Texas City Chapter 13 Bankruptcy Lawyers
Most people have debts, whether they are student loans, auto loans, mortgages, credit card bills, or other expenses. When we take on these debts, we usually do so with the assumption that we will be able to repay them over time. Unfortunately, as you may know from experience, life can interfere with our plans in many different and unpredictable ways.
Due to unexpected circumstances, you may now find yourself in the unenviable position of enduring an onslaught of collection calls and letters. To begin setting yourself back on the path to financial stability, contact the Texas City Chapter 13 bankruptcy lawyers of Gipson, Norman & Root at 281-332-4800 to schedule a free consultation.
About Chapter 13 Filings
If bankruptcy is the right choice for you, you have different options to consider, such as filing for bankruptcy under Chapter 13 of the US Bankruptcy Code. Some important information about Chapter 13 bankruptcy that you should know is:
- Liquidation of assets through a bankruptcy sale is not required.
- Foreclosures are halted by a Chapter 13 filing.
- Chapter 13 may only be utilized by individuals who are employed.
- A 3-5 year repayment plan is proposed in lieu of a discharge.
- There may be no creditor-debtor contact.
One of the most important steps in the process of regaining control over your financial life is to identify whether bankruptcy or another debt-resolution method is better suited to the specific details of your situation. Our Texas City bankruptcy attorneys understand that bankruptcy is not right for everyone, and are committed to helping you to grasp the advantages and disadvantages of the different options that are available to you.
Contact Us
Instead of worrying about the next call or letter, take action to correct your financial situation. Contact the Texas City Chapter 13 bankruptcy lawyers of Gipson, Norman & Root at 281-332-4800.
