Why You Should Consider Filing Chapter 13 Bankruptcy in Atlanta Explained By An Atlanta
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. Also, during the administration of the plan, you can sell or refinance your house.
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. 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. You can include debts that are not allowed in a Chapter 7 like some divorce payments.
6. Trustees want you to succeed, so they will cooperate with you.
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. You can extend your payments for a car or other secured debt.
10. You will have up to 5 years to get caught up on past due taxes or child support/alimony obligations.
11. A Chapter 7 case can be challenged by a United States Trustee based on your income; a Chapter 13 case cannot.
12. You will not lose any of your property, regardless of whether it is exempt.
The idea of filing for bankruptcy for many people still carries a stigma of failure. 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
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