Chapter 13 Bankruptcy Lawyer – Augusta Georgia

Chapter 13 Bankruptcy Lawyer – Augusta Georgia

Your Chapter 13 plan must pay certain debts called priority debts in full. These debts, include child support and alimony, wages you owe to employees, and certain tax obligations. They are called priority debts because they're considered sufficiently important to jump to the head of the bankruptcy repayment line.
Regular payments on secured debts, such as a car loan or mortgage, as well as repayment of any arrearages on the debts the amount by which you've fallen behind in your payments must be included in your plan.
Under the plan any disposable income left after making the required payments goes towards repaying your unsecured debts, such as credit card or medical bills. These debts need not be repaid in full or at all, in some cases. You just have to show that you are putting any remaining income towards their repayment.
Your earnings and your debt determine the length of your repayment plan. If your average monthly income over the six months prior to the date you filed for bankruptcy is higher than the median income for your state, you will have to propose a five year plan. If your income is lower than the median, you may propose a three year plan.
We are bankruptcy attorneys based in Augusta, GA (Georgia). We serve clients in Augusta, GA (Georgia) and throughout the CSRA, including Columbia County, Richmond County, Lincoln County, McDuffie, Jefferson and Burke Counties, Evans, Appling, Waynesboro, Louisville, Thomson, Lincolnton, Girard Georgia & Aiken, South Carolina & North Augusta SC. Contact us. We can help you file for bankruptcy.
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We are Augusta GA bankruptcy lawyers and bankruptcy attorneys in Augusta - Evans Georgia that assist their clients in filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Augusta GA.