Chapter 13 Bankruptcy Procedure In Augusta GA

Chapter 13 Bankruptcy procedure is easier than Chapter 7. Chapter 7 is proceedings are subject to more scrutiny. Since debts can be paid and assets retained it serves more for the benefit of a good return to financial stability to file Chapter 13 Bankruptcy. In the event that it is not possible to carry out the terms of a bankruptcy then a case can be dismissed and other options pursued. Due to legal representation needed it is best to consult a bankruptcy attorney. If for some reason you are unable to finish a Chapter 13 repayment plan the bankruptcy trustee may modify your plan. The trustee may:

1. give you a grace period, if the problem looks temporary
2. reduce your total monthly payments, or
3. extend the repayment period.

The bankruptcy court can also give you a hardship discharge. If the bankruptcy court does not let you modify your plan or give you a hardship discharge, you have other options. You can convert to a Chapter 7 bankruptcy, unless you received a Chapter 7 bankruptcy discharge within the last eight years or a Chapter 13 bankruptcy discharge within the last six years, or you can ask the bankruptcy court to dismiss your Chapter 13 bankruptcy case. You would still owe your debts. However, any payments you made during your plan would be deducted from those debts. However your creditors will be able to add on interest they did not charge while your Chapter 13 case was pending.

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.