Austin Chapter 13 Bankruptcy Attorneys
If want to avoid selling off assets, or if you do not qualify for Chapter 7, your other option is to file for Chapter 13 bankruptcy. Many people in debt choose to file under Chapter 13 because it allows you to repay your debts without losing important assets. It is not an easy process, but by the time it is done, you and your family may have regained your good credit.
If you are considering this option, you probably have a lot of questions about your obligations and potential benefits. Austin Chapter 13 bankruptcy attorneys Slater, Kennon & Jameson, LLP, can answer these questions and advise you about the best course of action. Call our offices at 512-338-1100.
Know Your Rights
Before you make any choices about repaying debts, you need to be fully informed about your rights and responsibilities. Please browse the following pages to learn more about:
How an Austin Chapter 13 Bankruptcy Works
This process involves following a repayment plan based on your income and expenses. You will be able to develop your own plan with the assistance of an Austin Chapter 13 bankruptcy lawyer. However, the court you file in has the right to approve or disapprove of your plan.
Depending on your circumstances, you will either qualify for a 5-year or 7-year plan. You are expected to repay all of your non-dischargeable debts by the end of this time. One advantage is that you will be making one regular payment, rather than keeping track of numerous bills.
Contact Us
To discuss your options with a qualified Austin Chapter 13 bankruptcy attorney, contact our offices at 512-338-1100.