Chapter 13 Bankruptcy
Consolidate your debts and protect your property
End the harassing phone calls.
Prevent your home from going into foreclosure.
Protect your car from being repossessed.
Stop wage garnishments and levies.
Prevent lawsuits.
Possible elimination of debt.
Helping clients throughout Georgia find relief from debt
Chapter 13 is a consolidation and repayment form of bankruptcy for individuals with regular income. It provides protection from your creditors while allowing you to keep property and repay creditors in a manageable way. Based on the amount of your debts, income and living expenses, an attorney will help you establish a three- to five-year repayment plan. The plan payment amount is a set payment which is paid to a Chapter 13 Trustee who distributes your money to your creditors. Chapter 13 bankruptcy is a good choice for individuals who have regular income, wish to retain property and repay their creditors in an affordable way.
Chapter 13 bankruptcy overview
- Contact Jeff Field & Associates to schedule a free initial consultation.
- Prepare you paperwork before coming in for your consultation. Visit our Getting Started page and fill out all appropriate forms before coming in for your consultation.
- Initial Consultation. An attorney meets with you to review your paperwork and determines which form of bankruptcy is right for you.
- Complete credit counseling courses. Prior top filing your Chapter 7 case you must complete a credit counseling session and after your case is filed you must complete a financial management course. Both sessions are available online or by phone. Our firm relies on National Financial Literacy Foundation for the first and Financial Education Services for the second.
- Meeting of Creditors. Approximately one month after your case is filed, you and one of our attorneys will attend a hearing called the Meeting of Creditors. At this hearing the Chapter 13 Trustee will briefly review your case.
- Confirmation Hearing. The Bankruptcy Judge approves your repayment plan. Generally, you are not required to attend this hearing.
- Discharge. Upon completion of your repayment plan you will receive an Order of Discharge from the Bankruptcy Court.
Advantages of Chapter 13 bankruptcy
Filing for Chapter 13 bankruptcy presents clients with unique advantages that other forms of debt relief cannot offer.
- No interest on credit card and finance company debts
- No interest or penalties on tax debts
- Cures mortgage default
- Eliminates second mortgage lien an debt
- Reduces interest rate on secured loans
- Reduces the amount of secured loans to the value of collateral
- Repay child support arrears
Jeff Field & Associates provides clients with an additional advantage - Our attorneys and support staff have the necessary experience to make filing for bankruptcy easy.
We're there for you every step of the way!
Frequently asked questions
How long does a Chapter 13 bankruptcy remain on my credit report?
A Chapter 13 bankruptcy will remain on your credit report for seven to ten years depending on the credit agency.
How long does a Chapter 13 last?
Chapter 13 repayment plans usually take 3-5 years to complete.
Take control of your finances and reclaim your life
Call Jeff Field & Associates at 404.381.1278 or contact the firm online to schedule an initial consultation. From offices conveniently located in Scottdale, Athens, Douglasville, Lawrenceville, Marietta and Gainesville, Jeff Field & Associates is able to serve clients throughout the Atlanta metropolitan area, including Decatur, Buford, Loganville and Dallas.
