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Plano, TX bankruptcy law firm handling Chapter 7, 13, and 11 cases plus debt settlement. Chapter 7 can start with $100 down; free initial consultation.
Data compiled from public sources
LoBue Law, PLLC is a Plano, Texas bankruptcy and debt relief law firm founded in 2019 by Vincent "Vinny" LoBue. The firm holds an A+ BBB rating and has been BBB-accredited since August 2020. LoBue is a member of the National Association of Consumer Bankruptcy Attorneys (NACBA), a key professional credential in the consumer bankruptcy space. The firm serves residents throughout Collin and Dallas counties from its flagship office at 101 E Park Blvd, Suite 600, with additional satellite locations across both counties.
LoBue Law offers the full spectrum of federal bankruptcy options: Chapter 7 liquidation (which can discharge unsecured debts like credit cards and medical bills), Chapter 13 reorganization (a 36–60 month structured repayment plan that can save homes from foreclosure and vehicles from repossession), and Chapter 11 business reorganization including the streamlined Subchapter V process under the Small Business Reorganization Act. For clients who want to avoid bankruptcy, the firm also negotiates debt settlements directly with creditors. Chapter 7 cases can begin with as little as $100 down, with flexible payment plans for legal fees. All prospective clients receive a free initial consultation to assess their options.
What sets LoBue Law apart is managing partner Vinny LoBue's unusual background: he spent years representing banks and creditors in bankruptcy proceedings before switching to consumer advocacy. That insider knowledge of creditor tactics translates into a strategic edge for his clients. Unlike larger firms that route cases to junior associates, LoBue handles matters personally. The firm's 5.0-star Google rating from 193 reviews reflects consistent client satisfaction, and the A+ BBB accreditation adds institutional credibility for a firm that has only been in operation since 2019.
LoBue Law is a profile with notable listed fields for Collin and Dallas county residents who are seriously overwhelmed by debt and need legal intervention — not just counseling. The main limitation is geographic: the firm primarily serves two Texas counties, so clients outside the DFW area will need to look elsewhere. Specific flat-rate fee totals are not published online and are disclosed during consultation, so cost-conscious consumers will need to schedule a call before comparing. This is also not a non-profit or free service — it is a private law firm, so clients should expect attorney fees on top of any court filing costs.\n\nWhen evaluating debt relief companies, consumers should compare settlement programs against alternatives like debt consolidation loans, which combine multiple debts into a single fixed-rate payment. Credit counseling through nonprofit agencies offers free budgeting help without impacting credit scores. For those whose credit has already been damaged, credit repair services can address inaccurate negative items on reports. Personal loans for bad credit may provide funds for debt payoff at lower rates than credit cards, and credit monitoring services help track progress throughout the recovery process. Consolidating high-interest balances into a single installment loan with a fixed rate can reduce total interest paid and simplify monthly budgeting.
While repairing your credit, a secured card can add payment-history context when it reports to the bureaus. Compare deposits, fees, bureau reporting, and any no-credit-check claims directly.
This is state-level context for Debt Relief consumers in Plano, TX. It does not confirm that LoBue Law or this specific location is licensed.
State regulator
Texas Office of Consumer Credit Commissioner
Consumer protection
Relevant law: Texas Credit Services Organization Act (Tex. Fin. Code Ch. 393 (§ 393.001 et seq.))
Registration: Required with Texas Secretary of State
Upfront fees: Listed as prohibited in the current CreditDoc state summary
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
LoBue Law offers 12 services including Chapter 7 bankruptcy — liquidation and discharge of unsecured debts, Chapter 13 bankruptcy — 36–60 month repayment/reorganization plan, Chapter 11 bankruptcy — business reorganization, Subchapter V / Small Business Reorganization Act (SBRA) cases, Debt settlement negotiation with creditors, and 7 more.
LoBue Law has profile signals associated with Collin and Dallas county residents overwhelmed by credit card debt or medical bills considering Chapter 7 discharge, Homeowners behind on mortgage payments who want to use Chapter 13 to stop foreclosure and catch up, Small business owners in the DFW area needing debt reorganization under Chapter 11 or Subchapter V, Individuals facing wage garnishment, repossession, or creditor lawsuits who need an automatic stay immediately.
