Are you in dire financial straits, overwhelmed with debts you can’t repay, and being hounded day and night by creditors? If you have a steady income, Chapter 13 bankruptcy may be the solution to help you resolve your debt, keep your home, and get a fresh financial start. Our DeSoto, TX Chapter 13 bankruptcy lawyer helps people like you understand the bankruptcy process and preserve as much of your assets as possible. Learn more today in a free consultation with a Leinart Law Firm attorney.
Most people and businesses face financial difficulties in life. Unfortunately, sometimes it can be difficult to bounce back from certain difficulties, but filing for bankruptcy can help you provide you with a fresh start. However, you want to make sure you do it properly, as there are several legal considerations. Call Leinart Law Firm today to work with our DeSoto, TX Chapter 13 bankruptcy lawyer!
Chapter 13 Bankruptcy Lawyer DeSoto, TX
Are you worried about losing your house and unsure how to negotiate with your mortgage lender? Maybe you owe tens of thousands of dollars in medical bills, or are you drowning in credit card debt? If you’re employed and earn a consistent wage, you may be able to resolve your debts and discharge certain obligations through filing Chapter 13 bankruptcy. Chapter 13 bankruptcy is sometimes referred to as the “wage earner’s” bankruptcy, and may may be a better option for you than Chapter 7. While you may still be required to liquidate certain assets to repay debts, there may be more flexibility for you, including the opportunity to restructure your debts, keep your home, and preserve as much of your property as possible.
For many, the main advantage of a Chapter 13 bankruptcy is that it allows you to pay for certain debts over the course of three to five years. Under the supervision of Texas bankruptcy courts, you might even be able to modify some loan agreements. You can even eliminate partially or fully certain debts, including credit card loans or medical bills. Pursuing Chapter 13 bankruptcy isn’t a decision to take lightly; our legal team can help you through this complex process. We can also help you determine if Chapter 13 bankruptcy is the right path to take.
Our initial consultation will include determining if you’re eligible. Certain requirements exist. You’ll need to have $336,900 in unsecured debt and less than $1,010,650 in secured debt. You’ll also need to make enough to pay for your monthly household obligations and payments on your proposed repayment plan.
The entire process of filing a Chapter 13 bankruptcy can be overwhelming, as you’ll need to first document all of your income and debts. Failure to report all of your income sources and debts can lead to serious consequences, even if you didn’t intentionally try to hide information. Our DeSoto Chapter 13 bankruptcy lawyers have experience handling numerous cases. Together, we can help you save thousands and give you more time to resolve outstanding debts.
Our DeSoto Chapter 13 bankruptcy lawyer explains the different types of bankruptcy available and what each one requires of you. Chapter 13 bankruptcy involves a debt repayment plan; at the end of the repayment period (usually five years), the remaining balance is discharged, and you can start fresh. We negotiate the best possible repayment plan for you, including talking to your mortgage lender, if part of your debt includes delinquent mortgage payments. We can help you keep your car and as much of your money as Texas law permits. As your legal advocate, we want to see you succeed, and filing for Chapter 13 may be the best option for you to find financial freedom. If you need to go to court, we represent you before the judge, building a strong argument for your position.
Why Legal Experience Matters When Filing Chapter 7 Bankruptcy
Texas bankruptcy laws can be complex and confusing for individuals unfamiliar with the process. Our DeSoto Chapter 13 bankruptcy lawyer protects your assets and future income from unfair seizure and helps you reach an acceptable payment arrangement with your creditors. We defend your interests at each step.
- Our team brings over 15 years of experience helping individuals and businesses through Chapter 7 and 13 bankruptcies. We have handled thousands of cases, and we always work hard to specifically tailor our services to your exact needs.
- Our extensive experience involves negotiating and working with aggressive creditors. Major life setbacks like accidents can leave you with outstanding medical and credit debt. Creditors may often use methods like wage garnishment to strongarm you into paying off your debts while leaving it difficult to handle rent. Our team can work with these creditors to get them to stop, putting you on a manageable repayment plan that lets you juggle your debts and basic necessities.
- Our founder and managing attorney, Marcus Leinart, specializes in bankruptcy law and personal injury. He knows firsthand that both fields often go together, which is why he approaches every case with compassion and no judgment.
Are you struggling with debt and need help filing Chapter 13? Undergoing any bankruptcy can be stressful and difficult to manage. Call Leinart Law Firm and let our DeSoto Chapter 13 bankruptcy lawyer give you peace of mind!
