Chapter 13 Bankruptcy Attorney in Plano
Striving to Protect Your Financial Future
Chapter 13 bankruptcy allows you to keep your property and pay off your debts under a restructured payment plan tailored to you. Get in touch with our Plano Chapter 13 bankruptcy lawyer today for your free initial consultation. With over 25 years of experience, LoBue Law, PLLC is dedicated to providing legal counsel for this community. Our firm offers customized service to ensure that your needs are fully met.
Why Choose Attorney Vinny LoBue to Handle Your Chapter 13 Bankruptcy?
- Our firm exclusively represents individuals and small businesses, so we're experienced in handling cases just like yours
- We offer FREE initial consultations so you can tell us about your case and get helpful advice
- You'll work directly with Attorney LoBue and enjoy clear, responsive communication
- Our bankruptcy solutions are tailored to your unique situation
Contact us today to see if a Chapter 13 bankruptcy is right for your needs. We can help you resolve your financial uncertainty.
I really appreciate his expertise and am very grateful for his help.
What Is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is an option that provides individuals relief similar to Chapter 7 bankruptcies. However, while Chapter 7 bankruptcies liquidate your assets, Chapter 13 bankruptcies are called reorganizations because they consolidate and structure your delinquent bills and allow you to make small “catch-up” payments over a 3–5-year period. Once the plan is completed, all of your accounts would be current. Chapter 13 also provides for opportunities to “strip” portions of secured debts away if you owe more than the collateral is worth. Chapter 13 bankruptcies allow you to consolidate your debts and pay them off under a tailored plan using only your disposable income.
What to Expect After Filing for Chapter 13 Bankruptcy
If you choose to file for bankruptcy under Chapter 13, expect to provide all the information about your assets and debts to the court. Then, after a court-appointed trustee reviews your information and formulates a plan, your creditors are given an opportunity to review the plan and object. Once this occurs and the court approves the plan, you may begin paying off your liabilities under the court’s supervision. If you do this over the three to five years the plan is in effect, your debts will be discharged, and you will be free to pursue financial stability once again.
How You Can Benefit from a Bankruptcy Lawyer
If you are thinking about whether bankruptcy is right for you, our Chapter 13 bankruptcy attorney in Plano can help you better understand your options. He can negotiate with creditors on things such as payment terms, interest rates, and the value of the collateral. You will then be represented in court and throughout the planning process as the court figures out the right plan for your situation. With our help, you can have peace of mind that you are getting a plan that sets you up for success as you make your way toward financial security again.
Every case is different and requires experienced guidance and tailored services so that it can truly be effective. That is why it is important to hire a Plano Chapter 13 bankruptcy lawyer that you can trust.
Schedule your free consultation to begin discussing your case when you call (972) 694-6400.