Manvel Chapter 13 Bankruptcy Lawyers
Living in constant debt has become a way of life in the United States. Entering into debt is viewed almost as a necessity if one wishes to pursue higher education, purchase a car, or buy a home. These are not only status symbols, but are rather increasingly thought of as requirements of functional 21st century life. The difficulty with debts, however, is that they leave you troublingly vulnerable to external pressures and unforeseen disruptions to your stream of income.
If an unexpected illness or injury accident has required you to obtain significant medical care, or other factors have left you unable to keep up with your financial obligations, then bankruptcy may offer the best chance for immediate relief. Contact the Manvel Chapter 13 bankruptcy lawyers of Gipson & Norman at 800-291-0898 to speak with a skilled and experienced bankruptcy attorney about the potential benefits of a filing in your case.
Important Information Regarding Chapter 13 Bankruptcy
It can be confusing to sort through all the information and misinformation that is out there about bankruptcy. The fact that there are different chapters of the United States Bankruptcy Code under which a debtor may file is one primary source of confusion. Important facts about Chapter 13 Bankruptcy include the following:
- The bankruptcy filer’s assets are not subject to a bankruptcy sale
- Foreclosure proceedings may not be initiated or executed during the bankruptcy
- Only presently employed individuals are eligible for Chapter 13 filing
- The debtor will propose a repayment plan of 3-5 years in duration
- Creditors are prohibited from contacting debtors during the bankruptcy period
Contact Us
Do not delay in seeking the help you need to escape from an overwhelming mass of debt. Contact the Manvel Chapter 13 bankruptcy lawyers of Gipson & Norman today at 800-291-0898.
