Being overwhelmed by debts can be stressful, and you may feel like there’s no way out. If you’re dealing with mounting debt, but you still want to protect your car, home, and other crucial assets, a Chapter 13 bankruptcy can provide a structured plan that’ll allow you to move forward. Many people in Central Texas choose this option because it allows them to catch up on past-due payments while keeping the things they’ve worked hard for. Call us today to work with our Waco, TX Chapter 13 bankruptcy lawyer!
Waco, TX Chapter 13 Bankruptcy Lawyer
When deciding that bankruptcy is the correct solution, our clients are often confused about the difference between Chapter 7 and Chapter 13 bankruptcy. Chapter 7 bankruptcy wipes out your unsecured debts entirely, while a Chapter 13 bankruptcy focuses on reorganizing your debts into a repayment plan, typically of three to five years. Pursuing this type of bankruptcy makes the most sense for individuals who have a steady income, but they’ve fallen behind due to medical expenses, job changes, a divorce, or other significant life changes.
One of the biggest advantages of Chapter 13 is the automatic stay. The moment your case is filed, collection actions must stop. That means no more wage garnishment attempts, no more threats of foreclosure, no more vehicle repossessions moving forward, and no more aggressive phone calls. While these collection actions stop, our team can work with you to help establish repayment plans that’ll pave the way forward for your financial future.
Chapter 13 bankruptcy is especially helpful for people who are behind on their mortgage or car loan. Instead of forfeiting your assets, you can keep them while catching up on your payments. We’ll help you by gathering all of your financial documents and negotiating with creditors.
Our Experience Matters For Chapter 13 Bankruptcy
No matter what stage of the bankruptcy process you’re at, working with our experienced Waco Chapter 13 bankruptcy lawyer can make a huge difference.
- Richard Anderson III serves as our senior Texas bankruptcy attorney. He joined the firm in 2005 and focuses on Chapter 7 and Chapter 13 bankruptcy matters. He earned his Juris Doctor in 2004 from the Southern Methodist University Dedman School of Law.
- Marcus Leinart is our managing attorney, and he has over 15 years of experience under his belt. Starting his career as a personal injury attorney, he understands that many of his clients explore bankruptcy following injuries caused by issues like car accidents. He helps individuals and families overcome being caught up in the system.
- It’s our mission to help our clients not just survive, but thrive. Beyond helping you with the bankruptcy, we can provide you with the financial tools to prevent similar issues in the future.
A Chapter 13 bankruptcy can be a way to reduce debts and help you move forward, but you want to undergo the process properly. Discover how our Waco Chapter 13 bankruptcy lawyer can assist when you call us today at Leinart Law Firm!
