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.
  • How to Choose the Best Saginaw Bankruptcy Attorney

    The decision to file for bankruptcy is a significant and impactful decision in its own right. When it comes to partnering with a skilled […]
    read more

    What to Prepare When Meeting With a Plano Bankruptcy Lawyer

    Filing for bankruptcy can be a complicated and draining legal process. However, with the right preparation and an experienced and skilled attorney, it could […]
    read more

    How to Find the Best Bankruptcy Attorney in Irving, TX

    When you are in a position where you must consider bankruptcy, you are already feeling the strain related to uncontrollable and unmanageable debt. This […]
    read more
  • What to Expect When Working With a Denton, TX, Bankruptcy Attorney

    It is never easy to admit that you are struggling financially due to excessive debt and unpayable bills. Fortunately, there is a legal route […]
    read more

    Top 3 Signs It's Time to Hire a Dallas Bankruptcy Attorney

    Financial strains are among the most stressful issues to handle, and when debts and obligations become out of your control, the stress can become […]
    read more

    Navigating the Dallas Bankruptcy Court System

    Considering filing for bankruptcy can be an emotionally stressful decision as it usually follows already strenuous financial issues. What’s more, the actual process for […]
    read more
  • How Do You Qualify for Chapter 13 in Texas?

    A Chapter 13 bankruptcy can be a helpful strategy for someone to get their debt situation under control, manage payments, and begin the path […]
    read more

    What Are the Downsides to Filing Chapter 13 in Texas?

    There’s never a perfect solution for difficult financial situations. When you need to take substantial steps to deal with financial difficulty, you want to […]
    read more

    What Will I Lose If I File for Chapter 13 Bankruptcy in Texas

    When tackling overwhelming debt, filing for Chapter 13 bankruptcy in Texas may seem like a viable solution. It can provide much-needed relief from financial […]
    read more