Chapter 13 bankruptcy proceeding will allow you to pay your debts, either the entire amount or a part of it, with the help of a payment plan under the supervision of the court. You can keep your assets as long as you make payment according to the plan.
Chapter 13 involves the rehabilitation of the debtor to allow him or her to use future earnings to pay off creditors. Even though chapter 13 bankruptcy is more of a debt consolidation plan, it will remain listed on your credit history. This will most likely prevent you from obtaining a personal loan or even a car loan. If you are able to obtain a loan, the interest rate will be exceptionally high, but this is a small price to pay. The purpose of Chapter 13 is to enable financially distressed individual debtors to propose and carry out a repayment plan under which creditors are paid over an extended period of time. During this time the law forbids creditors from starting or continuing collection efforts. As a general rule, you will be discharged from all debts provided for by the plan except for the following:
1. Certain long-term obligations such as a home mortgage;
2. Debts for alimony or child support;
3. Debts for most government-funded or guaranteed educational loans or benefit overpayments;
4. Debts arising from death or personal injury caused by driving while intoxicated or under the influence of drugs, which also refers to debts for restitution or a criminal fine included in a sentence on the your conviction of a crime.
We are based in Athens, GA (Georgia). We can help you file for bankruptcy if you are located in Athens, Watkinsville, Carnesville, Elberton, Homer, Jefferson, Danielsville, Lexington, Hartwell, Winder, and Clarke County, Oconee County, Elbert County, Franklin County, Banks County, Jackson County, Madison County, Hart County, Barrow County and Oglethorpe County, Piedmont Judicial Circuit, Northern Judicial Circuit and Athens-Clarke County.
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Athens Georgia bankruptcy lawyer | Bankruptcy attorneys in Athens GA and Athens-Clarke County - Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
Brooklyn criminal attorney
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