There are many ways to get rid of debt. Among them is what we do here at the Rashid Law Firm in Houston, which is bankruptcy filing.
We help people file bankruptcy under chapter 7 and chapter 13 of the bankruptcy code. A bankruptcy petition under these chapters allows you, if you qualify, to either get rid of your debt, as long as it is considered dischargable debt and you meet other requirements, or pay back a part or all of your debt in a payment plan. That is the main difference between a chapter 7 and a chapter 13. A chapter 7 is not a payment plan, a chapter 13 is a payment plan. The best thing you can do to learn more about bankruptcy is to come into our office for a completely 100% free consultation with a friendly bankruptcy lawyer.