Chapter 13 bankruptcy is a common bankruptcy type that allows those who file to keep all of the property they own. Liquidation of assets doesn’t occur in Chapter 13 bankruptcy like it does in Chapter 7. At the Hixson Law Firm, our team of bankruptcy attorneys can help you navigate the Chapter 13 bankruptcy filing process. We have years of experience and can provide you expert advice and the legal representation that you need.
Before deciding to file for Chapter 13 bankruptcy, it’s important to remember that while Chapter 7 is short, Chapter 13 can be a lengthy process. Those who decide to pursue Chapter 13 bankruptcy may find that they can get out of bankruptcy anywhere from three to five years. This is because of the number of monthly payments that are assigned to fulfill their obligations to the court and their debtors.
When you commit to Chapter 13 bankruptcy, your debt is reorganized. A means test is done, allowing the court to determine what creditors to pay back. This can include credit cards and personal loans.
If you need legal help filing Chapter 13 bankruptcy in Arlington, Texas, contact the Hixson Law Firm. To schedule a free consultation to discuss bankruptcy, call our Texas law office at (817) 261-5000 today. We cannot wait to help you get out of financial trouble as soon as possible.
The Hixson Law Firm serves the cities of Arlington, Grand Prairie, and Mansfield, Texas.