Why You Should Consider Filing Chapter 13 Bankruptcy in Atlanta

Why You Should Consider Filing Chapter 13 Bankruptcy in Atlanta Explained By An Atlanta ss

You can include past due mortgage payments in your plan if you are facing foreclosure. This way you have the whole length of the plan to make these payments, get caught up and save your house.

2. Chapter 13 is very flexible. You can dismiss your case or convert it to Chapter 7 at any time. Moreover, you can modify the payment plan if you have a change in income or decide to give up a house or car. And you can refinance or sell your house during the administration of the 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. You can include debts that are not allowed in a Chapter 7 like some divorce payments.


7. You don't have to pay your attorney's fees up front; you can pay them over time.


8. You can keep your car without having to reaffirm it.


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.


It's a sad fact that there is still a negative connotation associated with bankruptcy. But it's important to realize that filing for bankruptcy allows you to clean the slate and have 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. Filing bankruptcy affects your life in many ways so it's smart to hire a somekeyword who has extensive experience in bankruptcy law.somekeyword somekeyword somekeyword somekeyword