The Chapter 13 Bankruptcy has numerous additional advantages over a Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in the Chapter 13 Bankruptcy, the individual can at least protect his home from foreclosure. All proceedings will be stayed if he files for Chapter 13 Bankruptcy. He will have a period of 3-5 years to pay off the creditors. A Chapter 13 Bankruptcy permits the individual to reallocate secured debts. It can over a time period, reduce the payments that he should make. Finally the debtor will not have any connection or contact with his or her creditors while he or she has filed Chapter 13 Bankruptcy.
A Athens, Georgia Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Any person, either self employed or employed with any organization may file a chapter 13 bankruptcy in Athens, Georgia and obtain protection under it. The only criteria is that the unsecured debts must be below $336,900 and secured part of the debts lower than $ 1,010,650. No corporation can seek help or file chapter 13. A person cannot file for chapter 13 if his bankruptcy application 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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