Reorganizing Your Debts With Chapter 13 Bankruptcy

The bankruptcy process can be complex, and you may not be fully aware of your options. Our attorneys work with you to explain how the process works, your eligibility and how bankruptcy will impact your family.

If you meet the eligibility requirements, you may choose to file for Chapter 13 bankruptcy. Chapter 13 bankruptcy reorganizes your debts, and allows you to pay them off with a repayment plan. This differs from Chapter 7 bankruptcy which discharges your debts.

Call 254-781-4263 to schedule a complimentary consultation at our Killeen or Belton offices to learn more about Chapter 13 bankruptcy.

Are You Eligible For Chapter 13 Bankruptcy?

Chapter 13 bankruptcy, also known as Reorganization, allows you to use your income to pay off debt. In order to utilize this tool, you must prove that you receive a regular income, and that it is high enough to afford the necessary payments. If you cannot meet these minimums, you may need to file for Chapter 7 bankruptcy instead.

Our knowledgeable attorneys will thoroughly examine your debts, assets, and income to determine your eligibility and provide you with your bankruptcy options.

What Will Your Repayment Plan Look Like?

Each filer's repayment plan is individualized to reflect their debts and income levels. Your repayment plan will clearly detail how much you owe each of your creditors, and the payments' due dates.

The courts prioritize payment of certain debts over others. Known as "priority debts," you will be required to meet payments such as child support before other less pressing debts.

Repayment plans typically range between three to five years in length and are primarily based upon your income level.

Schedule A Free Consultation With Our Experienced Attorneys

Many Texas residents fear bankruptcy, and delay the filing process hoping for another option. You may be worried about foreclosure or that you could lose your car, but have not committed to filing. However, Chapter 13 bankruptcy can actually protect your house and stop the foreclosure process. But if you wait for too long and the foreclosure goes through, we cannot reverse this process. Instead of delaying, commit to speaking with our experienced attorneys about your options.

Call 254-781-4263 for your complimentary case evaluation. You may also contact Baker & Tisdale PLLC, online. Our careful lawyers can examine your situation and provide concrete steps to protect your financial future.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.