Fort Worth Debt Repayment Attorney

Understanding The Chapter 13 Repayment Plan

Perhaps the most notable feature of filing for bankruptcy under Chapter 13 is the debt repayment plan. Instead of giving up assets that are sold to go toward the debts, as in Chapter 7 bankruptcy, people who file for Chapter 13 bankruptcy enter into a repayment plan, in which creditors are paid back on a monthly basis.

As the founder of the Steele Law Firm, I have helped many Fort Worth residents emerge from their personal debt by working with them in a Chapter 13 bankruptcy. Having an experienced bankruptcy attorney on your side can help you to better understand the process so that you know what to expect — and what is expected of you.

Finding Your Way Out Of A Difficult Situation

Being weighed down with large amounts of credit card debt, medical debt or other liabilities can make day-to-day living very difficult. Many people would pay off their accounts, or at least pay them down, but in many cases, the interest is so high that they have trouble even making a dent in their balances.

Under Chapter 13 bankruptcy, you must repay secured debt — that which is backed by collateral — and priority debt, which includes back taxes and child support payments, in full. You repay a portion of your unsecured debt, which includes credit card debt. Plan lengths run from 36 to 60 months.

Ready to get started? Contact a Fort Worth lawyer today. Call me at 682-231-0909 or complete and submit my firm’s online contact form.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

We Can Help

contact us today

WE'RE HERE FOR YOU

Schedule a Free Initial Consultation
(682)231-0909
3629 Lovell Ave, Ste. 100
Fort Worth, TX
Directions
Disclaimer(Required)
This field is for validation purposes and should be left unchanged.
  • What Is the Statute of Limitations on Debt?

    Total American household debt has reached nearly $17 trillion. Credit cards, home loans, student debt, and car loans are the top reasons people owe […]
    read more

    What Effect Does Bankruptcy Have on Judgments?

    If someone sues you for debt and that person wins the civil claim, you will face a judgment. Often, this court order describes the […]
    read more

    How to Avoid Repossession During a Texas Bankruptcy

    Making the decision to file for bankruptcy can be a difficult one. Once you have decided which chapter of bankruptcy you want to file, […]
    read more
  • Can One Spouse File Bankruptcy in Texas?

    Deciding to file bankruptcy is a complicated decision, especially if one partner is ready to move forward and the other isn’t. To learn more […]
    read more

    Does Bankruptcy Clear Evictions in Texas?

    If you are considering filing for bankruptcy, you must be in a difficult financial place. Having debts that have built up over time might […]
    read more

    Chapter 7 & Texas Wage Garnishment: The Facts

    When you are struggling financially, it can be detrimental for a debt collector to garnish your wages to pay for debts you can’t afford […]
    read more
  • Can a Creditor Fight an Automatic Stay in Texas?

    Filing for bankruptcy can leave you with many worries about your assets. For many in bankruptcy, the financial woes they face can be for […]
    read more

    Bankruptcy Exemptions in Texas

    Bankruptcy provokes a variety of emotions and assumptions for those confronted with it. Whether you are filing for Chapter 7 or Chapter 13 bankruptcy, […]
    read more

    Does Bankruptcy Clear All Debt in Texas?

    Bankruptcy can be a confusing concept, especially considering its legal and financial implications. A bankruptcy debt lawyer in Texas can help you navigate a […]
    read more