A Chapter 13 Bankruptcy has numerous added benefits over a Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in a Chapter 13 Bankruptcy, an individual can at least protect his house from foreclosure. All proceedings will come to halt after he files for Chapter 13 Bankruptcy. He will get a period of 3-5 years to pay back the debts. The Chapter 13 Bankruptcy permits the individual to reallocate secured debts. It can over a period of time, lower the payments that he should make. Finally the debtor will have no connection or contact with his or her creditors when he or she has filed Chapter 13 Bankruptcy.
A Athens-Clarke County, Georgia Chapter 13 Bankruptcy can help you file for Chapter 13 Bankruptcy. Any individual, either self employed or employed with any organization can file a chapter 13 bankruptcy in Athens-Clarke County, Georgia and seek protection under it. The only criteria is that the unsecured debts should be lower than $336,900 and secured part of the debts below $ 1,010,650. No organization may seek assistance or file chapter 13. An individual cannot file for chapter 13 if his bankruptcy petition was dismissed 180 days before the filing.
---------------------Athens Georgia bankruptcy lawyer | Bankruptcy attorneys in Athens GA and Athens-Clarke County - Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
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