A Chapter 13 Bankruptcy has many additional benefits over the Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in a Chapter 13 Bankruptcy, an individual can at least protect his home from foreclosure. All proceedings will be stayed after he files for Chapter 13 Bankruptcy. He will have a period of 3-5 years to pay off his debts. A Chapter 13 Bankruptcy allows an individual to reallocate secured debts. It can over a period of time, reduce the payments that he has to make. Finally the debtor will have no connection or contact with his or her creditors once he or she has filed Chapter 13 Bankruptcy.
A Evans, GA Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Any individual, either self employed or employed with any organization may file a chapter 13 bankruptcy in Evans, GA and seek protection under it. The only condition is that his unsecured debts must be below $336,900 and secured part of the debts lower than $ 1,010,650. No organization may seek assistance or file chapter 13. An individual cannot file for chapter 13 if his bankruptcy application 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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