Dealing with financial problems is anything but easy for Texas residents to confront. However, doing so is often necessary for those seeking to eliminate their debt and obtain a fresh financial start. Bankruptcy can offer a real solution for those dealing with major debt problems, but not all bankruptcy filings are the same. Based on a person’s current situation and future goals, one type of bankruptcy may be more beneficial than others. Additionally, a debtor may only qualify for one type of bankruptcy filing.
For many, losing certain assets and property, such as a home and vehicle, are the biggest concern when filing for bankruptcy. However, those seeking to eliminate debt should understand that they can obtain debt relief while also keeping certain assets. At the Law Office of Gordon Mosley, our attorneys take the time to explain the bankruptcy processes, thereby helping our clients understand if a Chapter 13 filing is the best option for them.
Chapter 13 bankruptcy helps individuals address their debt with a repayment plan without the fear of vehicle repossession or home foreclosure. With over 20 years of experience, our law firm takes the time to fully explain the Chapter 13 process and what our clients should expect. We make sure to address the concerns of our clients, giving them realistic expectations.
To learn more, check out our law firm’s Chapter 13 website. For many, it is important to keep one’s home and other property. Therefore, exploring this type of bankruptcy can be extremely beneficial. A legal professional can help you understand what the process entails and what your life will look like immediately following the filing as well as years down the road.