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ALVA WESLEY THOMAS  &  ASSOCIATES P.C.

We offer free consultations.

 Houston Bankruptcy Attorney

 

Alva Wesley-Thomas & Associates, P.C., is a valuable resource for Texans looking for reliable information about debt relief. We offer dedicated legal counsel and representation when debt has become overwhelming. Bankruptcy can provide a much-needed financial "fresh start" in a time of debt crisis.


Chapter 7 Bankruptcy · Chapter 13 Bankruptcy · Hope for Texans Overwhelmed by Debt


"At the end of the seventh year you are to cancel the debts of those who owe you money." Deuteronomy 15:1

Bankruptcy as a source of relief for debtors has a long, distinguished tradition. A seven-year cycle of debt cancellation is described in the Old Testament, written more than 5,000 years ago. As Christian attorneys, we strongly believe that it was never God's intention for people to go through circumstances beyond their control — divorce, job loss, identity theft, staggering medical bills or disability — with no hope of a new beginning.


Founders of the United States made provisions for bankruptcy in the U.S. Constitution. Many well-known, accomplished Americans, including Abraham Lincoln, Henry Ford and P.T. Barnum (of Barnum & Bailey Circus fame), to name just a few, have filed bankruptcy throughout our nation's history.


There is no shame in considering all legal options when debt is out of control. Most people who file bankruptcy are able to do so discreetly. Chances are good that a friend, neighbor, relative or co-worker of yours has filed bankruptcy, too.

Discuss with a caring, compassionate and experienced bankruptcy law attorney any questions you may have. Contact us by phone or e-mail. Go over your financial situation and explore the possibility of bankruptcy as a solution. Through a required means test, determine which type of bankruptcy is right for you:

Alva Wesley-Thomas & Associates, P.C., offers you a free initial consultation.


Serving Houston and Surrounding Areas, Including Stafford and Missouri City, Texas · Debt Relief Lawyer · Ready to Advise and Assist Debtors in Need of Relief


A caring, compassionate Houston bankruptcy lawyer with nearly 35 years of experience, attorney Alva Wesley-Thomas is here to help you find the way to debt relief. The law firm also handles personal injury representation and provides advice on other legal matters. Schedule a free initial consultation regarding your needs or concerns, such as home foreclosure or protection from debt collectors. Call 713-278-0800 or e-mail our law offices. You can count on a compassionate, respectful response.

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

 

 

From law offices in Houston, Alva Wesley-Thomas & Associates, P.C., serves clients throughout Harris County, Fort Bend County and Montgomery County, in area communities, including Sugar Land, Katy, Pearland, Lake Jackson, Friendswood, Clear Lake, Pasadena, Baytown, The Woodlands, Cypress, Spring, Stafford, Missouri City and Kingwood, Texas. Copyright © 2020 by Alva Wesley-Thomas & Associates, P.C.     All rights reserved. Disclaimer. Privacy Policy.


713.278.0800

Alva Wesley Thomas & Associates, P.C.

Caring, Compassionate, Competent


Houston Consumer Bankruptcy Attorney

 Alva Wesley-Thomas & Associates, P.C., is primarily a consumer bankruptcy law firm that also handles other legal matters, including personal injury. Houston consumer bankruptcy lawyer Alva Wesley-Thomas invites potential clients to call or e-mail the law offices to schedule a consultation regarding any of the following:

Bankruptcy: One of the first steps in determining whether bankruptcy is right for you is to discuss your situation frankly and openly with a caring, compassionate and knowledgeable lawyer. For three decades, Alva Wesley-Thomas & Associates PC has provided a listening ear along with customized education for consumers that allows potential clients to make this important decision fully informed.


Chapter 7 Bankruptcy


If you qualify for a Chapter 7 bankruptcy, it may well be in your best

interests to prepare to file this type of case. Chapter 7 bankruptcy

can wipe out most or all of your consumer debt, including credit

cards, installment loans and medical debts. Discuss with a

knowledgeable attorney whether Chapter 7 bankruptcy is a good

option for you and how to prepare to file. A Chapter 7 bankruptcy

takes a few months to complete, in most cases.


Chapter 13 Bankruptcy:

If you have a steady income, have substantial home equity or have

back child support payments or income tax payments to get caught

up on, these may be good indicators that Chapter 13 bankruptcy,

rather than Chapter 7, will be the most appropriate form of debt

relief for you. In most cases, you will still be freed of large amounts

of consumer debts. A Chapter 13 bankruptcy takes three to five

years to complete.


Questions about bankruptcy:Houston consumer bankruptcy lawyer Alva Wesley-Thomas welcomes your questions. Filing bankruptcy is a serious legal and financial step, not to be taken lightly. You may find answers to some of your questions on this website. We can better customize our answers to your questions through a conversation about your particular financial situation.


  From law offices in Houston, Alva Wesley-Thomas & Associates, P.C., serves clients throughout Harris County, Fort Bend County and Montgomery County, in area communities, including Sugar Land, Katy, Pearland, Lake Jackson, Friendswood, Clear Lake, Pasadena, Baytown, The Woodlands, Cypress, Spring, Stafford, Missouri City and Kingwood, Texas. Copyright © 2020 by Alva Wesley-Thomas & Associates, P.C.     All rights reserved. Disclaimer. Privacy Policy.  


