Chapter 13 bankruptcy is, at its core, a less invasive alternative to the straight liquidation aspect of typical chapter 7 bankruptcy, which most opt for due to its quick and easy proceedings. But while chapter 7 bankruptcy can best be seen as a quick flurry of life changes that may end up seriously altering the way you live your life, chapter 13 is a drawn out, slow rolled and delicate process wherein you, as someone filing for bankruptcy are able to keep all of your assets – granted you are able to prove you have the means of paying for those items on credit, such as living spaces and automobiles – but takes significantly longer, which can be a major hindrance to some.
The truth is, the type of bankruptcy that you should be considering for yourself is entirely based on your needs. Those with children, or in high urgency situations, such as having an ill family member opt for chapter 13 over chapter 7 because it has less impact on family life. With chapter 13 bankruptcy, you will be able to keep your home or living space, your automobile and all of your property. However, it should be said that the qualifications for chapter 13 bankruptcy are a bit more stringent than chapter 7, and the best way to determine your eligibility is to contact a professional bankruptcy attorney today, such as John A. Hixson, who offers free, no obligation consultations to those considering bankruptcy as a means of getting out of near-hopeless debt.
Consulting a professional chapter 13 bankruptcy attorney is integral for those who have limited knowledge of the legal system, and strongly suggested for those who do. Going into the process, you may be quickly overwhelmed at the sheer breadth of the piles of paperwork you will need to fill out and the inventory you will need to take. On top of these lengthy items, you will also need to meet strict time guidelines while filing your chapter 13 bankruptcy, or you may have to start over from the beginning. Hiring a professional to assist you is vital, and makes the processes immeasurably easier.
For over two decades, John A. Hixson has been providing the Texas communities of Arlington and beyond with his unique and knowledgeable brand of bankruptcy law, and always acts in your best interest, as his client. On top of coaching you through the application process, Attorney Hixson will fight tooth and nail with trustees and creditors to assure that your plan to restructure your debts is fair and feasible.
So if you’re just considering bankruptcy as an option, or are dead set on declaring bankruptcy as a means of climbing out of monumental debt, it is absolutely vital that you call today. As soon as John A. Hixson helps you file the necessary paperwork required to declare bankruptcy, an automatic stay will be placed on your assets, which prevents creditors from repossessing them, so you can rest easy through the rest of the process. Call now, before it’s too late!