Filing Chapter 13 Bankruptcy in Plano Texas

December 6, 2010

One of the most unique places to live in all of Texas, and consistently ranked highly among best places to live in the country, Plano Texas is still in a country reeling from recession. Foreclosures, unemployment, and debt are a major problem. While medical debt may be the leading cause of bankruptcy, foreclosure is a key cause of bankruptcy. And foreclosure is one of the reasons to file Chapter 13 bankruptcy in Plano Texas. This blog guide explains why you might file, how you should file, and what the advantages are.

What is Chapter 13 bankruptcy?
Chapter 13 bankruptcy is a debt repayment plan typically lasting 3-5 years. The other form of personal bankruptcy is Chapter 7, and it’s much more common in Texas. However, Chapter 13 bankruptcy is different. You are not eliminating debt. You are paying on it. You are not getting this done immediately; you are waiting some time for the results. There are some advantages too.

Why file Chapter 13 bankruptcy?
The Texas Homestead Exemption protects many Plano home owners from losing their home, but it’s not always an option. The Homestead Exemption makes it so you never will lose your home because of a debt owed, unless it’s the actual money owed on your home. If you stop making payments on your mortgage, you can lose your home. But if you cannot pay on any other debt, whether it’s credit or medical or some other money owed, the creditor cannot seize your home.

Now, what if you cannot keep up with the mortgage? The advantage with Chapter 13 bankruptcy is that you can set up a debt repayment plan to start making affordable payments on the mortgage. You can do the same with your other debts, including unsecured debts like credit and medical, and secured debts like your car. If you file Chapter 7 bankruptcy, you stand to lose more property and assets. If you file Chapter 13, you can protect your property and assets if you can pay on them over time.

Chapter 7?

Since we mentioned Chapter 7 bankruptcy several times, you may wonder why more Plano residents file this form of bankruptcy over Chapter 13. Chapter 7 bankruptcy can be quite effective in saving you money. It’s a liquidation, where your assets are liquidated in order to pay off debts. While it’s not common for major assets to be taken, it does happen. On the other hand, if you owe a lot, it can be more than worth it. You are not paying on your debts here; you are eliminating them.

How to Save Your Home
If you cannot keep up with your mortgage, and fear foreclosure, you may consider Chapter 13 bankruptcy to protect it. You can make your mortgage part of the repayment plan and buy yourself some time.

How to Get Help
If you are unsure about how Chapter 13 bankruptcy will help you or protect your Plano home, it’s time to consult with an experienced Texas bankruptcy lawyer. A lawyer is invaluable in understanding bankruptcy, in saving money, and in protecting key assets.

The Dallas Chapter 13 Bankruptcy Solution

November 8, 2010

You may be able to save your home and/or buy valuable time by filing Chapter 13 bankruptcy. For Dallas residents, foreclosures are less of a problem than in other parts of the country, but if you lose your job or suffer some unexpected bill, filing bankruptcy can help. This guide briefs you on the basics of filing Chapter 13.

You’re Not Eligible

The Texas state median income defines the means test for Chapter 7 bankruptcy. If you make too much money, you may not be eligible for Chapter 7. This is not always bad; Chapter 13 offers more protection in secured debts, and you get more time to pay off bills. If you make more than the following, you may have to consider Chapter 13.

1 person: $38,801
2 person family: $55,660
3 person family: $59,011
4 person family: $66,145
More allowed income if you have a larger family.

You Owe Secured Debts

If you owe a lot of secured debt, you have much better protection with Chapter 13 bankruptcy. Say for example you live in Dallas and you want to file bankruptcy because of a major debt, but this debt is a credit or medical. These are unsecured debts. If you are eligible, Chapter 7 may be better. If you make too much money, Chapter 13 allows you to make payments over a more manageable period of time. You typically get 3-5 years, where a lot can change (such as getting a new or better job), allowing you to pay on debts.

Say you own a Dallas home, but your spouse loses his job and you start falling behind on mortgage payments. Where you may think the homestead exemption protects you – which we’ll be going over – remember that it does not protect you from the mortgage lender. Chapter 13 bankruptcy, on the other hand, can stop a foreclosure if you file correctly.

File Correctly

If you file too late, if you wait until the foreclosure process has started, a Chapter 13 bankruptcy may be pointless. Timing is everything when you’re considering bankruptcy to stop a foreclosure. So, if you stop making payments, act quickly. Start considering bankruptcy.

