A Chapter 13 Bankruptcy has many added benefits over the Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in the Chapter 13 Bankruptcy, the individual can at least protect his house from foreclosure. All proceedings will come to halt if he files for Chapter 13 Bankruptcy. He will have a period of 3-5 years to pay off the creditors. The Chapter 13 Bankruptcy permits an individual to reallocate secured debts. It can over a time period, reduce the payments that he has to make. Finally the debtor will not have any connection or contact with his or her creditors when he or she has filed Chapter 13 Bankruptcy.
A Richmond County, Georgia Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Any person, either self employed or working in any organization may file a chapter 13 bankruptcy in Richmond County, Georgia and obtain protection under it. The only criteria is that his unsecured debts must be below $336,900 and secured part of the debts below $ 1,010,650. No corporation can seek help 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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