Atlanta Bankruptcy Associates Defines Proprietary Details on Chapter 13 Bankruptcy
Atlanta Bankruptcy Associates is a leading bankruptcy firm. A recent update outlined the essential details about Chapter 13 bankruptcy.
Cumming, Georgia – In a recent blog post, Atlanta Bankruptcy Associates posted full details about Chapter 13 Cumming Bankruptcy.
Chapter 13 bankruptcy is sometimes referred to as a “salary plan” or “reorganization bankruptcy”. This type of bankruptcy is designed for individual debtors who have a regular source of income. A Chapter 13 bankruptcy allows the debtor to repay all or part of his debts over a period of three to five years. Yet, unlike a Chapter 7 bankruptcy, it does not require the debtor to give up any assets or property to pay off unsecured debts.
Chapter 13 Cumming Bankruptcy is accessible to all people (including married couples) with a regular source of income. Such income may come from employment or self-employment, paid commission work, fixed income, pensions and other sources, provided the individual can show the court that ‘he can stick to a repayment plan.
But some limits come with filing for Chapter 13 bankruptcy. For example, if someone has filed for bankruptcy for various reasons in the past 180 days, they may not be eligible to file for Chapter bankruptcy. 13. Also assume that a person has received a Chapter 7, 11 or 12 bankruptcy discharge in the previous four years or a Chapter 13 bankruptcy discharge in the previous two years. In this case, they will not be eligible to receive Chapter 13 debt relief.
About Atlanta Bankruptcy Associates
Atlanta Bankruptcy Associates is a local office where a client will deal directly with an attorney who understands the rules and process of personal bankruptcy. After meeting with one of the attorneys, rest assured that the client will find the process much less overwhelming than expected.
Company Name: Atlanta Bankruptcy Associates
Contact person: Samantha Room
E-mail: Send an email
Call: (678) 582-2985
Address:347 rue Dahlonega Suite 200
State: GA 30040
The country: United States