How Chapter 13 Can Help You Control Your Debt

Many good people find themselves trapped in a bad financial situation. They are underwater in their mortgage, or they owe thousands of dollars on a car that has lost almost all of its value. If you are in this position, Chapter 13 bankruptcy might be an option for you and your family. Chapter 13 can help you create a workable payment plan with your creditors, and allow you to get the fresh financial start that you need so desperately.

At The Law Office of Douglas J. Powell, P.C., we have helped thousands of individuals obtain financial relief by filing for Chapter 13 bankruptcy. Our attorney, Douglas J. Powell, has over 25 years of experience in bankruptcy law. He is also Board Certified in Consumer Bankruptcy Law by the Texas Board of Legal Specialization.

What Chapter 13 Bankruptcy Can Do For You

Chapter 13 is most common for people who either own their homes, have equity in their homes or have a mortgage that they are having difficulty repaying. Chapter 13 can allow you to keep your home or bring an end to foreclosure proceedings, if you act quickly enough.

Under Chapter 13, all of your dischargeable debts are compiled into a monthly payment plan. This plan runs for three to five years, and at the end of this period, your debts will be eliminated.

You may be afraid of the impact that filing for bankruptcy will have upon your credit. After you file, you will begin the process of rebuilding your credit. If you wait to take action, your bills are going to continue to pile up. The longer you wait to address this situation, the more negative the affect that this will have on many different aspects of your life. Bankruptcy provides you an opportunity to regain control.

Schedule Your Free Consultation With An Experienced Bankruptcy Attorney

To talk to our lawyer about the advantages of filing for Chapter 13 bankruptcy, call us at 512-592-3236 or send us an email. Our office is conveniently located in Austin, and we assist people in Travis County, Hays County and Williamson County who need assistance with filing for bankruptcy protection.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.