Regain Your Financial Footing With Chapter 13 Bankruptcy

Chapter 13 bankruptcy can help individuals and certain types of businesses turn a difficult situation into a plan for recovery. This type of bankruptcy works well for those who, despite owing debts, still have fairly steady income.

Unlike Chapter 7, you do not need to liquidate your property under Chapter 13. Instead, you enter into a debt reorganization plan over several years. At the end of the process, some remaining debts may be discharged.

At Law Offices of Viviana Cavada, we can guide you through the bankruptcy process — from stopping creditor communications to collecting your financial details for you. Chapter 13 bankruptcy often allows clients to stop accruing interest and penalties so that they can focus on recovery.

Why Chapter 13 May Help Small Businesses More Than Chapter 11

Although both Chapter 13 and Chapter 11 are options for confronting debt, our firm often encourages clients to choose the former type of bankruptcy when possible. A Chapter 13 bankruptcy is more affordable and manageable for many small-business owners.

However, to file as a business under Chapter 13, your company cannot be a corporation or partnership. Chapter 13 may instead be effective for sole proprietorships, independent contractors and individuals. The amount of debt must also meet the eligibility requirements.

If you can file for Chapter 13 bankruptcy in Texas, you could avoid the upfront fees that Chapter 11 requires. Small businesses typically do not have the resources to pay large sums of money at once, but they can still benefit from creating a realistic repayment plan through bankruptcy.

Speak With A Skilled Attorney

Bankruptcy is a complicated matter, but it may be the smartest move to make for your situation. Allow Law Offices of Viviana Cavada to ease this burden for you. With 25 years of bankruptcy experience, we have earned a strong reputation in Haltom City and the Fort Worth metro area.

Get a confidential consultation with our founding attorney at 817-900-3826 or by contacting us online. Lawyer Viviana Cavada can discuss each type of bankruptcy and how Chapter 13 debt reorganization bankruptcy may benefit you or your business.

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