AV Preeminent Peer Rated Attorneys
Port Arthur Residents, consider several factors when selecting a lawyer including their experience, expertise, and reputation. AV Rated Attorneys represent a distinguished group of lawyers who have received top ratings from their peers for their exceptional ethical standards and an A grade (4.5 or higher).
AV Preeminent Peer Rated Attorneys
Port Arthur Residents, consider several factors when selecting a lawyer ... Learn More
AV Preeminent Peer Rated Attorneys
Port Arthur Residents, consider several factors when selecting a lawyer including their experience, expertise, and reputation. AV Rated Attorneys represent a distinguished group of lawyers who have received top ratings from their peers for their exceptional ethical standards and an A grade (4.5 or higher).

Law Office of Valecia Tizeno

  • 1239 Waco, Port Arthur, TX 77640

The Parker Law Firm

  • 1 Plaza Square, Port Arthur, TX 77642

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Looking for Bankruptcy Lawyers in Port Arthur?

Bankruptcy lawyers help individuals and businesses find relief from overwhelming debt. They analyze your financial situation and guide you through processes like Chapter 7 liquidation or Chapter 13 reorganization. Their goal is to stop creditor harassment, protect your assets, and provide a legal path to a fresh financial start.

About our Bankruptcy Lawyers Ratings

The average lawyer rating is created by peers based on legal expertise, ethical standards, quality of service, and relationship skills. Recommendations are made by real clients.

CLIENT RECOMMENDED
100 %

3 Client Reviews

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8 Peer Reviews

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Commonly Asked Bankruptcy Questions From Users Near You

This information is not legal advice and is not guaranteed to be correct, complete or up-to-date. It is provided for general informational purposes only. If you need legal advice you should consult a licensed attorney in your area.

What will happen to my 20 foot trailer if I filed chapter 7?

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Answered by attorney Kathryn Ursula Tokarska (Unclaimed Profile)
Bankruptcy lawyer at Law Offices of Kathryn Tokarska
The answer depends. Do you have equity in the trailer? Often, when items are brought on credit there is very little equity, if any, at the beginning of the loan. If so, can it fit into one of the California exemptions: vehicle, wildcard, tools of trade? The last one may be applicable if the item is used as a tool in business. You say you are using the trailer to transport items for others and earning money for doing so.
The answer depends. Do you have equity in the trailer? Often, when items are brought on credit there is very little equity, if any, at the beginning of the loan. If so, can it fit into one of the California exemptions: vehicle, wildcard, tools of trade? The last one may be applicable if the item is used as a tool in business. You say you are using the trailer to transport items for others and earning money for doing so.
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Is retirement money safe in bankruptcy?

Marjorie A. Guymon
Answered by attorney Marjorie A. Guymon
Bankruptcy lawyer at Goldsmith & Guymon, P.C.
If your retirement account is a federally approved, tax deferred account, such as an IRA or 401k, it is exempt.
If your retirement account is a federally approved, tax deferred account, such as an IRA or 401k, it is exempt.

Is there any possible way to keep a car when filing a chapter 7?

Michael O'Leary
Answered by attorney Michael O'Leary
Bankruptcy lawyer at Hayward, Parker O'Leary
The fate of your vehicle would depend upon the amount of equity that you have in the vehicle. You do not indicate the car's value, so I cannot do the math for you, but in a great many instances a New York resident can exempt up to $16,000.00 equity in a vehicle, due to the generous federal wildcard exemption. You should contact experienced bankruptcy counsel to discuss this matter.
The fate of your vehicle would depend upon the amount of equity that you have in the vehicle. You do not indicate the car's value, so I cannot do the math for you, but in a great many instances a New York resident can exempt up to $16,000.00 equity in a vehicle, due to the generous federal wildcard exemption. You should contact experienced bankruptcy counsel to discuss this matter.
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