Filing for Chapter 13 Bankruptcy Is Not Failure–It’s a Fresh Start
No matter where you live in Northwest Georgia, filing for bankruptcy can provide much-needed relief. But too many hardworking people see bankruptcy as a sign of failure instead of the valuable legal tool it is.
The Craig Black Law Firm helps clients in Atlanta, Conyers, and surrounding cities escape from overwhelming debt. We'll work with you to help you take back your finances. Give me a call at 678-888-1778 or complete my confidential contact form, and I'll be in touch.
How Chapter 13 Can Help
When you hear the word “bankruptcy, chances are you think of Chapter 7, which wipes out all eligible debts in exchange for seizing some assets. But another form of bankruptcy, Chapter 13, is accessible to a wider range of consumers.
With Chapter 13, you're set up on a repayment plan that has you putting money toward paying off the bulk of your debt each month. Also called the “wage earner's plan,” Chapter 13 can be a way to keep your assets while also working toward an eventual debt discharge.
Why Chapter 13 May Be the Best Option for You
Chapter 13 bankruptcy offers unique benefits for working-class families in Fulton County, Cobb County, and the rest of the Atlanta metropolitan area. You'll keep the belongings you've worked so hard for while creating a realistic plan to reduce what you owe.
Here are a few ways Chapter 13 can work in your favor:
- Catch up on mortgage or rent payments: If you're facing foreclosure in Marietta or behind on rent in Sandy Springs, Chapter 13 can help. Your repayment plan will let you stay in your home while you catch up on any payments you've missed.
- Protect your car from repossession: If you're like many Georgians, your car is your livelihood. Chapter 13 comes with an automatic stay that stops impending repossessions so that you can get caught up on your payments.
- Put a pause on fees and interest: The fees and interest that come with debt can make it even tougher to catch up. Chapter 13 puts a pause on that, letting you focus on paying down what you already owe without new costs adding up.
- Handle past-due bills: Of course, the best thing about Chapter 13 is that it lets you make manageable payments toward your debts. At the end of the repayment period, which is typically three to five years, you get an automatic discharge of any remaining debt on the plan.
- It's Time for a Fresh Start
You don't have to deal with this alone. The Craig Black Law Firm helps hard-working Georgians throughout the Atlanta area who've fallen on hard times. We know that bankruptcy isn't a decision to make lightly, and we work with you to review all your options.
If you're considering bankruptcy in Northwest Georgia, we can help. When you call our offices, you speak directly to me, a licensed attorney, not an answering service or administrative staff. Contact me today at 678-888-1778 or complete this contact form.