Posted on March 05, 2026 in Bankruptcy

When a business files for bankruptcy, contracts don't just disappear. Vendors, landlords, suppliers, and service providers all want to know what happens to the agreements they have in place. The answer depends on the type of bankruptcy filed and what the business decides to do with each contract.

If your business is considering bankruptcy in 2026 or you have a contract with a company that has filed, our Galveston, TX bankruptcy lawyer can help you understand what comes next.

What Is an Executory Contract in Bankruptcy?

The first step to understanding how bankruptcy affects your contracts is knowing what counts as an executory contract. An executory contract is one where both sides still have significant obligations left to perform. In other words, neither party has fully finished what they agreed to do.

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 Posted on February 28, 2026 in Foreclosure

Many homeowners in Texas are surprised to learn that two completely different creditors can move to take their home at the same time: Their mortgage lender and their homeowners association. Even if you have been faithfully making your mortgage payment every month, falling behind on HOA dues in Texas can still cost you your house. 

The good news is that filing for bankruptcy in 2026 can stop both types of foreclosure, but how it handles them is very different. Understanding those differences is the first step toward protecting your home and getting a fresh start. 

Our Liberty County bankruptcy attorney is board-certified in consumer bankruptcy law and offers free consultations. We are here to help good people through hard times. 713-526-5220.

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 Posted on February 21, 2026 in Chapter 13 Bankruptcy

A hardship discharge lets you end your Chapter 13 bankruptcy case early and still wipe out some of your debt, even if you haven't finished making all your plan payments. Life doesn't always go as planned, and the bankruptcy code has a built-in option for people who fall behind through no fault of their own.

If you're struggling to keep up with your plan payments and aren't sure what your options are in 2026, our Brazoria, TX bankruptcy lawyer is here to help you understand what comes next.

What Is the Difference Between a Regular Chapter 13 Discharge and a Hardship Discharge?

A regular Chapter 13 discharge happens after you complete all your plan payments, usually over three to five years. Once you finish, the court discharges most of your remaining unsecured debt, like credit cards and medical bills.

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 Posted on February 11, 2026 in Bankruptcy

If you are considering bankruptcy in 2026, the actions you take before filing can affect your case. Many good people make innocent mistakes that can cause serious problems later. Knowing what not to do before filing can help you protect your fresh start.

At The Fealy Law Firm, PC, our firm focuses on helping people take care of their finances during difficult times. As a Board-Certified Consumer Bankruptcy Law attorney by The Texas Board of Legal Specialization, our Montgomery County bankruptcy attorney has helped thousands of people and businesses find debt relief. These are some of the most common mistakes people make before filing.

Avoid Making These Mistakes Before You File for Bankruptcy 

Using Credit Cards Before Bankruptcy 

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 Posted on February 04, 2026 in Chapter 13 Bankruptcy

One of the things people worry about the most when they file for bankruptcy is what will happen to their stuff. It’s easy to dismiss physical belongings as not being overly important, but the truth is that your house, your car, and your other belongings are largely what your life is made up of. Where would you live without your house? What happens if you don’t have a car? 

We get these questions all the time. Our Harris County bankruptcy attorney can help you find ways to keep your property when you file for bankruptcy, including your car, if you file for bankruptcy in 2026. 

So let’s take a look at one very common issue in bankruptcy: When you owe more on your car or other property than it is actually worth. A cramdown might be the solution that helps you keep your vehicle, while reducing what you owe to a more manageable amount.

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 Posted on January 31, 2026 in Bankruptcy

Bankruptcy trustees can file lawsuits to recover assets when they believe you transferred property or made payments before filing bankruptcy in ways that were unfair to your creditors. These lawsuits are called adversary proceedings, and they can complicate your bankruptcy case significantly. The trustee's job is to find assets that can be sold to pay your creditors, and they have legal tools to go after property you no longer own if you gave it away or sold it for less than it was worth.

If you are curious about whether filing for bankruptcy in 2026 would help you, call us at 713-526-5220. Our Conroe Board-Certified bankruptcy attorney has helped thousands of people get debt relief and can guide you through the process. We offer free consultations to review your situation and help you avoid common mistakes that trigger trustee lawsuits.

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 Posted on January 22, 2026 in Bankruptcy

Many people worry that their creditors will fight their bankruptcy filing. The good news is that most creditors do not dispute bankruptcy cases. Creditors understand that bankruptcy is a legal right, and in most situations, they accept the outcome without objection. However, certain circumstances can lead creditors to challenge your case. Understanding when and why this happens can help you prepare and protect your fresh start.

If you are considering filing for bankruptcy in 2026, speaking with a Houston bankruptcy attorney who is Board-Certified in Consumer Bankruptcy Law by the Texas Board of Legal Specialization can give you confidence in your case. Our firm offers free consultations to help you understand your options and avoid common problems that trigger creditor disputes.

When Can Creditors Sue Debtors in Bankruptcy?

Once you file for bankruptcy, the automatic stay goes into effect immediately. This is a powerful protection under 11 U.S.C. Section 362 that stops all collection activity, including:

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 Posted on January 19, 2026 in Chapter 13 Bankruptcy

Facing foreclosure on your home in 2026 is one of the most stressful situations any family can experience. The thought of losing the place where you raised your children, celebrated holidays, and built memories is terrifying and angering. If you have fallen behind on mortgage payments, you might wonder if there is any way to stop the foreclosure process and keep your home.

Chapter 13 bankruptcy can stop foreclosure in Texas, often within hours of filing. This powerful legal tool creates an immediate halt to all collection activities, including foreclosure sales. For good people going through hard times, Chapter 13 offers a path to catch up on missed mortgage payments while keeping your home. 

Understanding how the foreclosure process works and how bankruptcy can stop it will help you make better decisions about protecting your property. And our Board-Certified Waller County, Texas bankruptcy and foreclosure attorney is here to help. 

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 Posted on January 06, 2026 in Bankruptcy

If you are behind on car payments, you may be worried about your car getting repossessed. After all, in Texas, a car is often a necessity. Things are simply too far away to walk, and public transit isn’t much help. When a car is repossessed, people’s whole lives can fall apart. 

A report from CBS News just a couple of months ago said that an estimated 3 million people had their car repossessed last year. Many of those repossessions could have been stopped with a good lawyer. 

If you are worried about losing your car in 2026, our Texas bankruptcy and repossession defense attorney can help. Even if your car has already been repossessed, it may not be too late to do something. Call us today at 713-526-5220. 

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 Posted on December 12, 2025 in Bankruptcy

The state of Texas moves quickly on foreclosures, leaving homeowners much less time to react than they might expect. If you are behind on your mortgage payments and it feels like bankruptcy could be the only path to saving your home, it is worth your time to first consider a loan modification.

To be clear, not every homeowner can benefit from a loan modification, and if you have a significant amount of non-secured debt in addition to your mortgage, bankruptcy could be the better option. A Fort Bend County, TX loan modification attorney can help you determine what is best for your specific circumstances.

What Is a Mortgage Loan Modification?

A mortgage loan modification is a permanent change to the terms of the existing mortgage. Loan modifications are meant to help homeowners avoid foreclosure by making payments more affordable. This can be done in a number of ways, including:

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