A Skilled Atlanta Bankruptcy Lawyer Explains 12 Reasons To File

A Skilled Atlanta Bankruptcy Lawyer Explains 12 Reasons To File A Chapter 13 Bankruptcy In Atlanta

Chapter 13 is flexible - At any point, you can either convert the case to Chapter 7 or dismiss it. Also, you can modify your payment plan if you want to give up a house or car or have a change in income. And you can refinance or sell your house during the administration of the plan.

2. If you have fallen behind on your mortgage payments and are facing foreclosure, you can include your past due payments in the plan and save your house from foreclosure. This gives you the entire length of the plan to get those payments caught back up.


3. If you have an 'unsecured' second mortgage, you can use Chapter 13 to remove it from your home.


4. You can challenge the costs added to your mortgage by the lender.


5. You can include debts that are not allowed in a Chapter 7 like some divorce payments.


6. Trustees are on your side and want to help you be successful.


7. Reaffirming your car isn't necessary in order to keep it.


8. The fee you pay your attorney can be spread out rather than being paid in full before you file.


9. You will have up to 5 years to get caught up on past due taxes or child support/alimony obligations.


10. You can extend your payments for a car or other secured debt.


11. You will not lose any of your property, regardless of whether it is exempt.


12. The United States Trustee cannot challenge your Chapter 13 case based on your income, like they can in a Chapter 7.


It's a sad fact that there is still a negative connotation associated with bankruptcy. But the truth is declaring bankruptcy gives you a chance to start over and make a fresh start. It's important to speak with a qualified somekeyword before you file so he can advise you on whether to file Chapter 7 or Chapter 13. Only a somekeyword with a great deal of bankruptcy law experience can answer your questions and tell you how filing bankruptcy will affect your life.somekeyword somekeyword somekeyword somekeyword