Houston Bankruptcy Attorney

Advantages of Chapter 13 Bankruptcy

There are a number of advantages that Chapter 13 bankruptcy may have over other forms of debt relief. Depending on your income level, the amount of property you have that needs protection from liquidation and whether you are dealing with foreclosure and would like to keep your home, Chapter 13 may be the better option for you.

A Houston bankruptcy attorney experienced in handling Chapter 13 bankruptcy cases can help you properly file your petition and can assist you with all aspects of your case to ensure that all information regarding your financial situation is filed with the court, that your repayment schedule is proposed and that you have the opportunity of experiencing all of the benefits associated with this type of bankruptcy.

Following are just a few examples of the advantages you may experience with a Chapter 13 filing:

• You may have the opportunity to save your home from foreclosure, as past due mortgage payments may be included in your Chapter 13 repayment plan.
• If you feel a moral obligation to pay your debt, you will be able to satisfy this by making regular - and affordable - payments with your Chapter 13 case.
• All debt collection efforts and lawsuits against you will cease once you file.
• Your payment plan will be based on your income and expenses and will not be a ridiculous amount of money that you have no hope of paying.
• You may be able to address tax debt or other types of debt that are not normally addressed through bankruptcy by including them in your payment plan.
• When you finish your repayment plan, all remaining eligible debt will be discharged, leaving you free to face a fresh financial start.

Experience the Benefits Chapter 13 Has to Offer - Contact a Houston Bankruptcy Lawyer

Make sure your legal rights are fully protected through the Chapter 13 bankruptcy process, from the initial filing all the way through to the discharge of your debt. Contact a Houston Bankruptcy Lawyer at our offices today.