Chapter 13 Bankruptcy

Chapter 13 Bankruptcy Lawyer in Houston, TX

Reorganizing your debts and protecting your assets

What is Chapter 13 Bankruptcy?

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Chapter 13 is a court-protected re-payment plan for all your debts.  If you are facing financial difficulties and having trouble keeping up with your monthly payments, you may want to consider bankruptcy.  While Chapter 7 is a great option for people who qualify, many who face financial difficulty cannot cannot meet the income requirements and need to look to Chapter 13 for help.  Chapter 13 basically rolls your debt together and it is managed by the bankruptcy trustee assigned to your case.

Can You Keep Your Property Under a Chapter 13?

Yes, most people who file for Chapter 13 not only can keep their auto and house, but can also keep other personal property.  Most people in Texas who file for bankruptcy usually end up keeping ALL their personal property.

Can Chapter 13 Help with Outstanding Tax Debt?

Your tax debt CAN be entered into your Chapter 13 plan allowing you to stop IRS collection actions and make monthly payments towards your outstanding tax debt. 

How Chapter 13 Can Help with a Second Mortgage

If you have a second mortgage on your home and the value of the home is less than the total amount mortgaged, we may be able to strip away the second mortgage allowing more money from the plan to go towards catching up on the first mortgage.

How Long Does a Chapter 13 Plan Last?

Chapter 13 plans are laid out over either a 3 to 5 year period depending on your disposable income, ability to pay into the plan and the total amount of outstanding debt that is going into the plan. 

What is the Cost to Hire a Lawyer to Help with a Chapter 13 Bankruptcy?

Dan Kirby can help you understand both the filing fees and legal costs associated with filing for Chapter 13 bankruptcy. In some cases you can have your legal fees actually rolled into the plan which allows you to get started with your bankruptcy without paying as much out of pocket.