Best Consumer Protection Lawyers in El Paso, TX

In a Chapter 13, you propose a monthly repayment amount based on your income, expenses, property and debt. Under a private debt repayment program, they tell you how much you need to pay whether you can afford it or not. Also, in a Chapter 13, by law the interest stops completely on all unsecured debt such as personal loans, credit cards and medical bills. Under a private debt repayment program, you must try to negotiate with creditors to see if they will reduce their interest.

It is a court order releasing a debtor from all dischargeable debts and ordering creditors not to collect them from a debtor. A debt that is discharged is one that the debtor is released from and does not have to pay.

Any natural person may file under Chapter 13 if the person: 1)resides in, does business in, or owns property in the United States, 2)has a regular income, 3)has unsecured debts of less than $419,275.00 4)has secured debts of less than $1,257,850.00 5)is not a stockbroker or a commodity broker, and 6)has not been a debtor in another bankruptcy case that was dismissed within the last 180 days on certain technical grounds. Corporations, partnerships, and limited liability companies may not file under Chapter 13.

The bankruptcy code is designed to help people get back on their feet and, therefore, provides protection against discriminatory treatment against debtors who file bankruptcy. The law provides that a governmental unit may not deny, revoke, suspend, or refuse to renew a license or permit, or deny or terminate the employment of a debtor solely because they were a debtor under bankruptcy. Furthermore, a governmental unit may not deny a student grant or loan to a person who is or has been a debtor in bankruptcy.

Most clients never go to Bankruptcy Court or see the judge, the attorneys will file the case in court for you. However there is a short meeting with the trustee of the case that you will have to attend. Your attorney will be with you at this meeting. During the COVID19 pandemic, these meetings are being done telephonically.