Chapter 13
Helping you repay your debts over time without losing your hard-earned assets
Chapter 13 Bankruptcy Attorney In Texas
What Is A Chapter 13 Bankruptcy?
If you're struggling with overdue house or car payments, filing for a Chapter 13 bankruptcy with J. Gannon Helstowski Law Firm in Texas can offer a lifeline. This approach can prevent foreclosure on your home and safeguard your vehicle, potentially even reducing your car payments. In certain scenarios, you may be eligible for a plan where you pay a fraction of your debt but maintain possession of your assets, including your home and vehicle. Even if past parking fines have resulted in the loss of your driver’s license, a Chapter 13 proceeding can guide you toward reinstatement. In order to fully utilize the benefits of Chapter 13 bankruptcy, having a reliable bankruptcy attorney from our firm is essential.
Our accomplished lawyers at J. Gannon Helstowski have an impressive track record in handling Chapter 13 proceedings for our clients - we're committed to helping you strive for a favorable outcome. To discover how we can assist you, schedule an appointment with one of our attorneys today.
Call J. Gannon Helstowski Law Firm at 817-382-3125 to schedule a consultation with a lawyer today.
How Do I Qualify for a Chapter 13 Bankruptcy?
At J. Gannon Helstowski Law Firm, we understand that steady income is key - enough to fulfill regular court-ordered payments. This income can come from various sources, such as Social Security, disability benefits, unemployment, retirement benefits, or even rental income. However, Chapter 13 bankruptcy does not cover stock or commodity brokers and corporations. On the other hand, if you're a sole proprietor or self-employed with debts within particular boundaries, you may qualify. Also, if your debts extend beyond three to five years, you could be fitting for this type of bankruptcy, given you pass a means test to confirm your suitability. Our adept legal team at J. Gannon Helstowski Law Firm can analyze your situation ahead of filing to assist you in deciding if a Chapter 13 bankruptcy aligns with your best interest. Initiate the process by contacting our Texas office today.
What Happens During a Chapter 13 Proceeding?
Initially, you must establish your qualification via the means test mentioned previously. Once confirmed eligible, initiating a Chapter 13 bankruptcy with the assistance of J. Gannon Helstowski Law Firm will cease any foreclosures, wage garnishments, repossessions, lawsuits, or other harassment from your creditors. Although we'll aid in formulating a repayment scheme, the plan's approval lies with the court. The court's responsibility includes determining your plan's good faith, ensuring your unsecured creditors' receipt is not less than a Chapter 7 filing would have allowed.
In addition, your payments should encompass all your disposable income - your income that doesn't go towards your support and maintenance. It's a rigorous process, but with a seasoned bankruptcy attorney from J. Gannon Helstowski Law Firm in Texas at your side, you're set to successfully navigate through this process. To commence the procedure, reach out to our firm today.
Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
Have Questions?
Call J. Gannon Helstowski Law Firm at 817-382-3125 today to speak to an attorney.