Amarillo Bankruptcy Attorney and Lawyer, David Enos, has over 20 years experience helping consumers file Chapter 7 and Chapter 13 bankruptcy. Bankruptcy will stop foreclosure, repossession and garnishment for those who qualify.
When there is not enough money to cover all your bills, it is easy to feel overwhelmed. If you are in debt, you may be pressured by creditors to pay money you do not have. It can get to the point at which you fear picking up the phone or going through your mail. Financial distress can also make it difficult to concentrate at work, as well as cause you to avoid social situations. Fortunately, you have the power to get back on track with your finances.
Attorney David Enos has helped hundreds of families in the Texas Panhandle file bankruptcy, regain control of their finances and probably saved many marriages. Whether you are over run by medical bills and credit cards or facing foreclosure or problems with the IRS, David Enos Attorney at Law can help.
TYPES OF BANKRUPTCY
Most people think of bankruptcy as a process in which you go to court and get your debts erased. But in fact, there are two types of bankruptcies: the more familiar liquidation bankruptcy, where your debts are wiped out completely (Chapter 7 bankruptcy) and reorganization bankruptcy, where you partially or fully repay your debts. (Chapter 13 bankruptcy.)
In a Chapter 7, your unsecured dischargeable debts will be canceled - wiped out - letting you truly “start over” free from your past debts! The overwhelming majority of consumer debt is unsecured; including credit cards, medical bills, personal loans, department store charges, taxes etc.. Any debt that is not "secured" by collateral that can be repossessed if you fail to pay the debt is - an unsecured debt, and can be wiped out in chapter 7.Secured debts are all debts that are secured by collateral. The most common are mortgages and auto loans. Secured debts are not dischargeable in bankruptcy. That doesn't mean that you loose your home or vehicles. It simply means that you must either continue to pay for them; or surrender them to the lien holder.
See our Chapter 7 bankruptcy page for more information.
Please read more on our Chapter 13 bankruptcy page for more information.
Filing Bankruptcy in Amarillo
The purpose of bankruptcy is to provide an opportunity for a “fresh start” for individuals who are strapped with debt. Filing for bankruptcy will stop the creditors and debt collectors from hounding you, and generally enable you to keep your home and much of your other property. However, bankruptcy laws are constantly evolving and the sheer amount of paperwork can be overwhelming for those not experienced in Amarillo bankruptcy law. It’s important that your bankruptcy filing is thorough and accurate, or else you could wind up costing yourself thousands of dollars, or possibly even your home! Trust your filing to Amarillo bankruptcy lawyer David Enos. With over 20 years serving clients in the Amarillo area, he has the experience necessary to make sure your bankruptcy filing is thorough and in your best interest.
If you are considering filing for bankruptcy, contact the Law Offices of David Enos for a free consultation with an Amarillo bankruptcy lawyer today (806)372-7307.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us or viewing this website does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established. See the Bankruptcy Disclosures.
THE TRUE COSTS OF PUTTING OFF YOUR BANKRUPTCY
Oftentimes, one of our clients’ biggest concerns is the cost of retaining a lawyer and the fees associated with filing. A thousand dollars to file, they reason, is not small potatoes. In fact, if they had that kind of money, they tell us, they wouldn’t need to file at all. READ MORE.
CAN I LOSE MY JOB IF I FILE A CHAPTER 7 OR CHAPTER 13 PERSONAL BANKRUPTCY?
If you’re asking yourself this question, the short answer is NO, but more on that in a moment…
STUDENT LOANS ARE NEARLY IMPOSSIBLE TO DISCHARGE IN A CHAPTER 7 BANKRUPTCY
Most bankruptcy FAQs will tell you that Student Loans are not dischargeable. While this is good advice – and very likely your loans are not dischargeable, this is not technically true. The Federal bankruptcy laws do allow for relief from Student Loans. Called the “undue hardship” standard, section 523(a)(8) is usually applied very narrowly by the courts, making it...READ MORE.
HIDING ASSETS FROM THE BANKRUPTCY TRUSTEE IS A BAD IDEA
You’re going to end up eating the value of your prized coin collection, so why would you want to eat it with a side order of Bankruptcy Fraud? It’s pretty important to be as truthful as possible when listing your assets in your bankruptcy schedules. The court – and your attorney - does not look kindly on attempts to conceal your assets to avoid having them liquidated.
Buying a home is no small thing. It takes a lot of work to save enough for a down payment and afford the payments for 10, 20 or even 30 years. Especially in uncertain financial times, it is not uncommon to find yourself in a position in which the expenses of the basic necessities of life take precedent and your home is suddenly the subject of a foreclosure proceeding.... READ MORE.