By Jeff Field | Published June 30, 2021 | Posted in Bankruptcy, Chapter 13 | Tagged Tags: chapter 13, debt, repayment plan, unsecured debt | Leave a comment
How Are Chapter 13 Plans Structured and How Are Payments Calculated?
If you’re experiencing burdensome debt but are skittish about declaring bankruptcy, Chapter 13 is an alternative that may be right for you. Unlike a Chapter 7 bankruptcy — in which many of your debts may be discharged but at the cost of losing much of your property — Chapter 13 allows you to pay off Read More
Read MoreHow Chapter 13 Can Save Your Home from Mortgage Foreclosure
Foreclosure of your family home can be devastating. If you’re struggling to keep up with mortgage payments or the lender sent you a foreclosure notice, you may be able to save your home by filing a petition for Chapter 13 bankruptcy. Critically, once a Chapter 13 petition has been filed, an automatic stay goes into Read More
Read MoreUsing Chapter 13 to Deal With Overdue Taxes
Can IRS debt be discharged in chapter 13? The general rule in bankruptcy is that tax debts are not dischargeable. While a Chapter 13 repayment plan can stagger repayment of taxes over a three- to five-year period, it cannot wipe out all tax debts. However, there are exceptions. The test for dischargeability is whether a Read More
Read MoreHow Much Must Creditors Be Repaid in a Chapter 13 Plan in Georgia?
Chapter 13, also known as a “wage earner’s plan,” is a popular alternative to traditional bankruptcy for people who simply need breathing room to deal with crushing debt. Chapter 13 bankruptcy allows debtors to keep their possessions and pay back creditors a percentage of their arrearages over a period of three to five years. What’s Read More
Read MoreWhat Happens When Only One Spouse Files for Bankruptcy in Georgia?
The experienced Georgia bankruptcy lawyers at Jeff Field & Associates help married couples understand the possible positive and negative outcomes of filing for Chapter 13 or Chapter 7 bankruptcy.
Read MoreDoes a Prior Chapter 7 or Chapter 13 Bankruptcy Block a Second Filing?
Georgia sees more bankruptcy filings than almost any other state, significantly exceeding the national average. This has been attributed to a combination of factors, among them state laws that protect creditors and leave consumers vulnerable and other laws that make it easy for people to seek debt relief in court. In such an economic environment, Read More
Read MoreUsing Chapter 13 Bankruptcy as a Remedy for Mortgage Foreclosure
If you are in danger of losing your home to foreclosure, filing for Chapter 13 bankruptcy may be a smart, strategic move. It puts an automatic stay in place to prevent creditors from trying to collect owed payments. This stay also temporarily pauses the foreclosure process or prevents it from being initiated. As long as Read More
Read MoreCan I Afford a Lawyer to File for a Georgia Bankruptcy?
Needless to say, if someone is considering filing for a Georgia bankruptcy, money is tight. One of the most common questions that come up when prospective clients discuss bankruptcy options is their concern that they cannot afford a lawyer. There are a few things to understand about the lawyer’s fee for a bankruptcy case. Read More
Read MoreEnding Georgia Wage Garnishments by Filing for Bankruptcy
After a creditor has obtained a judgment, the creditor may seek an order allowing garnishment of the debtor’s wages. If approved, this remedy generally allows a creditor to take up to 25 percent of the debtor’s disposable weekly earnings, which consist of gross pay after taxes, social security, state unemployment insurance, and employee retirement contributions. Read More
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Thank you Field and Associates for the ease and the professional advice and filing of my bankruptcy. I will recommend you to all family and friends that find them selves in the same position I was in.
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