770-408-0477 | Chapter 13 Bankruptcy – Georgia Bankruptcy Lawyers & Attorneys – Free Consultations

Call 770-408-0477 to Speak With an Experienced Georgia Bankruptcy Attorney.

Chapter 13 Bankruptcy

A Chapter 13 Personal Bankruptcy, or “Wage Earners Plan”, plans an organized schedule for the debtor to catch back up with his payments while still securing his valued assets. This plan is created to map out how the debtor plans to repay the creditor over a certain amount of time, and this plan is presented before a bankruptcy judge for approval. After the Bankruptcy Court’s approval, a Chapter 13 trustee is elected who is responsible to facilitate the process of gathering the debtor’s payments and allocating it amongst the creditors.

A Chapter 13 can only be filed by those who have an income, a secured debt not exceeding $1,010,650, and an unsecured debt not exceeding $336,900. If the debtor’s income is lower than the region’s median income, then the plan is typically for three years, but if the personal income is higher than the median income than that time span usually encompasses five years. US law forbids any payment plan to exceed five years.

Several advantages allow a Chapter 13 to be preferable to a Chapter 7 of liquidation. First and foremost, debtors can assuredly keep their houses from foreclosure. However, they must still make all mortgage payments in a timely fashion. Secondly, individuals can rearrange secured debts so that they can plan them out over the time span of the Chapter 13 plan, which may even reduce payments. Lastly, debtors can be protected from direct contact with creditors because of the mediator role entrusted to the Chapter 13 trustee, who is able to assist and provide guidance throughout the process.

Georgia Areas We Serve

Coleman Legal Group, LLC handles cases in the following cities and communities: Atlanta, Alpharetta, Roswell, Johns Creek, Milton, Cumming, Marietta, Woodstock, Kennesaw, Gainseville, Midtown, Norcross, Lawrenceville, Kennesaw, Duluth, Buckhead, Dunwoody, Vinings, and Smyrna.

Coleman Legal Group, LLC’s Georgia lawyers practice in the areas of Divorce, Family Law, Estates, Trusts, Wills Probate, Bankruptcy, Immigration and Business Law. We have offices conveniently located at:

Alpharetta Georgia
North Point Park
5755 North Point Parkway
Suite 52
Alpharetta, GA 30022
Phone: 770-408-0477 | Map

Atlanta Georgia
Colony Square
1201 Peachtree Street, 400
Colony Square, Suite 200
Atlanta, GA 30361
Phone: 770-408-0477 | Map

Sandy Springs
1200 Abernathy Road
Building 600
Northpark Town Center
Atlanta, GA 30328
Phone: 770-408-0477 | Map

Cumming Georgia
The Avenue Forsyth
410 Peachtree Parkway
Building 400, Suite 4245
Cumming, GA 30041
Phone: 770-408-0477 | Map

Johns Creek
Duluth Georgia

11555 Medlock Bridge Rd
Suite 100
Johns Creek, GA 30097
Phone: 770-609-1247 | Map

Duluth Georgia

2180 Satellite Boulevard
Suite 400
Duluth, GA 30097
Phone: 770-609-1247 | Map

Kennesaw Georgia
TownPark Center
125 TownPark Drive
Suite 300
Kennesaw, GA 30144
Phone: 770-609-1247 | Map

Atlanta Georgia Office
659 Auburn Avenue Northeast
Suite 117
Atlanta, GA 30312
Phone: 770-609-1247 | Map

Copyright © 2014 | Coleman Legal Group, LLC | All Rights Reserved. Coleman Legal Group, LLC • 5755 North Point Parkway, Suite 52 • Alpharetta, GA 30022 • 770-609-1247 DISCLAIMER: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.

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