Lubbock Chapter 13 Bankruptcy Attorneys
Offering Reliable Chapter 13 Support Across the State of Texas.
Do You Need Legal Help?
Thank you so much, McCarty-Larson, PLLC! You are such a great lawyers and your professionalism was excellent. The staff at the office was awesome, polite and kind. They understand a client's financial situation and works through the process patiently with great courage. Once again, thank you so much McCarty-Larson, PLLC!
- P.E.
McCarty-Larson, PLLC was very helpful and patient explaining our options after my wife lost her job and creditors were taking her to court. They outlined a plan for us and everything worked out very well for us. I would recommend McCarty-Larson, PLLC to anyone that is in need of legal help.
- Aaron Herrera
I met with McCarty Larson after many attempts to find a lawyer. They were very professional, straight to the point and polite. They accepted my case with no problems. With only one day to prepare for my case, McCarty Larson accepted my case, explained my options and attended the hearing on my behalf. They did all of this with only a one day notice. I normally do not write reviews, but this one had to be written. They are the best! You will not be sorry for hiring this firm.
- S.C.
When you choose McCarty-Larson, you're choosing a legal team that will stand by you every step of the way.
Lubbock Chapter 13 Bankruptcy Attorneys
When financial struggles make it hard to keep up with debts, Chapter 13 bankruptcy can offer a path to regain control. For individuals and business owners in Lubbock, TX, filing for Chapter 13 bankruptcy provides a way to reorganize debts and avoid the stress of mounting bills and potential asset loss. McCarty-Larson, PLLC understands the challenges you face and can guide you through this process with clear, professional assistance.
What is Chapter 13 Bankruptcy and Who Can File?
Chapter 13 bankruptcy is a legal option designed for individuals who want to repay a portion of their debts over time while still protecting their assets. Unlike Chapter 7, where debts are wiped out, Chapter 13 allows you to keep your property, such as a home or car, while setting up a repayment plan.
Although businesses cannot file for Chapter 13 bankruptcy, individual business owners, sole proprietors, and self-employed individuals can still take advantage of this option. If you’re a business owner struggling with both personal and business-related debts, Chapter 13 may provide a way to reorganize and repay what you owe without losing your business.
The Process of Filing for Chapter 13 Bankruptcy
Filing for Chapter 13 bankruptcy begins by submitting a petition to the bankruptcy court. After this, you will propose a repayment plan to the court, which typically lasts three to five years. The goal of this plan is to pay off as much of your unsecured debts as possible based on your income and expenses. This plan is designed to give you a manageable way to handle your finances while still fulfilling your obligations.
An important part of the process is meeting with your creditors and the court to confirm your repayment plan. This step ensures that everyone is on the same page about how much you will pay and when. The Lubbock Chapter 13 Bankruptcy Attorneys from McCarty-Larson, PLLC can help you navigate these meetings, ensuring that you fully understand your rights and responsibilities.
Benefits of Chapter 13 Bankruptcy
One of the main benefits of Chapter 13 bankruptcy is the ability to protect your property. If you’re behind on mortgage payments, for example, you can use Chapter 13 to catch up and avoid foreclosure. Similarly, if you’re struggling with car payments or other secured debts, Chapter 13 can allow you to keep your property while making affordable monthly payments.
Another advantage is the ability to reorganize unsecured debt. This may include credit card debt, medical bills, and personal loans. With Chapter 13, you can repay these debts at a fraction of what you owe based on your ability to pay, offering much-needed relief.
Challenges of Chapter 13 Bankruptcy
While Chapter 13 can offer significant benefits, it’s not without its challenges. One challenge is that you must stick to a strict repayment plan, which requires discipline and budgeting. If you’re unable to make the required payments, the court may dismiss your case, which could lead to your creditors taking action again.
Additionally, the repayment plan may require you to pay more than you initially expected, especially if your income changes or unexpected expenses arise. It’s important to carefully consider whether you can commit to the plan before filing.
