Chapter 13 bankruptcy is essentially an interest-free repayment plan for most debts, whereas Chapter 7 bankruptcy is a debt relief maneuver. Chapter 13 bankruptcy allows consumers to seek temporary relief from creditors while establishing a repayment plan. Typically, you will be asked to commit to paying your creditors over a period of 3 to 5 years.

An experienced Chapter 13 bankruptcy attorney can help you consolidate your debts and forge a strategic plan for successful debt management. During your debt repayment period, your creditors must abide by the terms of your chapter 13 bankruptcy plan and halt collection attempts. Any loan cosigners will also be protected under your agreement as long as you hold up your end of the contract by making regular payments to the court. Chapter 13 bankruptcy offers a perfect solution for consumers who do have a steady monthly income but need a chance to catch up. Outstanding debts that may be consolidated include auto loans, credit card debt, and past outstanding mortgage payments.

Stop repossession, protect home equity and collection harassment with a Chapter 13 bankruptcy filing.

Don’t delay in filing. Contact us as quickly as possible. Your rights may be restricted the longer you wait.

Filing Chapter 13 bankruptcy can help you exercise your rights and achieve freedom from impossible debt.

Learn more about Dallas Chapter 13 bankruptcy law. Contact experienced bankruptcy attorney Billy D. Price for your confidential, no-charge chapter 13 bankruptcy consultation.