No one wants to file bankruptcy, but Chapter 13 can be a life-changing option for people who are struggling to pay their debts, but do not want to lose everything in the process.
If you need assistance with mounting debt, call McKinney Chapter 13 bankruptcy attorney, Mark D. Ledbetter, at 800-410-5617 or send us an e-mail. Initial consultations are free.
Restructure Your Debt
Chapter 13 is often called "reorganization bankruptcy" and is designed for individuals with a regular income. It allows you to enter into a payment plan for a period of three to five years to pay back what you owe to unsecured creditors under more favorable conditions.
The payment plan is calculated based on your income versus your expenses. You only have to pay what you can afford. After you complete the payment plan, if you still have dischargeable debts remaining, they will be forgiven.
Under Chapter 13, you may be able to lower your interest rates and keep your property while making your scheduled payments. As long as you are current on your payments, creditors must cease collection efforts against you.
Get a Fresh Start to Your Finances
Chapter 13 bankruptcy can help you:
- Avoid foreclosure on your home
- Prevent repossession of your vehicles
- Put an end to creditor harassment
- Restructure your debt
- Discharge remaining unsecured debt after completion of the payment plan
Personal Service in a Reassuring Environment
The law office of Mark D. Ledbetter, P.C., in McKinney, Texas, will work closely with you to examine your financial situation and prepare a manageable monthly payment plan to present to the court for approval. Everyone's financial situation is different; we will tailor our advice to your unique circumstances and work collaboratively with you to develop a customized solution to your debt problems. If Chapter 13 and Chapter 7 bankruptcy are not right for you, we can assist you in negotiating a debt settlement with your creditors.
Contact Collin County Bankruptcy Attorney, Mark D. Ledbetter
Put an end to your stress and worry. Let trusted Collin County bankruptcy lawyer, Mark D. Ledbetter help you solve your debt problems. Call our office toll free at 800-410-5617 or send us an e-mail. Initial consultations are free of charge.
