Chapter 13 Bankruptcy Attorneys Roswell Georgia

If we analyze your assets, debts, income and expenses and determine that you do not qualify for Chapter 7 or that it is not the best option in your situation, you may still be eligible for a Chapter 13 repayment plan. Some of the reasons that Chapter 13 bankruptcy may be more appropriate include the following:

  • Delinquent mortgage payments
  • Failure to qualify for Chapter 7 under the means test
  • Substantial non-exempt assets
  • Insufficient time has passed since a Chapter 7 discharge

Debtors who are behind on their mortgage often will use a Chapter 13 bankruptcy repayment plan to repay mortgage payment arrearages. This allows someone facing the prospect of foreclosure to spread mortgage payment arrearage over a 3 to 5 year plan while keeping up with the current mortgage payment. The Chapter 13 bankruptcy plan will include amounts payable to secured creditors, certain priority unsecured creditors and non-priority unsecured creditors. While arrearages on secured debts and priority unsecured debts, which include obligations like unpaid employee wages and family court obligations, must be paid in full, the balance remaining on unsecured non-priority debts is discharged at the completion of your Chapter 13 bankruptcy plan much like in Chapter 7. The Chapter 13 bankruptcy process is much more complicated than Chapter 7 so it is important to retain an experienced Chapter 13 bankruptcy attorney.

Whether you are an individual, business, debtor or creditor or you need a consumer Chapter 13 bankruptcy or an organization under Chapter 11, our experienced and dedicated bankruptcy team< can guide you successfully through the bankruptcy process as we have hundreds upon hundreds of others. Our bankruptcy lawyers provide effective bankruptcy legal representation to clients in Georgia cities throughout the Atlanta metro area and surrounding areas.

To learn more about bankruptcy laws in the state of Georgia please visit http://www.ganb.uscourts.gov

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