MEET THE TEAM

  Alva Wesley-Thomas 

Attorney Alva Wesley-Thomas grew up in a small town near Longview, Texas, where people believed in hard work and family values. Ms. Thomas studied at Bates College of Law and Thurgood Marshall School of Law, receiving her Juris Doctorate in May 1983. Realizing from personal experiences and consultations with clients that financial hardship is not a respecter of persons, she began her law practice in the area of consumer bankruptcy in 1983 with a desire to help others. In addition to Ms. Thomas' private practice, she was employed by the Supreme Court of Texas for more than 20 years.To discuss your financial challenges as you seek to determine whether Chapter 7     bankruptcy or Chapter 13 bankruptcy is the right path to debt relief in your case, contact the law firm of Alva Wesley-Thomas & Associates, P.C. 

Rick Carter

Rick Carter , of Counsel, graduated from the United States Naval Academy with a degree in mathematics. After serving in the United States Marine Corps, Rick obtained a Juris Doctorate from Thurgood Marshall School of Law at Texas Southern University. Rick has over 20 years of experience representing consumers and small businesses in the Federal Bankruptcy Court. Rick is knowledgeable, compassionate and well respected in his field and goes beyond what is often expected to help clients either reorganize their finances or get a fresh start.

Robert Tamez

Robert joined the law firm of Alva Wesley-Thomas & Associates, P.C. in 2016 as the Senior Paralegal and has over 18 years of experience in the area of bankruptcy law.  Prior to joining the firm, Robert worked as a senior paralegal for several high volume bankruptcy law firms and assisted in the filing of thousands of bankruptcy cases.  Robert's experience allows him to assist the attorneys with the firm with processing each client's file with efficiency and accuracy while offering clients the reassurance that their files are in capable hands.  Robert was born and raised in Texas and has been a resident of the Houston area for over 40 years.  Robert is active with the Houston Paralegals Association and is always diligent in keeping up with the ever changing bankruptcy rules, requirements, and forms in order for the firm to provide clients with the most knowledgeable and efficient representation available.


 Anjanae Owens

(Angie)  

Anjanae Owens (Angie) is a Receptionist/Clerical Assistant with the law firm of Alva Wesley-Thomas & Associates, P.C. Angie’s years of experience in the retail environment have given her the skills needed to communicate with others and provide exceptional service that ensures efficient feedback to clients’ inquiries as well as a warm and compassionate response to potential clients. In addition to retail experience, Angie also has years of experience working in the family owned business.  Angie loves animals and is a former member of the Fort Bend F.F.A. program.  She also has performed volunteer work throughout Fort Bend County and Europe for various organizations.


713.278.0800


Practice Areas

Bankruptcy

 
Financial Pressures Sometimes Overwhelm Good People · and Create a Need for Debt Relief

In the past decade, our country has experienced great economic upheavals affecting many honest people. Prices of commodities, such as gasoline, have risen significantly. Home prices rose and then fell, leaving many homeowners with "negative equity" (owing more than their homes are worth). Layoffs and a lending crisis that affected many businesses compounded the problems.

In fact, however, financial troubles have struck many people both in times of plenty and in times of recession. Medical bills, divorce, business failure and dramatically rising interest rates on credit cards have forced many debtors to consider Chapter 7 or Chapter 13 bankruptcy as an option, regardless of the state of the economy overall.


Are You Struggling With Overwhelming Debt? You Are Not Alone.

Most people want to pay their debts as promised. Some people facing large debts take on second jobs, borrow from family members, sell assets and look into debt consolidation or debt settlement as options — only to discover sooner or later that these schemes deliver too little help, too late. "Borrowing from Peter to pay Paul" cannot address the root of the problem and make the difference that they need.

"Foreclosure" and "bankruptcy" have become new household words for many hardworking people who had never dreamed they would hit rock bottom someday. These and other financial pressures lead many people to seek true debt relief. Bankruptcy is a perfectly legal option for debtors who qualify. It can provide the fresh start that many debtors need to get back on their feet.


Get a Fresh Start and Rebuild Credit

It is important to realize, however, that bankruptcy does not need to spell complete financial ruin. With a renewed focus on financial self-discipline following debt relief through bankruptcy, it can provide the fresh start and clean slate that many overwhelmed debtors need to recover. You can rebuild your credit and save for the future with the great burden of debt off your back.


Bankruptcy Law Reforms Did Not Eliminate This Path to Debt Relief

The Bankruptcy Reform Act became effective on October 17, 2005. It is important to note, however, that while there are new rules affecting your ability to get out of debt, the right to get debt relief has not been eliminated. If you have been victimized by divorce, job loss, medical bills or disability, and feel that you can't take the pressure of one more day, immediate relief from creditor harassment is available. The calls will stop, and you can eliminate the worry about repossession of your car or foreclosure on your home.


Caring and Compassionate · Serving Area Communities, Including Stafford and Missouri City, Texas: Chapter 7 Bankruptcy Attorney · Chapter 13 Bankruptcy Lawyer

If you are experiencing financial hardship, contact the law office of Alva Wesley-Thomas & Associates, P.C., for a free initial consultation with a Christian Houston bankruptcy law attorney who truly cares. We are here to answer your questions and help you get debt relief underway as expeditiously as possible if it is the right decision in your case to file bankruptcy.

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

 

 


713.278.0800

Complex Bankruptcy

Serving Higher Income Clients and Business Owners in Texas 

Going Out of Business

There are many myths about how bankruptcy law applies to high income families, self-employed individuals and businesses. As a result, many individuals and small business owners fail to take full advantage of the opportunities available to help them resolve issues with their debts.

