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William K. Thomas 

Attorney at Law


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Can I keep my home and vehicle?

Posted on January 10, 2020 at 2:55 PM

An individual filing for Chapter 7 bankruptcy can usually keep their home and vehicles. Secured debts such as a mortgage or vehicle loan may be reaffirmed, surrendered, or redeemed. A debt may be reaffirmed by the debtor choosing to keep the property, signing a reaffirmation agreement, and continue paying on the debt. On the other hand, the debtor may choose to surrender their home and/or vehicle and be released for the debt associated with that property.

A debtor is entitle...

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What is a Bankruptcy Discharge?

Posted on October 16, 2019 at 4:55 PM

The reason people file for bankruptcy is to be discharged from paying debts. Certain debts, however, cannot be discharged. A bankruptcy filer cannot be discharged from taxes, court fines and criminal restitution, personal injury judgments if caused by drunk driving or under the influence of drugs, child support or maintenance to a former spouse if ordered by a court, and most student loans.

No debt will be discharged that was incurred after the bankruptcy filin...

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Bankruptcy FAQs

Posted on April 30, 2019 at 10:55 AM

Bankruptcy is a federal proceeding and is not filed in the county courthouse. When you decide that bankruptcy is best for your situation, you will choose, with the help of Mr. Thomas, which bankruptcy chapter best meets your needs.

Chapter 7 – Your unsecured debts are discharged by the bankruptcy court. A trustee is appointed to oversee your case. Any property with value that exceeds the statutory exemption will be sold to pay yo...

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FAQs about bankruptcy

Posted on August 14, 2018 at 11:45 AM

Q: Will everyone know that I have filed for bankruptcy?

A: Unless you are a prominent person in the community, no. Bankruptcy filings do not appear in the newspaper.

Q: When I file Chapter 7, will all of my debts be wiped out?

A: Unsecured debts, such as credit cards and medical bills will be discharged. Student loans usually cannot be disc...

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