Understand the Homestead Exemption
As noted, you do have some protections with the homestead exemption, namely from creditors. However, it does not stop the lender from taking the home. That makes filing Chapter 13 bankruptcy to protect your Dallas home even more valuable. If you own a home in the city, worth $150,000, something you and your family have lived in for years, losing it can be life changing. Therefore, consider protecting yourself with a Chapter 13 bankruptcy.

Get Legal Help
Finally, you need a lawyer 100% of the time when considering Dallas bankruptcy. He or she can explain in more detail how the homestead exemption works, when to file for bankruptcy, if you should file Chapter 7, and when Chapter 13 is best. Legal help is necessary, and it won’t cost you a fortune. If you cannot hire a lawyer, you risk filing incorrectly and losing far more. Negotiate, get a loan, do whatever you can to hire an experienced lawyer. The benefits of bankruptcy far outweigh the fees.

Saving Money on Texas Chapter 13 Bankruptcy

July 19, 2010

You can’t save any money when it comes to bankruptcy, right? Actually, there are ways to save on expenses involved. While this blog guide is not about actually putting money into your savings, it can help you save some reasonable amounts of money so you can use them for needed essentials. Money is the prime problem many have when filing for bankruptcy, so of course saving money when filing, on paying debts, and on hiring an attorney is paramount. Here is some help.

Advantages of Texas Chapter 13

For Texas Chapter 13 bankruptcy, you may wonder how filing can help you. Clearly, Chapter 7 has quite an impact on your debts. If you can discharge $100,000 in debt for a fraction of it, that’s an easy decision.

Chapter 13 is different. Texas home owners and those with a lot of assets quite often are in danger of losing them when filing Chapter 7. Why is because your trustee is designated with selling assets to pay for debts owed. In most bankruptcies, you lose nothing, but the more you have the more you might lose.

Chapter 13 bankruptcy can stall if not stop a foreclosure, protect other properties from being taken, help you keep your car, and give you a fresh start for often a smaller amount than owed. With the help of a Texas lawyer, you can reap the rewards of a successful bankruptcy.

During the Bankruptcy – The Long Chapter 13 Plan
Chapter 13 does take some time, typically 3-5 years. That means saving money during bankruptcy is crucial. You can’t save money on the filing fees, $274 to file, but you can save money in terms of your assets. Consider how much time and money you put into your home and/or other properties; consider how much your car is worth; and if you have other valuable assets in danger of being taken, you likely want them too. You can potentially save thousands by stopping a foreclosure, keeping your car, and protect other valuables you still owe money on.

Chapter 13 is advantageous because in Chapter 7 you liquidate. You rarely lose anything in Chapter 13.

Attorney Costs
Yes, you can save money in your Chapter 13 bankruptcy by hiring a reasonably priced lawyer. In rare cases do you need to spend many thousands of dollars. Typically, a professional, experienced attorney charges $1,000 to $2,000 to help you. Consider how much you’ll save by filing Chapter 13; if you have a $200,000 home, a Texas bankruptcy attorney can ensure you keep it.

After Bankruptcy

After your Chapter 13 repayment plan is done, you are free of most all your debts. You are discharged much like a Chapter 7. The only difference is you paid some or all of the debts off. Now it’s time to start budgeting and cutting down on expenses so you can really start fresh. The biggest problem many have is in failing to save enough money to avoid having to file bankruptcy again.

Filing Dallas Chapter 13 Bankruptcy

June 19, 2010

If you file bankruptcy in Dallas Texas, you would go to the Northern District of Texas. But before you do, there are some things about filing Dallas bankruptcy you should know, especially if you plan on filing for Chapter 13. This post can help.

Eligibility for Texas Chapter 7

You may also be eligible for Chapter 7 bankruptcy. Most all citizens are eligible for Chapter 13, unless you have hundreds of thousands in debt. If you want to file Chapter 7, you must be be below the median income for the state. Here are the numbers.

1 Person – Annual Income Less Than $38,801
Family of 2 – Annual Income of Less than $55,660
Family of 3 – Annual Income of Less Than $59,011
Family of 4 – Annual Income of Less than $66,145
Add $7,500 in most cases per any additional family members.

If you make less than these numbers, you may consider filing Chapter 7. It can be very helpful in cases where you have a lot of debt you simply cannot afford, such as credit, medical, and mortgage debt.

Why Chapter 13?

If you’re a Dallas resident considering personal bankruptcy, you may wonder why you would not choose Chapter 7. Clearly this form can help in ways Chapter 13 cannot. In some cases you are not eligible. In others, you do not want to lose your home. Dallas Chapter 13 puts into motion a plan for keeping all your assets. If you fear foreclosure on your home, Chapter 13 is a far better option in most cases (though you can set up a payment plan for your home with Chapter 7 by working with your trustee). What happens is the moment you file, a judge will put an “automatic stay” on your home, stopping any foreclosure proceedings. If you file early enough, before the papers are filed, you don’t just stall the foreclosure: you can completely stop it.

Also, if your problem isn’t credit or medical debt, Chapter 13 can be easier. It’s a 3-5 year plan where you pay back debts, but these are designed to be affordable. If you have no job and little to no income coming in, Chapter 7 is better. If you have a job and some income, a Chapter 13 debt repayment plan can be very beneficial. It just depends on the kind of debts and assets you have.

How do you file?

You typically hire an attorney first, then file with the court. The fee for filing Chapter 13 bankruptcy is nominal, $274. Lawyer fees cost more, but are designed to be affordable. After all, you’re not filing bankruptcy because you’re rich. Most Texas bankruptcy lawyers charge from $1,000 to $2,500 to handle a case. This comes with many benefits. They can help you fill out documentation, successfully submit to the court, represent you in court, help with your debt repayment plan, stop creditor harassment, give tips on keeping all your assets including your home, and also advise you on how to avoid future bankruptcy.

The First Step

Are you ready to file for Chapter 13 bankruptcy? Unsure if it’s right for you? It takes some time to make the decision. The important thing is to not make it alone. You can consult with an experienced Dallas bankruptcy attorney today to see if Chapter 13 is best for you.

Making the Texas Bankruptcy Decision

June 17, 2010

Still not sure if filing bankruptcy is for you? Clearly there are many ways to look at it, advantages and disadvantages to filing, and the fear it can bring. For one, bankruptcy is a solution, a tool designed to help. It can be a life changing event, but for the good. For one, some think that by filing, you’re giving up all your assets, you’re ruining your credit, or even worse, that you’ll never be free of it. There are many other myths too, but remember the earlier point, that bankruptcy is a tool, and you can be free of this.

This post will help you make decisions beyond the myths, to help your finances and give you a fresh start.

Myths of Bankruptcy
For Texas bankruptcy, common culprits are bills, debts, and cards made of plastic. The myths abound. You won’t have to pay back taxes or alimony (you will). Bankruptcy will ruin your credit (it won’t). That you’ll lose all your assets with Chapter 7 (you rarely lose anything). That you won’t be able to afford to pay back debts, even with a Chapter 13 repayment plan (many can). Bankruptcy won’t give you a bad name, won’t make it impossible to get a loan, and you certainly won’t lose all your assets. Remember this is a tool, and over 1 million use it every year to successfully discharge debt, save property, save money, and save time.

Advantages of Bankruptcy
This all depends on the form of Texas bankruptcy you want to file. We go over Chapter 7 and Chapter 13 many times on the Higgins and Associates blog. The biggest benefits for each is simple. Chapter 7 can discharge pretty much all your debt. Chapter 13 can pay it back, but save assets like your home from being lost.

There are other benefits. In both forms of personal bankruptcy, you can be free of creditor harassment. In both forms, you can successfully rebuild your credit; if it’s already bad, you can get a fresh start building it by handling your credit correctly. And if you choose to file Texas personal bankruptcy, you need not live in fear of the repo-man or your home being taken.

Disadvantages of Bankruptcy
Bankruptcy will stay on your credit for 10 years. It will be hard to get a major loan for some time, such as a new mortgage, but it’s more than possible. You won’t discharge all debt with Chapter 7, and sometimes your creditors can appeal your filing. For Chapter 13, you are still liable for debts: if you cannot pay at least some amount, you may start running out of options.

Making the Choice
If you need help making the choice, you don’t call your creditors. You call someone who can help, like an experienced Texas bankruptcy attorney. You first should research how bankruptcy works, what you’re eligible for, what debts you can discharge, how long the process takes, and what’s expected from you if you want to keep your assets. These decisions are better made with an educated mind.

Asking for Help
Asking for helping is always tough, but when making a decision on bankruptcy, it’s simply a must. You cannot file for Texas bankruptcy without some guidance of a professional. It’s worth the time and money to search for and hire a lawyer, because he or she will actually save you from major mistakes, and save you money by making the bankruptcy work for you.

Now that you’ve finished, it’s time to make that big choice. Remember not to make it alone.

Property You Can Keep After Texas Bankruptcy

June 11, 2010

Common bankruptcy questions we hear include worries on losing major assets such as a home and car. You’re right to be concerned about these things, as you can lose some assets when filing bankruptcy. However, most bankruptcy filers lose absolutely nothing.

You have to look at what got you into this situation, what want to keep, and what you’re willing to lose. Technically, you can keep major assets if you can afford them. You can hold on to your home, vehicle, and valuable assets such as jewelry, even in a Chapter 7 bankruptcy. First let’s go over what you can legally keep, what you may lose, and then how to keep the most assets.

What You Can Keep
If you’ve lived in Texas all your life, or even just a few years, you are legally able to keep the majority of your assets in a Chapter 7 bankruptcy. Chapter 7 is where you file to discharge debts, with the point being some of your assets may be sold to pay back creditors; in other words, you liquidate items to pay debts. Again, it’s rare you actually have assets sold, but a trustee appointed by the bankruptcy judge can do precisely that by law.

Exactly what can you keep?
-You can keep any equity you have in your home, as well as all home furnishings up to $30,000.
-You can also keep jewelry and heirlooms up to $7,500.
-Bicycles, guns, and sporting equipment are usually exempt.
-You can keep your car usually, sometimes more than one if multiple family members have cars and depend on them.
-Social security benefits are always exempt, as are retirement accounts.

By law, child support and back taxes cannot be discharged in personal bankruptcy. If you’re hoping to discharge these debts, Chapter 7 simply will not work. You are legally bound to pay them. But as you can see, the majority of your major assets can be exempt.

Advantages of Texas Chapter 7
Most are eligible for Chapter 7 bankruptcy, but if you make a lot of money, you may be required to create the debt repayment plan involved in Chapter 13. Chapter 7, as earlier noted, discharges debts and is far more common than Chapter 13. You can in most cases keep your home. If any assets such as your car or home are not exempt, you can legally pay the court appointed trustee in order to keep it; that means you can pay on certain debts. You just have to have the money do so.

Chapter 7 bankruptcy has the most direct effect of any bankruptcy filing. It can eliminate the majority of your major debts and give you a fresh start. It only takes a few months to go through. And an experienced Texas bankruptcy attorney in your area can help with topics such as exempt and nonexempt assets.

Advantage of Texas Chapter 13
Chapter 13 is less effective in removing your debt obligations, but you can use it to save assets. In some cases, Texas filers who make more than the state average are not eligible for Chapter 7. Don’t worry: Chapter 13 has its own advantages. It’s the best way to stop a foreclosure before it happens. As long as no foreclosure papers have been filed, you can file Chapter 13, a judge will put an automatic stay on your home, and you can start making more affordable payments on it. It’s the same with all your assets. Nothing will be sold. You will create a debt repayment plan in order to make these debts affordable.

Keeping Assets – The First Step
You need an experienced Texas bankruptcy attorney to look over your situation. He or she can go over eligibility, exempt and nonexempt property, help you keep assets with Chapter 7, and help you save your home from foreclosure with Chapter 13.

Choosing Forms of Personal Bankruptcy in Lake Worth Texas

June 9, 2010

Lake Worth may be that little Texas city compared to Dallas, but when it comes to financial problems, it really doesn’t matter. Unfortunately, Lake Worth bankruptcies have been high in recent years. Recent research reports that the median income for Lake Worth residents is at about $40,000 a year. This is important because of the rise in bankruptcies and nationwide in past years.

You lose your job, you don’t have insurance and get a major injury with medical bills looming, or your home is about to go into foreclosure. What do you do next?

For personal bankruptcy, your options are Chapter 7 or Chapter 13. If you want to eliminate thousands in debt because you have little to no income, Chapter 7 is wise. If you have an income but want to rework your payments, Chapter 13 is very smart. Let’s go into the details even more.

Chapter 7
Chapter 7 bankruptcy is a liquidation. You file with Texas bankruptcy court, paying the fee of $299, and then a trustee is appointed to handle your case. This trustee will be in charge of liquidating some if any nonexempt assets you have. That means the trustee will sell your possessions to pay back your creditors. In most cases, you don’t lose anything.

You can discharge much of your debt, including credit card, mortgage, and medical bills. You cannot discharge taxes, alimony, child support, and time other debts.