Key strengths: Managing partner Vincent LoBue has 25+ years of legal experience, including time representing creditors — giving him insider knowledge of bank tactics; Chapter 7 cases can begin with as little as $100 down, with flexible payment plans for those in financial distress; A+ BBB rating with accreditation since August 2020 — strong trust signal for a firm founded in 2019. Areas to consider: Geographic coverage limited to Collin and Dallas counties in Texas — not available to most U.S. consumers; Attorney fee totals not published online; must schedule a consultation to get actual cost figures.
In the Debt Relief category, comparable providers include Advance Tax Relief LLC - South Houston, America Debt Resolutions, Bureau of Debt Settlement. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
LoBue Law holds a A+ rating with the Better Business Bureau and is BBB-accredited.
CreditDoc Profile Note
LoBue Law is genuinely best suited for DFW-area residents who have exhausted budget options and need the legal power of bankruptcy — particularly those with wage garnishment, imminent foreclosure, or creditor lawsuits. The $100-down Chapter 7 option makes the firm accessible even to clients in acute financial distress. The main caveat is geography: this is a local Texas practice, not a national service, and consumers outside Collin or Dallas counties will need to find a licensed attorney in their own jurisdiction.
Houston-based tax debt relief firm offering IRS negotiations, offer in compromise settlements, and back tax resolution through attorneys and enrolled agents.
Profile signals: Individuals with significant back tax debt and IRS collection actions (wage garnishments, liens, levies), Business owners with corporate or payroll tax liabilities needing OIC negotiations
America Debt Resolutions offers debt consolidation and settlement services with a focus on personalized, listed guidance. The company emphasizes relationship-building and stress-free debt resolution over 12-60 months.
Profile signals: Consumers seeking personalized, relationship-based debt guidance rather than algorithmic processing, Individuals with multiple unsecured debts (credit cards, personal loans) who want a single point of contact
501(c)(3) nonprofit debt settlement company that negotiates lump-sum settlements with creditors, typically completing cases in 3-4 weeks rather than years.
Profile signals: Consumers with substantial unsecured debt who can make a lump-sum payment to creditors, Individuals seeking debt relief from a nonprofit with listed, mission-driven operations rather than commercial firms
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A step-by-step guide to consolidating your debt on your own, without paying a debt consolidation company. Covers balance transfers, personal loans, the snowball method, and negotiating directly with creditors.
Read guide →A step-by-step 90-day plan to assess your finances, attack debt, dispute errors, and rebuild credit. Real timelines, specific actions, and legal protections you can use immediately.
Read guide →Learn how debt management plans reduce interest rates, negotiate with creditors, and help rebuild credit in 3–5 years. Real timelines and eligibility rules.
Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
When you fail to repay a loan according to the agreed terms — usually after 90-180 days of missed payments. It's the point where the lender gives up on collecting normally.
Default triggers severe consequences: credit score drops 100+ points, the debt may be sent to collections, you could be sued, and your wages or assets could be seized.
Example
You miss 4 consecutive car payments. The lender declares your loan in default, repossesses your car, sells it at auction for $8,000, and you still owe the remaining $5,000 (called a deficiency balance).
A federal agency created in 2010 to protect consumers from unfair financial practices. They write rules, supervise financial companies, and handle consumer complaints.
The CFPB is your most powerful ally against high-cost lenders. Filing a complaint with them gets a response from the company within 15 days — companies take CFPB complaints seriously.
Example
A debt collector calls your workplace after you told them to stop. You file a CFPB complaint online. Within 15 days, the collection agency responds and agrees to stop. The CFPB tracks complaint patterns across all companies.
A federal law that limits what debt collectors can do. They can't call before 8am or after 9pm, can't harass you, can't lie, and are required to stop contacting you if you request in writing.
Knowing your FDCPA rights stops abusive collection tactics. If a collector violates the law, you may have a right to sue for up to $1,000 per violation plus attorney fees.
Example
A collector calls your workplace 3 times after you told them not to. That's 3 FDCPA violations. You hire a consumer attorney (free — they get paid by the collector). The collector settles for $3,000.
A court order that requires your employer to withhold part of your paycheck and send it directly to a creditor. Usually happens after a creditor sues you and has obtained a judgment.
Federal law limits garnishment to 25% of disposable income. Some states have lower limits. Student loans and taxes can be garnished without a court order.
Example
You owe $8,000 on a defaulted credit card. The bank sues, gets a judgment, and garnishes your wages. On a $3,000/month net paycheck, they take $750/month until the debt is paid.
