Chapter 13 bankrutpcy
Bankruptcy is not simply liquidation of debt for people without income or assets. It also allows high-income earners, homeowners, and those with a steady income to restructure their debt when they need assistance finding relief. We offer experienced and supportive advocacy focused on helping our clients assess their debt and achieve financial relief through bankruptcy. If you are considering bankruptcy, it is important to consult with a lawyer you can trust. You do have options and you do have rights.
Please call 972-538-0358 or contact us by e-mail to schedule an initial consultation or case evaluation directly with our attorney.
When you are overwhelmed by financial stress, the best decision you can make is to take action and admit you may need help getting out of debt.
Changes in Bankruptcy Law
The Bankruptcy Code was modified in 2005. While some people believe that this has made filing bankruptcy more difficult, it also leaves a number of options for individuals in need of debt relief. Even if you do not qualify for a Chapter 7 bankruptcy, you can still qualify for a Chapter 13 debt repayment plan. Our attorneys will help assess your current financial situation and develop a lasting debt relief solution plan on your behalf.
Chapter 13 may be a debt relief solution for you if:
You can not pass the "means test" required for Chapter 7
You want to stop foreclosure on your home
You want to stop harassment and collection calls from creditors
You are interested in reorganization of debt to pay off bills without interest or penalties
You are trying to stop repossession or wage garnishment
Debt Repayment Plan and Chapter 13
A Chapter 13 bankruptcy generally gives an individual the ability to reorganize their debt into a more manageable payment plan. Instead of paying on several individual debts, you can make a smaller payment to a trustee that will pay your creditors. After three to five years of paying on your various debts, some of them may be discharged as if you had paid them off in full.
Our clients always feel better leaving our office, knowing that they have rights and an advocate to protect them against creditors. The cost of filing bankruptcy is small compared to the money you can save by eliminating debt. Please feel free to contact our office for a free consultation on debt relief options.
Don't let fear hold you back from obtaining the fresh start you deserve. We offer a FREE bankruptcy consultation. For more information or to schedule a consultation with an experienced lawyer serving individuals, families, and businesses throughout Lewisville, Denton County and the surrounding areas of Texas, please call 972-538-0358.