Expertise.com

Best Bankruptcy Attorneys in Irving

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Bankruptcy Attorneys FAQs

Learn more
Akerly Law logo
Visit WebsiteWebsite

Akerly Law

878 S. Denton Tap Rd. Suite 100, Coppell, TX 75019
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Chapter 11 Bankruptcy
  • Corporate Restructuring

Business Description

Akerly Law has been assisting clients with their legal needs in the Coppell and Irving areas since 2018. Its main areas of practice include bankruptcy and restructuring, agricultural law, business litigation, and appeals. The firm's bankruptcy lawyers help small and mid-sized businesses in restructuring their finances if they are experiencing financial issues due to the current economic outlook. Moreover, Akerly Law also guides its clients through the bankruptcy process when the need arises.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Alice Bower Attorney at Law logo
Visit WebsiteWebsite

Alice Bower Attorney at Law

6421 Camp Bowie Blvd, Ste 300, Fort Worth, TX 76116
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Debt Settlement

Business Description

Alice Bower Attorney at Law provides debt relief solutions in the Irving metro. It handles chapters 7 and 13 bankruptcy petitions to help individuals and small businesses who are burdened by debt due to economic changes, unsettled bills, or insufficient profit. Its team of lawyers assists clients in bankruptcy filing, repayment planning, and finance reorganization. Some of its legal services include wage garnishment, judgment liens, and creditor harassment settlement. The firm has been providing personalized legal assistance since 1994.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (103)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Allen Stewart, P.C. logo
Visit WebsiteWebsite

Allen Stewart, P.C.

1700 Pacific Avenue, Dallas, TX 75201
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Allen Stewart, P.C. connects clients to the right kind of legal expert for their particular situation from lemon law attorneys to bankruptcy lawyers. The firm serves individuals and businesses around the Irving and Dallas areas. The bankruptcy lawyers in the firm help clients with chapter 7 and chapter 13 filings. In addition to lemon law and bankruptcy, the firm also deals with cases related to benzene exposure, sinonasal cancer, personal injury, violent crime, and eminent domain.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (196)
Avvo
5.0 / 5 (9)
Facebook
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
––
Detail
––
Crawford, Wishnew & Lang logo
Visit WebsiteWebsite

Crawford, Wishnew & Lang

1700 Pacific Avenue, Dallas, TX 75201
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Crawford, Wishnew & Lang is a boutique litigation law firm serving clients in the Irving area, with bankruptcy lawyers representing clients in any litigation or adversary proceedings involving bankruptcy. The firm defends fraudulent preferences and transfer claims, business disputes, and complex fiduciary matters. Crawford, Wishnew & Lang also handles collateral litigation that involves debtors and objections to discharge, which can prevent or mitigate financial losses for a creditor. The firm represents clients in complex commercial litigation, real estate and construction litigation, and civil appeals.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Crowe & Dunlevy logo
Visit WebsiteWebsite

Crowe & Dunlevy

2525 McKinnon Street, Dallas, TX 75201
Visit WebsiteWebsite
  • Debt Settlement

Business Description

Established in 1902, Crowe & Dunlevy offers legal services to a variety of clients, including individuals and Fortune 500 companies in the Oklahoma City, Irving, and Tulsa areas. The law firm practices in a wide range of areas, including bankruptcy. Its bankruptcy lawyers represent both debtors and creditors in different cases. The law firm works with debtors and creditors in the reorganization of businesses under chapter 11 bankruptcy. It also represents water districts and rural hospitals in chapter 9 bankruptcy proceedings.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Davis, Ermis, & Roberts P.C. logo
Visit WebsiteWebsite

Davis, Ermis, & Roberts P.C.

1521 N. Cooper St., Arlington, TX 76011
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Chapter 11 Bankruptcy

Business Description

Davis, Ermis, & Roberts P.C., is a full-service law office that caters to Irving residents considering filing for bankruptcy. Its lawyers help clients re-establish and maintain their quality of life by providing advice on the appropriate action to take. They evaluate if chapters 7, 11, or 13 bankruptcy is suitable for their circumstances. Founding member and senior attorney Ronald W. Roberts brings over more than 35 years of trial experience handling family law, criminal defense, civil litigation, and business litigation cases.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.2
Google
4.2 / 5 (34)
Avvo
4.3 / 5 (6)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
H.R. Chapin, Attorney & Counselor, PLLC logo
Visit WebsiteWebsite

