Helping You Reorganize Your Debt and Get Back on Track
When you file for Chapter 13, the most immediate benefit is that all actions taken by any creditors to collect on debts must stop. This means that:
- Foreclosure actions stop
- Further interest on unsecured debts is frozen
- Auto repossession efforts must end
- Creditors can no longer call you seeking money on debts you owe
This "automatic stay" during the bankruptcy process allows you the breathing space you need to begin sorting out your financial affairs, and allows you to take action to get back on a sound financial footing.
Helping You Find Answers and Solutions | Call Robert W. Berry, Attorney at Law: 512-501-1948 or 888-893-5886 | E-Mail | Free Initial Consultation
Wage Earner's Path Out of Debt
Chapter 13 bankruptcy protection is nicknamed "wage earner bankruptcy." It is for people whose income is sufficient enough to pay for their basic needs, and have some money left over to pay off a portion of their debts over three to five years. The total amount a person pays depends on the amount owed, the types of debts, and household income.
Chapter 13 can allow people to obtain relief from their creditors, while keeping their home and their belongings. I have been helping clients obtain debt relief through Chapter 13 for many years and I am here to help you too.
Personalized Service From Start to Finish
I can guide you through the process of a Chapter 13 bankruptcy from start to finish. I sit down with you and review your entire financial situation. I listen carefully to your needs and your goals, while helping you understand what is realistic based on my knowledge of bankruptcy law. My goal is to help get you back on the road to financial freedom as soon as possible.
Workable Bankruptcy Reorganization
A Chapter 13 allows you to create a repayment plan that is sustainable over time. You pay a periodic (usually monthly) sum to the bankruptcy trustee, who in turn distributes the money to your creditors. At the end of the repayment plan, a significant amount of your unsecured debt may be discharged. All the while, you will have been rebuilding and restoring your credit rating.
See: Bankruptcy Information Center | Chapter 7 Procedures | Chapter 13 Procedures | Comparing Chapter 7 and 13
Learn What You Need to Know About Bankruptcy
Obtain a free initial consultation with Robert W. Berry, Attorney at Law, in Austin, Texas: 512-501-1948 or 888-893-5886. Contact a lawyer online.
I am a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.
