Legal Representation you can trust

Serving South Georgia for three decades

Chapter 13 Bankruptcy

Just one of our Specialties

With the different types of bankruptcy available, it can get confusing. That’s why you need friends like John Bolden and Kayla Sellers, working on your behalf, and guiding you through the process! Let’s take a look at the Chapter 13 Bankruptcy, and learn a bit more about it!

Filing Chapter 13 puts you in control of your finances by consolidating your debts into one low monthly payment you can afford. It stops repossession, foreclosure, wage garnishment, and harassing phone calls and allows you to keep your property. Many people prefer this type of consolidation and repayment of debts. The bankruptcy gets your terms that you should be able to afford going forward.

How Do I Know if Chapter 13 Bankruptcy is Right For Me?

Here’s what we do. Call our office today, and set up your FREE client strategy session. The purpose of this meeting is to answer all the questions you might have about the bankruptcy process, and which type of bankruptcy would work best for you. Bring a list of all the debt that you owe… anybody you owe money to. We’ll look at your situation together, confidentially, and talk about which type of bankruptcy will work better for you.

What Comes Next In a Chapter 13 Bankruptcy?

Once we’ve agreed to work with each other, our office will provide you with instructions, a bit like a roadmap, telling you what we need to do, and what order we will do it in. There are several steps to go through, and we will help you with each one along the way!

How Much Does A Chapter 13 Bankruptcy Cost?

Most people can file Chapter 13 on the same day with no money down and no payment for 30 days. Your payment is determined by your income, what you own, and who you owe money to. The only cost associated with filing a Chapter 13 bankruptcy is a $310 filing fee to the Court; however, the Court will allow you to pay your filing fee in four installments over four months. If you are not able to pay the filing fee within four months, we can extend it to 6 months for you.

How Do We Determine Your Chapter 13 Payment?

There is a specific formula used to determine what your monthly payments will be for your Chapter 13 bankruptcy. It is based on where your income for the last six months fits in with the median income for the area. Then, they will take a look at all your assets…. Your home, car, boat, etc. Next, they will examine your debts and develop a payment plan for you. The term of your payment plan will be either 36 months or 60 months, depending on your income.