At the law firm of Alva Wesley-Thomas & Associates, our Houston complex bankruptcy attorneys provide skilled guidance to higher income and business clients. We will help you identify your options and pursue the best possible outcome so your family or business can make a fresh start.

The Experience to Resolve Complex Financial and Asset Issues

Our attorneys are frequently referred cases by other bankruptcy law firms due to our experience addressing complex financial and asset circumstances, including the following:

  • Short sales of real estate
  • Second homes and investment properties
  • Business debts and personal guaranties
  • Federal and state tax debts and liens

Many people mistakenly believe that individuals with higher incomes are not eligible for Chapter 7 bankruptcy or that the only option for businesses is the relatively complex process of Chapter 11 bankruptcy. Our attorneys can make sure you are fully aware of all of your choices.

Debtor Rights Attorneys · Houston, Sugar land, Clear Lake, The Woodlands

Businesses and higher income individuals face problems with creditors every day, and, in many cases, bankruptcy offers solutions. To schedule a business consultation with our experienced attorneys, please contact us at 713-278-0800 or by e-mail.



713.278.0800

Bankruptcy FAQ

Chapter 7 bankruptcy, sometimes called straight bankruptcy is a liquidation proceeding. The debtor turns over all non-exempt property to the bankruptcy trustee who then converts it to cash for distribution to the creditors. The debtor receives a discharge of all dischargeable debts, usually within four months. Note: In the vast majority of cases, a debtor who qualifies for Chapter 7 bankruptcy has no assets to lose not covered by exemptions, so this option can provide a relatively painless "fresh start."


WHAT IS A CHAPTER 13 BANKRUPTCY?

Chapter 13 bankruptcy is also known as a reorganization bankruptcy. Individuals who want to pay off their debts over a period of three or five years file chapter 13 bankruptcy. This type of bankruptcy appeals to individuals who have non-exempt property that they want to keep. It is also only an option for individuals who have predictable income and whose income is sufficient to pay their reasonable expenses with some amount left over to pay off their debts.

One of the main purposes of bankruptcy legislation is to afford the opportunity to a person who is hopelessly burdened with debt to free himself of the debt and start a "fresh new lease on life."


WILL MY CREDITORS STOP HARASSING ME?

If it is your first Chapter 13 case, by law all actions against a debtor must cease once the documents are filed. If it is your second Chapter 13 bankruptcy within one year, all actions must cease for 30 days. The 30 days may be extended by a court order after notice and hearing. If you have filed two or more case within the last year, there is no "stay" until it is granted by the Court after a hearing. If the stay is granted, creditors cannot initiate or continue any lawsuits, wage garnishes, or even telephone calls demanding payments. Secured creditors such as banks holding, for example, a lien on a car, will get the stay lifted if you cannot make payments.


WILL MY SPOUSE BE AFFECTED?

In most states, a wife or husband will not be affected by a bankruptcy if they are not responsible (did not sign an agreement or contract) for any of the debt. If they have a supplemental credit card, they are probably responsible for the debt.

However, in community property states, either spouse can contract for a debt with the other spouse's signatures on anything, and still obligate the marital community. There are a few exceptions to that rule, such as the purchase or sale of real estate; those few exceptions do require spouses to have signed.

WHAT IS CHAPTER 7 BANKRUPTCY?

Chapter 7 bankruptcy, sometimes called straight bankruptcy is a  liquidation proceeding. The debtor turns over all non-exempt property to the bankruptcy trustee who then converts it to cash for distribution to the creditors. The debtor receives a discharge of all dischargeable debts usually within four months. In the vast majority of cases the debtor has no assets that he would lose so Chapter 7 give that person a relatively quick "fresh start."

However, in community property states, either spouse can contract for a debt with the other spouse's signatures on anything, and still obligate the marital community. There are a few exceptions to that rule, such as the purchase or sale of real estate; those few exceptions do require spouses to have signed.

WHO WILL KNOW?

Bankruptcy filings are public records. However, under normal circumstances, no one will know you went bankrupt. The Credit Bureaus will record your bankruptcy and it will remain on your credit record for 10 years.

WHAT ARE THE MOST COMMON REASONS FOR CHAPTER 7 BANKRUPTCY?

The most common reasons for filing bankruptcy are:

  1. Unemployment
  2. Large medical bills
  3. Seriously overextended credit
  4. Marital problems, and
  5. Other large unexpected expenses

CAN I KEEP MY CREDIT CARDS?

Whether a debtor keeps credit cards after filing bankruptcy is up to the credit card company. If you are discharging a credit card they will cancel the card unless you reaffirm the debt. Even if you have a 0 balance the credit card company might cancel the card.

WILL I EVER GET CREDIT AGAIN?

Yes! A number of banks now offer "secured" credit cards where a debtor puts up a certain amount of money (as little as $200) in an account at the bank to guarantee payment. Usually the credit limit is equal to the security given and is increased as the debtor proves his or her ability to pay the debt.

Two years after a bankruptcy discharge, debtors are eligible for mortgage loans on terms as good as those of others, with same financial profile, who have not filed bankruptcy. The size of your down payment and the stability of your income will be much more important than the fact you filed bankruptcy in the past.

The fact that you filed bankruptcy stays on your credit report for 10 years. It becomes less significant the further in the past the bankruptcy is. The truth is, that you are probably a better credit risk after bankruptcy than before.

CAN MY BOSS FIRE ME FOR FILING BANKRUPTCY?

No. U.S.C. Sec. 525 prohibits any employer from discriminating against you because you filed bankruptcy.

