Atlanta Chapter 13 Bankruptcy: Atlanta Bankruptcy Law News

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Chapter 13 Bankruptcy in Atlanta

A Chapter 13 Bankruptcy is the second kind of bankruptcy available to individuals. If a Chapter 7 is a “liquidation” bankruptcy, this is a “reorganization” bankruptcy. In a Chapter 13 bankruptcy you won’t have to hand your property over for sale. Instead, you will be asked to make a structured repayment plan that shows how you will pay off your debts over time, usually three to five years.

Even though a Chapter 13 Bankruptcy isn’t as thorough as a Chapter 7, it can be extremely complicated, because it breaks one’s obligations down into different kinds of debt. It is, therefore, best to talk to an Atlanta Bankruptcy attorney through the entire process.

Recently in Chapter 13 Bankruptcy Category

How Long Will My Bankruptcy Take?

One of the most common questions people facing bankruptcy have is how long their bankruptcy will take.

The answer to that question will depend on the circumstances of your particular case as well as what type of bankruptcy you are filing: namely, Chapter 7 versus Chapter 13.

Chapter 13 bankruptcy cases take longer to resolve than Chapter 7 cases and involve different steps along the way.

Can I Keep My Credit Card After Filing Bankruptcy?

In most cases, banks cancel a debtor's credit cards when they receive notice of his or her bankruptcy.

But as always, the general rule has exceptions.

Whether or not you can keep your credit card after filing bankruptcy will largely depend on your bank and under what bankruptcy chapter you are filing.

5 Ways to Modify Your Chapter 13 Bankruptcy Plan

In a Chapter 13 bankruptcy, you don't fork over any property. Instead, you make a structured repayment plan. But can you modify this plan?

Ideally, you'll pay off your debts in three to five years, and be on your way. But certain situations can crop up that throw a wrench into your repayment plan. Fortunately, there are ways to accommodate such circumstances.

Here are five potential ways to modify your Chapter 13 bankruptcy plan:

5 Facts You May Not Know About Bankruptcy

Many people don't fully understand what the word bankruptcy really means. When they think of someone who is bankrupt, they imagine someone in a poor house with nothing but the clothes on their back.

But did you know that in many cases, bankrupt individuals go on to live the same lives they were already living?

Do you really know what bankruptcy is all about?

3 Things to Do Before You File for Bankruptcy

If you're thinking about filing for bankruptcy, you might not know where to start. The process seems scary at first and at the end of the day, it's a legal proceeding.

That means that there will be many things to think about and many things to learn before you take the plunge.

If you're contemplating filing for bankruptcy, here are three steps you should take immediately:

5 Things to Know About Chapter 13 Bankruptcy

If you're contemplating bankruptcy but don't meet the income cutoff for a Chapter 7 filing, a Chapter 13 bankruptcy might be your best option.

It's actually a very good option for many people in debt. Chapter 13 a reorganizational bankruptcy that allows you to hold on to your assets while presenting a payment plan to pay off your debts.

For many people, it's a win-win situation. You keep what you own, you emerge debt-free, and you pay pennies on the dollar for each debt.

Bankruptcy 101: Difference Between Chapter 7 and Chapter 13

Bankruptcy sounds like a complicated concept. If you're thinking of filing for bankruptcy, the whole legal complexity of it might be enough to turn you away from the idea.

In reality, however, bankruptcy isn't as complicated as it seems.

Here are the general differences between a Chapter 7 and a Chapter 13 bankruptcy:

The 5 Best Ways to Recover From Bankruptcy

Bankruptcy sounds very scary, but actually it's not the worst thing ever.

In fact, many people who declare bankruptcy are happy they did so, as it gives them a fresh slate and a chance to move on.

But how does one move on after a bankruptcy? A bankruptcy still isn't as easy as one would imagine.

Here are the five best ways to move on after declaring bankruptcy:

With the economy still on the mend, many Americans turned to bankruptcy this year for a fresh start. Celebrities and the wealthy were no exception. Everyone from NFL athletes to the Octomom hit hard times this year and looked to bankruptcy for help.

So without further ado, here are our Top 5 individual bankruptcy cases of 2012:

Earlier in the week, we reported that gymnast Gabby Douglas's mom, Natalie Hawkins, filed for bankruptcy prior to the London Olympics. However, Douglas isn't the only medalist whose parents are facing financial woes.

Swimmer Ryan Lochte's parents, Steven and Ileana Lochte, are behind on their mortgage payments and facing foreclosure. It's probably not a coincidence that two of the biggest stars at the London Olympics also happen to have parents with serious money problems, U.S. News reports. But what's behind phenomenon?