Atlanta Chapter 13 Bankruptcy Attorney
Filing for Chapter 13 Can Help Set You Free from Debt
bankruptcy can help you get free from overwhelming debt. It is a safe, legal, and
effective way to get control over your finances and to begin to rebuild
your credit score. Chapter 13 is one of the most common ways that individuals
take to reorder their debts and start fresh. Because the process can be
complex and difficult to navigate, our team at Khoshnood Law Firm, P.C.
can help you move forward in a way that completely furthers your best
Call (404) 978-4411 today to get our team of Atlanta bankruptcy lawyers
on your side.
How Does Chapter 13 Work?
Chapter 13 is a restructuring of outstanding debts into an affordable payment
plan. The first part of the process would be to take the "means test,"
which will assess your level of disposable income. If it found to be high
enough, you will be eligible for Chapter 13. If it is not, you may consider
Chapter 7 as an option. When moving forward with Chapter 13, all debts such as credit
card bills, medical bills, legal bills, unsecured business debts, personal
loans, and more will be combined into an affordable payment plan. This
sum is then paid off over the next 3-5 years until all outstanding debts
are settled. Not all types of debt are able to be settled by Chapter 13,
such as child support payments and student loans.
What are the benefits of filing for Chapter 13 bankruptcy?
- An automatic stay will stop foreclosure on your home.
- You can mostly likely keep all of your assets, including your car.
- You will stop getting pestering calls from creditors.
- You can begin to rebuild your credit score.
- Creditors will be unable to take legal action against you for a time.
Get Support from Our Legal Team
Though this process may be daunting, you don't have to go through it
alone. Our firm is here to guide you through, step-by-step, until you
attain freedom from debt. We offer free consultations with an Atlanta
Chapter 13 attorney to get you started.
today to schedule your
free evaluation with our team at Khoshnood Law Firm, P.C.