McDonough & Macon Chapter 13 Bankruptcy Attorneys

Our Firm Can Help You Reorganize Your Debts. Contact Us Today at (770) 629-8065.

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Chapter 13 bankruptcy involves a debt consolidation or repayment plan. In order to be eligible to file under Chapter 13, you must have a source of regular income, such as employment or social security. This form of bankruptcy is ideal for many Georgians because it allows them to catch-up on missed payments to secured creditors, such as car payments or mortgage payments. In many cases, it is still possible to wipe out your unsecured debt, liked credit cards and medical bills, while keeping your home and vehicle.

Why Should I Choose Chapter 13 Bankruptcy?

Chapter 13 bankruptcy should be thought of as a financial planning tool which can be used to end a "cycle of debt" without losing everything. While some of your debt can be discharged, this option is more focused on giving you some breathing room. Once a bankruptcy case is filed, a court ordered "automatic stay" goes into effect, which will put a stop to all creditor contact and action.

An automatic stay will immediately stop:

Harassing phone calls and letters

How Chapter 13 Bankruptcy Works

Chapter 13 bankruptcy can last three to five years depending on your household income. During that period, you will make payments to the trustee in your case each month. From that payment, the trustee will pay administrative fees, including trustee and attorney's fees, payments to secured creditors, and payments to priority claims.

If all of those creditors and claims have been paid before your case ends, the trustee will begin paying unsecured creditors, such as credit cards and medical bills. It is possible to complete your case and receive a discharge of your remaining debt without paying your unsecured creditors. You will need to have paid all of your secured and priority creditors and have met your applicable payment commitment period.

Call (770) 629-8065‚Äč to schedule your free and confidential consultation with an experienced McDonough bankruptcy attorney.
We have weekday, weekend, and evening appointments available to accommodate your schedule.

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