I WAS BANKRUPT BEFORE; WHEN CAN I FILE AGAIN?

A person can file Chapter 7 again if it has been more than 8 years since he or she was discharged from the previous Chapter 7 bankruptcy

HOW DO I GO INTO BANKRUPTCY?

There are two ways a person can become a bankrupt. The first and more common way is to have the person file a petition to voluntarily go bankrupt.

The second, and rarely used way is for creditors to ask the Court to make an Order that a person is bankrupt. In both these cases, a Bankruptcy Trustee is required to administer the bankruptcy.

WHAT IS A CHAPTER 13 BANKRUPTCY?

Chapter 13 bankruptcy is also known as a reorganization bankruptcy. Individuals who want to pay off their debts over a period of three or five years file chapter 13 bankruptcy. This type of bankruptcy appeals to individuals who have non-exempt property that they want to keep. It is also only an option for individuals who have predictable income and whose income is sufficient to pay their reasonable expenses with some amount left over to pay off their debts.

One of the main purposes of bankruptcy legislation is to afford the opportunity to a person, who is hopelessly burdened with debt, to free himself of the debt and start a "fresh new lease on life."

WILL MY CREDITORS STOP HARASSING ME?

If it is your first Chapter 13 case, by law all actions against a debtor must cease once the documents are filed. If it is your second Chapter 13 bankruptcy within one year, all actions must cease for 30 days. The 30 days may be extended by a court order after notice and hearing. If you have filed two or more case within the last year, there is no "stay" until it is granted by the Court after a hearing. If the stay is granted, creditors cannot initiate or continue any lawsuits, wage garnishes, or even telephone calls demanding payments. Secured creditors such as banks holding, for example, a lien on a car, will get the stay lifted if you cannot make payments.

WHAT DO I KEEP?

In a bankruptcy, assets in excess of your allowed personal exemptions, or non-exempt assets, such as rental property, or more than the allowed number of vehicles, the trustee will liquidate to pay creditors.

WHAT ARE THE KEY OR MAJOR EVENTS IN THE BANKRUPTCY PROCESS AND WHEN WILL THE BANKRUPTCY BE OVER?

Pre-petition – (Before Filing) Individuals must have credit counseling within 180 days of filing from an approved counseling service.

Day 1: The Bankruptcy documents are filed with the Bankruptcy Court. In most cases, there is an immediate stay so that most actions by creditors are prevented, wages cannot be garnished, legal actions cannot be continued. (See exceptions on page 1)

Day 14: Creditors are advised by the clerk that a petition has been filed.

Day 35 or later: A meeting of creditors is held at the Court ("The 341 meeting")

The debtor must attend this meeting. If they attend, they only have a few minutes to ask questions.

The trustee assigned to the case presides. The meeting is either tape recorded or recorded by a court reporter. The trustee ask you questions under oath such as:

  1. Did you read the schedules before signing?
  2. Did you list all of your assets?
  3. Did you list all of your debts?
  4. Are the schedules accurate?
  5. Do you want to make any corrections to the schedules?
  6. Are your cars insured?
  7. Have you destroyed your credit cards?

The trustee either orally, or by giving the debtor written information, will insure that the debtor is aware of: The effect on credit history, the effect of receiving a discharge; the effect of reaffirming a debt; the ability to file a petition under a different chapter.

Note: The typical creditor meeting lasts about 4 to 5 minutes

Day 20-30 and After:

The trustee will sell any non-exempted assets available for the benefit of the creditors.

The trustee has authority to:

  • Pursue causes of action (lawsuits belonging to the debtor);
  • Set aside preferential transfers made to creditors within 90 days before filing the petition,
  • Undo security interests and other pre-petition transfers of property that were not properly perfected.

Day 90 (after the 341 meeting):

Unsecured creditors must have filed their proof of claims.

Day 60-90 (after the 341 meeting)

Chapter 7 and Chapter 13 debtors must have a financial management course before they can receive a discharge.

The debtor is discharged and all debts (with some exceptions) are written off.

More than 99% of the debts are discharged.

WHAT IS CHAPTER 13 AND WHEN CAN IT BE USED?

Individuals may file Chapter 13 bankruptcy petitions if they:

Reside, have a domicile, a place of business, or property in the United States, or a Municipality; have a source of regular income; and on the date of the petition is filed owe less than $307,675 in unsecured debts and less than $922,975 in secured debts. Note: The amount given here are 2005 amounts. They are regularly adjusted to keep up with the cost of living.

Corporations and partnerships may not file a Chapter 13 bankruptcy petition.

If you filed a prior bankruptcy petition and the prior proceeding was dismissed within the last 180 days, you may not be able to file a second petition and should check 11 U.S.C. sec 109(g).

If you got a discharge in a prior Chapter 13 bankruptcy, you may not get another discharge in a Chapter 13 bankruptcy for 2 years.

The following debts are not erased in both Chapter 7 and Chapter 13. If you file for Chapter 7, these will remain when your case is over. If you file for Chapter 13, these debts will have to be paid in full during your plan. If they are not, the balance will remain at the end of your case.

  • Debts you forgot to list in your bankruptcy papers, unless the creditors learn of your bankruptcy case.
  • Child support and alimony
  • Debts for personal injury or death caused by intoxicated driving
  • Debts for willful and malicious injury to property
  • Student loans, unless it would be an undue hardship for your to repay;
  • Fines and penalties imposed for violating the law, such as traffic tickets and criminal restitution, and
  • Recent income tax debts and all other tax debts. This is a complicated area of the bankruptcy law and an attorney should be consulted.

