Selection Of The Right Chapter Of Bankruptcy In Augusta GA

Most people who file for bankruptcy choose Chapter 7 because it's fast, effective, easy to file, and doesn't require payments over time. A typical Chapter 7 case is opened and closed within three to six months, and the person filing emerges debt-free except for a mortgage, car payments, and certain types of debts that survive bankruptcy, such as student loans, recent taxes, and back child support. Chapter 13 acts like a consolidation loan under which you make the plan payments to a chapter 13 trustee who then distributes payments to creditors. You will have no direct contact with creditors while under chapter 13 protection.

An experienced bankruptcy attorney can guide you in selection of the right Chapter. Selection of the right Chapter is very important. If your petition is rejected, there are restrictions on future bankruptcy filing. If you previously filed a Chapter 7 bankruptcy, you must wait eight years before filing again for a new Chapter 7 discharge. The eight years begins with the date of the initial filing, not the date of the initial discharge. If you previously filed a Chapter 13 bankruptcy, you may file a new Chapter 13 bankruptcy after as little as two years after the original petition was filed. If you previously filed a Chapter 7 bankruptcy, you are eligible to file for a new Chapter 13 bankruptcy after four years from the previous filing. If you previously filed a Chapter 13 bankruptcy, you must wait six years before filing a Chapter 7 bankruptcy.

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.