PRACTICE LIMITED TO BANKRUPTCY LAW

At the Law Office of Weldon R. Grisham, we represent individuals in Chapter 7 and Chapter 13 bankruptcy proceedings in the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division.

Chapter 13 Representation - Chapter 13 is a wage-earner repayment plan. It is a federal law designed to help individuals, married people and sole proprietors repay a portion of their debts with dignity and peace of mind. A plan for the repayment of debts is created by you and your attorney and, with the approval of your creditors, confirmed by the Court. The process of creating the plan and getting it approved by creditors and confirmed by the Court takes about 9 months. Upon successful completion of the plan, the bankruptcy is discharged. A Chapter 13 bankruptcy filing may:

• Allow you to stop the foreclosure on your home
• Give you up to five years to catch up on your house payments
• Stop the repossession of your vehicle
• Allow you to take three to five years to pay off the lesser of the value of your vehicle or the actual amount owing on your vehicle. And it may reduce the interest rate you are being charged.
• Stop the IRS from garnishing your wages

Weldon R. Grisham represents clients for Chapter 13 and 7 bankruptcies in most North Texas cities, including Fort Worth, Arlington, Weatherford, Keller, Cleburne, Granbury, Hurst, Euless, Bedford, Watauga, North Richland Hills, Haltom City, Southlake, Colleyville, Burleson, Bridgeport, Decatur, Mineral Wells, Jacksboro, Granbury, Stephenville and Comanche, Dallas, Lewisville, Flower Mound, Carrollton, Irving, Grand Prairie Counties served include Tarrant, Wise, Palo Pinto, Jack, Hood, Erath, Dallas County and Comanche.

Fort Worth Chapter 13 Attorney

Chapter 13 Bankruptcy
The following information is not meant to replace the advice and guidance of a licensed attorney:

The wage earner repayment plan is called a Chapter 13 reorganization. This type of bankruptcy is chosen by people who do not choose to file Chapter 7 or who have property to protect and a steady income from which they can make payments. This individual reorganization requires the petitioner to create a repayment plan that attempts to repay the creditors some percentage of what they are owed. With the assistance of your attorney, a plan will be confirmed by the court with the approval of your creditors. This normally requires approximately nine months to accomplish. Upon the successful completion of the plan, the bankruptcy is discharged. You need not worry about ever being contacted by creditors again.

Remember, this is presented as general information only. If you feel you need legal advice, please contact the Law Office of Weldon Grisham at 817.390.0065 to arrange for a free consultation.

Who Can File Chapter 13?
The following information is not meant to replace the advice and guidance of a licensed attorney:

If you are in debt that you cannot pay, a Chapter 13 bankruptcy may be an option for you to consider. With it, you are allowed to set up a payment plan to repay your debts. After filing a Chapter 13 bankruptcy, your creditors will be notified. This will stop all harassing phone calls and letters. You must be prepared to give your attorney a list of all your creditors, including account numbers and addresses; your budget which reflects your average monthly income and expenses; and your assets, such as your home, vehicles, furniture, checking accounts, savings accounts, clothing, etcetera; plus some general financial information regarding your present situation and your recent past.

A Chapter 13 trustee will review this information. You will be required to pay the Chapter 13 trustee a monthly fee. You must attend a seminar presented by the Chapter 13 trustee's office; this is a one-day seminar, generally from 8:30 a.m. to 4:30 p.m., normally held on Tuesdays but sometimes on Fridays. Your Chapter 13 payment plan can be as short as 36 months, three years, or as long as 60 months, five years, or for some period of time between 36 and 60 months. The attorney you hire will assist you in each of these procedures and make sure that you meet the requirements of the Chapter 13 trustee and the Federal Bankruptcy Court.

Remember, this is presented as general information only. If you feel you need legal advice, please contact the Law Office of Weldon Grisham at 817.390.0065 to arrange for a free consultation.

What Does it Cost to File for Chapter 13?
The following information is not meant to replace the advice and guidance of a licensed attorney:

There is a court filing fee for filing bankruptcy, which is paid to the Federal Bankruptcy Clerk's office. At the present time, the fee is $194 for Chapter 13. Your attorney will alert you of any changes. During the free consultation in the Office of Weldon R. Grisham, all options under both Chapter 7 and Chapter 13 will be explained. You will also be informed of all charges and how you are to pay the law office. Fees and payment arrangements are structured so that if you choose to file bankruptcy, you can afford to do it!

Remember, this is presented as general information only. If you feel you need legal advice, please contact the Law Office of Weldon Grisham at 817.390.0065 to arrange for a free consultation.

Fort Worth Chapter 13 Lawyer