Chapter 13 Bankruptcy Attorney For Houston
What is Chapter 13 Bankruptcy?
There are various types of bankruptcy filings available to individuals having trouble paying their debts. State and Federal laws allow bankruptcy protection for those who find themselves unable to pay their bills due to unforeseen circumstances such as the loss of a job, a divorce, or unexpected medical bills.
When you have a steady income but your debts are more than you can pay every month and you find that you are at risk of losing your home, your vehicle or are being threatened by creditors, then a Chapter 13 filing may be the right choice for you. By consulting with the bankruptcy attorneys from the Malaise Law Firm, we can provide you with the advice you need to determine the best course of action.
A Chapter 13 filing may allow you immediately stop home foreclosure, an auto repossession, wage garnishment, and help to consolidate your debt into one monthly payment that you can afford. The filing of a Chapter 13 bankruptcy imposes an automatic order from the Bankruptcy Court that stops any home foreclosure or automobile repossession action. In most cases, filing Chapter 13 will allow you to consolidate the following debts into one monthly payment, thereby reducing your total monthly debt expenses:
- Past due property taxes
- Past due home owner association (HOA) dues
- IRS debt owed depending how old it is
- Credit card debt
- Department store debt
- Pay day loans
- Personal Lines of credit
- Mortgage Arrears or Home Equity (amount you are behind on your mortgage or home equity loan due to missed payments or escrow shortages)
- Your entire automobile payments (not only are we usually able to lower your monthly car payments and possibly interest, but we may be able to get you title to your automobile once the VALUE is paid, not what is owed - depending on when you purchased the automobile
- Medical Bills
- Debt obligations ordered by a Marital Agreement subject to a Divorce
- Child Support arrears
- Student loans (will stop a wage garnishment and pay all or some of the student loan debt during the length of the Plan but any student loan debt not paid through the Plan will survive the bankruptcy, with accumulated interest)
- And most other types of debts
Although there are other methods of handling your debt, such as debt negotiation, settlement or consolidation, a Chapter 13 filing may be the most effective method to handle your debts.
We Can Help
The Malaise Law Firm knows you are likely very upset and worried about your financial condition. That is why we offer quick relief from creditor harassment when you retain our services. Our legal team will offer you personal attention and excellent customer service throughout the handling of your case. Don't go on another day dealing with the stress and anxiety; contact our office today for a free initial consultation.
Chapter 13 may be the right choice for you. Find out by
contacting the Malaise Law Firm
, bankruptcy lawyers in Houston, Texas.