Filing Chapter 13 Bankruptcy in Atlanta An Experienced Atlanta Bankruptcy

Filing Chapter 13 Bankruptcy in Atlanta An Experienced Atlanta Bankruptcy Attorney Outlines 12 Rea

Here are 12 reasons why you may want to consider filing a Chapter 13 bankruptcy in Atlanta:

1. 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.


2. Flexibility - You can dismiss the case at any time or convert it to a Chapter 7. If you have a change in income, decide to give up a house or a car, you are allowed to modify your payment plan. You are also allowed to refinance or sell your house during the time of your plan.


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


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


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


8. Attorney fees can be paid over time instead of prior to filing.


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


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


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


12. Your property will not be taken away, whether it is exempt or not.


There is still a stigma of failure attached to filing for bankruptcy. But the fact remains - declaring bankruptcy is a compelling way to make a fresh start, to clean the slate, so to speak. You need to speak to a professional somekeyword so you know the pros and cons of Chapter 7 and Chapter 13 bankruptcy. You will likely have a lot of questions about how filing bankruptcy will affect you, your livelihood and your future. Be sure to find a somekeyword who focuses on bankruptcy law so he can answer all your questions.somekeyword somekeyword somekeyword somekeyword