Chapter 13 vs. Other Bankruptcy Options
It’s important to understand how Chapter 13 compares to other bankruptcy options. Unlike Chapter 7, which allows for a quick discharge of debts but requires you to give up certain assets, Chapter 13 lets you keep your property while making payments over time. Chapter 13 also differs from Chapter 11 bankruptcy, which is typically used by businesses or individuals with large debts and more complex financial situations.
Chapter 13 provides a structured way to deal with debt while offering protection for your property. It may be a better fit for individuals who have a steady income but need time and flexibility to repay their debts.
Why You Need Our Lubbock Chapter 13 Bankruptcy Attorneys
Filing for Chapter 13 bankruptcy can be complicated, and even the smallest mistake can delay your case or lead to a less favorable outcome. That’s why it’s essential to have a Lubbock Chapter 13 Bankruptcy Attorney at McCarty-Larson, PLLC by your side. Our team has the experience to guide you through the complexities of bankruptcy law, from filing your petition to confirming your repayment plan.
We understand that every situation is unique, and we are committed to finding a solution that fits your specific needs. With our help, you can rest assured that you are making the best choices for your financial future.
Related Blogs
Chapter 7 Bankruptcy Exemptions
If you are filing for bankruptcy, you are likely wondering if you will be able [...]
Mar
Zero Down Bankruptcy Relief?
Yes, McCarty-Larson PLLC now offers a zero down payment option for those who qualify for [...]
May
Holding On To Your Good Credit Score
You have worked hard. You have been responsible, and you have paid all of your [...]
Nov
Common Mistakes to Avoid When Filing for Chapter 13 Bankruptcy
Filing for Chapter 13 bankruptcy can provide individuals in Lubbock, TX, with a much-needed solution to manage overwhelming debt. However, many people make mistakes during the process that can complicate their case and delay their fresh start. Understanding these common mistakes can help you navigate the process more smoothly and improve the chances of a successful outcome.
Not Understanding the Payment Plan
One of the biggest mistakes people make when filing for Chapter 13 bankruptcy is not fully understanding the repayment plan. Chapter 13 involves a plan to pay off some or all of your debts over a period of three to five years. It is essential to carefully review and ensure that the plan is realistic based on your income and expenses. If the plan is too ambitious or doesn’t reflect your financial situation, it may be difficult to stick with it, and you could risk dismissal of your case.
Failing to List All Debts and Assets
Another common mistake is failing to list all debts and assets when filing for bankruptcy. It is crucial to include every debt, even if you are not currently paying it or if you do not believe it will be part of the repayment plan. Missing even a small debt can cause complications later on, and in some cases, it may result in your case being dismissed. Full disclosure is necessary for the court to properly evaluate your financial situation.
Overlooking the Importance of Timely Payments
Once your Chapter 13 bankruptcy is approved, you must make timely payments according to the court-approved plan. Missing even one payment could lead to your case being dismissed, and you may lose the protection of bankruptcy. Some individuals mistakenly believe that they can stop paying creditors once they file, but the Chapter 13 plan is an ongoing commitment. Staying consistent with your payments is crucial to successfully completing the bankruptcy process.
Not Seeking Professional Guidance
Navigating the Chapter 13 bankruptcy process without professional help is a mistake many individuals make. Even though the process is designed to help people regain control over their finances, it is complex. Without the guidance of a knowledgeable attorney, you may miss key steps or make mistakes that could lead to complications. Our team at McCarty-Larson, PLLC is here to guide you through the process and help ensure that you follow the correct steps for a smoother bankruptcy experience.
Not Considering Alternatives
Some individuals make the mistake of filing for Chapter 13 bankruptcy without first considering other possible options. For some people, filing for Chapter 7 bankruptcy or exploring debt management programs might be better suited for their situation. It is important to assess all options before making a decision. An experienced attorney can help you evaluate the best path for your unique financial situation.
Frequently Asked Questions (FAQs) About Chapter 13 Bankruptcy
At McCarty-Larson, PLLC, we understand that considering bankruptcy can be an overwhelming and challenging decision. As trusted Lubbock Chapter 13 Bankruptcy Attorneys, our goal is to provide you with clear, approachable, and professional guidance to help you navigate the process and make informed decisions about your financial future. Below are some common questions people have when considering Chapter 13 bankruptcy.