You can discharge (wipe out) debts for federal income taxes in a Chapter 7 and Chapter 13 only if all of the following five conditions are met:

  • The IRS has not recorded a tax lien against your property. (If all other conditions are met, the taxes may be discharged, but even after bankruptcy, the lien remains against all property you owned on the date of filing, effectively giving the IRS a way to collect.
  • You didn't file a fraudulent return or try to evade paying taxes.
  • The liability is for a tax return (not a Substitute Return) actually file at least two years before you file bankruptcy.
  • The tax return was due at least three years ago.
  • The taxes were assessed (you received a notice of assessment of federal Taxes from the IRS) at least 240 days (eight months) before you filed for bankruptcy. (11 U.S.C. sec 523 (a)(1)).

In addition, the following debts may be declared non-dischargeable in a Chapter 7 but may be discharged in a Chapter 13:

  • Debts incurred on this basis of fraud, such as lying on a credit application
  • Credit purchases of $500 or more for luxury goods or services made within 90 days of filing;
  • Loans or cash advances of $750.00 or more taken within 70 days of filing;
  • Debts from willful or malicious injury to another person's property.
  • Debts from embezzlement, larceny or breach of trust;
  • Debts incurred to pay non-dischargeable tax obligations; and
  • Debts arising from property settlements in divorce or separation proceedings.

Call 713-278-0800 or e-mail Alva Wesley-Thomas & Associates, P.C., to schedule a consultation regarding your financial problems and bankruptcy as an option for debt relief.

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


713.278.0800

Chapter 7

Chapter 7 bankruptcy is sometimes called "straight bankruptcy" or "liquidation" bankruptcy. By definition, "liquidation" means that a debtor's assets will be sold and proceeds will be used to pay off creditors. In fact, however, most people who qualify for Chapter 7 do not have any assets to liquidate after exemptions are taken into account. Most Chapter 7 bankruptcy filers are able to keep their assets while freeing themselves of burdensome debt.

Discuss Your Case With a Knowledgeable, Compassionate, Caring Houston Chapter 7 Bankruptcy Attorney

Even if you do not believe that you can afford an attorney's fees to file bankruptcy, we urge you to consult with a caring, compassionate lawyer sooner rather than later if you are considering bankruptcy as an option. We offer free initial advice to potential bankruptcy filers such as:

  • Do not tap into your retirement accounts to get your hands on cash for short-term use. Retirement resources are important for your future, and they are protected in bankruptcy.
  • Do not make use of home equity loans to boost your available cash as debt becomes overwhelming. Doing this can prolong your financial problems and make bankruptcy more complicated than it needs to be.
  • Once you have decided to file bankruptcy, do not use your credit cards.
  • Do not attempt to pay off a loan to a family member before consulting with an attorney.
  • Do not attempt to hide debts from a bankruptcy court — or from a bankruptcy lawyer whom you consult with.

Each individual's financial and legal circumstances are unique. No one looking at this website or any other general information about bankruptcy should attempt to analyze his or her own qualifications or readiness for Chapter 7 bankruptcy without consulting an experienced lawyer. Bankruptcy is a powerful form of debt relief. It is also a complex area of the law.

Will I Lose My Car, My House or Other Possessions in a Chapter 7 Bankruptcy? Usually, No!


At Alva Wesley-Thomas & Associates, P.C., our years of

experience allow us to provide efficient, effective legal counsel to people in need of a fresh start through bankruptcy. However, we do not take shortcuts. Let us evaluate your case and determine whether Chapter 7 bankruptcy is right for you. We can share with you how you may be able to keep your house and keep your car if it is in your best interests to hang onto those assets along with monthly payments for them.

Bankruptcy Law Firm Serving Houston and Surrounding Communities · Stafford and Missouri City, Texas · Credit Card Debt Relief Attorney Offers Free Consultations

One of the most attractive outcomes of Chapter 7 bankruptcy for many debtors is credit card debt relief. What about cash in the bank? Talk to an experienced bankruptcy law attorney at Alva Wesley-Thomas & Associates, P.C., for personalized answers to this and other questions you may have about Chapter 7 or Chapter 13 bankruptcy.

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

From law offices in Houston, Alva Wesley-Thomas & Associates, P.C., serves clients throughout Harris County, Fort Bend County and Montgomery County, in area communities, including Sugar Land, Katy, Pearland, Lake Jackson, Friendswood, Clear Lake, Pasadena, Baytown, The Woodlands, Cypress, Spring, Stafford, Missouri City and Kingwood, Texas. 
  Copyright © 2020 by Alva Wesley-Thomas & Associates, P.C.     All rights reserved. Disclaimer.  Privacy Policy 

Chapter 13

Chapter 13 bankruptcy is known as "debt reorganization" bankruptcy. It takes three to five years to complete. A required means test will help determine whether you qualify for Chapter 7 bankruptcy or whether Chapter 13 bankruptcy is right for you.

There are a number of reasons why debtors may reach the decision to file Chapter 13 bankruptcy. By filing Chapter 13 bankruptcy, you may be able to repay past due mortgage payments over time, along with portions of your other debts.

