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Follow on Google News | Facts about Bankruptcy in Houston and How the Right Firm Can HelpIf you are dealing with bankruptcy in Houston, Texas, the Malaise Law Firm can offer you helpful information about this topic and can help you seek the debt relief you are hoping for.
By: Malaise Law Firm Chapter 7, often referred to as straight bankruptcy, involves the liquidation of a debtor’s assets to pay off creditors. Although “liquidation” Chapter 13 bankruptcy involves the debtor creating a payment plan to pay off part or all of his or her debt over a 3 to 5-year time period. This payment plan must be approved by the bankruptcy court and is based upon the debtor’s disposable income, calculated by subtracting necessary expenses from his or her income. Chapter 13 bankruptcy can offer a viable option to stop foreclosure and save one’s home, depending on the circumstances. If you would like to get more information about bankruptcy and how it may help you, do not hesitate to contact the Malaise Law Firm at http://www.houstonbankruptcylawfirm.com/ # # # The Malaise Law Firm is a preeminent bankruptcy and personal injury law firm serving Texas. We have more than 40 years of experience and can assist your at our offices in Houston, San Antonio, Dallas, South Texas, and Fort Worth. The time immediately following an accident resulting in a personal injury or the time following the decision to file for bankruptcy or can be wrought with emotional distress, but you do not have to face something like this on your own. By working with an experienced lawyer from our firm, you can take the steps necessary towards putting your life back on track once more and obtaining stability. For more information about our firm and how we can help you, do not hesitate to visit our site at http://www.malaiselawfirm.com/ End
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