Chapter 13
Helping you repay your debts over time without losing your hard-earned assets
Chapter 13 Bankruptcy Attorney In Houston, Texas
What Is A Chapter 13 Bankruptcy?
If you have fallen behind on mortgage or vehicle payments, Chapter 13 bankruptcy may provide a way to stop foreclosure, help you keep your car, and in some cases adjust vehicle loan payments. Chapter 13 allows eligible individuals to reorganize debt into a structured repayment plan, and in certain situations, repay only a portion of unsecured debt while retaining ownership of important assets such as a home or vehicle.
Chapter 13 may also offer relief in other situations, including helping some individuals qualify for driver’s license reinstatement when unpaid fines or fees are involved. Because this type of bankruptcy involves detailed planning and court approval, understanding the process is essential.
At Westcott Law Group PLLC, our Houston bankruptcy attorneys work closely with clients to evaluate their financial situation and guide them through each stage of a Chapter 13 case. To learn whether Chapter 13 bankruptcy may be right for you, schedule a consultation with Westcott Law Group PLLC today.
Call Westcott Law Group PLLC at 832-990-7443 to schedule a consultation with a lawyer today.
How Do I Qualify for a Chapter 13 Bankruptcy?
To qualify for Chapter 13 bankruptcy, you must have a regular and reliable source of income that allows you to make monthly payments under a court-approved plan. Income does not have to come from traditional employment and may include Social Security or disability benefits, unemployment income, retirement payments, or rental income.
Certain parties are not eligible for Chapter 13 relief, including stock or commodity brokers and corporations. However, sole proprietors and self-employed individuals may qualify if their debts fall within specific legal limits. In addition, Chapter 13 repayment plans generally last three to five years, and eligibility is determined in part by a means test. At Westcott Law Group PLLC, our Houston bankruptcy attorneys can review your financial situation before you file and help you determine whether Chapter 13 bankruptcy is a practical option for your circumstances.
Contact our office today
to begin the process and explore your available options.
What Happens During a Chapter 13 Proceeding?
To begin, eligibility for Chapter 13 bankruptcy is determined in part by passing a means test. Once a case is filed, the process can immediately stop foreclosure actions, wage garnishments, repossessions, lawsuits, and other creditor collection efforts.
A repayment plan must then be prepared and submitted for court approval. The court will review whether the plan is proposed in good faith, whether unsecured creditors will receive at least as much as they would under a Chapter 7 filing, and whether the plan accounts for all available disposable income—meaning income not required for reasonable living expenses.
Because Chapter 13 involves multiple legal and financial requirements, careful preparation is essential. At Westcott Law Group PLLC, our Houston bankruptcy attorneys guide clients through each stage of the process to help ensure filings are complete and plans meet court standards. Contact our office today to learn how to get started.
Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.
Have Questions About Bankruptcy?
Contact Westcott Law Group PLLC at 832-990-7443 to discuss your financial concerns and learn how filing for bankruptcy
may help you move forward.