Chapter 13 Bankruptcy Lawyer in North Atlanta
Chapter 13 bankruptcy is basically a debt repayment plan that allows you to pay off your debt over a three- to five-year period, often at pennies on the dollar for unsecured debt such as credit card bills. At The Troglin Firm in North Atlanta, we offer a free attorney consultation to discuss your case and determine if Chapter 13 bankruptcy is the best solution for your debt problems.
You may choose to file Chapter 13 bankruptcy for several reasons:
- You may have too much income to file Chapter 7 bankruptcy.
- You may have secured debts that you would lose by filing Chapter 7 bankruptcy.
- You may be significantly behind on your house payments and other secured debts. By filing chapter 13 bankruptcy, you can place your arrearage in your payment plan, which would give you up to five years to get caught up.
- You may have other debts such as child support that cannot be discharged by filing Chapter 7 bankruptcy. By filing Chapter 13 bankruptcy, those debts can be placed in your payment plan and paid over time.
Secured debts such as home mortgages must be fully repaid when you file Chapter 13 bankruptcy. Child support and student loans must also be repaid 100 percent. But you may only have to pay pennies on the dollar for unsecured debts such as credit card bills, hospital bills, lawsuit judgments and payday loans.
To qualify for filing Chapter 13 bankruptcy, you must have a regular source of income such as a job, Social Security disability or alimony.
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Free Attorney Consultation
Your initial consultation is always free at The Troglin Firm. To schedule an appointment with lawyer William M. Troglin, call 678-894-2931 (877-839-9186 toll free) or fill out the contact form on this site. We are located in the Oak Lake Office Center in North Atlanta.
