The sudden and dramatic downturn in the nation’s economy beginning during the last quarter of 2008 has adversely affected everyone, whether they are involved in big business or in simply holding a job and providing for their families.  And even those not directly involved in stock market investment have been hurt by the downward spiral that has been experienced on Wall Street.

Times also have gotten bad for mortgage companies, credit card companies, banks and others engaged in the business of carrying credit accounts and making loans.

What all this means is that more and more people are chasing fewer and fewer dollars.  As a result, creditors are harassing debtors; debtors are facing foreclosure of their homes and repossession of their vehicles and other possessions; and a general feeling of panic pervades both the board rooms of giant corporations and the living rooms of ordinary Americans.

The Weaver Law Firm understands the dynamics of the current economic crisis, and we can offer practical and oftentimes immediate solutions to the economic and financial problems facing ordinary Texans. 

We will carefully evaluate your individual financial situation and offer alternatives ranging from debt re-negotiation, debt re-organization, financial planning, asset protection and, if required, bankruptcy.

With the help of The Weaver Law Firm, you can take back control of your financial future. 

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

Is Bankruptcy Right for You?

• Do you have a high amount of unsecured debt, including credit cards?
• Are you unable to reduce your total debt most months?
• Is your property going to be foreclosed on?
• Is the repo man looking for your car?
• Are your creditors harassing you?
• Do you owe medical bills?
• Do you have any judgments against you?
• Are you having IRS problems?

If you have answered “Yes” to any of these questions, Bankruptcy may be your best option. To find out now, call The Weaver Law Firm for a free evaluation.

Who Qualifies for Bankruptcy?

Qualification for bankruptcy varies by individual and situation, but generally, if your income does not cover reasonable living expenses and payments to your creditors, you will qualify. Although each case must be evaluated on its own merits, if you are struggling to pay your bills on time or if you are delinquent in making your payments, you may qualify for bankruptcy. Qualifications for Chapter 7 bankruptcy and qualifications for Chapter 13 bankruptcy differ, and The Weaver Law Firm can help you find the best solution for you, so call us today for free evaluation. You can make a fresh start – starting today.

   Benefits of Bankruptcy         

Both debtors and creditors benefit from federal Bankruptcy Law, because debtors get debt relief, and creditors often get to collect some of the debts owed.

Most consumers seek relief under either Chapter 7 or Chapter 13 of the Bankruptcy Code. Although each situation is different, a person with few or no valuable assets would prefer Chapter 7 because it involves a liquidation of most or all assets. Chapter 13 bankruptcy is a reorganization of debts where the debtor and creditors must accept new terms for debt repayment.

We can help stop creditor harassment immediately. You will be able to worry about your job and family again. We can stop most foreclosures, repossessions, lawsuits, and garnishments.

Should I File for Bankruptcy?

The decision to file for bankruptcy is a difficult one, and extremely personal. Take this short quiz to find out if bankruptcy might be the solution to your debt problems.

• You only pay the minimum due on your debts each month
• You have used a credit card to buy groceries or gasoline
• You have used a credit card for a cash advance at least once in the past year
• You are at or near the limit of your credit lines
• You are unsure of the exact amount you owe
• You have less than $500 combined in all of your bank accounts at the end of the month
• You have skipped a payment on at least one credit card within the past six months
• You receive telephone calls at home or at work from bill collectors
• You screen your telephone calls so you don't have to talk to bill collectors
• You argue with family members about money
• You worry about paying your debts
• If you were out of work for more than two months you would be unable to pay your rent unless you received unemployment or assistance from a family member or friend

If you have answered “yes” to as many as three of the above questions, Bankruptcy may be a viable option for you. To find out, call us for a free consultation and evaluation. Do it now! TAKE ACTION to TAKE CONTROL of your financial well being.

True or False?

Bankruptcy relief is no longer available
FALSE - Despite a tremendous amount of misinformation concerning the 2005 reforms to the bankruptcy code, very little has changed concerning the individual's ability to seek financial relief.

Everyone will know I have filed for bankruptcy
FALSE - Unless you are a prominent person or a major corporation and filing is picked up by the media, the chances are very good that the only people who know about the filing are your creditors. While it is true that bankruptcy is a public legal proceeding, the numbers of people filing are so massive, very few publications have the space, the manpower or the inclination to run all of them.

All debts are wiped out in a Chapter 7 bankruptcy
FALSE - Certain kinds of debt cannot be erased. They include child support, alimony, student loans and debts incurred as the result of fraud. If you have defrauded someone and a judgment has been made against you, that won't be discharged either.

I will lose everything I have
FALSE - This is the misconception that keeps people who really should file for bankruptcy from filing. While bankruptcy laws vary from state to state, every state has exemptions that protect certain kinds of assets, such as your house, your car, money in qualified retirement plans, household goods, and clothing. Most people will keep everything they have.

I will never get credit again
FALSE - Quite the contrary. It won't be long before you are getting credit card offers again. They will just charge you very high interest rates. On the other hand, if you are planning on purchasing a home or a car, you might want to do so prior to filing. These will be tougher to get after you file and the impact of even a single point of interest may be significant.

If you are married, both spouses have to file for bankruptcy
FALSE - Whether one or both spouses seek relief is a function of the type of debt owed and whether the debtor(s) live in a community property state. In many instances, only a spouse need to seek bankruptcy relief.

Only deadbeats file for bankruptcy
FALSE - Most people file for bankruptcy after a life-changing experience, such as divorce, the loss of a job or a serious illness. They have struggled to pay their bills for months and just keep falling further behind.

I can max out all my credit cards, file for bankruptcy and never pay for the things I bought
FALSE - Simply put, borrowing money without the intent to repay is called FRAUD and is not dischargeable. Bankruptcy relief is intended for the honest, but unfortunate debtor.