${site.data.firmName}${SEMFirmNameAlt} ${site.data.firmName}${SEMFirmNameAlt}
254-633-2876 | fax 866-825-8786
Main Menu
  • Let
    Our
    Family
  • Help
    Your
    Family
  • Free No Obligation
    Bankruptcy
    Consultations

Bankruptcy Attorney
Helping People Of Waco
Find Debt Relief

The benefits of Chapter 13 bankruptcy

Just because you earn a reliable, substantial income doesn't mean that you cannot benefit from bankruptcy. Many people feel that bankruptcy is only an option for people who are unemployed or who have amassed an outrageous amount of debt. Neither of these assumptions are true. The benefits of bankruptcy extend to those who have steady employment, and also to those who are suffering from debts that they are struggling to pay.

The key lies in the fact that there are different types of bankruptcy filings that are catered toward whatever circumstances the filer may find himself or herself in. While there is a type of bankruptcy for those who cannot possibly pay back their debts, there is also a bankruptcy option for those who could pay off their debts if they had enough time: Chapter 13. A Chapter 13 filing allows filers to establish a debt repayment plan that lasts between three and five years, repaying their debts in this time frame.

Obviously one who files for a Chapter 13 bankruptcy must still be earning enough income to pay off their debts, but this bankruptcy filing holds many advantages for such individuals. Not only will they be able to keep their assets, but they will benefit from many of the special bankruptcy protections such as preventing foreclosure on their homes.

A Chapter 13 bankruptcy filing will often lower your monthly payments as you spread the period of payment out over a longer timeframe, which will give you more spending money per month without setting you behind on your debts. For more information on how a Chapter 13 bankruptcy can help you, visit our webpage. If you live in Texas and you feel that you can benefit from such a filing, feel free to schedule a consultation to discuss your circumstances.

No Comments

Leave a comment
Comment Information
National Association of Consumer Bankruptcy Attorneys The College of the State Bar Of Texas Greater Waco Chamber of Commerce Member Logo

Office Location

The Kehl Law Firm, P.C. 3715 Bellmead Dr Waco, TX 76705

254-633-2876

Fax: 866-825-8786

Waco Law Office Map

Connect With Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy