Benefits of Chapter 13 Bankruptcy
Filing for personal bankruptcy can be a wise choice in situations where individuals are dealing with seemingly irreversible debt. There are a few different types of bankruptcy to choose from, making it easier for you and your lawyer to find a solution that works for your unique situation. One such option is Chapter 13 bankruptcy, which allows you to reorganize your debts and develop a manageable plan to repay your debts. With the help of a qualified bankruptcy attorney, filing for bankruptcy can be made significantly simpler for you.
If you are considering filing for bankruptcy in Dallas or Fort Worth, the bankruptcy attorneys at Gagnon, Peacock & Vereeke, P.C. can help walk you through every detail of the process.
Filing for Chapter 13 Bankruptcy
Debtors may choose to file for Chapter 13 bankruptcy for a number of reasons, especially for its ability to perform the following:
- Avoid foreclosure proceedings
- Make up for missed mortgage payments
- Reschedule secured debts
- End direct contact with lenders
- Reduce your car loan
In Chapter 13 bankruptcy proceedings, debtors and their attorneys create a repayment plan that they then submit for approval. These plans aim to have the debts paid off between three to five years.
Contact a Dallas Chapter 13 Bankruptcy Attorney
You don’t have to face the daunting task of filing for bankruptcy on your own. With the help of the qualified bankruptcy attorneys at Gagnon, Peacock & Vereeke, P.C., you can ensure that your financial future will be in good hands. Call (214) 317-4448 to learn more about our legal services today.