A Chapter 13 Bankruptcy has many additional benefits over a Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in the Chapter 13 Bankruptcy, an individual can at least save 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 back his creditors. The Chapter 13 Bankruptcy permits the individual to reallocate secured debts. It can over a period of time, reduce the payments that he has to make. Finally a debtor will have no connection or contact with the creditors if he or she has filed Chapter 13 Bankruptcy.
A Oconee County, GA Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Any individual, either self employed or working in an organization may file a chapter 13 bankruptcy in Oconee County, GA and seek protection under it. The only criteria is that his unsecured debts should be lower than $336,900 and secured part of the debts less than $ 1,010,650. No organization may seek assistance or file chapter 13. An individual cannot file for chapter 13 when his bankruptcy application was dismissed 180 days prior to 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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