For most individuals, families, and businesses that are seeking to pursue the "American Dream", entering into debt is a necessary evil. Very few people have the financial resources that are needed to purchase an automobile, home, or to pursue higher education without obtaining financial assistance from some entity. When life events render one unable to make timely payments pursuant to the terms of the established repayment agreements, the consequences can be severe.
Chapter 13 Bankruptcy in Pearland, Texas
As you fall farther behind and further into debt, your creditors are likely to resort to increasingly aggressive collection efforts. The frequent calls and letters can cause you serious emotional distress and may even take a toll on your interpersonal relationships. Contact the Pearland Chapter 13 bankruptcy lawyers of Gipson, Norman & Root at 888-512-6044 to schedule a free 30 min. consultation with a skilled and experienced attorney who is committed to helping you take control of your financial situation.
Chapter 13 Bankruptcy Information
Each of the different forms of bankruptcy protection outlined by the United States Bankruptcy Code is intended to aid debtors with separate debt situations and financial circumstances. Chapter 13 Bankruptcy is not available to businesses, for example. Other important information that may guide you in your consideration of a possible Chapter 13 filing is:
- Bankruptcy sales are not required
- All foreclosure proceedings are halted and prevented during the bankruptcy
- To file for Chapter 13 a debtor must be currently employed
- Debts are to be paid pursuant to a 3-5 year plan proposed during the filing process
- There can be no attempts by creditors to contact a debtor during the bankruptcy
Living under a cloud of debt can be a miserable experience, and there is no need to let it endure. Contact the Pearland Chapter 13 bankruptcy lawyers of Gipson, Norman & Root at 888-512-6044 to discuss your legal and financial options.