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.
  • Can I Be Denied Chapter 13 Bankruptcy?

    When most people consider filing for bankruptcy, a common concern is whether they will be able to keep their property during the bankruptcy proceedings. […]
    read more

    Can I Keep My Cell Phone in Chapter 7?

    We all like to believe that carefully managing our budget and paying our bills in a timely manner is sufficient for maintaining financial security. […]
    read more

    Top 8 Reasons You Need a Bankruptcy Attorney

    There are many reasons a person might find themselves in need of a bankruptcy attorney. If you are considering this step, know that it […]
    read more
  • Consider This: What Does Declaring Bankruptcy Do to Your Debt?

    Having to make the decision of whether to declare bankruptcy is never easy. If you are considering filing for bankruptcy, your head is likely […]
    read more

    How Much Do You Have to Be in Debt to File Chapter 7?

    It can be scary to think about, but many of us are just an accident or setback away from being in financial hardship. Though […]
    read more

    What Do You Lose If You Declare Bankruptcy?

    Most people try their best to manage their finances properly. However, because of a lack of resources or hard times, some people find themselves […]
    read more
  • 5 Tips For A Successful Bankruptcy

    Whether it is due to a monetary emergency or an unending stream of mounting debt, individuals can quickly find themselves facing financial peril. From […]
    read more

    The Steps To Take After Successfully Emerging From Bankruptcy

    On Behalf of Steele Law Firm PLLC | Feb 4, 2021 | Personal Bankruptcy You did it. Good for you. You have successfully emerged from bankruptcy, but not […]
    read more

    The Most Common Bankruptcy Filed

    On Behalf of Steele Law Firm PLLC | Jan 28, 2021 | Chapter 7 Choosing to go into bankruptcy is not typically the option that debtors in Texas […]
    read more