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Atlanta Chapter 13 Bankruptcy

Find Debt Relief Through Atlanta Chapter 13 Bankruptcy

Atlanta Chapter 13 bankruptcy is a low-interest, possibly interest-free, debt repayment plan that consolidates your debt and allows you to repay it over a 3-5 year period. The advantages of chapter 13 bankruptcy are that you can restructure your debt and keep your property while making payments without the fear of foreclosure or repossession. Accordingly, your creditors are required by federal law to follow the terms of your repayment plan. After you have repaid your debt according to your payment plan, your remaining debts will be wiped away. You must have a consistent source of income for your chapter 13 payment plan to be approved by the court.

How can an Atlanta chapter 13 bankruptcy help you?

  • It Can Save Your Home. Chapter 13 will immediately stop foreclosure proceedings any time before the sale begins. It will give you a financially feasible option to make payments toward your mortgage arrears without the threat of foreclosure and late fees. It’s important to note that you will still be obligated to make all future mortgage payments in full directly to the mortgage lender.
  • You Can Keep Your Car. When you file for chapter 13 bankruptcy, your finance company will no longer be able to take your car. Even better, the courts may recalculate and reduce your balance owed to reflect the current market value of the car. This new amount will be included in your 3-5 year payment plan. After filing, you will no longer owe the finance company for your vehicle. Instead, your court-assigned chapter 13 trustee will distribute payments to your creditors according to your payment plan.
  • Eliminate Second and Third Mortgages. Like many Georgians, you probably owe more on your mortgages than your house is worth. Second and third mortgages may be stripped of their secured status and categorized as unsecured debt. Unsecured debt is given last priority in a chapter 13 bankruptcy and is paid through your payment plan. In most cases, however, unsecured debt is completely eliminated once your bankruptcy is discharged.

You don’t have to live with the stress of bills and legal threats. Let an experienced Atlanta bankruptcy attorney help you get a fresh start with a customized debt resolution. Call The Ballard Law Group at (404)-220-9906 to schedule your free initial consultation and find out how our Atlanta bankruptcy attorney can help you with your chapter 13 bankruptcy.

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Contact The Contact The Ballard Law Group for Debt Relief or Fill Out Our Questionnaire

We offer two convenient locations for appointments with our attorneys—Atlanta, GA and Lawrenceville, GA. Call us today at 404-220-9906 in Lawrenceville, GA or 404-220-9916 in Atlanta, GA or fill out the form and get started on the road to financial relief with a free initial consultation.

    Our Locations

    The Ballard Law Group

    3664 Club Drive, Suite 203 A Lawrenceville, Georgia 30044

    Phone: 404-220-9906

    Fax: 404-220-9907

    The Ballard Law Group

    3355 Lenox Road, Suite 750
    Atlanta, Georgia 30326

    Phone: 404-220-9916

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    Evening and weekend appointments available.

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