A Skilled Bankruptcy Attorney in Atlanta Explains 12 Reasons To

A Skilled Bankruptcy Attorney in Atlanta Explains 12 Reasons To File A Chapter 13 Bankruptcy In Atl

The following 12 reasons to file Chapter 13 in Atlanta are worth a look:

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 way you have the whole length of the plan to make these payments, get caught up and save your house.


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. Costs that your lender may have added to your mortgage can be challenged.


4. Chapter 13 can be used to remove a second 'unsecured' mortgage from your home.


5. Trustees will cooperate with you because they want you to succeed.


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


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


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


9. Payments like car payments or other secured debt can be extended.


10. Past taxes and child support/alimony obligations can be caught up over 5 years.


11. Regardless of whether or not your property is exempt, you will not lose any of it.


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


Unfortunately, the term bankruptcy still has a negative connotation. Truthfully, however, filing bankruptcy is a great way to get a fresh start. There are pros and cons to both Chapter 7 and Chapter 13 so it's a good idea to speak with a skilled somekeyword before you file. 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