Chapter 13 Bankruptcy

The economy has affected everyone, and for more and more people, bankruptcy has become a very real possibility. With the different types of bankruptcy available, how can you know what will best suit your individual needs? If you are considering filing for bankruptcy, contact a Fort Worth bankruptcy attorney as soon as possible to discuss your options.

Depending on your circumstances, you can file under Chapter 7, 11, or 13 of federal bankruptcy laws. Chapter 13 bankruptcy is a type of “reorganization” of finances, and mostly applies to individuals and very small businesses. Chapter 13 bankruptcy is sometimes referred to as a “wage earner’s bankruptcy,” as it operates under the assumption that you will be able to pay at least a percentage of your debts. Unlike Chapter 7 bankruptcy, which requires you to liquidate a good deal of your assets to pay back creditors, Chapter 13 bankruptcy allows you to work out a feasible schedule of debt repayment, while allowing you to keep your home, car, and everything else you hold dear.

Not everyone qualifies for Chapter 13 bankruptcy, and some people would actually benefit more from less drastic tactics like debt consolidation. If you’re not sure, have your case reviewed by an experienced professional like a Fort Worth bankruptcy attorney, who can explain your options and help you make an informed decision.

Fort Worth’s Bankruptcy Attorney

Our Fort Worth bankruptcy lawyers have successfully handled all types of bankruptcy cases for our clients in Fort Worth and surrounding areas, ranging from business bankruptcy to personal bankruptcy. If you are considering filing for bankruptcy, good legal representation can go a long way in making the best choices to keep yourself and your assets protected. Contact us to schedule a free consultation with a top Fort Worth bankruptcy attorney today.