Chapter 13 bankruptcy is a form of debt relief designed for individuals with a regular income. It allows you to create a repayment plan to pay off all or part of your debts over a period of three to five years. Unlike Chapter 7 bankruptcy, which may require liquidating assets, Chapter 13 enables you to retain your property while repaying creditors in a manageable way through a court-approved plan.
To be eligible for Chapter 13 bankruptcy, you must meet certain criteria, including having a steady income and the ability to make monthly payments under the repayment plan. Additionally, your unsecured debts must be under $419,275 and secured debts must be less than $1,257,850, as of 2023. It’s important to consult with our Lubbock Chapter 13 Bankruptcy Attorneys to determine if you meet these requirements based on your individual circumstances.
Filing for Chapter 13 bankruptcy offers several important benefits. One of the primary advantages is protection from creditors. Once you file, all collection actions, including foreclosure, repossession, and wage garnishments, must stop. You may also be able to reduce your unsecured debt and consolidate your payments into one manageable monthly amount. After completing your repayment plan, any remaining eligible unsecured debts may be discharged, giving you a fresh start financially.
The process of filing for Chapter 13 bankruptcy begins with an initial consultation with our team. During this meeting, we’ll review your financial situation and discuss your options. Afterward, we will assist you in completing the necessary paperwork and filing your petition with the court. A key part of the process is developing a repayment plan that fits your financial situation. Once the court approves this plan, you will begin making monthly payments to a trustee, who will distribute the funds to your creditors. After completing the terms of your repayment plan, you may be eligible for a discharge of any remaining eligible debts, providing you with the opportunity for a fresh financial start.
Chapter 13 bankruptcy typically lasts between three to five years, depending on your income and the structure of your repayment plan. Throughout this period, you will make regular payments to the bankruptcy trustee. Once you’ve fulfilled the terms of the repayment plan, any remaining dischargeable debts may be forgiven, allowing you to move forward without the burden of those debts.
Navigating Chapter 13 bankruptcy can be complex, and having legal guidance is crucial to ensuring the process goes smoothly. At McCarty-Larson, PLLC, our Lubbock Chapter 13 Bankruptcy Attorneys are here to support you every step of the way. From understanding your options to assisting with paperwork and court procedures, we will provide the guidance you need to make confident decisions. Our goal is to help you regain control over your financial future and provide you with the peace of mind that comes with a fresh start.
Lubbock Chapter 13 Bankruptcy Client Story
This client story is for educational purposes only.
Maria sat in her small apartment in Lubbock, TX, feeling like the weight of the world was on her shoulders. She had worked hard her whole life, but no matter how many hours she put in, the bills kept piling up. Credit card debt, medical bills, and unpaid loans had started to swallow her whole. Every day, the stress seemed to grow heavier, and every night, she lay awake wondering if there was any way out of her financial nightmare.
She had always been independent and proud, but now she felt trapped—unable to escape the overwhelming burden of debt. It wasn’t just the late notices and phone calls from creditors that kept her up at night; it was the fear of losing her home, her car, everything she had worked so hard for. Her once bright future now seemed uncertain, and the thought of facing another day with no solution was unbearable.
One afternoon, after yet another overwhelming phone call from a creditor, Maria decided she couldn’t go on like this. She knew she needed help, but the idea of bankruptcy scared her. She had heard so many things about the process, and the word “bankruptcy” made her feel like a failure. But what was the alternative? She couldn’t keep living in this constant state of worry.
That’s when Maria found McCarty-Larson, PLLC. She read about the Chapter 13 Bankruptcy Attorneys in Lubbock, TX, and how they had helped others who were facing the same challenges. Tentatively, she made an appointment to meet with them, unsure of what to expect.
