Our Houston bankruptcy attorneys may be able to help you realize a real and manageable financial plan
The Houston bankruptcy attorneys who sponsor Total Bankruptcy are experienced personal financial lawyers. They understand that decent, hard-working people may unfortunately find themselves in serious trouble due to totally unforeseen problems such as divorce, the loss of a job or uninsured medical bills. Our Houston bankruptcy attorneys may tell you through experience with other clients that sometimes trying to simply pay back all of your bills on your own may not be the best solution.
When you call us toll-free at 1 (877) 349-1309, or fill out our online case evaluation form, one of our Houston bankruptcy attorneys should quickly call you to answer your questions and arrange for a meeting at your earliest convenience.
Once you've met with your Houston bankruptcy attorneys, you should wonder why you ever waited to gain their counsel!
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Your bankruptcy attorneys may be able to explain how Chapter 13 provides a safe, sane and protected way to get out of debt.
If you are suffering under a mountain of debt and expenses that you just may not be able to keep up with, but you do have a job or some other source of regular income that you may use to make payments under a repayment plan, a Chapter 13 bankruptcy may be right for you. You may use Chapter 13 bankruptcy to liquidate the majority of your debts, set up a reasonable debt repayment plan, and get a fresh financial start.
A Chapter 13 bankruptcy case begins with the preparation and filing of your bankruptcy petition. In your petition, you may be required to list certain personal information about yourself, your spouse, and your family, and you may set forth all of your income, your property (assets), your expenses, and all debts (liabilities). Additionally, you must select the specific exemptions to which you may be entitled (exemptions are the laws that prevent your creditors from taking your property away from you).
Shortly after you file your petition, the court clerk should send a notice of your case to all of the creditors listed in your petition. After that, your case should be assigned to a trustee, who should review your case. The court should also issue an Automatic Stay order. This order should prohibit your creditors from collecting their debts from you, from repossessing your car or other property, and from starting or continuing any legal actions against you.
The centerpiece of your Chapter 13 case may be your repayment plan
Your repayment plan is an agreement between you and your creditors in which your creditors agree to forgive a portion of your debts to them in exchange for your commitment to repay your reduced debts over time. Most plans require you to make monthly payments to the trustee-a federal official who is appointed by the court to oversee your case - who in turn makes distributions to your creditors. While you are making payments under a repayment plan, your creditors should not take any collection actions against you.
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.