Bankruptcy Repayment Plan Macon GA

If you have a regular job with regular income, the bankruptcy court may order that your monthly payments be automatically deducted from your wages and sent directly to the bankruptcy court. Experience has shown that this practice increases the likelihood that payments will be made on time and that the plan will be completed.

In either case, failure to make the payments in accordance with the confirmed plan may result in dismissal of the case or its conversion to a liquidation case under Chapter 7 of the Bankruptcy Code. With certain exceptions, the debtor has the right to dismiss the Chapter 13 case at any time. If you use Chapter 13, the entire repayment plan must be completed in three to five years in order to have your remaining debts discharged unless the court lets you off the hook early, for hardship reasons. If for some reason you are unable to finish a Chapter 13 repayment plan the bankruptcy trustee may modify your plan. The trustee may:

1. give you a grace period, if the problem looks temporary
2. reduce your total monthly payments, or
3. extend the repayment period.

All remaining debts that are eligible for discharge will be wiped out once you complete your repayment plan.

Contact us if you want to file for bankruptcy. Our Macon, GA (Georgia) bankruptcy lawyers regularly help clients in Macon GA (Georgia), as well as Roberta, Warner Robins, Forsyth, Byron-Centerville, Culloden, Fort Valley, Haddock, Jeffersonville, Lizella, Perry, Gray, Irwinton, Milledgeville and Vienna including Bibb County, Monroe County, Jones County, Crawford County, Peach County, Twiggs County, Baldwin County, Dooly County Houston County, Wesleyan College, Macon State College and Mercer University file for bankruptcy.

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Macon Georgia bankruptcy lawyer | Bankruptcy attorneys in Macon GA and Warner Robins - Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Macon GA

http://www.macongabankruptcy.com