CONSUMER ADVOCACY & DEBT RELIEF LAW FIRM

We help local people get out of debt while protecting them from abusive debt collection practices.

Chapter 7

Chapter 7 of the Bankruptcy Code is known as liquidation bankruptcy because anyone who qualifies must liquidate any nonexempt assets – sometimes their home or car – to repay as much of their debt as possible before the rest is discharged.

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Chapter 13

Chapter 13 of the Bankruptcy Code allows a consumer to negotiate a repayment plan with his or her creditors. Over the next three to five years, the consumer continues to make payments on the debt, after which time the remainder is discharged.

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Chapter 11

We do not practice Chapter 11 Bankruptcy.

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About Timothy D. Raub

“I have been a lawyer in Texas for over 23 years and helped thousands of people with injuries and financial difficulties. However, my greatest accomplishment is my close family, marriage of thirty years and five children who are successful in life and love their God. We want to help you like you are another member of the family!”

Over the years, the Raub Law Firm, P.C. has handled large and small personal injury cases. From oil field accidents in South Texas to Jones Act claims throughout Texas, we know what it takes to get results in a personal injury case. At Raub Law Firm, P.C., we treat each client as an individual. When you work with us, you will get the personal attention and caring service you deserve. We will take the time to ensure that you get the full benefit of our experience and skill.

We are a very large and well-established law firm specializing in serious accident and personal injury cases. My firm has been in existence for over 21 years and has won top results for thousands of injured clients across Southern Texas. I have a team of very successful trial lawyers committed to personal attention, fast action, aggressive representation, I will meet you in person, and we keep you updated! If you are in need of a professional personal injury lawyer in Texas, call me, Timothy D. Raub. My personal injury lawyers have been helping clients throughout Nueces, San Patricio, Webb, Live Oak, Duval, Bee, Goliad, Refugio, Aransas, and Kleberg counties across Texas.

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Free Confidential Bankruptcy Consultation

If you have read this far, you are seriously concerned about your financial problems. You are  urged to not delay seeking legal counsel. My consultation is FREE. Delay could be costly.

May the information on my website be helpful to you. You must remember that what is contained here is only a general bankruptcy outline. The ONLY way to know for sure whether bankruptcy is right for you is to consult with an experienced Corpus Christi bankruptcy attorney.

Please call our office for a free consultation. The number is 361-880-8181. Our phone is answered 24 hours a day, so you can leave a message at ANY time or you can send me an email right now. For a full review of your financial problems and an explanation of the ways bankruptcy may help — for a fresh start on your future and for peace of mind — call now.

What Can Bankruptcy Do For You?

  • Stop Repossessions!
  • Stop Creditor Harassment!
  • Stop Lawsuits!
  • Stop Garnishments!
  • Allow You to Catch Up on Your Mortgage!
  • Allow You to Catch Up on Car Payments!
  • Allow You to Lower Car Payments!

Why Choose Us?

  • Reasonable Fees (We Will Not Be Beat)!
  • Flexible Payments.
  • Free Consultation with Attorney.
  • Discrete and Confidential Service and Communication.
  • Conveniently Located.
  • Knowledgeable and Helpful Staff. Teaching Philosophy — Helping You Understand Your Options.

Overcoming Unmanageable Debt

Our attorneys guide individuals toward financial stability through bankruptcy and we have provided professional, courteous and competent legal services to Corpus Christi families and Texas residents.

Free Consultations

Put our dedication and experience to work for you. Contact the lawyers of Raub Law Firm, P.C., to schedule a free consultation at our Corpus Christi office. You can reach us by email or by phone at 361-880-8181.

Information about Chapter 7 Bankruptcy

How Does Chapter 7 Bankruptcy Work?

Limitations to Filing Chapter 7 Bankruptcy. You may not file if you obtained a discharge in a Chapter 7 case within the past eight years, or in a Chapter 13 case within the past six years. You may not file if a previous bankruptcy case (Chapter 7 or 13) was dismissed within the past 180 days because you violated a court order, you were determined to have engaged in fraudulent conduct, or you requested dismissal after a creditor requested relief from the automatic stay.
Classifying Your Debts. In bankruptcy, debts are divided into two classes: secured debts and unsecured debts. A secured debt is one where you have pledged certain property as security for payment, such as with a mortgage or auto loan. An unsecured debt is not connected with any particular property, such as credit card debt and medical bills.

Debts are also divided into dischargeable debts (which are eliminated by bankruptcy) and nondischargeable debts (which are still owed after bankruptcy). Most consumer debts are dischargeable. Nondischargeable debts are most taxes, child support, and student loans.

What Happens to Your Property.  In bankruptcy, property is divided into two classes: exempt property and nonexempt property. Exempt property is property that either state or federal law has declared to be unavailable to creditors in trying to collect debt. The purpose of bankruptcy exemptions is to protect certain basic types of property so that you are not left totally destitute after bankruptcy. These are assets you may keep to help you get a fresh start financially. All other property is considered nonexempt, and may be sold by the bankruptcy trustee to at least partially repay your creditors. The exact exemptions vary from state to state.
Before Filing.  Before filing for bankruptcy you must complete a credit counseling program with a court-approved agency. This should be done no more than six months before you file, and can often be done online. There is a fee for the program, but the fee may be reduced or waived if you meet certain low income requirements. To find an approved agency in your state, visit the Credit Counseling and Debtor Education page on the U.S. Department of Justice website.
The automatic stay. After hiring a bankruptcy lawyer one of the most important effects of filing your Voluntary Petition is that this activates what is called the automatic stay. The automatic stay prevents your creditors from taking any action to try to collect. It stops foreclosure, eviction, utility shut-offs, repossession, wage garnishment, bank account attachments and lawsuits as well as collection phone calls, letters, emails and texts. However, a creditor may ask the court to lift the stay so that a foreclosure, eviction, repossession or other lawsuit may proceed.

Information about Chapter 13 Bankruptcy

How Does Chapter 13 Bankruptcy Work?

Chapter 13 bankruptcy is exclusively available to individuals and sole proprietorships. When you file, you are asked to come up with a repayment plan that must be funded over three to five years by a regular, steady income. After that time period, if you’re up-to-date with all your debts, the rest will be erased.
Unsecured loans aren’t backed by any assets. If you stop paying, the collector might sue you and start garnishing your wages, hire collectors to go after you, and attempt to ruin your credit score. Both of these scenarios are scary, and for small business owners with debt, bankruptcy might be the wiser option.
What Happens to Your Property.  In bankruptcy, property is divided into two classes: exempt property and nonexempt property. Exempt property is property that either state or federal law has declared to be unavailable to creditors in trying to collect debt. The purpose of bankruptcy exemptions is to protect certain basic types of property so that you are not left totally destitute after bankruptcy. These are assets you may keep to help you get a fresh start financially. All other property is considered nonexempt, and may be sold by the bankruptcy trustee to at least partially repay your creditors. The exact exemptions vary from state to state.
A trustee will be appointed to your case, to whom which you’ll provide your repayment plan along with your latest income tax return. Your creditors may object to your plan, so you, the trustee, and your attorney will work it out with them in court. Before you pay your last debts, you will be required to take a course in managing your finances.
Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing under this chapter, individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over time. Nevertheless, they must still make all mortgage payments that come due during the chapter 13 plan on time.

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Our Location

814 Leopard Street, Corpus Christi, Texas 78401

Our Phone Number

361-880-8181

Fax Number

(361) 887-6521

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