H.R. Chapin, Attorney & Counselor, PLLC

4301 Alpha Road, Dallas, TX 75244
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Since 2012, H.R. Chapin, Attorney & Counselor, PLLC, has been serving clients in the Irving metro and the surrounding areas. It represents and advises individuals who are seeking debt relief through chapter 7 bankruptcy. This claim helps stop creditors' collection efforts and harassing letters and allows the clients to eliminate their unsecured debts. The firm also handles chapter 13 bankruptcy, which enables debtors to reorganize their financial obligations. Hershel Chapin, the attorney, can speak conversational Spanish and fluent French.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Avvo
5.0 / 5 (84)
Google
5.0 / 5 (17)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Holder Law logo
Visit WebsiteWebsite

Holder Law

901 Main Street, Suite 5320, Dallas, TX 75202
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Holder Law represents individuals, businesses, and small to medium corporations throughout Irving who are in need of bankruptcy counsel. The firm is a debt relief agency under the U.S Bankruptcy Code. It helps clients by providing a thorough evaluation of their financial records and filing chapters 7 and 11 of the Bankruptcy Code on their behalf when appropriate. Areya Holder is appointed as a Chapter 7 Panel Trustee for the Northern District of Texas, Fort Worth Division. She has been practicing law since 1997.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Kane Russell Colman Logan PC logo
Visit WebsiteWebsite

Kane Russell Colman Logan PC

901 Main Street, Dallas, TX 75202
Visit WebsiteWebsite
  • Debt Settlement

Business Description

Kane Russell Colman Logan PC is a law firm dealing with diverse legal needs in Irving. This law company practices in several different areas, including bankruptcy, employment, real estate, and financial services. Its bankruptcy attorneys advocate for creditors' rights, handle bankruptcy proceedings, and assist in distressed assets acquisitions. Moreover, they conduct pre-bankruptcy workouts, file bankruptcy petitions, and aid in debt restructuring processes. Kane Russell Colman Logan PC has helped 40 creditor committees from 19 states.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Leinart Law Firm logo
Visit WebsiteWebsite

Leinart Law Firm

11520 N Central Expy Ste 212, Dallas, TX 75243
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Based in Dallas, Texas, Leinart Law Firm serves clients throughout the Irving metro area and the neighboring communities. It helps clients in filing for bankruptcy, as well as offers legal advice on the best bankruptcy options to take in each particular case. Filing for bankruptcy can help stop foreclosures, halt garnishments, eliminate debt, stop creditor harassment, and give clients not only a fresh start but also peace of mind, and the firm's trusted team of Chapter 7 and Chapter 13 bankruptcy lawyers near Irving assists clients every step along the way.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.3
Google
4.3 / 5 (25)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Lovein Ribman PC logo
Visit WebsiteWebsite

Lovein Ribman PC

1225 S. Main Street Suite 200, Grapevine, TX 76051
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 11 Bankruptcy

Business Description

Lovein Ribman PC represents individuals and businesses in Irving in chapters 7 and 11 bankruptcy cases. It offers creditor representation and bankruptcy litigation. Its bankruptcy lawyers assist in liquidations, workouts, and in and out-of-court restructurings. It also practices employment, healthcare, and construction law. Robert M. Lovein, the firm's managing partner and shareholder, has more than 20 years of litigation experience. He began his career working at an insurance defense firm where he represented Fortune 500 companies.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (111)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Martin Powers & Counsel, PLLC logo
Visit WebsiteWebsite

Martin Powers & Counsel, PLLC

600 E John Carpenter Fwy Ste 234, Irving, TX 75062
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Corporate Restructuring
  • Chapter 11 Bankruptcy

Business Description

Martin Powers & Counsel, PLLC, is a woman-owned boutique law firm that serves clients in Irving. It represents companies and individual creditors in bankruptcy matters under chapters 7, 11, and 13. In addition, it assists with creditors’ rights claims, such as business reorganizations and fraudulent transfer and preference claims. The lawyers of the firm, who are headed by founder Meagan Martin Powers, have advanced degrees in Business Administration and Accounting and have experience in commercial and bankruptcy litigation.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Munsch Hardt Kopf & Harr, P.C. logo
Visit WebsiteWebsite

Munsch Hardt Kopf & Harr, P.C.

