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Chapter 13 Bankruptcy

Do you need a plan to pay off your debts?

Is your home posted for foreclosure? Are you facing repossession of your car? Do you owe a tax debt or an overpayment of benefits?

Consider what a Chapter 13 filing could do for you.

What is Chapter 13?

A Chapter 13 Bankruptcy allows you to pay off your debts over time, keep your home and your car, and protect yourself from creditors. The typical repayment plan ranges between three to five years. You make you first plan payment 30 days from filing and every 30 days thereafter to a Chapter 13 Trustee, appointed by the Bankruptcy Court to administer your case.

The Chapter 13 gives you the opportunity to become current on all outstanding obligations by allowing you to take the past due amounts and pay them over time including mortgage arrears, homeowner association delinquencies, and past due taxes, and incorporating all of your debt into one plan payment. In order to qualify for a Chapter 13 you must be an individual with less than $383,175 in unsecured debt and $1,149,525 in secured debt.

There may also be the option in a Chapter 13, depending on your circumstances, to remove certain liens on your homestead such as a second mortgage or pay back only the value on your mobile home or car as determined by the Court.

How do I start the process?

Contact the Heimer Law Offices today at 512.291.7105 for your free consultation and for the opportunity to move your life forward.

You do not have to lose your home, money, or other assets. Protect yourself and your family. Make a plan to move your life forward and stop the cycle of debt.

If you opt to file a Chapter 13 and are a qualified wage earner, we can file your bankruptcy for no money down (except the court cost of $310 and the credit report fee).