Life can get overwhelming, and when you’re dealing with a lot of debts that only seem to be getting larger, it might be time to use a different strategy. A Chapter 13 bankruptcy can provide you with options for restructuring, reducing, or even eliminating certain debts. While this bankruptcy can provide relief, it’s still a decision you don’t want to take lightly. Call our team today to see how our Hurst, TX Chapter 13 bankruptcy lawyer can help!
Hurst, TX Chapter 13 Bankruptcy Lawyer
A Chapter 13 bankruptcy—also sometimes called a “wage earner’s plan”—allows you to reorganize and repay some of your debts over three to five years. This type of bankruptcy is ideal if you have a regular income and can afford to pay off debts on a restructured payment plan. Unlike a Chapter 7 bankruptcy that may liquidate certain assets like your home or car to discharge debts like medical bills, a Chapter 13 bankruptcy allows you to keep your assets, provided you follow the court-approved payment plan.
Filing for a Chapter 13 bankruptcy can be complicated, and you generally need to meet certain requirements. The first requirement is having less than $336,900 in unsecured debt and less than $1,010,650 in secured debt. You also need to have filed income tax returns in the last four years, have been a Texas resident 90 days before filing, and you must earn enough to make your monthly household obligations and payments. The final requirement is undergoing mandatory counseling from a certified credit counselor.
It’s possible to undergo the bankruptcy process without legal help, but due to how difficult the process can be, it’s highly recommended to have our Hurst Chapter 13 bankruptcy lawyers on your side!
Why Experience Matters For Chapter 13 Bankruptcies
A Chapter 13 bankruptcy is a major decision, and to make sure that it’s the right decision and that the process goes smoothly, you want our team to advise you.
- For decades, our team has been providing legal advice and experienced help. We work with people from all backgrounds, and we are committed to helping those in financial distress. Besides bankruptcies, we handle personal injury cases, and our attorneys often see a connection between incidents like car accidents and the need to pursue a bankruptcy.
- Our attorneys understand that many factors can lead an individual to pursue bankruptcy. Our law firm offers financial services and advice that can help eliminate the need for bankruptcy down the road. We offer services for eliminating and consolidating certain debts, including tax and medical debt. We can also provide credit repair and counseling.
- Our team believes in creating relationships built on trust. We always take the time to get to know you and your story so that we can provide the most optimized legal help.
A Chapter 13 bankruptcy can be an effective strategy for managing and eliminating debt, but it needs to be handled correctly. Call our Leinart Law Firm today to work with our Hurst Chapter 13 bankruptcy lawyer!
