The idea of having to file bankruptcy is not as stressful as it was in the days when society considered it a taboo, and people who filed were frowned upon. If a person has to file bankruptcy, there are generally two types which can be utilized: chapter 7 and chapter 13. A chapter 13 bankruptcy lawyer in Gainesville, Georgia provides services to those who have gotten themselves in financial trouble and need a way out. Here is information that those who find themselves in the position of having to file the bankruptcy may want to know.
Information About Chapter 13 Bankruptcy
Chapter 13 bankruptcy occurs when a person finds themselves in a position of having to reorganize the debt situation, and can’t or don’t want to go the route of a chapter 7 bankruptcy. There are advantages to taking the route of a chapter 13 bankruptcy, such as being able to keep the home and car, provided payments are brought current. This type of bankruptcy allows the debtor to reduce unsecured debts and other debts related to credit cards. There is also the opportunity to get back assets that were repossessed.
More Information About Chapter 13 Bankruptcy
Upon getting approved for a chapter 13 bankruptcy, a plan will be put in place by the court for the repayment of debts over a period of about three years. The courts can also make it possible for the fees of the attorneys be spread over a period of time to avoid having to pay everything upfront. Other situations will disappear also, such as wage garnishments, harassing phone calls and threatening letters of collection. There is more that can be done by talking to an attorney.
An Attorney Who Can Help with Bankruptcy
The Law Offices of Chris Carouthers have been providing legal solutions for clients in the Gainesville, Georgia area for many years. In addition to helping clients with chapter 7 and chapter 13 bankruptcy, these lawyers also provide help for personal injury cases. If a person is in need of a chapter 13 bankruptcy lawyer in Gainesville, Georgia, they can seek advice from the law offices.
