Filing Chapter 13 Bankruptcy in Atlanta An Experienced Bankruptcy Lawyer in Atlanta Outlines 12
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. Moreover, you can modify the payment plan if you have a change in income or decide to give up a house or car. You are also allowed to refinance or sell your house during the time of your plan.
3. You can challenge the costs added to your mortgage by the lender.
4. You can use the Chapter 13 to remove an 'unsecured' second mortgage from your home.
5. Trustees want you to succeed, so they will cooperate with you.
6. Some debts that you cannot include in Chapter 7, such as divorce payments, can be included in Chapter 13.
7. The fee you pay your attorney can be spread out rather than being paid in full before you file.
8. You can keep your car without having to reaffirm it.
9. If you have past due child support/alimony or taxes, you have up to 5 years to catch up.
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. A Chapter 13 case cannot be challenged by the US Trustee based on your income, unlike a Chapter 7 case.
The idea of filing for bankruptcy for many people still carries a stigma of failure. Truthfully, however, filing bankruptcy is a great way to get a fresh start. Before filing, you should speak to an somekeyword who can advise you on whether to file for Chapter 7 or 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
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