${site.data.firmName}${SEMFirmNameAlt} ${site.data.firmName}${SEMFirmNameAlt}
254-633-2876 | fax 866-825-8786
Main Menu
  • Let
  • Help
  • Free No Obligation

Bankruptcy Attorney
Helping People Of Waco
Find Debt Relief

Bankruptcy can help protect your assets

Most people view bankruptcy as a life-changing legal admission of financial failure in which many or all of your prized, precious assets will simply be sold off to the highest bidder in order to save you from a hole that you dug yourself into with poor financial decisions. Nothing could be further from the truth.

We know that many people who are struggling with debt did not put themselves in a financial hole, but found themselves in the hole after unexpected tragedies, such as sudden termination of employment or unforeseeable medical emergencies. Additionally, bankruptcy is not always about selling off your property in order to pay off your debts. In fact, some bankruptcy options do not require you to sell anything at all in order to pay your debts. Even if you file a Chapter 7 bankruptcy, which will require selling of assets, you will only lose your non-exempt assets, meaning there are many things you will be able to keep.

In fact, in Texas, many large assets such as vehicles, boats and even houses are considered exempt, meaning that they may not be sold during a Chapter 7 bankruptcy. Furthermore, when a bankruptcy is filed, an automatic stay is put into place that stops things like creditor harassment and foreclosure. This means that rather than requiring you to sell your car or house, a timely bankruptcy filing could actually save your car or house before creditors or banks foreclose or repossess them.

Many Americans have unfortunate misconceptions about bankruptcy, which is a fantastic form of legal debt relief that nearly everyone can take advantage of. If you would like to learn more about what bankruptcy can truly accomplish for you, visit our webpage.

No Comments

Leave a comment
Comment Information
National Association of Consumer Bankruptcy Attorneys The College of the State Bar Of Texas Greater Waco Chamber of Commerce Member Logo

Office Location

The Kehl Law Firm, P.C. 3715 Bellmead Dr Waco, TX 76705


Fax: 866-825-8786

Waco Law Office Map

Connect With Us

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy