Angleton Chapter 13 Bankruptcy Lawyers
The problem of overwhelming consumer debt has become widespread in recent years, as predatory credit
card companies have helped place debtors in unfavorable positions while the economy has turned sour.
In many cases, despite their best intentions, individuals who are gainfully employed are simply unable
to keep up with their ever-increasing financial obligations. The mounting pressure of collection calls
and letters can prove extremely frustrating. Fortunately, help is available.
Depending upon the specific details of your financial circumstance, you may be able to pursue bankruptcy
protection under the provisions of Chapter 13 of the United States Bankruptcy Code. Through a bankruptcy
filing you can put an end to the aggressive collection efforts and negotiate a newly proposed repayment
plan with your creditors. Contact the Angleton Chapter 13 bankruptcy lawyers of Gipson, Norman & Root at 800-291-0898
to schedule a free initial consultation.
Understanding the Provisions of Chapter 13 Bankruptcy
There are key distinctions between the differing forms of bankruptcy protection, some of which impose
qualifications and limitations on the filing parties. Some specific elements of Chapter 13 bankruptcy
protection that can help you to better understand whether it may be suited to your current financial
situation are:
- Chapter 13 is only accessible to individuals who maintain gainful employment
- Unlike Chapter 7 bankruptcy, there is no required sale of assets
- Debts must be repaid on a fixed payment plan over 3-5 years, depending upon the debtor’s income
- Foreclosure proceedings are brought to a halt
- Creditors are barred from debtor contact throughout the bankruptcy period
Contact Us
Take control of your financial future and gain yourself some much needed peace of mind. >Contact the Angleton Chapter 13 bankruptcy lawyers of Gipson, Norman & Root today at 800-291-0898.
