Texas Congressman Files for Bankruptcy

September 19, 2011

Representative Rubén Hinojosa, a Texas congressman who is currently on the House Financial Services Committee, filed for personal bankruptcy earlier this year. According to court documents, Hinojosa has $2.9 million in liabilities and approximately $1.5 million in assets. The vast majority of the debt ($2.6 million) is a claim by Wells Fargo Bank. Hinojosa has stated that the problem was a loan he guaranteed for his family-owned meat company, which went bankrupt.

The House Financial Services Committee has jurisdiction over legislation affecting banks, but there are apparently no House rules that prohibit a lawmaker who owes large sums of money to a bank from serving on the committee.

Financial problems may affect virtually any type of person, in any walk of life. As a debtor, it is important to weigh your options so you can make the right choices about filing Chapter 7Chapter 13 or perhaps looking at an alternative to bankruptcy. The experienced team at Jacoby & Jacoby is committed to providing experienced legal counsel to debtors throughout Long Island, helping them through the decision-making process and through every step of their bankruptcy cases in order to help them address their debt.

Contact a Long Island bankruptcy attorney at Jacoby & Jacoby today.

Why Choose Jacoby & Jacoby?

Experienced and Qualified Representation

When you work with a New York bankruptcy lawyer at Jacoby & Jacoby, you have the benefit of our years of experience and our extensive resources, all at your disposal as you face these trying times. The stress and emotions associated with mounting debt may leave you feeling hopeless and lost. Thankfully, with the help of a lawyer at our firm, you can begin to take control of your finances and experience much needed relief.

By discussing your situation with an attorney at our firm, you can decide whether bankruptcy is right for you. You can learn what your options are. When you work with an experienced attorney at Jacoby & Jacoby, you will have the support and legal counsel of a professional who will know what to do to help. Finally, you can experience relief from creditors. You can stop worrying about losing your possessions or your home.

Contact our firm today, and learn more about the many ways that we can come to your aid. Call Jacoby & Jacoby at (888)452-2629.

  • NACBA logo
  • NYSBA logo
  • SCBA logo
  • NYSTLA logo

Schedule a Free Consultation

Schedule your FREE bankruptcy evaluation at (888)452-2629

  • This field is for validation purposes and should be left unchanged.

  • Suffolk County Offices

  • Medford Main Office

    1737 North Ocean Avenue
    Medford, NY 11763


  • Shirley Office

    450 William Floyd Parkway, Suite B
    Shirely, NY 11967


  • Bohemia Office

    80 Orville Drive, Suite 100
    Bohemia, NY 11716


  • Hauppauge Office

    150 Motor Parkway, Suite 401
    Hauppauge, NY 11788


  • Melville Office

    200 Broadhollow Road, Ste. 207
    Melville, NY 11747


  • Riverhead Office

    30 West Main Street
    Riverhead, NY 11901


  • Nassau County Offices

  • East Meadow Main Office

    2545 Hempstead Turnpike, Suite 304
    East Meadow, NY 11554


  • Uniondale Office

    626 Rexcorp. Plaza
    Uniondale, NY 11553


  • Valley Stream Office

    70 East Sunrise Highway, Suite 500
    Valley Stream, NY 11581


  • Queens Office

    Mercury Center
    9-10 Main Street, Suite 300
    Flushing, NY 11354


  • Lake Success Office

    1979 Marcus Avenue, Suite 210E, Lake Success, NY 11020


"We are a designated debt relief agency under Federal Law & we provide legal assistance to consumers seeking relief under the Bankruptcy Code".