La Vernia, TX Bankruptcy Law Firms & Lawyers

In general, if your lawyer makes a mistake, you can make a claim against his malpractice insurance, file a bar complaint, and/or sue the attorney. I'm not sure where you are in the process or what has been done, but it might be advisable to sit down with the attorney and ask him directly what he intends to do to fix the mistake.

Bankruptcy costs are relative to the time the attorney believes it will take to complete the file. The level of debt is relevant, as are the assets. One of the other factors is income and how it's earned. Self-employment can be time consuming to present to the court. The most simple bankruptcies are where the parties are traditionally employed and the debts are credit cards or medical. Those are less expensive.

As long as you keep your payments current on the auto loan the lender cannot repossess it. The issue in bankruptcy will be whether you have any equity in the car, whether the car is worth more than you owe on the loan. You are entitled to a $3,000 "exemption" on the equity in the car. If you have less than $3,000 in equity, then the bankruptcy Trustee will not take an interest in the vehicle. If have more than $3,000 in equity (you have "non-exempt equity") than you can work a deal with the Trustee to pay the Trustee the amount of the non-exempt equity and keep the car.