Chapter 13 Bankruptcy — Making a Reorganization Plan
The goal of Chapter 13 bankruptcy is to reorganize what you owe, and provide a reasonable repayment plan that you can afford for your debt. It can also be used to stop mortgage foreclosure, motor vehicle repossession and bullying collections efforts of all kinds during your case. Moreover, if you can keep up with the current payments, you should be able to keep your home and your vehicle.
The Law Offices of Nels C. Hansen, P.C., can show you workable ways of achieving financial freedom through a Chapter 13 bankruptcy filing. Our founder, Nels C. Hansen, has helped many of his clients in south and central Texas during his over 13 years of experience.
You can find out how to live free of overwhelming debt again when you learn more about Chapter 13 consumer and business bankruptcy strategies. Contact our full-service law offices today for a free consultation. Call us toll free at 888-896-6720.
Attorney Nels C. Hansen Has Helped Bankruptcy Clients for Over 13 Years
Chapter 13 bankruptcy is sometimes called the "wage earner" bankruptcy because it is typically used by people that have a steady source of income, but whose income is insufficient to keep up with their existing debts and obligations.
Generally speaking, in a Chapter 13 filing an individual's debts are consolidated allowing the individual to make payments based on what he or she can afford. A plan is created to make these payments for between three and five years. After that time, if all of the payments have been made according to the plan, some of the existing debts may be discharged as they would have been in a Chapter 7 bankruptcy.
Like a Chapter 7 filing, a Chapter 13 filing includes an "automatic stay" that prevents foreclosure and repossession efforts and bars creditor collection efforts and harassment.
Don't give in to "quick fix" strategies that could only make matters worse. Payday loans, 401(k) loans or withdrawals, home equity loans, reverse mortgages and the heavily-advertised debt consolidation approaches are generally not in your best interests. Let bankruptcy lawyer Nels C. Hansen use the proven features of Chapter 13 bankruptcy to help you rediscover financial freedom.
Contact the Law Offices of Nels C. Hansen, P.C.
We urge you to contact our Austin law offices for a free initial consultation. We also serve residents of Georgetown and Round Rock, and those in surrounding counties such as Williamson, Travis, Hays, Burnet, Caldwell and Bastrop. Call us today, toll free at 888-896-6720. Evening and weekend meeting appointments may be available upon request.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code and have done so proudly since 1996.