"You are not alone. 1,625,208 people filed for
bankruptcy protection last year."

Houston Chapter 13 Bankruptcy

Chapter 13 bankruptcy in Houston is an excellent alternative to filing a Chapter 7 bankruptcy. In fact, many people who do not qualify for the Chapter 7 bankruptcy because of the means test elect Houston Chapter 13 bankruptcy as their next option. There are several advantages to filing Chapter 13 bankruptcy.

Benefits to filing Chapter 13 in Houston

Filing Chapter 13 bankruptcy in Houston can protect you from harassment by creditors, allow you to keep all of your real estate and personal property, and provide you with the opportunity to pay off your debts through reduced payments.

Some of the benefits to filing a Houston Chapter 13 bankruptcy include:

It allows you to consolidate your debt into one payment that is based on what you can afford
It allows you to keep all of your property, including property that may be lost if you filed a Chapter 7 bankruptcy
You will be able to retain your home even if you are behind on your mortgage or your property is in foreclosure

You will be able to retain your car even if you have fallen behind on payments
The process is designed to help you learn to budget your money better
Meeting monthly payments can actually improve your credit at times

Through Chapter 13 bankruptcy, individuals can pay back their debt over a period of three to five years by making payments they can afford. This type of bankruptcy is best suited for those who have some type of regular income.

Other types of bankruptcies that can be filed are Chapter 11 and Chapter 7. Chapter 11 is typically used as a Houston business bankruptcy and Chapter 7 bankruptcy involves liquidating your assets in order to discharge your debts.

If you plan to file bankruptcy or are considering your options, it is important that you talk with an experienced Houston bankruptcy lawyer. The Law Office of Russell Van Beustring, P.C. focuses on bankruptcy law and can provide sound legal counsel and representation.

Contact us

To find out how we can help you or your business file for bankruptcy while retaining as much property and assets as possible, contact the Law Office of Russell Van Beustring, P.C. today for a free consultation.

Serving Houston & surrounding areas such as Sugarland, Fort Bend, Katy, and Harris, Texas and Montgomery County

Russell Van Beustring, P.C.
9525 Katy Freeway, Suite 415
Houston, TX 77024

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