Savannah Georgia chapter 13 lawyer

Savannah Georgia chapter 13 lawyer

Chapter 13 bankruptcy in Georgia is mainly referred as plan of daily wage earner. It is specifically designed to enable financially distressed people or debtors with standard income to propose and follow a repayment plan. This plan would be used to pay the creditors for an extended time period which is generally from 3 to 5 years. The debtors can own their assets and property as long as they make payments according to the new repayment plan. Te eligibility of chapter 13 bankruptcy is dependent on the fact the secured and unsecured debts of an individual are between certain amounts which are adjusted annually by law. Chapter 13 bankruptcy can only be filed by an individual and not by corporations or enterprise.

Therefore chapter 13 bankruptcy basically means creating a new plan that works out for the creditor and the debtor. This is however not that easy as it sounds. You will have to personally negotiation with the creditor for a change in the repayment plan which is not quite simple. This where a Savannah Georgia chapter 13 lawyer comes into play who can represent you before the creditor and also at the lawsuit to assist you during the entire process of chapter 13 bankruptcy.

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Savannah Georgia bankruptcy lawyer | Bankruptcy attorneys in Savannah GA and Richmond Hill - Filing for Chapter 13 Bankruptcy and Chapter 7 Bankruptcy in Savannah GA

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