Chapter 13 Bankruptcy

Dallas Chapter 13 Bankruptcy Lawyers – Wage Earners Plan

Fort Worth Foreclosure Attorneys; How a Repayment Plan Preserves Your Assets

If you are a regular wage earner and are behind on your car or house payments, then a Chapter 13 Bankruptcy may be the best choice for you. It allows you to affordably pay a portion or all of your debts, including any late payments, over a 3 to 5 year payment plan. Once your secured creditors and priority debts (tax debts, student loans, alimony or child support obligations) are brought current, any unsecured debt that remains should be eliminated in a bankruptcy discharge at the conclusion of your case.

Unlike a Chapter 7 bankruptcy, where some of your assets may have to be liquidated to pay your creditors, a Chapter 13 repayment plan typically uses your income to pay your debts.

A Dallas Chapter 13 bankruptcy lawyer at Fears Nachawati Law Firm can look over your particular financial situation and determine if you qualify for the Chapter 13 wage earner’s plan. Call us today at to schedule a no-cost case evaluation, either by phone or at one of our convenient office locations.

A Chapter 13 bankruptcy “wage earner’s” plan is ideal for those who wish to:

  • Become current on overdue loan payments
  • Avoid automobile seizures
  • End the threat of home foreclosure
  • Financially protect friends or family members who have co-signed a loan for them

Protection from Creditors through an Automatic Stay Order

One of our Fort Worth foreclosure attorneys can explain how an Automatic Stay Order issued by the Court, can stop any foreclosure activities or property seizures by your lenders. The order puts an immediate halt to all creditor communications, harassment or collection activity. The stay goes into effect when your Bankruptcy Petition is filed.

Debts that Cannot Be Discharged through Bankruptcy

As a general rule, certain debts and ongoing obligations are not discharged in a Chapter 13 Bankruptcy, such as:

  • Child Support and Spousal Maintenance
  • Tax Debts
  • Educational Loans
  • Home Mortgages
  • Retirement Loans
  • Restitution debts for willful or malicious actions

Getting Your Debts Discharged at the End of Your Repayment Plan

You may be required to go before a Bankruptcy Judge during a Chapter 13 discharge hearing. The Judge should issue you a discharge once they know you have completed your payment plan in a satisfactory and timely manner.

A Dallas Chapter 13 bankruptcy lawyer at the Fears Nachawati Law Firm can explain how the repayment plan works to preserve your assets. Call our office today at to schedule a free case evaluation.

“Jacqueline, Thank you so much for your time this afternoon, I really appreciate you giving me such personal attention. This is such a difficult decision and it’s made much easier knowing there is someone to answer questions that come up.”


— Plano, TX