In this economy, many people fall behind on their debts due to circumstances beyond their control. Job loss, medical bills, and divorce can all make it difficult to remain current with your monthly payments. However, if you think that with assistance you would be able to repay some of your debt over the next 3 to 5 years, Chapter 13 bankruptcy might be the right solution for you.
For help filing Chapter 13 bankruptcy, call (678) 909-1300 for a free consultation with our capable Cumming bankruptcy attorney.
Rather than eliminating debt like Chapter 7 bankruptcy, Chapter 13 restructures your debt so that you make monthly payments to a trustee who will pay creditors on your behalf for the next 3 to 5 years. If payments were made on time for the full agreed upon period, creditors will usually forgive any remaining debt. To file for Chapter 13 bankruptcy, you will need to prove that you have enough income to make the monthly payments and still pay for the other expenses of your day-to-day life.
Under Chapter 13, you may be able to keep important assets like your house, car, and retirement funds. If you were past due on payment for any of these assets, they will be included in your monthly trustee payments.
Determining your eligibility for bankruptcy can be difficult without experienced help. Our Cumming bankruptcy lawyer can review your finances with you and help you determine if Chapter 13 bankruptcy is a good choice for you. Our team is very discreet, and all meetings and decision are kept confidential. Reach out today to get started.
You can contact Marcus A. Rosin, P.C. online or call (678) 909-1300. First consultations are offered at no charge.