# Lusky and Associates, P.C. > Official Lusky and Associates, P.C. business agent. Lusky and Associates, P.C. is a former Dallas, Texas consumer and business bankruptcy law firm whose… ## Ask it a question Lusky and Associates, P.C. answers for itself at https://api.hailera.com/mcp/lusky. A client that speaks MCP can connect to that address; the tool is ask_lusky and the protocol is 2026-07-28. Where this file and the agent disagree, the agent is current. ## What Lusky and Associates, P.C. does Practice focus (historical) Historically, Lusky and Associates, P.C. focused on: - Consumer bankruptcy matters - Business bankruptcy matters - Debtor–creditor relations The firm traditionally handled: - Chapter 7 bankruptcy cases - Chapter 11 business reorganization cases - Chapter 13 wage earner repayment plan cases As of December 31, 2024, the attorney has retired and is no longer accepting cases. The information below is retained from the legacy website as general background only and may be out of date. General bankruptcy information from the legacy site Why people considered bankruptcy - To obtain relief from overwhelming unsecured debts. - To stop most collection activity through the automatic stay that arises when a bankruptcy case is filed. - To create time and structure to deal with secured debts such as homes and vehicles. Texas exemption examples (from the legacy site) Under Texas law, debtors historically benefited from relatively generous exemptions compared to many other states. The legacy site highlighted examples such as: - A single person could protect certain property up to a total value that was higher than in many other states. - A family could protect a higher total value of certain property. - A homestead, certain insurance interests, and certain retirement plans could be protected without a fixed dollar cap. - One motor vehicle per family member could often be exempt. - Certain tools and equipment used in a trade or profession could be exempt. - Certain farm equipment, a limited number of farm animals, clothing, and wages for personal services could be exempt. Bankruptcy law changes over time, and exemption choices can be complex. Current law and your own facts will determine what is actually protected. Important cautions - Bankruptcy is governed by both federal law and state‑specific rules; the information above reflects a Texas‑focused perspective and may no longer be accurate. - Choosing between Texas exemptions and federal bankruptcy exemptions (where available) requires legal analysis. - The legacy site emphasized that a good Texas bankruptcy lawyer should help clients choose the exemption scheme that maximizes what they can keep. For current, case‑specific advice, anyone considering bankruptcy should consult an active bankruptcy attorney licensed in their jurisdiction. Source: http://www.lusky.com ## Where Lusky and Associates, P.C. works Lists University Park, Chapel Hill, Dallas, Frisco, Garland, Irving, McKinney, and Mesquite as a location. Names North, Texas, and United States as a service area. Areas beyond these are not published. ## Hours and contact Firm status and availability - Herman A. Lusky has retired from the practice of law. - As of December 31, 2024, Lusky and Associates, P.C. is no longer taking on new clients or new legal matters. - The website is being left online for general information only and may not be up to date. - Nothing on this site or from this agent is legal advice for your specific situation. You should consult an active, licensed attorney about your own case. About Lusky and Associates, P.C. (historical) - Small boutique law firm focused on consumer and business bankruptcy and debtor–creditor matters. - Based in Dallas, Texas and historically served Dallas, Plano, Richardson, University Park, Highland Park, Mesquite, Addison, Garland, Irving, McKinney, Frisco and the rest of North Texas. - Emphasized selective, personalized representation rather than high‑volume case filing. Contact details (historical) These details are provided for reference from the legacy website and may no longer reflect an active law office: - Phone: 972-386-3900 - Email: info@lusky.com - Former office address: 5473 Blair Rd., Dallas, TX 75231 - Mailing address used during COVID-19 period: - Lusky and Associates, P.C. - PO Box 795812 - Dallas, TX 75379-5812 If you need legal representation, please contact another active bankruptcy attorney licensed in your jurisdiction. Source: http://www.lusky.com ## Attorney profile – Herman A. Lusky (legacy) This profile summarizes biographical information from the legacy Lusky and Associates, P.C. website. It is historical and reflects the attorney's background prior to retirement. Professional background - Name: Herman A. Lusky (also known as "Hal"). - Board Certified as a Specialist in Consumer Bankruptcy Law and Business Bankruptcy Law by the Texas Board of Legal Specialization. - Practiced in the insolvency/bankruptcy field for over 40 years. - Recognized by D Magazine as one of the best lawyers in Dallas in the area