Lewisville Bankruptcy Attorneys

Denton County · Dallas County · Tarrant County · Collin County

Bankruptcy has negative associations in most people's minds, almost as if it were a crime to fall into financial difficulties. Bankruptcy laws exist specifically to help people who are drowning in debt. Our government recognizes that people's financial stability sometimes collapses through no fault of their own. Sometimes, a consumer needs to be bailed out just like a business does.

Even if you do not intend to file bankruptcy today or this month, call Julian, Crowder & Shuster for a free face-to-face consultation to discover bankruptcy's advantages. Call 972.315.6222 or send us an e-mail.

At the Lewisville law firm of Julian, Crowder & Shuster, P.C., we find that any negative associations of bankruptcy are far outweighed by the relief that a bankruptcy case will provide. Hire our law firm to achieve a discharge of your debt, to move forward and to get a fresh start.

Bankruptcy law is predictable. After meeting with you and getting all your financial information, attorney David Shuster will be able to assure you of the likelihood of discharging your debt. Debt discharge means that a federal court order is sent to all your creditors, preventing them from ever contacting you or attempting to collect the debt.

Filing Bankruptcy Stops Judgments, Stops Harassment and Stops Wage Garnishments

As soon as you file bankruptcy, you receive the protection of an "automatic stay." The automatic stay prevents creditors from contacting you in any form until the bankruptcy court enters your final discharge order. Read more about stopping creditor harassment.

Get a Federal Court Order to Control Creditors and Discharge Debt

If you are struggling with money worries, you probably feel like your creditors control you rather than the other way around. When you file bankruptcy, a federal judge notifies your creditors of the monthly debt payment amounts they must accept prior to getting the rest discharged (Chapter 13 bankruptcy) or that you have been legally excused from paying your debts by way of a federal discharge (Chapter 7 bankruptcy). Bankruptcy gives you back control over your finances.

You Do Not Pay Taxes on Debt Discharged in Bankruptcy

Why should you file bankruptcy instead of working out deals with your creditors? Did you know that if your creditor waives any debt you owe, you may have to pay taxes on that amount because the IRS treats discharged debt as income? For example, if your credit card company agrees to accept $30,000 as full payment on a $50,000 credit card debt, the company may send you a 1099 form at the end of the year for $20,000, and you may have to pay income tax on that amount.

There is no income tax on debts discharged in bankruptcy, unlike when debts are settled with creditors.

You Begin Rebuilding Your Credit Right Away

A major misconception is that you will not have access to credit after bankruptcy. This is far from the truth. Your life after bankruptcy will likely be better than it is now. You will likely receive offers from some companies like car dealerships and credit card companies to extend you credit even before you complete the bankruptcy process. You will find that credit becomes available much sooner after bankruptcy than you anticipate. We will advise you about the best way to begin using this credit to rebuild your life.

Learn More From a Focused Bankruptcy Lawyer

Our bankruptcy attorney focuses his law practice almost exclusively on bankruptcy law and consumer credit cases. You will receive up-to-date information about the bankruptcy process, what to expect and what the outcome is likely to be.

Schedule a free case evaluation at Julian, Crowder & Shuster: call 972.315.6222 or send us an e-mail.

We are a debt relief agency. We help people file for debt relief under the U.S. Bankruptcy Code.