Chapter 13

Serving Lawrenceville & Atlanta, GA

Chapter 13 Bankruptcy Lawyer in Lawrenceville, GA

Debt Relief Solutions for Clients Throughout Atlanta

Chapter 13 bankruptcy is a low-interest, possibly interest-free, debt repayment plan that consolidates your debt and allows you to repay it over a three-to-five year period. The advantages of chapter 13 bankruptcy are that you can restructure your debt and keep your property while making payments without the fear of foreclosure or repossession. Accordingly, your creditors are required by federal law to follow the terms of your repayment plan. After you have repaid your debt per your payment plan, your remaining debts will be wiped away. You must have a consistent source of income for your Chapter 13 payment plan to be approved by the court.

At The Ballard Law Group, we have guided countless clients through the Chapter 13 process to success. We understand that many circumstances can put you into insolvency. Often, these circumstances occur beyond your control. To us, the past is unimportant; our focus is on helping you resolve your financial problems now so that you can move forward into a brighter, happier future. If you are in a financial crisis, the time to explore your options and work towards debt relief is sooner, rather than later. Our Lawrenceville Chapter 13 bankruptcy attorney can evaluate your situation, advise you on how to handle it, and ensure that the bankruptcy process is right for you.

Talk to our attorney about your financial case in a free 15-minute consultation. Call The Ballard Law Group office at (404) 800-9939 or contact us online.

Debt Relief Through Chapter 13 Bankruptcy

Chapter 13 bankruptcy provides many benefits for those who successfully complete the process.

These benefits include:

  • Saving Your Home 

Chapter 13 will immediately stop foreclosure proceedings any time before the sale begins. It will give you a financially feasible option to make payments toward your mortgage arrears without the threat of foreclosure and late fees. It’s important to note that you will still be obligated to make all future mortgage payments in full directly to the mortgage lender.

  • Keeping Your Car

When you file for Chapter 13 bankruptcy, your finance company will no longer be able to take your car. Even better, the courts may recalculate and reduce your balance owed to reflect the current market value of the car. This new amount will be included in your three-to-five year payment plan. After filing, you will no longer owe the finance company for your vehicle. Instead, your court-assigned Chapter 13 trustee will distribute payments to your creditors according to your payment plan.

  • Eliminating Second & Third Mortgages

Like many Georgians, you probably owe more on your mortgages than your house is worth. Second and third mortgages may be stripped of their secured status and categorized as unsecured debt. Unsecured debt is given last priority in a Chapter 13 bankruptcy and is paid through your payment plan. In most cases, however, unsecured debt is completely eliminated once your bankruptcy is discharged.

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Contact The Ballard Law Group

End Financial Stress & Threats

You don’t have to live with the stress of bills and legal threats. Let an experienced bankruptcy attorney help you get a fresh start with a customized debt resolution. 

Call The Ballard Law Group at (404) 800-9939 to schedule your free, initial consultation and find out how our firm can help you today. 

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