of Bankruptcy; at that time he was noted as the only small‑firm bankruptcy lawyer on the list. - Founder of Lusky and Associates, P.C., a boutique firm opened in 1980 to represent both creditors and debtors in insolvency and bankruptcy matters. Education and early career - Undergraduate degree in Economics from Vanderbilt University (1967). - Attended the University of Texas School of Law. - Passed the Texas bar exam and was admitted to practice in May 1970. - Served as an Assistant City Attorney for the City of Dallas early in his career. - Later joined one of the oldest creditors' rights/bankruptcy firms in Dallas before founding his own firm. Professional activities - Co‑founder of the Bankruptcy and Commercial Law Section of the Dallas Bar Association in the mid‑1970s. - Served as president of that section in 1979 and 1980. - Frequent speaker and lecturer on consumer and business bankruptcy topics, including international consumer bankruptcy conferences organized by the State Bar. - Has consulted with other law firms on bankruptcy, insolvency, and technology matters. Personal notes - Nickname "Hal" comes from his initials (Herman A. Lusky). - Long‑standing interests in technology and cooking; early experience as a computer programmer during the "punch card" era. As of December 31, 2024, Herman A. Lusky has retired from the practice of law. This profile is provided for background only and does not indicate availability for new legal matters. Source: http://www.lusky.com ## Chapter 11 bankruptcy overview (legacy content) Chapter 11 bankruptcy (legacy overview) The information in this document summarizes content from the legacy Lusky and Associates, P.C. website about Chapter 11 bankruptcy in the Northern and Eastern Districts of Texas (especially the Dallas and Sherman/Plano divisions). It is historical and general only and may be out of date. As of December 31, 2024, the attorney has retired and is not accepting new Chapter 11 cases. Purpose of Chapter 11 - Designed primarily for business reorganization. - Generally difficult, complex, and expensive compared with other chapters. - Typically used when a business needs to continue operating while restructuring its debts. Key concepts from the legacy site - Automatic stay: Filing a Chapter 11 petition creates an automatic stay that usually halts most actions against the debtor or its property until the court orders otherwise. - Exceptions to stay: Certain matters, such as most criminal proceedings, are not stopped by the stay. - Utilities: Within about 20 days after filing, debtors must offer utility providers "adequate protection" (often a deposit) or risk disconnection. - Non‑residential real estate leases: Within about 60 days of filing, the debtor must accept or reject such leases, and must cure defaults to accept a lease, subject to possible court extensions. Oversight and procedures - Shortly after filing, the Office of the United States Trustee typically meets with the debtor to review operations and requirements. - Debtors usually must close existing bank accounts and open new ones in an authorized depository, with checks that show the case number and "debtor in possession." - Debtors must maintain appropriate insurance and document coverage for the Trustee. - A section 341 meeting of creditors is typically held about 30–45 days after filing, where creditors may question the debtor under oath. Cash collateral - "Cash collateral" includes cash and equivalents such as proceeds of accounts receivable and inventory when a creditor has a lien on them. - Debtors may not use cash collateral without consent of the secured creditor or a court order. Courts take violations seriously and may sanction debtors or counsel. Plan of reorganization and disclosure statement - The debtor typically has 120 days from filing to file a Plan of Reorganization, during which only the debtor may file a plan (unless the court changes this). - The plan must deal with secured creditors, administrative expenses, tax claims, and other creditor classes within bankruptcy code requirements. - A separate Disclosure Statement must provide enough information for creditors to make an informed decision, including: - History and description of the business - Historical and current financial information - Information about management who will continue after reorganization - Pro‑forma projections showing feasibility of plan payments - A liquidation analysis comparing plan recoveries to a hypothetical liquidation Debtor‑in‑possession and fiduciary duties - In most Chapter 11 cases, no separate trustee is appointed and the debtor continues to operate as a debtor‑in‑possession (DIP). - The DIP effectively acts as its own trustee and owes fiduciary duties to creditors. - Counsel for the DIP may also owe duties to the estate and cannot simultaneously represent conflicting interests of owners, officers, or affiliates. Costs and fees (historical figures) - Chapter 11 cases are generally expensive. The legacy site referenced: - A substantial court filing fee. - Significant