Cumming Debt Reorganization Attorney | Personal Bankruptcy
Chapter 13 bankruptcy is also known as "wage earners bankruptcy" because most people who file for it earn incomes.
Unlike filers for Chapter 7 bankruptcy, these wage earners are not as interested in getting immediate debt forgiveness in exchange for liquidating assets, as they are about finding ways to satisfy their creditors. Through a Chapter 13 bankruptcy process, they can do this while keeping their homes out of foreclosure, avoiding wage garnishments, or averting other creditor actions against their money and property.
We Understand Georgia Bankruptcy | David Wallace & Associates, P.C.
At David Wallace and Associates, P.C., we understand that our bankruptcy clients in northeast Atlanta and northeast Georgia need to regain financial independence and dignity in the face of seemingly insurmountable debts.
Our founding attorney, David Wallace, assists clients by discussing their circumstances, reviewing their options and suggesting debt management strategies, including Chapter 13 bankruptcy protection.
For more information about how our law firm can help you, call us in Dawsonville, Georgia, today at 423-709-8724 or 866-582-5850 toll free.
Advantages of Chapter 13 | Dahlonega Chapter 13 Bankruptcy Attorney
One advantage of Chapter 13 bankruptcy over other debt relief options is that it is easy to qualify for it. The bar is lower than Chapter 7 because debts are not forgiven, but rather, restructured on a three- to five-year debt repayment plan.
Another benefit is that Chapter 13 filers are not limited to keeping exempt assets. They can potentially keep any asset they can work into their repayment plan.
Chapter 13 bankruptcy may be a good option if you:
- Are in danger of home foreclosure due to unemployment, multiple mortgages or other debts
- Are unable to make your current debt payments, but could repay your debts over time if the terms were adjusted
- Own property that is not considered "exempt" but is important for you to keep from being liquidated
Free Consultation | Northeast Atlanta Chapter 13 Bankruptcy Attorney | 706-410-1439
At David Wallace and Associates, P.C., we offer free initial consultations to our clients. To discuss your circumstances with an experienced Georgia bankruptcy lawyer, call us today at 706-410-1439 or 877-269-5688 toll free. You may also contact us online.
Let us lift your legal burden so you can get on with your life.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
