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Your Legal Helpers Plano bankruptcy lawyers will answer your questions and take action
The Legal Helpers Plano bankruptcy lawyers will provide you with the full, confidential service you need during difficult times. Our Plano bankruptcy lawyers have the experience and staff needed to meet with you at your convenience and represent your case in court. You'll find our Plano bankruptcy lawyers to be sensitive to your needs and ensure that you feel comfortable about every step.
Meet with our Plano bankruptcy lawyers and have them explain aspects and restrictions of filing for chapter 13.
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One of the first things you may discuss with your Legal Helpers Plano bankruptcy lawyers is whether or not you would be eligible for such legal actions as filing a Chapter 13 bankruptcy. You can meet with our Plano bankruptcy lawyers and have them explain all the important aspects and restrictions. Some of the things you need to take into consideration (and discuss with our Plano bankruptcy lawyers) are your:
- Regular wages or salary
- Income from self-employment
- Wages from seasonal work
- Commissions from sales or other work
- Pension payments
- Social Security benefits
- Disability or workers' compensation benefits
- Unemployment benefits and/or strike benefits
- Public aide benefits such as welfare payments
- Child support or alimony
- Rent
- Proceeds from selling property, especially if it is your primary business
Businesses can't file for Chapter 13 bankruptcy
Your business, even if you are the sole proprietor, cannot file for a Chapter 13 bankruptcy in the name of your company. When they need help reorganizing their debts, businesses are generally steered through the Chapter 11 process. Business owners and sole proprietors, however, can file for Chapter 13 as an individual. You can also include business-related debts for which you are personally responsible.
You must have enough income to file Chapter 13
You must have some type of regular, stable income to be eligible to file for Chapter 13. Your income must be likely to continue and you must receive on a regular basis - in other words, you must be paid weekly, monthly, semi-annually, or even annually. Your level of income must be high enough so that after you've paid for your basic human needs, you will have enough left over to make periodic (usually monthly) payments to the court for three to five years.
The amount you must pay depends on many factors
The total amount of debt that you must repay will depend on how much you owe and the type of debts you have. Certain types of debts must be paid in full while others do not. Another factor is your court's attitude. A few courts allow you to repay nothing on debts, while other are far more stringent. Your Legal Helpers Plano bankruptcy lawyers have the experience and knowledge of local courts to help you gain the best results.
At Legal Helpers you get the experience you need with great service in convenient locations at very affordable fees. By combining the highest levels of technology along with the experience of our Plano bankruptcy lawyers, we manage to keep our costs low and pass this cost savings on to our clients. We want to live up to our national reputation for excellence in the representation of consumer debtors. Our Plano bankruptcy lawyers keep your best interests in mind.
Use our free legal evaluator to see if you should contact Legal Helpers