Stop Foreclosure in Stafford or Missouri City, Texas · 

Attorney Can Advise You on Ways to Keep Your Home or Free Yourself From a Burdensome Mortgage

Many debtors turn to Chapter 13 as a way to stop foreclosure and buy time to reorganize their finances. Filing bankruptcy puts into effective an automatic stay, which is a legal barrier to creditors seeking to collect debts. This includes mortgage lenders. If you are able to keep current on mortgage payments going forward, you may keep your home while going through Chapter 13 bankruptcy.

However, some mortgage holders decide that walking away from a house with large "negative equity" is a smart business decision. You may determine that you are better off letting your house and mortgage go. Be aware that filing Chapter 13 bankruptcy will stop foreclosure and may allow you six months or longer to make plans to relocate, rather than being evicted abruptly.

Talk to an experienced Chapter 13 bankruptcy law attorney to determine whether this form of debt relief is right for you.

Reorganize and Pay Off Debts Over Three to Five Years at Pennies on the Dollar Through Chapter 13 Bankruptcy

In addition to preventing a short sale or foreclosure, a Chapter 13 bankruptcy will allow you repay manageable portions of other debts such as credit card payments, medical bills and installment loans through affordable monthly payments at little to no interest over three to five years. At the end of the Chapter 13 repayment period, any remaining consumer debts can be discharged altogether.

Alva Wesley-Thomas & Associates, P.C., will never advise a potential client to file bankruptcy, or to file a particular type of bankruptcy, if we do not believe it is in the debtor's best interests. We are caring, compassionate Christian bankruptcy lawyers with years of experience and a very long list of satisfied clients. Learn how we can help you find debt relief. Contact a knowledgeable Houston Chapter 13 bankruptcy attorney through this website or by calling 713-278-0800.

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


Chapter 7 VS Chapter 13 The Two Main Types of Bankruptcy: A Side-by-Side Comparison

At the law firm of Alva Wesley-Thomas & Associates, our experienced bankruptcy attorneys are committed to sharing accurate information about the bankruptcy process. Many of our clients want to know about the differences between Chapter 7 and Chapter 13 bankruptcy. Our Houston attorneys have prepared a brief overview of the major differences:

attorneys have prepared a brief overview of the major differences:


Chapter 7  
Chapter 13  
  Wipes out debts you cannot afford to pay  
  Wipes out some debts and helps you repay others in an affordable payment plan  
Lets you keep your house and car if you are current or can get current on your payments
  Lets you keep your house and car even if you are not current on your payments  

Gives you a discharge - a document wiping out your debts - in about three months  
  Gives you a discharge after you complete a three- to five-year repayment plan  
  Quicker in getting to the outcome  

Quicker to put a stop to emergencies like foreclosure, garnishments and lawsuits  
  Wipes out lawsuit judgments and finance company liens on household goods  
  Depending on the details of your plan, may wipe out or reduce judgments and liens  
  Lets you keep all of your assets covered by Texas' homestead exemption law  
 Lets you keep all of your assets  


The bottom line is that Chapter 7 is clearly better for some people, Chapter 13 is clearly better for others, and others could benefit from either and should weigh the costs and benefits. And if you are in serious trouble with debt, chances are that one of these options is right for you.

The bottom line is that Chapter 7 is clearly better for some people, Chapter 13 is clearly better for others, and others could benefit from either and should weigh the costs and benefits. And if you are in serious trouble with debt, chances are that one of these options is right for you.

Houston, Sugar Land, Katy, Pearland, Clear Lake · Chapter 7 and 13 Attorneys


Do not believe the myths spread by creditors or misleading information from friends and relatives who do not understand how bankruptcy works. Talk to an experienced bankruptcy lawyer and learn whether Chapter 7 or Chapter 13 is the best way to deal with your specific situation.

To schedule a free consultation, contact us today at 713-278-0800 or by e-mail. We have a convenient office location in Houston, Texas, and evening and weekend appointments are available.

 

 


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Personal Injury

  Devastating effects occur from catastrophic personal injuries. If you've been seriously injured through another person's negligence, you have enough to worry about without having to deal with an unsympathetic insurance bureaucracy. The law firm of Alva Wesley-Thomas & Associates, P.C., will deal with the insurance company and ensure that you receive benefits you are allowed by law.


Personal injury lawsuits can be complicated and expensive to pursue; therefore, the law firm takes all cases on contingency, meaning there is never a fee until we recover a settlement in your favor. If you have been injured, contact the law firm of Alva Wesley-Thomas & Assoc PC for a free consultation and peace of mind.  


Stop Creditor Harrassment Now

Phone calls, threatening letters and e-mails from creditors can be overwhelming. You have the right to take action and can put an end to any form of harassment through bankruptcy. At Alva Wesley-Thomas & Associates, P.C., in Houston, Texas, we are dedicated to helping individuals and families file bankruptcy, liquidate or eliminate debts, and restore financial security. By filing bankruptcy today, you can put an immediate end to any creditor action.

How Can Bankruptcy Stop Creditors? - Bankruptcy Stopping Collection Activities

Bankruptcy is a legal remedy that gives consumers the right to liquidate or eliminate debt or reorganize their debts, depending on whether they file a Chapter 7 or Chapter 13 bankruptcy. Regardless of what type of bankruptcy you qualify for, filing requires that creditors immediately stop any action to collect those debts. Bankruptcy is the quickest and surest way to stop creditor harassment. The Woodlands stop collection calls attorneys at our firm can also assist you with the following:

  • Stop foreclosure
  • Stop legal action
  • Protect your assets and property from creditors
  • Stop repossession

Personalized Counsel, Advocacy and Support

We are a boutique firm handling exclusively debt relief and bankruptcy on behalf of our clients. With our broad experience in handling these claims, we understand the challenges and difficulties faced by our clients. Taking a compassionate approach, we provide tailored and individualized solutions focused on meeting the needs of our clients. Remember that you do have options and the right to restore your financial independence through bankruptcy.

