Atlanta Chapter 13 Bankruptcy Protection

Chapter 13 Bankruptcy

Take our Quiz to Find out if You Qualify for Chapter 13 Bankruptcy

If you are struggling with mounting debt, bankruptcy can offer relief — and chapter 13 bankruptcy could be the key to resolving your debts and saying goodbye to those endless calls from creditors and collections agencies.

At Holston & Huntley, LLC, we understand the stress of managing financial hardships. We have assisted clients throughout Georgia in Chapter 13 bankruptcy proceedings. With our skills and experience, we can provide  you with the representation you need at a price you can afford.

Filing Chapter 13 Bankruptcy in Georgia

So, what is Chapter 13 bankruptcy? Chapter 13 allows you to repay all or part of your debts with a plan that works for your income and finances. The process can take from three to five years, depending on your income and how much you  owe. As such, Chapter 13 is similar to a debt consolidation, but there are some key differences.

Under Chapter 13, you will make fixed installment payments to a trustee for any debt included in the plan between 3 to 5 years. The trustee will then distribute the payments to your creditors.

Not only that, but if you’re facing foreclosure, Chapter 13 bankruptcy  can help you keep your  home while paying off your debts. Filing a Chapter 13 bankruptcy stops all foreclosure proceedings. Furthermore, it allows you to resolve delinquent mortgage payments, subject to some restrictions. And, any pending lawsuits that have been filed against you will stop. Chapter 13 also offers some protections for co-signers of loans. And, while your Chapter 13 case is open, creditors are prohibited from starting or continuing collection actions against you.

Generally, individuals are eligible for Chapter 13 bankruptcy if their unsecured debts are less than $383,175 and their secured debts are less than $1,149,525.

Similar to Chapter 7, you must file a schedule of assets and liabilities. You must also receive credit counseling from an approved agency. Creditors are prohibited from starting or continuing wage garnishment once a Chapter 13 bankruptcy is filed, nor can they contact you by phone or letter.

You should know that, within 14 days of filing the Chapter 13 petition, you are required to file a repayment plan for court approval. The payment plan will list a schedule of fixed payments to the trustee. The trustee will then distribute the payments to creditors. You must begin making payments within 30 days of filing the petition. Upon the completion of all payments, the court will enter a discharge. This is just one of the details that a qualified Chapter 13 bankruptcy attorney can help you address.

Explore Your Options with a Chapter 13 Bankruptcy Lawyer

Discussing your financial situation with a qualified Atlanta bankruptcy attorney can help you understand which alternatives are most beneficial to you. Our Chapter 13 bankruptcy lawyers can explain the advantages of this type of bankruptcy and help you understand the best steps to get out from under your debt.

We serve people just like you throughout Georgia, including but not limited to Metro Atlanta, Georgia; Marietta, Smyrna, Dallas, Douglasville, Riverdale, Clayton County, Alpharetta, DeKalb County, East Point, College Park, Conyers, Athens, and Macon, Georgia.

To schedule a free initial consultation, call us at 844.422.8339 (Ga-Buddy) or contact us online.There is no cost to you, and you are under no obligation to pursue a filing. We look forward to helping you file for Chapter 13 bankruptcy and get on your way to debt relief because we understand your needs.

Don’t risk attempting to file your petition alone to save money. Without proper knowledge of the Bankruptcy Code, you face a high risk of having your petition rejected. We offer free consultations with both Chapter 7 and Chapter 13 bankruptcy attorneys in Atlanta.