Chapter 13 Bankruptcy
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Decades of Experience Helping People File Chapter 13

Making the decision to file a Chapter 13 bankruptcy is rarely easy. It takes extensive deliberation and careful planning. The guidance of a skilled attorney can help you determine whether to file Chapter 13, prepare you for the process and guide you to the finish line.

At Pendergraft & Simon, L.L.P., we bring more than 35 years of experience to the table when we help clients file Chapter 13. Our small size means that we provide personal attention and outstanding client service. Whether we represent a business entity or an individual in bankruptcy proceedings, we carefully examine the case at hand to develop practical solutions.

Chapter 13 for Individuals: What to Know

Chapter 13 is also called a wage earner’s plan. It is designed for people who have high enough incomes to repay portions of their debts. Under Chapter 13, you can create a repayment plan with your creditors. Over a three- to five-year period, you can repay your debts in affordable installments. Once you complete your payment plan, the court will discharge your remaining unsecured debts.

Chapter 13 for Businesses: What to Know

Technically, Chapter 13 bankruptcy is for individuals solely, not business entities. However, if you are a business owner, you can use Chapter 13 to restructure your business debts and personal debts into an affordable repayment plan. This will work only if your business is a sole proprietorship. If you realize that Chapter 13 is not the best choice for your business, you may wish to consider Chapter 11, or reorganization bankruptcy.

Contact Us to Get Our Experience on Your Side

Our team at Pendergraft & Simon, L.L.P., is ready to help you reduce your debt through Chapter 13 bankruptcy. To schedule an initial consultation with our bankruptcy lawyers, contact our Texas firm today. You can call 713-528-8555 or send us an email. We represent debtors and creditors.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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