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 7 and Chapter 13 are your consumer bankruptcy options in Atlanta. Chapter 7, as you probably know, erases your unsecured and credit card debt. However, you may not know the reasons why a Chapter 13 bankruptcy may be the right choice for you.

Take a look at the following 12 reasons that you should think about filing Chapter 13 in Atlanta:


1. 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. Putting past due payments in the plan gives you the chance to catch up since you have until the end of the plan to make those payments.


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


4. Any costs added to your mortgage by your lender can be challenged.


5. Chapter 13 allows inclusion of debts like divorce payments that are not allowed with Chapter 7.


6. Trustees want you to succeed, so they will cooperate with you.


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


8. You can avoid having to reaffirm a car in order to keep it.


9. If you have past due child support/alimony or taxes, you have up to 5 years to catch up.


10. Secured debt such as car payments can be extended.


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. You need to speak to a professional somekeyword so you know the pros and cons of Chapter 7 and Chapter 13 bankruptcy. Be sure you hire a somekeyword with extensive experience in bankruptcy law so he can answer all your questions about bankruptcy and how filing will affect you, your property and your future.somekeyword somekeyword somekeyword somekeyword