Call for Free Consultation 512-458-4138

4 Reasons Chapter 13 May Be For You

Chapter 13


Chapter 13 is a repayment plan that has been approved by the court. Debtors are able to pay back what they owe over a 3-5 year plan. There are a number of reasons why Chapter 13 can help.

  • You are behind on your home and the mortgage company won’t work with you. You can catch up or cure the missed payments (arrears) over 3-5 years and keep your home.
  • You can protect non-exempt property that a Chapter 7 Trustee would have the right to sell.
  • You can keep your car and may be able to “cram down” the payments based on what the car is worth today.
  • You need an affordable payment plan. You could pay the credit cards if they would accept smaller payments but you have defaulted and now they want the entire balance.

1000 Heritage Center Cir, #102
Round Rock, Texas 78664
ph: 512-458-4138
fax: 512-458-4213
Copyright 2018 Law Office of Nels C. Hansen PC
All rights reserved. Disclaimer
Posted June 2014/Updated June 2016