The Pros and Cons of Declaring Chapter 13 Bankruptcy in Texas

An experienced bankruptcy lawyer in Texas can help you understand whether filing Chapter 13 bankruptcy is the best alternative for your specific circumstances. Your attorney may recommend an alternative such as a debt management or a free credit counseling program before you file for bankruptcy or as an alternative to filing.

How Does Chapter 13 Bankruptcy Affect Your Tax Return in Texas?

There’s an old adage that nothing is certain except death and taxes. Even though you may be able to address some tax debt with a bankruptcy filing, you still must file a federal tax return with the IRS. Chapter 13 bankruptcy lets individuals and small business owners develop a plan to reorganize their debt and repay their creditors.

Frequently Asked Questions About Chapter 13 Bankruptcy

Chapter 13 bankruptcy is one of the most common tools for people to relieve their debt burden and set themselves up for a better financial future. The following are a few of the most common questions our bankruptcy attorneys receive about filing for Chapter 13: Q: How much debt do I have to repay under […]