Chapter 13 Bankruptcy Also Eliminates Your Debt!
We are Here to Help
You do not have to face your financial problem alone. When you get sick, you go to a certain type of doctor according to what type of illness you are suffering. That doctor is trained and experienced in that type of medicine, and he/she knows how to make you well. The same is true when you are suffering from a debt problem. You need a trained and experienced bankruptcy attorney to advise you of the best solution to cure your financial situation. To learn both your bankruptcy and non-bankruptcy options, please contact Pelley Law Office, L.L.P. for a free confidential consultation. We have been helping people throughout North Texas get a fresh financial start for more than 35 years.
Why File Chapter 13 Bankruptcy?
A Chapter 13 bankruptcy is designed for people who are: (1) behind on their house payments and their property is about to be foreclosed upon; or (2) behind on their vehicles and their cars are about to be repossessed. It is also designed for people who owe the IRS, or those who simply make too much money each month to remain in Chapter 7. Chapter 13 has several advantages. For instance, we are often able to substantially reduce your payments on your vehicles. However, either Chapter 7 or Chapter 13 will typically allow you to discharge unsecured debts!
Misconceptions:
A common misconception is that if you file a Chapter 13 bankruptcy, you always pay back your credit card or other similar unsecured non-priority debt. To the contrary, that is rarely the case. Most of our Chapter 13 clients pay back none or an extremely insignificant amount of their unsecured debt.
Most people also mistakenly believe that bankruptcy will destroy their credit. To the contrary, your credit score will improve after you get your discharge if you follow our advice. Bankruptcy law was not written to kick you while you are down. The whole point is to give you a fresh financial start.
An integral part of obtaining a “fresh start” is the rehabilitation of your credit. We counsel you on how to rehabilitate your credit.
Both Chapter 7 and Chapter 13 bankruptcy allow you to:
- Stop Creditor Harrassment
- Stop Foreclosure
- Stop Wage Garnishment
- Stop Lawsuits
- Stop Repossession
In addition, filing bankruptcy can eliminate IRS tax debt in certain circumstances.
Our experienced bankruptcy lawyers understand how to analyze your situation and determine if Chapter 13 or Chapter 7 bankruptcy is the best option for you. We will also discuss your non-bankruptcy options. It costs you nothing to learn how we can help you. The initial consultation is free. We have been helping clients throughout North Texas file get a fresh start for more than 35 years.
If you are seeking an experienced bankruptcy lawyer who will evaluate your situation and explain all of your options, please contact Pelley Law Office, L.L.P. today to schedule a free confidential consultation. You will be under no obligation to hire us, and you will then know your alternatives. We look forward to speaking to you and explaining how we can help.
Pelley Law Office, L.L.P. has been named by The United States Congress in Washington, D.C. as a debt relief law firm and we help people file for bankruptcy relief under the Bankruptcy Code.
