Friendswood Chapter 13 Bankruptcy Lawyers
Attempting to regain your financial footing after you have fallen into serious debt can be a daunting task, to say the least. But it is a challenge that is facing more Americans now than ever as a dependence upon consumer credit has filled in for a lack of increasing wages. Between the combined forces of fine print in the agreements that you sign with your creditors and the high cost of medical care if you suffer a serious injury, illness, or accident, the situation can appear hopeless.
But it does not have to be that way. Depending upon your individual circumstances, it may be appropriate to consider filing for bankruptcy protection. Contact the Friendswood Chapter 13 bankruptcy lawyers of Gipson, Norman & Root at 800-291-0898 to speak with a skilled and experienced attorney who is committed to helping you to escape the pressures of an unmanageable debt.
Chapter 13 Filing Basics
The United States Bankruptcy Code was created in a manner that recognizes the variety of different circumstances faced by debtors and seeks to offer a possible method of resolution for each. A bankruptcy attorney can counsel you about the best form of bankruptcy for your particular situation.
Here are a few basic facts about filing for Chapter 13:
- Only individuals who are presently engaged in employment are eligible
- Debts are not forgiven outright, but rather are paid off over an extended period according to a plan proposed by the debtor as part of the bankruptcy process
- A Chapter 13 filer’s assets are not subject to a liquidation sale
- Creditor-debtor contact is stopped by the filing throughout the duration of the bankruptcy
- Foreclosure proceedings may not be conducted while a debtor is in Chapter 13
Contact Us
There is no need to delay if you are consistently unable to meet the demands of your financial obligations. Contact the Friendswood Chapter 13 bankruptcy lawyers of Gipson, Norman & Root today at 800-291-0898 to learn more about how we can help you.
