Looking For A Chapter 13 Bankruptcy Attorney?
Chapter 13 bankruptcy is different from Chapter 7. In a Chapter 7 bankruptcy, the debtor’s unexempt property is sold and used to pay off their debts. In a Chapter 13 case, the debtor enters a court-protected repayment plan. They pay off a portion of their debts under the supervision of the bankruptcy court, typically over the course of three to five years. Under the court’s protection, creditors can’t charge interest or penalties during the payment plan. When they successfully complete your Chapter 13 bankruptcy payment plan, the court will discharge all of their remaining debt. Brad Stephens is an experienced bankruptcy attorney who has assisted clients in filing Chapter 13 for over ten years. He assists clients in Cartersville and Adairsville, GA as well as the surrounding areas.
Are you struggling to pay off debt and keep up with necessary expenses? Do you wish there was a way you could start fresh without having to give up your property? Bankruptcy may be your best course of action. Bankruptcy courts do not require you to have an attorney to assist you. However, bankruptcy laws (and the forms involved with filing) are very complicated, and most people who try to file on their own learn that quickly. Unfortunately, courts rarely confirm Chapter 13 petitions that were filed without an attorney.
Brad Stephens is an attorney with extensive Chapter 13 bankruptcy law experience. He can help you identify the most effective method to relieve your debt obligations and move on with your life. Call (770) 334-2704 or fill out our online contact form in order to get in touch with a knowledgable attorney and figure out your next move. Brad is looking forward to meeting you and helping you improve your financial situation with dependable legal guidance.
Chapter 13 Bankruptcy: Know Your Rights
There are many instances when a Chapter 7 bankruptcy would be favorable over a Chapter 13 case. However, not everyone is eligible for Chapter 7. For example, if your current monthly income is greater than the median income for a household of your size in Adairsville, GA, you are not eligible for Chapter 7. Also, if you have a certain amount of disposable income after subtracting expenses, you are not eligible for Chapter 7. A Georgia state “means test” will calculate which plan you are eligible for.
There are some cases when you’d want fo file Chapter 13 even if you are eligible for Chapter 7. For example, if you are behind on your mortgage or car loan payments, Chapter 13 would allow you to make up for those payments over time. The best way to find out how to deal with your debt is to consult with a professional Chapter 13 bankruptcy attorney like Brad Stephens.
Experienced Lawyers Are Ready To Help.
Chapter 13 Discharge: Getting There
These are the eligibility requirements you need to meet before filing for Chapter 13.
- Show that you have steady, reliable income by providing your tax return documents
- Participate in an approved credit counseling session to ensure that you are aware of your options
- Make a claim of both secured and unsecured debt (with amounts within legal limits)
- Show that you have not filed Chapter 13 in the previous two years, or Chapter 7 in the previous four years
Chapter 13 can offer substantial relief if you complete the payment program successfully. The court will work out a payment plan based on your income and the amount of debt you claim. Because they are required to prove reliable income, the vast majority of filers complete their repayment programs successfully.
Brad Stephens aims to make the process simple and convenient with minimal stress and cost. He has the experience to guide you, help you file properly, and get your petition accepted by the court.
Filing Chapter 13: Get The Help Of Brad Stephens Today
If you can stick to the terms of your Chapter 13 payment plan, your remaining debts will be discharged and you will be able to start fresh. Many people use Chapter 13 in order to keep valuable property that isn’t exempt under Georgia state law. It can prevent home foreclosure, allow you to make up missed car payments, pay back taxes, and more.
Speak with a Chapter 13 bankruptcy attorney near Adairsville, GA today: (770) 334-2704
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