Chapter 7 is smart if you have little income and sometimes if you have little assets. It only takes a few months to go through,and you get a fresh start financially. The majority of Lake Worth bankruptcies are Chapter 7.

Chapter 13
Chapter 13 bankruptcies are used less in Lake Worth and nationwide. About 25% of personal bankruptcy is Chapter 13, while 75% is Chapter 7. Chapter 13 is a debt repayment plan, not a discharge of debt. For example, if you have $5,000 in credit card debt, you will be reworking payments, but still paying for them. That’s the main reason more Lake Worth residents file Chapter 7. However, Chapter 13 can save your home from foreclosure; Chapter 7 cannot.

It works like this. If you miss a few payments for your Lake Worth home, and foreclosure is on the horizon, you can file Chapter 13 and if successful a judge will put an “automatic stay” on your home. The lender cannot foreclose your property. If you’ve owned this home for years and love it, and if you’ve put a lot of time and money into it, Chapter 13 can effectively save it.

Credit Cards
On the other hand, if credit and medical debt is your main problem, Chapter 7 is better. It can also discharge mortgage debt, but you’ll typically lose the home in a matter of months unless you can afford to pay on it separately.

If creditors are harassing you night sand day, both forms of personal bankruptcy can effectively stop it. So can an experienced Lake Worth bankruptcy attorney.

Lake Worth Bankruptcy Attorney
Does some of this sound like a textbook on legal information? That’s because it’s complicated to file bankruptcy. You need to hire an Lake Worth bankruptcy attorney to answer questions, solve problems, and help choose between Chapter 7 and Chapter 13.

How Much Will Texas Chapter 13 Cost

June 3, 2010

Texas Chapter 13 bankruptcy is very advantageous, but not your only solution. Actually, more file Chapter 7 bankruptcy than Chapter 13, about 3 in 4 filing with the former. However, Chapter 13 bankruptcy has some clear advantages, especially if you make enough money.

1-Most are eligible for Chapter 13, with only hundreds of thousands in debt stopping some from filing.
2-You can save your home from foreclosure.
3-You can keep other assets.
4-You can rework bills so you can afford them.
5-You can avoid wage garnishments.
6-Filing is cheap.

How much does filing really cost? Actual court costs are $299 for Chapter 7 and $274 for Chapter 13. If you file jointly with a spouse, that’s a one time fee to pay the local Texas court.

You should also consider hiring an experienced Texas bankruptcy attorney. Hiring one has many advantages.

1-Save time in filing.
2-Correctly file with court.
3-You can get counsel on whether you should choose Chapter 7 or Chapter 13.
4-An attorney can stop all creditor harassment
5-An attorney can help save your home from foreclosure.
6-And an attorney can save you money by helping to keep other important assets like your car.

How much does it cost to hire an experienced attorney? For Texas bankruptcy, the rates vary depending on the case. Chapter 13 is a longer process than Chapter 7, but once you appear in court, the plan is accepted, and you start paying debt, it’s very simple. An experienced attorney will charge from $1,000-$2,000 in most cases to help you with bankruptcy. If your case is more complex, it may require added time.

Chapter 13 bankruptcy can save you money in many ways. If you have been paying  on a home for years, and you’ve kept it up, all that time and money could mean nothing if foreclosure goes through. It’s the same with other assets, such as your car. If you make too much money, you can’t discharge debts with Chapter 7. But Chapter 13 allows people who make more if not much more money to rework how they pay back debts.

The process takes 3-5 years, but it’s more than worth it. Act now if you fear foreclosure, as by federal law if the foreclosure is begun, you cannot stop it. Hire an experienced  bankruptcy attorney in your area  of Texas today.

Problem – What if You’re Not Eligible for Chapter 7 Bankruptcy

May 21, 2010

What if you find out you’re not eligible for Chapter 7 bankruptcy? For Texas bankruptcy, this problem is unfortunately common. However, many are still eligible for bankruptcy. Under new bankruptcy code, you are eligible based on income. For Texas residents, the numbers are as follows.

1 Person – Annual Income Less Than $38,801
Family of 2 – Annual Income of Less than $55,660
Family of 3 – Annual Income of Less Than $59,011
Family of 4 – Annual Income of Less than $66,145
Add $7,500 in most cases per any more family members.