Call Now for an Initial Consultation

When considering bankruptcy, you should work with an experienced lawyer who can review your case. Our Houston stop creditor harassment attorneys offer affordable rates and work efficiently and effectively to deliver optimal results.

Call 713-278-0800 or contact us by e-mail to arrange an initial consultation or case evaluation. Let us help you explore your options and achieve the financial freedom you deserve.


Serving Houston, Stafford, Missouri City, Texas

Stop Foreclosure

Houston Attorneys Assisting Texas Homeowners in Stopping Foreclosures

Over the last five years, the bankruptcy rate in the United States has soared. And while Texas does not lead the nation, the local economy has been hit hard by this unfortunate financial trend. For a hardworking family, the loss of their home through foreclosure is the equivalent of financial ruin-but there is still hope. If you are a Texas resident, and your home is in foreclosure proceedings or you know that foreclosure proceedings are imminent, the bankruptcy and foreclosure attorneys at Alva Wesley-Thomas & Associates, P.C., are able to help.

Houston, TX Attorneys Protecting Homeowners

When you file for bankruptcy in the State of Texas, an automatic stay goes into effect. This immediately stops all collection actions against you, including foreclosure proceedings. Although the bank or mortgager can still file a motion to lift the stay through the Texas courts, when there is very little time left in foreclosure proceedings, the automatic stay can provide the temporary relief that you need to get a handle on your finances. Make an appointment to consult with an Alva Wesley-Thomas & Associates, P.C. bankruptcy attorney and learn about your options.

Chapter 13 and Foreclosure

Under Chapter 13, you submit a payment plan to the Texas bankruptcy courts. If your home is in foreclosure, it means that you've missed a few payments. Under Chapter 13 it's often possible to roll these back payments into your new payment plan. As long as you stay current with your plan, you should be able to keep your home. The Houston bankruptcy attorneys at Adair & Myers often recommend this type of bankruptcy to their clients who have a source of income, but aren't able to meet their current financial obligations.

Chapter 7

The advantage of Chapter 7 bankruptcies is that most of your personal liability to repay your debt is wiped out, although some of your assets can still be touched. In Texas, your home is generally exempt from the bankruptcy proceedings. However, once the automatic stay is lifted, your mortgage lender can resume their foreclosure action on the property. If you want to keep your home, you will have to come to some sort of arrangement with your mortgager. Oftentimes, with their other debts lifted, our clients find it easier to make the back payments and bring their mortgage current.

Houston Bankruptcy and Foreclosure Attorneys

Your home may be your biggest investment, but it's also the place that you and your family live. If you are behind on your mortgage payments or already in foreclosure, you need to take immediate steps. Contact the Houston, TX law office of Alva Wesley-Thomas & Associates, P.C.,.

To schedule a consultation with one of our attorneys, contact us at (713) 278-0800.

Rebuilding Your Credit After Bankruptcy

Bankruptcy Can Fix Bad Credit

Many people avoid filing bankruptcy because they are afraid it will ruin their credit. In reality, if you are behind on your bills and significantly in debt, your credit score may have nowhere to go but up. Filing bankruptcy can actually be a way to improve your credit.

After you obtain a discharge of debt by filing bankruptcy, you will have significantly less debt than you had before. If you are able to keep up with your bills after bankruptcy, your credit will begin to improve - perhaps faster than you think.


At the office of Alva Wesley-Thomas & Associates, P.C., our lawyers offer a free initial consultation to the effect of bankruptcy on your credit. With an office in Houston, we serve people throughout south Houston including Missouri City and Stafford.

How Do I Rebuild My Credit After Bankruptcy?

There are three main credit reporting agencies: EquifaxExperian and TransUnion. Each of these agencies will assign you a credit score based on factors such as your credit history, whether you make payments each month on credit card balances and loans, and how much of your available credit you are using.


Your credit history will go to zero after you file bankruptcy. For this reason, it's important to obtain a new credit card right away so you can start rebuilding your credit history. You may need to get a secured credit card initially.

Once you have a credit card, stay current on your payments. If you have a car loan or mortgage, you need to stay current on those payments as well for your credit to improve.


You should be careful how much of your available credit you use. Ideally, you should pay off credit balances at the end of each month. Don't take out multiple credit cards and carry a balance on each. You may end up in significant debt again.

If you follow these three steps, you should be able to rebuild your credit in one to two years. While your bankruptcy filing will remain on your credit report for 10 years, bankruptcy does not have the stigma it once had.


Contact Our Houston Credit Repair Lawyers

If you would like to discuss any of these matters or some other type of legal concern with an attorney at Alva Wesley-Thomas & Associates, P.C.,please contact  us. We offer free initial consultations. If your legal concern falls outside the areas handled by our law firm, we can refer you to a trusted peer in the legal profession.  

Adversary Proceedings


The vast majority of bankruptcies are relatively simple matters that are completed within a brief time frame. Increasingly, however, creditors are disputing whether or not certain debts should be discharged in bankruptcy. When a creditor or debtor in a bankruptcy files a complaint to the court, it is known as an adversary proceeding. Anyone involved in an adversary proceeding needs an experienced bankruptcy lawyer to protect his or her rights. The Law Offices of Alva Wesley-Thomas & Associates represents both debtors and creditors in the Houston and Harris County, Sugar Land and Fort Bend County, Montgomery County, Pasadena, Katy, Pearland and The Woodlands in adversary proceedings. Contact us today.


