Macon Bankruptcy – Chapter 13 Repayment Plans

Macon Bankruptcy – Chapter 13 Repayment Plans

Most debtors generally finish their Chapter 13 repayment plan and are able to get a discharge. If for some reason the debtor is unable to finish a Chapter 13 repayment plan the bankruptcy trustee may modify the plan. The trustee may:
1. give a grace period, if the problem looks temporary
2. reduce the total monthly payments, or
3. extend the repayment period.

The bankruptcy court can also give a hardship discharge. If the bankruptcy court does not let allow the debtor to modify the plan or give the debtor a hardship discharge, the debtor has other options. The debtor can convert to a Chapter 7 bankruptcy, unless the debtor received a Chapter 7 bankruptcy discharge within the last eight years or a Chapter 13 bankruptcy discharge within the last six years. The debtor can also ask the bankruptcy court to dismiss the Chapter 13 bankruptcy case. The debtor would still owe the debts. However, any payments the debtor made during the plan would be deducted from those debts. However the creditors can add on interest they did not charge while the Chapter 13 case was pending.

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

Chapter 13 Rules: Bankruptcy Law Firm in Macon Georgia

Chapter 13 Rules: Bankruptcy Law Firm in Macon Georgia

The Chapter 13 debtor is entitled to a discharge upon successful completion of all payments under the Chapter 13 plan. In return for the willingness of the Chapter 13 debtor to undergo the discipline of a repayment plan for three to five years, a broader discharge is available under Chapter 13 than in a Chapter 7 case.
As a general rule, the debtor is discharged from all debts provided for by the plan or debts that are disallowed, except for the following:
1. Certain long-term obligations such as a home mortgage;
2. Debts for alimony or child support;
3. Debts for most government-funded or guaranteed educational loans or benefit overpayments;
4. Debts arising from death or personal injury caused by driving while intoxicated or under the influence of drugs, which also refers to debts for restitution or a criminal fine included in a sentence on the debtor's conviction of a crime.

To the extent that these types of debts are not fully paid under the Chapter 13 plan, the debtor will still be responsible for them after the bankruptcy case has concluded.

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