A time limit (typically 3-6 years, varies by state) after which a creditor can no longer sue you to collect a debt. The debt still exists, but they lose the legal power to force payment.
Knowing your state's statute of limitations prevents you from being tricked into paying debts that are legally uncollectable. Beware: making a payment can restart the clock.
Example
You have a $3,000 credit card debt from 2019. Your state has a 4-year statute of limitations. In 2024, a collector calls demanding payment. The statute has expired — they cannot sue you.
A type of bankruptcy where you keep your assets but follow a court-approved 3-5 year repayment plan to pay back some or all of your debts. Stays on credit for 7 years.
Chapter 13 may be more relevant than Chapter 7 if you have a home or assets you want to keep. It can stop foreclosure and let you catch up on mortgage payments over 3-5 years.
Example
You're 3 months behind on your mortgage and have $30,000 in credit card debt. Chapter 13 stops foreclosure and puts you on a 5-year plan: you pay $600/month to catch up on the mortgage and pay 40% of the credit card debt.
A type of bankruptcy that wipes out most unsecured debts (credit cards, medical bills) by liquidating non-exempt assets. It stays on your credit for 10 years.
Chapter 7 gives you a fresh start but at a steep cost: 10 years on your credit, difficulty getting loans, and you may lose assets. Income is generally required to be below your state's median to qualify.
Example
You have $45,000 in credit card debt and earn $35,000/year. Chapter 7 erases the debt. You keep exempt property (basic car, household items). Your score drops to ~500 but you're debt-free.
When a creditor declares your debt a loss after 180 days of nonpayment and removes it from their books. But you still owe the money — they just stop expecting to collect it themselves.
A charge-off is one of the most damaging entries on your credit report and stays for 7 years. The debt is usually sold to a collection agency who will pursue you for it.
Example
You stop paying your $4,000 credit card. After 180 days, the bank charges it off and sells the debt to a collector for $800. The collector now contacts you demanding the full $4,000 (they profit from what they collect above $800).
When an unpaid debt is transferred or sold to a third-party collection agency that specializes in recovering the money. Collection accounts appear on your credit report for 7 years.
Even a $50 collection account can drop your score 50-100 points. Some newer FICO models (FICO 9) ignore paid collections, but many lenders still use older models.
Example
An old $200 gym bill goes to collections. It appears on all 3 credit reports and drops your 720 score to 640. Paying it helps with newer scoring models but under FICO 8 (still widely used), a paid collection still hurts.
Combining multiple debts into one single loan with one monthly payment, ideally at a lower interest rate. It simplifies repayment and can reduce total interest.
Consolidation is generally most useful when you get a lower rate than your existing debts. But it doesn't reduce what you owe — and extending the term can mean paying more total interest.
Example
You have: $5,000 at 22% (credit card), $3,000 at 18% (store card), $2,000 at 25% (payday loan). A $10,000 consolidation loan at 11% saves you ~$2,100 in interest over 3 years.
Negotiating with creditors to accept less than the full amount you owe — typically 40-60 cents on the dollar. Usually done after you've already fallen behind on payments.
Settlement can save thousands, but it severely damages your credit (settled accounts show for 7 years) and the IRS may tax the forgiven amount as income.
Example
You owe $15,000 on a credit card and negotiate a settlement of $7,500 (50%). You save $7,500 but: your credit drops 100+ points, the account shows 'settled' for 7 years, and you may owe taxes on the $7,500 forgiven.
The percentage of your monthly gross income that goes toward paying debts. Lenders use it to judge whether you can afford another loan payment.
Most lenders want DTI below 36% for personal loans and below 43% for mortgages. Above that, you're considered overextended and likely to be denied.
Example
You earn $5,000/month gross. Your debts: $1,200 mortgage + $300 car + $200 student loans = $1,700/month. DTI = 34%. A new $400/month loan would push you to 42% — risky for lenders.
A court ruling that says you legally owe a specific amount to a creditor. It gives the creditor power to garnish wages, freeze bank accounts, or place liens on your property.
Judgments are enforceable for 10-20 years (varies by state) and can be renewed. They give creditors far more collection power than a simple unpaid debt.
Example
A credit card company sues you for $8,000 and has obtained a judgment. They can now garnish 25% of your paycheck ($750/month on a $3,000 net salary) and freeze your bank account.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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