Chapter 13 bankruptcy is a great option for many GA residents. This type of consumer bankruptcy is highly favored among filers because you are able to combine your debts into a court-mandated repayment plan, and keep some of the assets attached to the debts. This is one of the multiple perks of chapter 13 bankruptcy. However, you must have the income and ability to repay to be qualified for this type of filing.

The first step to getting on the road to debt relief is to call a dedicated chapter 13 bankruptcy attorney to get you started. In as little as 2 hours the bankruptcy attorneys at C. Golden & Associates can help you stop foreclosure, halt car repossession and reduce your debts significantly helping you get your life back.

There are four general guidelines you must maintain to qualify for chapter 13 bankruptcy:

  • It’s absolutely necessary that you have the income to create an adequate repayment plan.
  • You cannot have more than $1,010,650 in secured debts
  • You cannot have more than $336,900 in unsecured debts
  • You must meet the requirements of the GA Means Test

Why hire a Chapter 13 bankruptcy attorney?

These are the general qualifications that you must meet to file for chapter 13 bankruptcy. Only a good attorney will be able to help you determine which chapter of bankruptcy will be best for you based on your unique situation.

Chapter 13 bankruptcy has help many Georgians that face mounting debt and financial turmoil. Let our highly qualified chapter 13 bankruptcy attorneys help you get back on track. We now have offices in Lithonia, Newnan, Gainesville, Hiram and Fayetteville, GA to better serve clients in the metro areas. Give C. Golden & Associates a call now to schedule your free bankruptcy consultation.

Chapter 13 FAQ

What is chapter 13?

Chapter 13 is also called debt reorganization or the wage earner plan. Under Chapter 13, all of your debts are gathered together in a repayment plan that you agree to make payments on for three to five years. Your monthly payments are decided by your income and expenses.

How long do I have to pay off my debts?

It depends on the size of your debt and the amount of your income. The range is usually anywhere from 36 to 60 months.

What if I need longer to pay off my debts?

It depends on your creditors. If they agree to longer terms then it can stay as Chapter 13 but if not then you will have to continue under Chapter 7.

What happens if I can’t pay or stop paying the trustee?

That depends on many things. If it is a short term situation of less than three months and you contact your trustee to work out an alternate payment plan then they will normally do that for you. If, however, it is a long term situation or you do not contact the trustee then it will either be converted to a Chapter 7 bankruptcy or dismissed entirely. If it is dismissed then you lose any protection that you had through the bankruptcy process.

Do I get to pick my trustee?

No. The trustee is always assigned to you by the courts.

Can I pay it off early?

Not really. If you were able to pay it off early it would mean that your income had changed. If that were true then you would have reported it and the trustee would adjust your repayment plan accordingly.

Can I pay the trustee extra money when I can?

You can but you shouldn’t. If you come upon a temporary windfall then you should tuck it back for an emergency but if your income permanently changes then you will have to report it so your payment plan can be adjusted.

Are there any extra fees that I have to pay besides the filing fee?

No. With Golden Bankruptcy you never have to worry about extra or hidden fees. We will give you a price that covers your case from beginning to end.

Can I buy or sell a home while I am filing for Chapter 13?

Yes but it will begin as a motion before the court. Our attorneys can help you with that process if it comes up.

Will Chapter 13 help me with my IRS debt?

Yes but it can be a very tricky situation. You will need to sit down with one of our attorneys to identify which portion of the debt can be included and which cannot.