Chapter 13 bankruptcy establishes a debt repayment plan that consolidates your debts and any vehicle or mortgage delinquency into one structured payment. It also stops pending collection activity and can enable clients to save their home or vehicle through debt restructuring. At Bournakis and Mitchell, P.C., our Northwest Georgia bankruptcy lawyer is well equipped to handle a variety of issues that may arise and can walk you through the process.
We work for bankruptcy solutions that allow you to move forward with your life free of debt, once and for all! Call our caring legal team at (706) 350-6075 to get started. FREE Consultation
Chapter 13 bankruptcy, also known as reorganization bankruptcy, allows debtors to keep all their property but requires them to pay back all or a portion of their debts within a three to five year period. Before you can file for a chapter 13 bankruptcy, you must complete credit counseling with an agency approved by the United States Trustee’s office. After you complete counseling, you can file a packet of information and pay a filing fee.
Chapter 13 bankruptcy is limited to debtors with less than $336,900 in unsecured debts such as medical bills and credit card debts, and less than $1,010,650 in secured debts. The debtor who files must provide a repayment plan that repays some debts in full. These include priority debts such as child support, alimony, and non-dischargeable payments, and secured debts such as a mortgage or vehicle loan, judicial liens, and tax liens. The Northwest Georgia bankruptcy attorney at Bournakis and Mitchell, P.C. gives each client personal attention and can help determine the best option for filing bankruptcy.
Start living debt-free today. Contact Bournakis and Mitchell, P.C. at (706) 350-6075 for more information.