Alva Wesley Thomas & Associates, P.C.

Houston Chapter 13 Bankruptcy Lawyer

Chapter 13 bankruptcy is known as "debt reorganization" bankruptcy. It takes three to five years to complete. A required means test will help determine whether you qualify for Chapter 7 bankruptcy or whether Chapter 13 bankruptcy is right for you.

There are a number of reasons why debtors may reach the decision to file Chapter 13 bankruptcy. By filing Chapter 13 bankruptcy, you may be able to repay past due mortgage payments over time, along with portions of your other debts.

Stop Foreclosure in Stafford or Missouri City, Texas · Attorney Can Advise You on Ways to Keep Your Home or Free Yourself From a Burdensome Mortgage

Many debtors turn to Chapter 13 as a way to stop foreclosure and buy time to reorganize their finances. Filing bankruptcy puts into effective an automatic stay, which is a legal barrier to creditors seeking to collect debts. This includes mortgage lenders. If you are able to keep current on mortgage payments going forward, you may keep your home while going through Chapter 13 bankruptcy.

However, some mortgage holders decide that walking away from a house with large "negative equity" is a smart business decision. You may determine that you are better off letting your house and mortgage go. Be aware that filing Chapter 13 bankruptcy will stop foreclosure and may allow you six months or longer to make plans to relocate, rather than being evicted abruptly.

Talk to an experienced Chapter 13 bankruptcy law attorney to determine whether this form of debt relief is right for you.

Reorganize and Pay Off Debts Over Three to Five Years at Pennies on the Dollar Through Chapter 13 Bankruptcy

In addition to preventing a short sale or foreclosure, a Chapter 13 bankruptcy will allow you repay manageable portions of other debts such as credit card payments, medical bills and installment loans through affordable monthly payments at little to no interest over three to five years. At the end of the Chapter 13 repayment period, any remaining consumer debts can be discharged altogether.

Alva Wesley-Thomas & Associates, P.C., will never advise a potential client to file bankruptcy, or to file a particular type of bankruptcy, if we do not believe it is in the debtor's best interests. We are caring, compassionate Christian bankruptcy lawyers with years of experience and a very long list of satisfied clients. Learn how we can help you find debt relief. Contact a knowledgeable Houston Chapter 13 bankruptcy attorney through this website or by calling 713-278-0800.

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

Contact Information

Alva Wesley-Thomas & Associates, P.C. 
6161 Savoy Drive 
HoustonTX 77036 
Phone: 713-278-0800 
Fax: 713-278-0490