Galveston County Chapter 13 Bankruptcy Lawyers
As a consumer who has become crippled under a load of seemingly unmanageable financial obligations, the most important initial step out of that bleak situation is becoming educated about your options. Unfortunately, creditors are opposed to helping you in this regard and instead pursue the debts owed through harassing letters, phone calls, and threats against your property, legal standing, and other aspects of your life. One of the things they are terrified that you may discover is that filing for bankruptcy is not the end of the world.
If you are continually unable to meet your repayment obligations and pay your bills in a timely fashion, then it might be worthwhile to speak with an experienced bankruptcy attorney. Contact the Galveston County Chapter 13 bankruptcy lawyers of Gipson, Norman & Root at 800-291-0898 to schedule a free initial consultation.
Details of Chapter 13 Bankruptcy
Different chapters of the United States Bankruptcy Code are intended to help different kinds of debtors in distinctly separate financial circumstances. For example, Chapter 13 Bankruptcy is limited to individuals, while other forms of bankruptcy are designed for businesses. Some provisions specific to Chapter 13 include the following:
- Persons filing for Chapter 13 must be employed
- Debts are to be repaid pursuant to a 3-5 year plan proposed by the debtor
- Throughout the bankruptcy period there is no creditor-debtor contact
- A filer’s assets are not subject to a liquidation sale
- Chapter 13 filings halt foreclosure proceedings and preclude them during the bankruptcy
Contact Us
The time has come to take control of your financial life and to turn it back in your favor. Contact the Galveston County Chapter 13 bankruptcy lawyers of Gipson, Norman & Root today at 800-291-0898.
