Heavy debt can make it feel like you’re one step away from losing everything. But filing for Chapter 13 in Texas doesn’t mean giving up your home, your car, or the things you’ve worked hard for. This type of bankruptcy focuses on restructuring your debt (not erasing it all at once like Chapter 7) so…
Continue reading…Does a Chapter 13 Erase All Debt?
When you can no longer afford to make all your debt payments, you might file for Chapter 13 bankruptcy to help you resolve your debt situation. But can Chapter 13 erase all your debts? Unfortunately, Chapter 13 bankruptcy does not eliminate all your debts. Instead, it provides you with an opportunity to restructure your debts…
Continue reading…Are You Personally Liable for Business Debt?
Starting and growing a business in Texas is a major accomplishment, but it often involves taking on financial risk. A common concern among business owners is whether they could be held personally responsible for business debts if things go south. The answer to that question depends largely on the business structure you choose, the nature…
Continue reading…What if I filed bankruptcy before? Can I file again?
Filing for bankruptcy can provide much-needed financial relief, but what if you’ve filed before? Many people wonder if they can file bankruptcy a second (or even third) time. The answer depends on the type of bankruptcy previously filed, the time that has since elapsed, and your current financial situation. Toronjo & Prosser Law offers comprehensive…
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How Can I Get Out of Debt in Texas?
Debt can feel overwhelming, but if you’re struggling with financial obligations in Texas, you have options. Whether you’re dealing with mounting credit card debt, medical bills, personal loans, or business-related financial burdens, legal strategies are available to help you regain control. Understanding your debt relief options and choosing the right path for your situation is…
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Should I File for Bankruptcy Before or After the Holidays?
The timing of a bankruptcy filing can become a critical consideration for individuals who have decided to pursue bankruptcy to resolve credit card bills and other debts. Financial pressures can increase during the holidays, as people in debt may further increase credit card balances to afford gifts and holiday meals or parties. If you’ve determined…
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What Information Should I Bring to a Free Consultation
Are you thinking about filing for bankruptcy? If so, you might be lining up an initial consultation with an experienced bankruptcy lawyer. Here’s what you can bring to that meeting to help them better understand your situation so that they can give you advice tailored to your unique situation. What Information Do I Need to…
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Can I Keep My Home If I File Chapter 7 Bankruptcy?
If you’re a homeowner facing overwhelming debt, Chapter 7 bankruptcy may seem like an attractive way to get a fresh financial start. One of the most common concerns for those contemplating this option is whether they can keep their home during and after the bankruptcy process. This post will explore the possibilities of retaining your…
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Job Loss and Bankruptcy in Dallas: What You Need to Know
Losing a job is one of life’s most stressful experiences. In an instant, your financial security and sense of identity can be turned upside down. Without a steady paycheck, the bills quickly pile up, and making ends meet becomes a daily struggle. For many, the mounting debt and constant calls from creditors can feel overwhelming…
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5 Signs You Might Need to File Chapter 7 Bankruptcy in Dallas (and What to Do Next)
Filing for Chapter 7 bankruptcy in Dallas can offer a pathway to financial relief for those overwhelmed by debt. This legal process is designed to help individuals erase most unsecured debts, offering a fresh start. While the thought of bankruptcy might seem daunting, understanding its potential as a tool for financial recovery is important. Recognizing…
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