attorney retainers (for even simple cases) in the several‑thousand‑dollar range. - These figures were illustrative at the time and are not current quotes or offers. For current requirements, costs, and options, anyone considering Chapter 11 must consult an active bankruptcy attorney. Source: http://www.lusky.com ## Chapter 13 bankruptcy overview (legacy content) Chapter 13 bankruptcy (legacy overview) This document summarizes information from the legacy Lusky and Associates, P.C. website about Chapter 13 bankruptcy in the Northern and Eastern Districts of Texas (especially the Dallas and Sherman/Plano divisions). It is historical and general only and may be out of date. As of December 31, 2024, the attorney has retired and is not accepting new Chapter 13 cases. What is Chapter 13? - A chapter of the Bankruptcy Code that allows an individual with regular income (not a corporation or partnership) to reorganize debts through a repayment plan. - Debts must be under a statutory limit (the legacy site referenced a combined limit including secured and unsecured debts). The repayment plan - Debtors propose a Chapter 13 plan to make monthly payments to a Standing Chapter 13 Trustee. - The Trustee distributes payments to creditors according to the plan and takes a commission (the legacy site referenced a commission of up to 10% of payments). - The plan may pay some creditors less than the full amount owed, but must be proposed in good faith. - Creditors must generally receive at least what they would have received in a Chapter 7 liquidation. - The court cannot confirm a plan unless the debtor is paying all projected disposable income into the plan. Discharge and non‑dischargeable debts - After completing all plan payments, a debtor may receive a discharge, which generally prevents discharged creditors from collecting on pre‑petition debts. - Certain categories of debts are typically not dischargeable, including (as summarized on the legacy site): - Debts of creditors who did not receive proper notice of the bankruptcy - Most student loans - Debts arising from driving while intoxicated that caused injury - Most child support and alimony obligations - Certain taxes - Debts where a creditor proves fraud in obtaining credit Key procedures from the legacy site - Filing requires preparing a petition, creditor list, and other documents, plus paying a court filing fee. - Within six months before filing, debtors must complete an approved credit counseling course. - All required Chapter 13 documents must be filed shortly after the petition; failure to do so can lead to dismissal and limits on refiling. - After filing, the court notifies creditors of the case and of the section 341 meeting of creditors. - Creditors should stop direct collection efforts once they receive notice of the bankruptcy. 341 meeting, courses, and confirmation - A 341 meeting is typically held about 30–60 days after filing. - Debtors must attend this meeting and answer questions from a representative of the Chapter 13 Trustee; creditors may or may not appear. - Before receiving a discharge, debtors must complete a financial management course approved by the U.S. Trustee. - A confirmation hearing on the plan is held, usually 20–45 days after the 341 meeting. Attendance requirements depend on local practice and attorney guidance. Plan payments and trustee oversight - Debtors generally must start making plan payments within a short time after filing (the legacy site referenced specific deadlines for Dallas and Plano). - If debtors fall behind, the Chapter 13 Trustee may move to dismiss the case, and debtors may lose protections and still owe many debts. - After the claims deadline, the Trustee issues a recommendation about claims; disputes may require hearings. Comparison to other chapters (from the legacy site) - Chapter 7: Often a quicker liquidation with no mechanism to cure arrears over time. - Chapter 11: Typically used for businesses and can be significantly more expensive and complex. - Chapter 12: Designed for certain family farmers; rarely used in urban areas like Dallas. Advantages of Chapter 13 compared to Chapter 7 (per the legacy site) - Ability to cure arrears on secured debts such as home mortgages or car loans over time. - Potentially easier to continue operating a small business in some situations. Bankruptcy law and local procedures change. Anyone considering Chapter 13 should obtain up‑to‑date advice from an active bankruptcy attorney licensed in their jurisdiction. Source: http://www.lusky.com ## What Lusky and Associates, P.C. has not published yet These are things people ask Lusky and Associates, P.C. that its published information does not yet cover. - prices or legal fees - availability for new legal matters - guarantees of debt relief or bankruptcy outcomes - specific legal advice for individual cases - timelines for bankruptcy proceedings - results of past or future court cases Ask anyway — the agent will say plainly that it is not published rather than guess. ## Where this comes from http://www.lusky.com