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!
DeSoto, TX Chapter 13 Bankruptcy Lawyer
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.
Why Experience Matters For Chapter 13 Bankruptcies
Many common pitfalls exist when filing for Chapter 13 bankruptcy. While the process can save you a significant amount of money, you also want to make sure it’s the right choice for your situation.
- 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.
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!
