Hitchcock Chapter 13 Bankruptcy Lawyers
There is no question that the contemporary American culture places a lot of emphasis on the ability to make purchases or enter into financial agreements that exceed one’s concrete financial grasp. Buying a home or an automobile and even pursuing higher education can require a person to assume significant amounts of personal debt.
The inability to make your payments timely after having established a contractual arrangement with your creditors can have a seriously adverse effect on your future opportunities. Moreover, it can create a seemingly inescapable cycle of increasing balances.
The collection letters and calls are only the beginning, and there is no need to endure them any longer when the stress begins to take its toll on different areas of your life. Contact the Hitchcock Chapter 13 bankruptcy lawyers of Gipson & Norman at 800-291-0898 to schedule a free initial consultation in which you can learn more about your rights and options in this difficult situation.
Filing for Chapter 13 Bankruptcy
Every set of individual financial circumstances is completely unique, with different factors influencing income level and the ability to pay. In order to address these different needs, the United States Bankruptcy Code offers distinctly separate forms of bankruptcy protection to struggling debtors. Some of the information pertinent to an individual who is considering Chapter 13 is:
- Only presently employed people may file for Chapter 13
- The debtor will propose a 3-5 year repayment plan
- Creditors may not contact the debtor during the bankruptcy period
- There is no liquidation sale associated with a Chapter 13 filing
- Foreclosure cannot be initiated or continued during the bankruptcy
Contact Us
Let us help you to put an end to this needless distress. Contact the Hitchcock Chapter 13 bankruptcy lawyers of Gipson & Norman at 800-291-0898.
