Changes in the bankruptcy laws have left many to erroneously think that they can no longer declare bankruptcy. The Malaise Law Firm successfully helps the people of San Antonio, Houston, Brownsville, Corpus Christi, McAllen, and Laredo with their bankruptcy needs.

Filing for bankruptcy is a decision that should not be made without first seeking the qualified counsel of a Texas bankruptcy lawyer. A Texas bankruptcy lawyer can help you decide which form of bankruptcy is best for you. Under Chapter 13 a debtor is given the ability to liquidate assets and set up a debt repayment plan that best suits the debtor. This can give you the relief you need from high credit bills and other debt.

The first step under chapter 13 is to receive credit counseling and budget analysis from an approved counseling service. This step can be omitted in a few situations of hardship, but most will have to undergo the counseling. It is an important step that must be taken to prevent your case from being dismissed. Speak with a qualified bankruptcy lawyer today to discuss your options under Chapter 13 bankruptcy.

Generally speaking, Chapter 13 may be right for you if:

• you have a stable source of income. You must be able to regularly make payments to pay back your debt.
• you have enough disposable income after all expenses are paid to make regular payments for your debt. There is no set value for this. The courts will require a proposed budget to determine if you satisfy this requirement.
• your secured debts are less than $922,975 and your unsecured debts do not exceed $307,675.
• you are behind on mortgage or vehicle payments you intend to keep
• you have tax debt, or student loans
• you have a large amount of non exempt property you do not wish to lose.
• you have a cosigner on your loans you wish to protect

Working closely with a qualified bankruptcy law firm like The Malaise Law Firm can make the process of filing bankruptcy go more smoothly and efficiently. If you are experiencing difficulty in paying your bills call The Malaise Law Firm today to discuss your rights under bankruptcy law. The bankruptcy lawyers at the Malaise Law Firm will competently assist you in all areas of bankruptcy law. Our experience can provide you with peace of mind during a stressful time. Don’t hesitate to contact our office. You can use the email form on this page or pick up the phone and give us a call at 1-800-226-5787. Let us help you get the debt relief you deserve.