
Chapter 13: Dept Consolidation Plan
For Those with Higher Incomes or Wish
to Retain Certain Assets
Chapter 13: Dept Consolidation Plan
For Those with Higher Incomes or Wish to Retain Certain Assets
While there isn’t a strict income limit for Chapter 7, debtors must pass a means test. This test compares their income to the median income in Texas. The means test considers various factors, including household size, expenses, and disposable income. If your income is below the median, you generally qualify for Chapter 7. If it’s above, they may need to consider Chapter 13.
Like Chapter 7, there’s no strict minimum income requirement for Chapter 13. However, you must have regular income to propose a 3 to 5-year reorganization plan to pay off debts. You must demonstrate that you can make minimal restitution required by law to your secured creditors, while making payments on those assets not put in the plan. Regular reporting is required that reflects changes in income and expenses that affect your ability to successfully complete the original plan.
Remember that bankruptcy decisions are complex, and individual circumstances vary. Seeking professional advice with Texas bankruptcy attorneys like Barrons & Barrons, LLC, ensures you make an informed choice that offers the best chance of success, regardless of the plan.


These are following guidelines this bankruptcy follows:
Ch. 13 Bankruptcy Can Include:
Ch.13: Some Debts ARE NOT Discharged:

These are following guidelines this bankruptcy follows:
Ch. 13 Bankruptcy Can Include:
Ch.13: Some Debts ARE NOT Discharged:
Why Barron and Barron?
What makes Barron & Barron Law Firm the Right Choice for your Texas Bankruptcy?
Barron & Barron, LLP, is an experienced law firm with two Board Certified Consumer Bankruptcy Attorneys and Certified Public Accountant on our staff. Our attorneys exclusively handle all Chapter 7, Chapter 11, and Chapter 13 bankruptcies for individuals, families and businesses which ensures we are highly qualified. We are up to date on all bankruptcy laws and have probably handled a case just like yours.
Our attorneys have filed more Bankruptcy cases than any other attorney in the Eastern District of Texas in the last 24 years and have over 60 years of Bankruptcy Law experience.
Barron & Barron law firm is family owned. We understand your situation and have the experience to help you regain control of your finances. Let the Barron Law Firm help you to become debt free again. We can help put you back on track to a financial freedom.
Don’t Face Your Financial Troubles Alone