You may have been feeling a sense of panic over your financial debt for some time. In the beginning, you may have had some hope that you could pay down your balances and get everything under control on your own. However, you may now realize that this option no longer seems plausible.
Though you want to take the best measures possible to address your considerable debt, you may feel hesitant to jump right into a major process like bankruptcy. You, like many other Texas residents, may feel held back by the stigma that comes along with the process as well as misinformation about how completing bankruptcy will affect your future finances.
Taking a major step to address your outstanding debt liabilities can feel overwhelming. Of course, it can also feel as if you are making progress to get out from under these financial burdens, which could lead to a less stressful life. If you qualify for Chapter 13 bankruptcy and feel that it could work in your best interests to follow this path, you may want to understand specific aspects of the process.