Loganville Lawyers Answer Frequently Asked Questions about Chapter 13 Bankruptcy
At Jeff Field & Associates, LLC , part of what we do is help clients understand what their options are. If you’re considering bankruptcy, we help you determine which chapter is best suited to your needs. Below are common questions about Chapter 13 bankruptcy:
- Why would I choose Chapter 13 over Chapter 7?
- How long does Chapter 13 take?
- What are the disadvantages of filing for Chapter 13?
- Can a business file for Chapter 13?
Why would I choose Chapter 13 over Chapter 7?
Chapter 7 may not be an option because you earn too much income. It may not be the best option because you have debt that cannot be eliminated, or you would lose property.
How long does Chapter 13 take?
Typically, a Chapter 13 bankruptcy, also referred to as repayment bankruptcy, lasts three to five years.
What are the disadvantages of filing for Chapter 13?
One of the major disadvantages to filing for Chapter 13 is that you are under the supervision of the court for between 36 and 60 months. This means that you will not receive your discharge until your repayment plan is completed. In addition, if you fail to meet the requirements of your plan, your Chapter 13 case may be dismissed. For more information on the different types of bankruptcy, speak to a skilled lawyer at Jeff Field & Associates, LLC today about your bankruptcy case in Gainesville, Decatur, Lawrenceville or the surrounding areas.
Can a business file for Chapter 13?
No. However, if you are a sole proprietor you can file personal bankruptcy.
Bankruptcy attorneys in Loganville help you get a fresh start
When debt threatens to destroy your life, you need the trustworthy legal counsel of Jeff Field & Associates, LLC . We have provided Georgia residents with competent legal advice since 1993. To schedule an appointment, call 404-381-1278 or contact us online. Jeff Field & Associates, LLC represents clients in Rome, Atlanta, Gainesville, Newnan, Macon and Bogart. Please visit our blog site to view posts by our attorneys for additional information about bankruptcy and a variety of other topics we hope you will find interesting and helpful.
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5.0/5.0Great process. Detailed communication provided resources for rebuilding. Would recommend!
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5.0/5.0
I had an excellent experience working with my bankruptcy attorney. From the very beginning, they were professional, knowledgeable, and compassionate. Filing bankruptcy can be overwhelming, but they took the time to explain every step of the process, ...
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5.0/5.0
I had a great experience using Jeff Field and Associates for filing my Bankruptcy. Everyone was very professional and helpful. Connie Adams was so knowledgeable and patient with all of my questions I’m so glad that I chose this law firm and would r...
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5.0/5.0
Great experience from start to finish. The process was smooth and stress-free, and Ms. Connie was amazing throughout—very helpful, professional, and supportive. I truly appreciate all the guidance and would highly recommend this firm.
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5.0/5.0
Great experience from start to finish. The process was smooth and stress-free, and Ms. Connie was amazing throughout—very helpful, professional, and supportive. I truly appreciate all the guidance and would highly recommend this firm.
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