A Chapter 13 Bankruptcy has numerous additional advantages over the Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in a Chapter 13 Bankruptcy, the individual can at least protect his home from foreclosure. All proceedings will come to halt once he files for Chapter 13 Bankruptcy. He will get a period of 3-5 years to pay back the debts. A Chapter 13 Bankruptcy allows the individual to reallocate secured debts. It can over a period of time, reduce the payments that he must 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 Columbia County, Georgia Chapter 13 Bankruptcy can help you file for Chapter 13 Bankruptcy. Any person, either self employed or working in any organization can file a chapter 13 bankruptcy in Columbia County, Georgia and get protection under it. The only condition is that the unsecured debts should be below $336,900 and secured part of the debts less than $ 1,010,650. No organization can seek assistance or file chapter 13. An individual cannot file for chapter 13 if his bankruptcy petition was dismissed 180 days prior to the filing.
---------------------We are Augusta GA bankruptcy lawyer | Georgia attorney that assist their clients in filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Augusta GA.
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