Warner Robins Chapter 13 Bankruptcy Attorney
Chapter 13 bankruptcy is a debt restructuring bankruptcy. You pay back a portion of your debts through a three-to-five-year debt repayment plan. With a Chapter 13 bankruptcy, you may be able to:
- Stop a home foreclosure
- Stop an auto repossession
- Stop a wage garnishment
- Gain additional time to repay your debts
- Discharge a portion of your debts
- Get a fresh start
To speak with a lawyer about Chapter 13 bankruptcy, contact the Knowles Law Firm in Macon, Georgia.
Experienced Bankruptcy Attorney
Attorney A.G. Knowles has been representing clients in bankruptcy cases for more than 20 years. He can provide the experienced representation you require. At your free consultation, attorney Knowles will help you determine if bankruptcy is right for you. He will also help you determine which type of bankruptcy is right for you.
How Does Chapter 13 Work?
If retained as your bankruptcy attorney, A.G. Knowles will review your financial information and prepare a debt repayment plan. He will file the plan with a U.S. Bankruptcy Court.
If the court approves your plan, your creditors must abide by the terms of the order. You will make monthly payments towards your plan. The court will only order you to pay the amount it believes you are able to pay. In addition to gaining additional time to repay your debts, a portion of your debts may be discharged. In some cases, the amount discharged can be very significant.
Can Bankruptcy Stop a Home Foreclosure?
Yes. Chapter 13 has been used by many homeowners to stop a foreclosure. If you are behind on your home mortgage payment, you can pay your mortgage arrears gradually over the duration of your three-to-five-year debt repayment plan.
Even if your mortgage lender has started to initiate foreclosure proceedings, we may be able to help you stop a home foreclosure. Contact us immediately if you are at risk of losing your home.
What Is the Automatic Stay?
When you file for Chapter 13 or Chapter 7 bankruptcy, an automatic stay order is issued which temporarily halts most creditors from further collection activity. The automatic stay can put a halt to a home foreclosure, auto repossession and other adverse collection efforts.
Contact a Macon Chapter 13 Bankruptcy Attorney
Learn more about bankruptcy. Schedule your free consultation today by calling 478-238-0760 or contact us by e-mail.
