If you’re drowning in debt but you still have enough money left at the end of the month to pay some bills or your income is too high for Chapter 7 bankruptcy, you should consider filing for Chapter 13 bankruptcy in Plano TX. Although filing for bankruptcy should be a last resort when you’re in financial straits, it may be the only way to get a fresh start. The first step in the process is to get help from the right bankruptcy attorney, who can tell you everything you need to know about bankruptcy and the filing process.
The attorney you choose will tell you that filing for Chapter 13 bankruptcy in Plano TX means many meetings with him during which he’ll conduct a meticulous review of your finances and prepare all of the necessary paperwork. He’ll then explain the part the court plays in reviewing your filing and he’ll explain how the repayment of your debt will be structured. But not all of the responsibility for filing for bankruptcy lies with your attorney. You have to do your part as well.
➤ Keep lines of communication open between you and your attorney. Don’t dodge phone calls and make sure you stay proactive during the entire time your case is pending.
➤ If you change your phone number, email address or mailing address, make sure you let your attorney know immediately.
➤ If your financial circumstances change – you lose your job or incur medical expenses – let your attorney know right away.
➤ If you receive something in the mail related to your bankruptcy that you don’t understand, don’t ignore it. Call your attorney for clarification.
➤ Make your plan payments on time, every month, without fail. If you feel you may fall behind one month, call your attorney right away.
➤ If you own a house or car that were protected under your bankruptcy and you owe money on them, make the payments every month, including insurance.
➤ Remember that your Chapter 13 bankruptcy in Plano TX gives you the chance to start over, so ask your attorney about ways to change your spending habits so that you don’t have the same financial difficulties in the future.
If you’ve decided that you can no longer handle your financial burdens, call us at Collins & Arnove at (972) 516-4255 to schedule a free consultation to discuss your options. If you want to learn more about the different types of bankruptcy or about our practice, visit www.ntb.wpmudev.host.
Collins & Arnove | Chapter 13 bankruptcy Plano TX | 972-516-4255