and more.
- Spending money on a bankruptcy lawyer may seem like an unnecessary expense, but in the long run it can save you money through the restructuring and liquidation process. We also provide free consultations and 24/7 live call answering.
Contact Us Today
If you’re trying to get out from under your debt, we can help. Get in touch with Leinart Law Firm today, and see how a Lubbock bankruptcy lawyer from our team can make a difference.
Types of Cases We Handle in Lubbock, TX
Financial difficulty rarely fits into a single category, and the right filing or alternative depends on income, assets, and the types of debt involved. A bankruptcy lawyer in Lubbock, TX works with individuals, families, and small business owners to apply the Bankruptcy Code and Texas exemption laws to each situation. Below are the main case types handled in this area of practice.
- Chapter 7 Liquidation Cases: This filing discharges most unsecured debts within a few months for those who pass the means test. The process includes preparing schedules of assets and liabilities, applying Texas exemptions to protect property, and working with the trustee to close the case efficiently.
- Chapter 13 Repayment Plans: Filers with regular income can reorganize debts through a three-to-five-year repayment plan. Cases involve calculating disposable income, prioritizing secured debts like mortgages and vehicle loans, and addressing arrearages so homeowners can catch up on missed payments while keeping their property.
- Chapter 11 for Individuals and Small Businesses: When debts exceed Chapter 13 limits or a business needs to keep operating, Chapter 11 offers a reorganization path. Work includes drafting the plan, negotiating with creditors, and meeting disclosure requirements set by the bankruptcy court.
- Subchapter V Small Business Reorganization: Smaller companies that meet the debt threshold can use this faster version of Chapter 11. The methodology focuses on confirming eligibility, building a workable plan, and coordinating with the appointed trustee to move the case toward confirmation.
- Foreclosure Defense Through Bankruptcy: A bankruptcy filing triggers an automatic stay that stops foreclosure proceedings. According to the Consumer Financial Protection Bureau, foreclosure can begin after missed mortgage payments, and Chapter 13 is often used to cure arrears and keep the home through structured repayment.
- Vehicle Repossession Matters: Filing before or shortly after a repossession can recover the vehicle and stop further collection. Cases include valuing the vehicle, restructuring the loan balance through Chapter 13 cramdown when allowed, and addressing deficiency balances after a sale.
- Wage Garnishment and Bank Levy Relief: Although Texas restricts garnishment for most consumer debts, federal obligations and out-of-state judgments can still reach wages and accounts. Bankruptcy stops these actions immediately, and the work includes recovering recently garnished funds when possible.
- Tax Debt Discharge and Treatment: Some older income tax debts can be discharged in bankruptcy when specific timing rules are met. The approach involves reviewing tax transcripts, identifying dischargeable years, and treating priority and secured tax claims through the appropriate chapter.
- Creditor Harassment Defense: Persistent collection calls, threats, and improper contact violate federal law. Filing for bankruptcy stops most collection activity, and cases also address violations of the Fair Debt Collection Practices Act when creditors continue contact after the automatic stay takes effect.
- Means Test and Eligibility Analysis: Choosing the right chapter starts with a careful review of income, expenses, and household size. The methodology includes comparing median income figures, calculating allowed expenses, and weighing Chapter 7 against Chapter 13 to find the option that fits long-term goals.
- Reaffirmation and Lien Issues: Secured debts often require decisions about reaffirming loans, redeeming property, or stripping junior liens. Cases involve reviewing loan terms, negotiating with lenders, and filing the motions needed to adjust secured claims during the case.
Many filers face issues across several of these categories at once, and the right strategy often combines a bankruptcy chapter with targeted negotiation or litigation defense. A Lubbock bankruptcy attorney can review financial records, creditor claims, and household goals before recommending a course of action.
If you are facing lawsuits, garnishment, or unmanageable debt, contact a Lubbock bankruptcy attorney to review your options under state and federal law. The team at Leinart Law Firm is available to discuss your situation and explain the next steps.