Richard M. Weaver

Mr. Weaver began his career by handling corporate bankruptcies, but for the last 23 years he has focused exclusively on consumer bankruptcies. Mr. Weaver has the experience, knowledge, and skill to guide you through difficult financial circumstances, whether you choose to file for bankruptcy or pursue other debt relief strategies.

Ideally, a chapter 13 bankruptcy is considered ideal for those people who want to eliminate unsecured debt, like their credit card bills and medical bills, while retaining their property.

In order to build credit, you have to get credit, and that seems impossible after bankruptcy. Few people may be willing to give you credit after you have filed for bankruptcy. However, you can get a secured credit card from your bank. For more advice about how you can begin establishing credit after a bankruptcy, call and discuss your case with Richard Weaver.

you can begin the process of establishing good credit soon after a bankruptcy. Richard Weaver represents clients in the Dallas area and around Texas resolve their financial problems and start afresh. Talk to an attorney at our firm about how you can begin fixing your credit problem after a bankruptcy.

In the case of a Chapter 7 bankruptcy, the official record will remain on your credit report for 10 years. However, other information related to your bankruptcy, including judgments, third-party relationships and other items will only be on your report for about seven years.

The only people who will learn of your bankruptcy are your creditors, unless you decide to publicize the matter, or unless you’re a celebrity. Bankruptcies are a matter of public record, but the number of people filing for bankruptcy is so huge, that it is very unlikely that newspapers will publish your bankruptcy.

There is no doubt that your credit will suffer after a bankruptcy, and that the record will remain on your record for some years. However, you can begin the process of rebuilding your credit after filing for bankruptcy. Learn how you can do this by consulting with a Dallas bankruptcy attorney.

Many people imagine being out on the street after a bankruptcy. That’s not how it works at all. In certain types of bankruptcy, you may continue to retain your house and car and the money in your retirement accounts. In other words, a bankruptcy doesn’t mean that you are immediately pushed into poverty.

The truth is that the negative impact on your credit rating can be built up over a period of years. Certain categories of persons like senior citizens, who find that their retirement accounts are getting depleted because of the mortgage payments that they’re forced to make, may consider strategic defaults. Speak to a Dallas bankruptcy attorney about strategic default, and whether this is a sensible option in your case.

In a strategic default, a homeowner consciously makes the decision to stop making payments on the mortgage. In other words, he willingly lets the home go into foreclosure. Strategic default is not recommended in every case. to learn more, contact Richard M. Weaver

Additionally, you also do not qualify for Chapter 7 bankruptcy, if you have discharged debt as part of a Chapter 7 within the last eight years. You cannot qualify if you have been through a Chapter 13 bankruptcy within the last six years.

To pass the income test, you must be able to show that your annual household income is lower than the annual median household income for the state of Texas.

To pass the means test, you must be able to prove that after all of your expenses, you’re left with no money to pay unsecured debt like credit card debt.

You can qualify for Chapter 7 bankruptcy if you can pass two tests – the means test or the income test.

Before you decide to file for Chapter 7 bankruptcy, you need to identify if you are eligible to file. There are income criteria to meet and other requirements that you must fulfill before you qualify for a Chapter 7. Speak to a Dallas bankruptcy attorney about the tests which will help identify whether you are actually eligible for bankruptcy.

Our office is located at 8035 E R L Thornton Fwy #269 Dallas, TX 75228. Feel free to visit our office and talk to our Dallas debt release lawyer now.

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Yes, We have debt lawyers to help you getting a debt relief in Dallas

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Yes, we have bankruptcy lawyers to provide bankruptcy services in Dallas

You may be curious as to whether you can file for bankruptcy a second time to reutilize this financial relief. With certain restrictions, you will be able to file more than once. You can apply for a Chapter 7 bankruptcy twice if a period of eight years has elapsed between bankruptcies. If you previously filed for a Chapter 13 bankruptcy, you can file for a Chapter 7 bankruptcy after 6-year lapse. A Chapter 13 bankruptcy can follow a Chapter 7 bankruptcy if there is at least a 4-year gap. Chapter 13 bankruptcies can be repeated within 2 years of one another.

Filing for bankruptcy is a difficult legal process. You can hire a bankruptcy attorney from our firm to help you resolve the complex issue and reduce your own stress. By working with an experienced bankruptcy lawyer, we can make sure that you are taking the rights steps. If you have any questions or concerns, these can be answered in as efficient manner as possible. Furthermore, your Dallas bankruptcy lawyer can represent you at the hearing before the bankruptcy trustee or judge. We can also help cease any creditor abuse or harassment actions that are committed against you. Above all, we can pursue for your best interest and help you get your finances resolved.

Bankruptcy can stop foreclosure. In a Chapter 13 repayment plan, you can keep your home by paying your arrears in full through a plan payment. In a Chapter 7, the automatic stay will temporarily prevent foreclosure, providing you with time to catch up on your mortgage payments. If you are at risk of losing your home, bankruptcy may be a powerful solution which can prevent that devastating effect of debt.

If you owe a large amount of debt, you may still possess the right to protect important assets, including your home, personal property, and money in bank accounts. Property that can be protected is called "exempt property," which means that you will not lose property in your bankruptcy if the total property value is less than the exemption amount. Many clients do not lose their assets.