Bankruptcy Attorney in Plano

Debt Relief Solutions in Collin County and Throughout Texas

It can be easy to feel helpless if you are drowning in debt and see no way out of your current circumstances. At LoBue Law, PLLC, we are deeply compassionate to the uncertainty, stress, and other difficulties that come with mounting debt. 

A better financial future is possible. Our firm was created to help individuals and small businesses combat financial difficulties.

Our no-judgment bankruptcy lawyer in Plano are designed to help you overcome seemingly insurmountable debt and get your life back on track. Our accomplished attorney previously represented banks and has a unique, intimate understanding of how creditors approach bankruptcy.

 No matter the complexity or severity of your case, we have the knowledge, resources, and drive to deliver the relief you need and deserve


Schedule a free initial consultation with our firm to learn more about how our services can help you defeat debt. Call (972) 694-6400 or contact us online today.


What Bankruptcy Can Accomplish

Bankruptcy can confer numerous powerful benefits and protections. Filing for any type of bankruptcy generally triggers the automatic stay, a court order that freezes all collection actions. 

The automatic stay can stop:

  • Foreclosure
  • Repossession
  • Wage garnishments
  • Creditor communications
  • And collection lawsuits

These protections can remain in effect for multiple years in a Chapter 13 bankruptcy, giving you the time and flexibility that you need to reorganize your finances. Completing a bankruptcy filing typically allows you to discharge unsecured debts. 

This can include:

  •  Credit card debt
  • Medical debt
  • Personal loans
  • And unpaid utility bills

Note that you cannot discharge secured debts and can only discharge student loans and tax debt under very limited circumstances. 

Personalized Bankruptcy and Debt Relief Solutions We Can Help Get Your Finances Back on Track
LoBue Law, PLLC LoBue Law, PLLC

Our Bankruptcy Service Areas

Every individual’s debt situation is unique and will require a tailored approach. Many myths and misunderstandings surround bankruptcy, which is why we encourage our clients to review our Bankruptcy 101 and Frequently Asked Questions resource pages. 

Our firm can carefully evaluate your case and determine whether filing for bankruptcy is the appropriate course of action. We can help you understand what to expect and identify what types of debt you may be able to discharge.

  • Dependability
  • Communication
  • Personalization
  • Experience

Our Bankruptcy Services in Plano Include:

Chapter 7 Bankruptcy

This type of consumer bankruptcy is intended for individuals with little to no disposable income and consequently no viable means to settle their debts. 

You will have to pass the Texas Means Test, which calculates your disposable income, to determine whether you qualify. Chapter 7 bankruptcy includes a liquidation process in which nonexempt property is sold to partially repay creditors. 

However, bankruptcy is not a punishment, and you can exempt numerous types of property, including:

  •  Furniture
  • Clothing
  • Electronics
  • Tools
  • And equity in your home and vehicle

Our firm will work to minimize the impact of liquidation and help you understand what you can expect to keep in a Chapter 7 bankruptcy.

Chapter 13 Bankruptcy

The other major type of consumer bankruptcy is meant for individuals who do have current income but are nonetheless face growing debts. Chapter 13 bankruptcy reorganizes and consolidates your debts into a single lump amount you will be expected to pay monthly over a period of 3 to 5 years. 

This monthly payment amount will be determined by your current ability to pay, not by how much you owe. You will be permitted to discharge remaining unsecured debts once you have completed your payment plan. 

We can work to calculate your disposable income and develop a fair and reasonable reorganization plan that will satisfy your creditors and meet all regulatory requirements.

Commonly Asked Questions

What types of property are exempt from liquidation in a Chapter 7 Bankruptcy?

In a Chapter 7 Bankruptcy, you can generally exempt furniture, clothing, electronics, tools, and equity in your home and vehicle from liquidation.

What is the Texas Means Test?

The Texas Means Test is a calculation used to determine if you qualify for filing for Chapter 7 bankruptcy. It calculates your disposable income to see if you are eligible for the type of consumer bankruptcy.

What happens after I file for Chapter 13 Bankruptcy?

After filing for Chapter 13 Bankruptcy, our firm will work to calculate your disposable income and develop a fair and reasonable reorganization plan that will satisfy your creditors. You will be expected to make monthly payments over 3-5 years until all unsecured debts are discharged.

How does my income affect my ability to file for bankruptcy in Plano TX?

Your current ability to pay determines how much you owe each month when filing for bankruptcy in Plano TX rather than how much debt you have accumulated. Our firm can help assess this amount so that it meets all regulatory requirements while also being fair and reasonable.

Bankruptcy Services Continued

Chapter 11 Bankruptcy

The Small Business Reorganization Act (SBRA) makes the Chapter 11 bankruptcy process more accessible to qualifying small business owners. By filing for Chapter 11 bankruptcy through the SBRA, small business owners can maintain ownership of their business entity while creating a plan to address debts.

 The SBRA makes Chapter 11 less expensive and time-consuming while still giving small business owners the tools they need to save their company. We can determine if you qualify for expedited SBRA procedures and help you create a reorganization plan that will pass muster with creditors and the Bankruptcy Court.

Debtor Rights Enforcement

When you fall behind on bills, you may start receiving phone calls from debt collectors. These creditors will sometimes resort to exploitative and unlawful practices to compel you to pay.

 LoBue, Law, PLLC is committed to helping our clients understand and enforce their rights under the Fair Debt Collection Practices Act (FDCPA) and Telephone Collection Practices Act (TCPA).

These federal laws regulate how and when collection agencies can communicate with you. If your rights are violated, you may be entitled to recover compensation.

Bankruptcy Alternatives

Bankruptcy is not necessarily the right choice for everyone. If you do not wish to file for bankruptcy, our firm can help you pursue other debt relief strategies, including debt settlements. This generally involves negotiating directly with your creditors to secure more favorable terms as a means of avoiding bankruptcy. 


No matter the cause of your current financial situation, we offer our bankruptcy services in Plano free of judgment. Contact us online or call (972) 694-6400 to start exploring your relief options.


Contact LoBue Law Today

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