From the very first meeting, Maria felt a sense of relief. The attorneys at McCarty-Larson, PLLC didn’t judge her or make her feel bad about her situation. Instead, they listened to her story and treated her with kindness and respect. They explained how Chapter 13 bankruptcy could help her get back on track, protect her home and car, and create a plan to pay off her debts over time—without the constant fear of losing everything.
As Maria began the Chapter 13 bankruptcy process with the team’s guidance, she felt like she was finally taking control of her future. With their help, she was able to protect her assets, avoid foreclosure, and rebuild her financial life. The burden that had weighed her down for so long began to lift. Slowly but surely, she could breathe again.
Maria’s experience with McCarty-Larson, PLLC showed her that there is hope, even in the darkest of times. They weren’t just attorneys, they were her trusted partners, helping her navigate a difficult path and offering a new beginning.
Get the Help You Need with Our Lubbock Chapter 13 Bankruptcy Attorneys
Facing financial difficulties can be overwhelming, but you don’t have to go through it alone. At McCarty-Larson, PLLC, our team of Lubbock Chapter 13 Bankruptcy Attorneys are here to help guide you through every step of the process. We understand the challenges that come with financial struggles, and we’re committed to providing the support and legal advice you need to get back on your feet.
If you are dealing with overwhelming debt, mounting bills, or the threat of foreclosure, Chapter 13 bankruptcy may offer a solution. It allows you to keep your property while reorganizing your debts into a manageable repayment plan. Our Lubbock, TX based attorneys have years of experience working with individuals facing financial hardship, and we are ready to offer the assistance you need to regain control of your finances.
Reach Out Today for a Personal Consultation
The sooner you reach out for help, the sooner we can start working together on a solution. Whether you are facing foreclosure, creditor harassment, or simply struggling to pay your bills, we are here to listen to your concerns and help you understand your options. McCarty-Larson, PLLC provides clear and straightforward legal guidance that can help ease your financial burden.
Take the first step toward a brighter financial future by calling McCarty-Larson, PLLC today to schedule an appointment. Our Lubbock Chapter 13 Bankruptcy Attorneys are ready to help you navigate this difficult time with confidence and clarity. Let us work with you to find a way out of your financial difficulties and into a more secure future.
Client Reviews
Exceptional service! Professional, knowledgeable, and supportive throughout the process. Highly recommend their team for anyone in need of legal assistance.
Jamaal Jenkins
We Can Help.
Our dedicated team is here to help you reclaim your future.
By working with our experienced bankruptcy attorneys, you can achieve a fresh financial start through Chapter 7 or Chapter 13 bankruptcy, empowering you to rebuild your credit, protect your assets, and pursue employment, housing, and life goals free from the burden of overwhelming debt.
We Proudly Serve the Following Communities
Ellis County including the cities of Ennis, Waxahachie, Midlothian, Red Oak, Ferris, Palmer, Italy, Milford, Maypearl, Garrett, Pecan Hill, Alma, Oak Leaf, and Bardwell.
Johnson County including the cities of Cleburne, Burleson, Joshua, Keene, Alvarado, Godley, Grandview, Venus, Rio Vista, Briaroaks, Cross Timber, Coyote Flats, and Joshua.
Tarrant County including the cities of Fort Worth, Arlington, Grand Prairie, Mansfield, Euless, North Richland Hills, Bedford, Grapevine, Haltom City, Keller, Hurst, Southlake, Colleyville, Saginaw, Watauga, White Settlement, Azle, Forest Hill, Lake Worth, Richland Hills, River Oaks, Sansom Park, Westworth Village, Benbrook, Crowley, Blue Mound, Edgecliff Village, Everman, Pantego, Dalworthington Gardens, and Kennedale.
Dallas County including the cities of Dallas, Garland, Irving, Grand Prairie, Mesquite, Carrollton, Richardson, Rowlett, DeSoto, Duncanville, Cedar Hill, Lancaster, Farmers Branch, Balch Springs, Coppell, Seagoville, Glenn Heights, Sachse, Wilmer, Hutchins, Addison, Sunnyvale, Cockrell Hill, Highland Park, and University Park.