That’s the laws for Texas, and are different for other states. If you, for instance, are a married family of 3 including one child, and you make $50,000 combined, you are likely eligible. If you make $65,000 combined and you live in Texas, you are not eligible. Again, these are the  numbers for Texas median incomes. For other states, look on the web for the 2010 annual median income and you can find out.

What is Chapter 7 Bankruptcy?
For Texas and other states, the main goals of Chapter 7 bankruptcy are pretty common. One of the biggest reasons individuals and families file for bankruptcy is because of medical bills; some studies say as many as 60% of bankruptcies are caused by medical problems. Chapter 7, a liquidation proceeding, can eliminate these debts.

What if You Make too Much Money?

Okay, so you’re not eligible for Chapter 7. What are your options? You can still file under Chapter 13. Chapter 13 is a debt  repayment plan; you pay back debts instead of discharging them. The good news is, there are key advantages to Chapter 13.

What if You’re Behind on Mortgage Payments?

One of the biggest benefits of Chapter 13 bankruptcy is being able to keep your home. Say you are married, you and your spouse make $80,000 year, and you have two children. You make too much, for Texas residents at least, to file for Chapter 7. But, if you own a home and want to keep it, you can successfully head off foreclosure with Chapter 13. How? Chapter 13 comes with an “automatic stay” where your creditors cannot seize any property. If you are eligible, if you can maintain mortgage payments, you can save your home.

How Do You Qualify for Chapter 13?
If you make too much for Chapter 7 bankruptcy, Chapter 13 is a good option. Now, you still have to be eligible. For every citizen the of the U.S. there is a set amount for Chapter 13 eligibility. You must have secured debts less than $1,010,650, and unsecured debts of $336,900. Most are easily eligible.

Can You Negotiate Outside Bankruptcy?
Yes, there are alternatives to bankruptcy. Bankruptcy has negatives; it would be wrong to say otherwise. But more often than not, simply negotiating with creditors or hoping you get enough money to pay back debts does not work. If you are one of the many with high credit card and/or medical debt, Chapter 7 is your best option. If you have a high paying job but are falling behind on bills and mortgage payments, Chapter 13 is very good.

How a Texas Attorney Can Help with Chapter 13 Bankruptcy

May 10, 2010

How can an attorney help you before, during, and after bankruptcy? Clearly there are advantages in filing for Chapter 13 bankruptcy, especially in Texas, so let’s find out those first.

Advantages of Texas Chapter 13
Since unemployment rates and foreclosures are a still a problem  nationwide, including Texas, you might wonder what Chapter 13 bankruptcy can help with.

Plenty, because by filing you can save your home from foreclosure, buy time to catch up with bills, and be free of creditors during the entire plan.

There are some disadvantages for Chapter 13 when compared to Chapter 7, namely the fact you cannot eliminate debt in Chapter 13. However, if you make too much money, if you fear you’ll lose your home to foreclosure, an experienced attorney will tell you Chapter 13 is the best. You can’t save your home with Chapter 7.

How do you hire a Texas attorney?
Hiring an attorney is that big first step before bankruptcy. To hire one, look over 3 crucial parts: experience, availability, and price. When used together, these can really help you choose between the lawyer who has an office in town and the lawyer who specializes in helping home owners avoid foreclosure in Texas.

How much experience does a Texas bankruptcy attorney need? First, they should specialize in personal bankruptcy. They should have close to a lifetime in training and work. When it comes to price, it depends on your financial institution, but you can get an experienced Texas bankruptcy attorney for $1,000-$2,500 in most cases.

How does the attorney help?

Before you even file with the Texas court in your area, be sure to hire an experienced bankruptcy attorney. Before the bankruptcy, a good attorney will see what you’re eligible for, if you’ll lose any assets, if Chapter 7 or Chapter 13 is best, and how to plan for your future. During the proceeding, you’ll be asked to appear briefly in Texas court for Chapter 13. For the most part, your attorney will handle the entire process, saving you valuable time and avoiding mistakes.

Also during the bankruptcy, your attorney can stop all creditor harassment. If the phone is ringing off the hook from creditors calling about past due bills, an attorney can either stop these calls completely or handle them in his/her office. This may seem minor, but if you’ve ever been the subject of creditor harassment, you know how invaluable this is.

Finally, before the bankruptcy is over your attorney helps you prepare for a fresh start. For Chapter 13, it will be a 3-5 year process, where you will be able to save your home, car, and other assets, and maintain your job without threat of wage garnishment. The process start when you hire the right Texas bankruptcy attorney.

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