Chapter 13

In the case of chapter 13 bankruptcy, consumers repay their debts, but are able to work reasonable repayment terms. Both chapter 7 and chapter 13 bankruptcies provided debtors with protection from their creditors. Our bankruptcy attorneys will help you determine which option is right for you.

Chapter 13 bankruptcy in Alpharetta is often the solution for individuals who are looking to protect property and reorganize and reduce other debts. Chapter 13 bankruptcy provides you with a way to gain back control. Your creditors will be prohibited from calling you, and you will be provided with relief from all of the stress and frustration debt can cause.

Chapter 13 allows the debtor to come up with a debt repayment plan that cannot exceed five years. This plan must address how the debtor plans to repay priority claims such as back taxes. Since Chapter 13 requires the debtor to make scheduled payments in full to a court-appointed trustee, the debtor must have a stable income and a disposable income.

A debtor may be better off filing for Chapter 13 bankruptcy in many instances. For example, you may not qualify for a Chapter 7 bankruptcy. If your income over the last six months has actually been more than the average income of a household your size in your state, you will not be able to pursue this. In a situation like this, it may be better to file for Chapter 13 bankruptcy.

There are many other aspects that you will need to consider when you are deciding whether to file Chapter 7 bankruptcy or Chapter 13 bankruptcy. These two plans have many benefits, but they each have different benefits.

It is very important when filing for bankruptcy–whether that is Chapter 7 or Chapter 13 bankruptcy–that you take your time and really think about all of your options. Having all of the facts and a comprehensive understanding of both options is going to be extremely important. This is why it is important to speak with an attorney. The right attorney will be able to explain the bankruptcy process to you in debt and help you to make important decisions regarding your personal financial situation.

In order to navigate the Chapter 13 process, it is essential to have a skilled and knowledgeable attorney who understands this process in depth. Contact our attorneys today.

Please see our Forms page to print out the forms we require you to bring with you. 

If you would like more bankruptcy information, or would to speak with a credit card debt lawyer about bankruptcy rules and ramifications, contact us today. We will help you find the best solution to your financial problems.