A Dallas Bankruptcy Lawyer, serving Fort Worth, Arlington, and Mansfield

Chapter 13 Bankruptcy

Chapter 13 (Chapter 13 in the Bankruptcy Code treats a broader range of debts than Chapter 7, but payments must be made to a Trustee for a period of time. The Trustee passes some payments to creditors. There are certain benefits available. Chapter 13 is sometimes referred to as a "Wage Earner's Plan."

Chapter 13 allows individuals to temporarily halt foreclosures and collection actions while they draft and execute a plan to repay some or all of the debts over a three- to five-year period. The repayment plan needs to be approved by the bankruptcy court. Sometimes, if you are behind on your mortgage or your car loan, and you don't think you can catch up easily, you file a Chapter 13 bankruptcy. Your debts may be restructured, and some interest rates may be changed on your loans.

Ted Machi is Board Certified* in Consumer Bankruptcy law by the Texas Board of Legal Specialization. For over thirty years, he has helped the little guy in the DFW metroplex through effective, determined, professional representation.

 

The Debt Doctor on TV

Have you seen the Debt Doctor on TV. He has shown us how bankruptcy is not as scary as you might think, and some credit counselors fail to tell the whole story. Below are couple of the Debt Doctor's Commercials.

More Debt Doctor Commercials are here.

Famous and Bankrupt

Arlington bankruptcy lawyerThe list of famous people who faced bankruptcy is long. A short list includes P.T. Barnum, Lorraine Bracco, Kim Basinger, Toni Braxton, Lenny Bruce, Buffalo Bill, Tia Carrere, George Clinton, Francis Ford Coppola, David Crosby, Walt Disney, Jim Dooley, William C. Durant, Mick Fleetwood, Zsa Zsa Gabor, Marvin Gaye, Ulysses S. Grant, Archie Griffin, Corey Haim, Dorothy Hamill, MC Hammer, Isaac Hayes, Milton Snavely Hershey, Ronald Isley, Don Johnson, Margot Kidder, Larry King, Suge Knight, Cyndi Lauper, Jerry Lee Lewis, Abraham Lincoln, Meat Loaf, Lisa "Left Eye" Lopes, William McKinley, Willie Nelson, Wayne Newton, Ted Nugent, Thomas Paine, Tom Petty, Tammy Wynette, Oscar Wilde, Mark Twain, Lawrence Taylor, Burt Reynolds, Willie Nelson, George Foreman, Sheryl Swoopes, Mickey Rooney, Donald Trump.

 
 

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