Madison County, Georgia Chapter 13 Bankruptcy attorney

A Chapter 13 Bankruptcy has many additional benefits over the Chapter 7 Bankruptcy. Unlike Chapter 7 Bankruptcy, in the Chapter 13 Bankruptcy, an individual can at least save his home from foreclosure. All proceedings will come to halt when he files for Chapter 13 Bankruptcy. He will have a period of 3-5 years to pay off his debts. The Chapter 13 Bankruptcy permits an individual to reallocate secured debts. It can over a time period, lower the payments which he must make. Finally the debtor will not have any connection or contact with the creditors while he or she has filed Chapter 13 Bankruptcy.
A Madison County, Georgia Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Any person, either self employed or working in an organization can file a chapter 13 bankruptcy in Madison County, Georgia and seek protection under it. The only condition is that the unsecured debts must be less than $336,900 and secured part of the debts less than $ 1,010,650. No corporation may seek help or file chapter 13. An individual cannot file for chapter 13 when his bankruptcy petition was dismissed 180 days prior to the filing.

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