Adversary proceedings can take place under a number of circumstances. The most common type of adversary proceedings involve a creditor arguing that a debt should not be discharged in bankruptcy. For instance, if a loan or cash advance is taken out shortly before a debtor files for bankruptcy, the creditor may argue that the debt was fraudulent and should not be discharged in bankruptcy. In other adversary proceedings, debtors may take action against creditors who violate of the automatic stay.


Adversary claims must be filed within 60 days of the first meeting of creditors. If a claim is not filed in that time, the debt in question will be discharged. Our attorneys have a complete understanding of adversary proceedings, and we can help you achieve a favorable resolution, either in litigation in Bankruptcy Court or in a negotiated settlement.

Contact the Houston Bankruptcy Lawyers at the Law Offices of

Alva Wesley-Thomas & Associates • 713-278-0800

Our bankruptcy lawyers can protect your interests in any adversary proceedings whether you are the creditor or debtor. Call or e-mail our office today to schedule your initial consultation. Hablamos español.

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





Privacy Policy

Privacy Policy

This privacy policy applies to information collected online from users of this website. In this policy, you can learn what kind of information we collect, when and how we might use that information, how we protect the information, and the choices you have with respect to your personal information.

What personal information is collected through this website and how is it used?

We collect information about our users in three ways: directly from the user, from our Web server logs and through cookies. We use the information primarily to provide you with a personalized Internet experience that delivers the information, resources, and services that are most relevant and helpful to you. We don't share any of the information you provide with others, unless we say so in this Privacy Policy, or when we believe in good faith that the law requires it.

User-supplied information: If you fill out the contact form on this website, we will ask you to provide some personal information (such as e-mail address, name, phone number and state). We only require that you provide an e-mail address on the contact form. Further, if chat is available through this site, you may be asked to provide information if you participate in an online chat. Please do not submit any confidential, proprietary or sensitive personally identifiable information (e.g. Social Security Number; date of birth; drivers license number; or credit card, bank account or other financial information) (collectively, “Sensitive Information”). If you submit any Sensitive Information, you do so at your own risk and we will not be liable to you or responsible for consequences of your submission.

Information that you provide to us through the contact form or an online chat will be used so that we may respond to your inquiry. We may also use information you provide to us to communicate with you in the future. If you do not wish to receive such communications, you may opt out (unsubscribe) as described below.

Web server logs: When you visit our website, we may track information about your visit and store that information in web server logs, which are records of the activities on our sites. The servers automatically capture and save the information electronically. Examples of the information we may collect include:

·         your unique Internet protocol address;

·         the name of your unique Internet service provider;

·         the town/city, county/state and country from which you access our website;

·         the kind of browser or computer you use;

·         the number of links you click within the site;

·         the date and time of your visit;

·         the web page from which you arrived to our site;

·         the pages you viewed on the site; and

·         certain searches/queries that you conducted via our website(s).

The information we collect in web server logs helps us administer the site, analyze its usage, protect the website and its content from inappropriate use and improve the user's experience.

Cookies: In order to offer and provide a customized and personal service, our websites and applications may use cookies to store and help track information about you. Cookies are simply small pieces of data that are sent to your browser from a Web server and stored on your computer's hard drive. We use cookies to help remind us who you are and to help you navigate our sites during your visits. Cookies allow us to save passwords and preferences for you so you won't have to re-enter them each time you visit.

The use of cookies is relatively standard. Most browsers are initially set up to accept cookies. However, if you prefer, you can set your browser to either notify you when you receive a cookie, or to refuse to accept cookies. You should understand that some features of many sites may not function properly if you don't accept cookies.

How is personal information protected?

We take certain appropriate security measures to help protect your personal information from accidental loss and from unauthorized access, use or disclosure. However, we cannot guarantee that unauthorized persons will always be unable to defeat our security measures.

Who has access to the information?

We will not sell, rent, or lease mailing lists or other user data to others, and we will not make your personal information available to any unaffiliated parties, except as follows:

·         to agents, website vendors and/or contractors who may use it on our behalf or in connection with their relationship with us;

·         if we are unable to assist with your matter, but know an unaffiliated attorney or firm that may be able to help you, we may refer you and share information you provided us with that party; and

·         as required by law, in a matter of public safety or policy, as needed in connection with the transfer of our business assets (for example, if we are acquired by another firm or if we are liquidated during bankruptcy proceedings), or if we believe in good faith that sharing the data is necessary to protect our rights or property.

How can I correct, amend or delete my personal information and/or opt out of future communications?

You may opt out of any future contacts from us at any time. Contact us via the phone number, contact form or mailing address on our website at any time to:

·         see what data we have about you, if any;

·         change/correct any data we have about you;

·         ask us to delete any data we have about you; and/or

·         opt out of future communications from us.

If you have any additional questions or concerns about this privacy policy, please contact us via the phone number, contact form or mailing address listed on this website. If our information practices change in a significant way, we will post the policy changes here.

March 15,2020.

LAW OFFICE  PHOTO GALLERY

CONTACT US


Contact Information

Alva Wesley-Thomas & Associates, P.C. 

6161 Savoy Drive Ste. 250

Houston, TX 77036 

Telephone: 713-278-0800 Fax: 713-278-0490

Email: Info@AlvaWesleyThomas.com