500 North Akard Street, Dallas, TX 75201
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Munsch Hardt Kopf & Harr, P.C. is a full-service law firm in Irving that caters to a broad array of legal issues, including bankruptcy. The company provides legal representation to commercial entities like creditors, lenders, creditors' committees, asset purchasers, insurers, and equity holders in bankruptcy cases and insolvency matters. Bankruptcy lawyers at the firm also assist corporate debtors in restructuring operations and creating strategies for financial recovery. Other practice areas include corporate and securities, labor and employment, finance, intellectual property, and tax law.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Nary Law Firm logo
Visit WebsiteWebsite

Nary Law Firm

3010 LBJ Freeway, 12th Floor, Dallas, TX 75234
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Nary Law Firm has more than two decades of experience addressing the bankruptcy needs of individuals, families, and small businesses in Irving and the surrounding areas. The firm frequently handles cases involving chapters 7 and 13 of the federal bankruptcy law for people who are struggling to pay their bills and facing property foreclosure or repossession. Its principal attorney, Len Nary, also takes on cases related to personal injury and wills. The company strives to build strong relationships with clients and does not pass on paperwork to various paralegals.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
5.0 / 5 (10)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Norred Law PLLC logo
Visit WebsiteWebsite

Norred Law PLLC

515 East Border Street, Arlington, TX 76010
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Chapter 11 Bankruptcy
  • Small Business

Business Description

Norred Law PLLC handles bankruptcy cases in Irving. Representing both individuals and businesses, the firm's team of attorneys helps clients file for chapter 7, chapter 11, and chapter 13 bankruptcies. They represent debtors, as well as creditors including banking institutions, investors, landlords, secured lenders, trade creditors, and vendors when it comes to collections, commercial loan documentation, consumer lending, foreclosures, and lender liability. Other areas of law they practice include intellectual property, white hat law, and estate planning.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.7 / 5 (67)
Facebook
5.0 / 5 (23)
Avvo
5.0 / 5 (16)

(+1 additional source)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Powell Law Offices, P.C. logo
Visit WebsiteWebsite

Powell Law Offices, P.C.

2331 Mustang Dr Ste 400, Grapevine, TX 76051
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Corporate Restructuring
  • Chapter 11 Bankruptcy

Business Description

Powell Law Offices PC is a law firm based in Grapevine, Texas, serving clients from the greater Irvine metro area and the communities beyond. The firm focuses on all matters involving bankruptcy law, including Chapter 7 and Chapter 13 filing, as well as creditor harassment. The firm also handles divorce and family law, probate, and estate planning. Attorney Lauren Powell has over 17 years of legal experience and is a member of the National Association of Consumer Bankruptcy Attorneys.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Facebook
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Shuster Law Firm PLLC logo
Visit WebsiteWebsite

Shuster Law Firm PLLC

Hebron Parkway, Suite 303, Lewisville, TX
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Debt Settlement

Business Description

Shuster Law Firm PLLC serves Irving through its bankruptcy attorney David Shuster. Founded in 2005, this firm helps clients regain their financial health. Shuster walks clients through the bankruptcy process, guiding them on the qualifications for filing. His legal representation covers liquidation and reorganization bankruptcies. In addition, he offers debt settlement services for debtors who intend to avoid bankruptcy, negotiating with creditors and stopping harassment. Shuster Law Firm PLLC also handles debt collection defense and personal injury.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (130)
Avvo
5.0 / 5 (11)
Yelp
3.0 / 5 (2)

(+1 additional source)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
The Vida Law Firm PLLC logo
Visit WebsiteWebsite

The Vida Law Firm PLLC

3000 Central Drive, Bedford, TX 76021
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy
  • Chapter 11 Bankruptcy

Business Description

The Vida Law Firm PLLC is a debt relief agency that serves individuals and small businesses in Irving and the surrounding areas. With over seven decades of combined legal experience, its team of attorneys handles cases involving chapters 7, 11, and 13 bankruptcy. The firm helps manage debts such as payroll taxes, bank loans, and back rent. Principal attorney Behrooz Vida is certified as a specialist in consumer and business bankruptcy law. He has been featured in Fort Worth Magazine.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (34)
Facebook
5.0 / 5 (7)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Warren & Migliaccio, L.L.P. Attorneys at Law logo
Visit WebsiteWebsite

Warren & Migliaccio, L.L.P. Attorneys at Law

10440 N Central Expy #800, Dallas, TX 75231
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Business Description

Warren & Migliaccio, L.L.P. Attorneys at Law helps individuals and families in Irving deal with bankruptcy. It handles chapters 7 and 13 bankruptcy cases. It defends clients in lawsuits and negotiates with creditors on their behalf. It also helps restore credit scores. Other practice areas of the firm are debt lawsuit defense and divorce and family law. One of the firm's partners, Christopher Migliaccio, has been a licensed attorney since 2005. He focuses on helping clients navigate federal bankruptcy rules.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7
Google
4.8 / 5 (140)
Facebook
5.0 / 5 (16)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
Wegner Law PLLC logo
Visit WebsiteWebsite

Wegner Law PLLC

9500 Ray White Blvd Suite 200, Keller, TX 76244
Visit WebsiteWebsite
  • Chapter 7 Bankruptcy
  • Debt Settlement

Business Description

Wegner Law PLLC, established in 2014, offers bankruptcy and non-bankruptcy options to consumers in Irving and the surrounding communities. It aids debtors in removing unsecured debts through chapter 7 petitions and settling obligations over the course of three or five years via chapter 13 filings. It also provides a debt settlement program that includes negotiating with creditors and making payments on behalf of clients. The firm is headed by Matthew Wegner, a member of the National Association of Consumer Bankruptcy Attorneys.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Back to Providers

Frequently Asked Questions

What does a bankruptcy attorney do?

