Let Us Help You Reorganize Your Debt

Let Us Help You Reorganize Your Debt

Chapter 13 bankruptcy in Houston, TX

Chapter 13 bankruptcy is known as a “Wage Earner” plan. It allows you to pay off your debt over a three-year to five-year period using your future income. By opting for this payment plan, you can often save your property from foreclosure or repossession while paying your unsecured debts a portion of what is owed.

The Law Office of James Patrick Brady, in Houston, TX, will help you decide if this choice is right for you.

Weigh your options before you file

When you decide to file for bankruptcy, you want to make sure that you’re weighing all of your options. Attorney James Patrick Brady will walk you through the pros and cons of Chapter 13.


  • You’ll have more time to make your payments
  • Under a Chapter 13 plan, you can keep the property you’re making payments on
  • You may be able to obtain new lines of credit within one to three years of filing


  • It may take up to five years to repay your debt
  • Debts are paid out of your disposable income
  • It may remain on your credit report for up to 10 years
  • It will make it nearly impossible to get a mortgage
  • It will make it hard to declare Chapter 7 later
  • It will not relieve you of your obligations to pay alimony or child supportBankruptcy will not get rid of your student loan debt

These are just a few of the pros and cons of filing Chapter 13. To learn more about whether or not if filing is the best choice for your financial situation, contact our law office today.