Get Help for Filing Chapter 13 Bankruptcy in Atlanta
Our Atlanta Attorneys has all the Legal Information for filing a Chapter 13 Bankruptcy in Atlanta
Atlanta Chapter 13 Bankruptcy is defined as debt consolidation and repayment, and is only available to those who have current income. If you own property, such as a home or a vehicle, are behind on payments, and you face the threat of foreclosure, repossession, or garnishment, Chapter 13 bankruptcy provides a means of keeping this property by making monthly payments.
Chapter 13 Bankruptcy Attorney in Atlanta – CMC Law Firm
“I want to file for Chapter 13 bankruptcy in Atlanta, what are my options?”
The federal bankruptcy law falls under Title 11 of the United States Code. Title 11 is divided into 8 Chapters. The two most common Chapters when filing for bankruptcy are Chapter 7 and Chapter 13.
Filing for bankruptcy should be a last resort. This action is only for people or businesses whose financial situation has become dire and there is no other recourse but to file for bankruptcy. A lawyer should then be consulted. Here are some guidelines for when you should start to consider filing for bankruptcy:
You are unable to pay your debt. Being unable to pay your debt means that your debt has grown so large you cannot see being able to repay it anytime in the future. Filing for bankruptcy may lead to a 3-5 year payment plan to repay some of your debt. If you debt is out of control and you believe you will not be able to pay it back for many years, you may want to consider filing for bankruptcy.
Your wages are being garnished. If a portion of your paycheck is being withheld to repay your debt it may be time to file for chapter 13 bankruptcy in Atlanta. A chapter 13 attorney can help protect your income and ensure you are able to continue to earn a living.
You are being harassed by collection agencies. Collection agencies can make everyday life extremely frustrating and difficult. Filing for bankruptcy and employing a lawyer can help protect you against the harassment of collection agencies.
Your property is being repossessed because you can’t pay. By filing for bankruptcy, a lawyer may be able to stop your possessions from being repossessed and protect almost everything you own.
“How Can an Attorney in Atlanta Benefit Me when I file for Chapter 13 in Atlanta?”
Filing for bankruptcy assists an individual or company in three main ways. Bankruptcy can:
- Wipe out credit card debt, medical bills, and other unsecured debt.
- Stop creditor harassment and collection activities.
- Eliminate certain kinds of liens. A lien is a creditors right to take your property if you can’t make payments.
“What can’t an Attorney do for me when I file for Chapter 13 in Atlanta?”
The following are debts that will not be forgiven by filing for bankruptcy. Bankruptcy can’t:
- Prevent a creditor from repossessing property that has a secured debt attached to it. (An example of this is an automobile repossession).
- Eliminate child support or alimony.
- Eliminate tax debts.
- Eliminate student loans.
- Get rid of fines you incurred from violating laws (i.e. traffic or parking tickets).
- Resolve debts for Bankruptcy or death you have caused as the result of driving under the influence.
Atlanta’s Chapter 13 Bankruptcy Payment
Chapter 13 bankruptcy attorney charge either an hourly fee or a flat fee. Hourly fees depend on a bankruptcy lawyer’s experience, operating expenses, and the location of their practice.
If your bankruptcy is relatively simple and easily defined, your attorney may charge a flat fee. Make sure you understand exactly what is included in the flat fee. Additional fees may include things such as filing fees.
Contact us at 404.585.0040 for a free consultation to find out if filing Chapter 13 might be right for you.