Bankruptcy attorneys help clients understand whether they qualify for bankruptcy and what their best options are. They also prepare and file petitions, answer questions during the proceedings, and educate clients about potential best steps for a positive bankruptcy outcome. Bankruptcy attorneys might also file motions or paperwork if creditors dispute the bankruptcy, or to stop creditors from taking collections actions forbidden by the bankruptcy.

What happens when you file bankruptcy?

Bankruptcy is a formal process that individuals, married couples, or businesses can enact when they are no longer able to pay creditors. In a bankruptcy proceeding, filers are allowed to reduce debt to more manageable levels to best pay off money owed.

Once the bankruptcy process is initiated, debt collectors can no longer seek repayments outside of the arrangements detailed in the bankruptcy settlement. Some forms of bankruptcy result in the liquidation of assets to pay back debts, while others allow filers to retain most of their possessions and investments. Many types of unsecured debt can be managed with bankruptcy filings, but not all.

Can you file bankruptcy on student loans?

Under most circumstances, student loans aren't dischargeable and aren't included in bankruptcy proceedings. In rare cases, it may be possible to eliminate student loans through bankruptcy, but only if the courts determine that continuing to pay the loans would impose an undue hardship. Meeting the criteria for undue hardship is challenging, and most bankruptcy filers don't qualify.

What is bankruptcy fraud?

Bankruptcy fraud is a blanket term that refers to any kind of dishonest bankruptcy proceeding, which can include:

  • Hiding assets by transferring them to another person or entity
  • Intentionally omitting assets when reporting to the court
  • Destroying or withholding required documents
  • Knowingly making false statements to bankruptcy trustees or creditors

How long is bankruptcy on public record?

How long bankruptcy stays on public record depends on the kind of bankruptcy filing in question. Chapter 7 bankruptcy remains on the record for 10 years as there isn't necessarily a repayment component. Chapter 13 bankruptcy remains on the record for seven years as some obligations are repaid following filing based on the terms of a discharge settlement.

Does bankruptcy clear tax debt?

Bankruptcy can clear tax debt, depending on the circumstances. Taxes are dischargeable under Chapter 7 bankruptcy, not Chapter 13, and only if the tax debt is:

  • Federal income tax debt related to current properly filed tax returns
  • Honestly incurred with no fraud or evasion
  • At least three years old
  • Assessed at least 240 days before bankruptcy filings

Existing liens are not eliminated with bankruptcy.


Can they take my car in Chapter 7 bankruptcy?

In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.

How bad is it to file bankruptcy twice?

Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.

Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.

Can anyone file bankruptcy?

Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.

How will bankruptcy affect my credit score?

Bankruptcies are noted on credit reports. How much a bankruptcy might drop a person's credit score depends on how high the score was to begin with, but generally speaking, the hit can be as much as 100 to 200 points. Often scores are already dropping because people filing for bankruptcy may have already missed payments on debts. Chapter 13 bankruptcies are listed on credit reports for seven years from the filing date, while Chapter 7 bankruptcies are listed for 10 years from the filing date. This is because Chapter 13 bankruptcies require at least partial payment of debts owed.

What are the benefits of filing for bankruptcy?

Filing a bankruptcy petition causes an automatic stay. This legally stops creditors from taking further action to collect debt, including garnishing wages or foreclosing on property. Going through a bankruptcy successfully means that debts included in the bankruptcy are discharged and don't have to be paid back, except as provided in a Chapter 13 repayment plan. Bankruptcy can help someone recover from financial duress so they can make better decisions and improve financial situations in the future. Disadvantages can include temporary lower credit scores and limitations on spending and financing.

What's the difference between debt settlement and bankruptcy?

Debt settlement occurs when people negotiate with individual creditors. The creditor agrees to take a payment that's lower than what someone owes and call the debt “paid in full.” Bankruptcy is a legal process that causes debts to be dismissed after someone proves they don't currently have the means to pay their debts as owed. Typically, someone can't enter into bankruptcy and also settle some debts, because the court would see that as favoring one creditor over another.

Read all FAQs