Chapter 13 Bankruptcy Questions and Answers
- What is Chapter 13 Bankruptcy?
- Should I file Chapter 13?
- Who can file Chapter 13?
- How are taxes treated in Chapter 13?
- Can property foreclosure be stopped?
- How does Chapter 13 affect co-signers?
- Must all debts be paid in full?
- Do both spouses have to file?
- Do I lose my property if I file Chapter 13?
- How long does a Chapter 13 case last?
- How much does it cost to file a Chapter 13 case?
What is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is a debt consolidation and repayment plan. Most of your debts are consolidated into a single payment made at regular intervals determined by the court. You are protected from creditors by the courts until your debts are paid and you are back on track for financial success.
Should I file Chapter 13?
Most clients who choose to file Chapter 13 have a regular source of income and have money left over each month after subtracting their basic living expenses. When you schedule your FREE consultation, Mr. Rhymer will discuss with you your options, based on your individual situation. In most cases your monthly payment to creditors can be reduced while you keep all of your property.
Who can file Chapter 13?
Chapter 13 is designed for those clients with a regular income. Your living expenses are subtracted from your income, and you pay the difference, your excess income, to the Chapter 13 trustee to distribute among your creditors.
How are taxes treated in Chapter 13?
In Chapter 13, you pay back taxes, most of the time without interest, in your payment plan. In some circumstances you pay only a portion of the taxes owed.
Can property foreclosure be stopped?
Chapter 13 debt consolidation stops foreclosure and back payments are paid in the payment plan and future regular payments are paid either directly to the mortgage company or in some cases paid through your Chapter 13 plan.
How does Chapter 13 affect co-signers?
All co-signers on consumer debts can be protected from creditors while the debts are being paid under a Chapter 13 plan by the person filing the case.
Must all debts be paid in full?
No. In certain cases, depending on your monthly income, expenses, and types of debts, you may pay back as little as zero cents on the dollar on most unsecured debts.
Do both spouses have to file?
Both spouses may file, but it is not a requirement that both file.
Do I lose my property if I file Chapter 13?
No. You can keep all of your property or you can surrender some of your property and keep other property, depending on the provisions of your Chapter 13 plan.
How long does a Chapter 13 case last?
A Chapter 13 case generally lasts from 3-5 years. A Chapter 13 case may not last longer than 5 years, but may be completed sooner than 3 years.
How much does it cost to file a Chapter 13 case?
The cost to start a Chapter 13 case varies depending on your individual situation. Chapter 13 protection can be started for as low as just the clerk’s filing fee. The current clerk’s filing fee for a Chapter 13 is $310.00. Most cases can be started for $310.00 in money order or cash. Many times if you cannot afford to pay the whole filing fee of $310.00 upfront you can pay $80.00 and pay the balance in payments. Most if not all of the attorney fees can be paid monthly through the case plan.
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Conyers, Georgia 30094
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Loganville, Ga 30052
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Rhymer Law Firm has 4 offices in Georgia. William Rhymer is an attorney that limits his law practice to representing individuals and couples in filing consumer Chapter 13 bankruptcy cases and Chapter 7 bankruptcy cases. He and Rhymer Law Firm have been designated as debt relief agents by the federal bankruptcy law. William Rhymer has been Board Certified in Consumer Bankruptcy Law by the American Board of Certification. The Rhymer Law Firm’s main office is in Conyers, Georgia. We have a satellite bankruptcy office in Lawrenceville, Georgia. We also have a satellite bankruptcy office in Athens, Georgia and in Loganville, Georgia. Through these four bankruptcy offices we Bankruptcy Lawyer counties and you can also google search for us by entering: Athens Bankruptcy Lawyer, Atlanta Bankruptcy Lawyer, Acworth Bankruptcy Lawyer, Arcade Bankruptcy Lawyer , Auburn Bankruptcy Lawyer, Austell Bankruptcy Lawyer , Avondale Estates Bankruptcy Lawyer, Baldwin Bankruptcy Lawyer, Berkeley Lake Bankruptcy Lawyer, Bethlehem Bankruptcy Lawyer, Bishop Bankruptcy Lawyer, Blackshear Bankruptcy Lawyer , Bogart Bankruptcy Lawyer, Bostwick Bankruptcy Lawyer, Bowman Bankruptcy Lawyer, Braselton Bankruptcy Lawyer, Brooks Bankruptcy Lawyer, Buckhead Bankruptcy Lawyer, Canon Bankruptcy Lawyer, Carl Bankruptcy Lawyer, Carlton Bankruptcy Lawyer, Carnesville Bankruptcy Lawyer, Centerville Bankruptcy Lawyer , Chamblee Bankruptcy Lawyer, Clarkston Bankruptcy Lawyer, Clermont Bankruptcy Lawyer , Colbert Bankruptcy Lawyer , College Park Bankruptcy Lawyer, Comer Bankruptcy Lawyer, Commerce Bankruptcy Lawyer, Covington Bankruptcy Lawyer , Crawford Bankruptcy Lawyer, Dallas Bankruptcy Lawyer, Danielsville Bankruptcy Lawyer , Decatur Bankruptcy Lawyer , Doraville Bankruptcy Lawyer, Douglasville Bankruptcy Attorney , Duluth Bankruptcy Lawyer, Dunwoody, East Poin Bankruptcy Lawyer, Elberton Bankruptcy Lawyer, Fayetteville Bankruptcy Lawyer, Flovilla Bankruptcy Attorney, Flowery Branch Bankruptcy Attorney, Forest Park Bankruptcy Attorney, Franklin Springs Bankruptcy Lawyer, Gainesville Bankruptcy Lawyer, Glenwood Bankruptcy Attorney, Good Hope, Gray, Grayson, Greensboro, Griffin, Hampton, Hapeville, Hartwell, High Shoals, Homer, Hoschton, Hull, Ila, Jackson, Jefferson, Jenkinsburg, Johns Creek, Jonesboro, Lake City, Lavonia, Lawrenceville, Lexington, Lilburn, Lithonia, Locust Grove, Loganville, Lovejoy, Lula, Macon, Madison, Mansfield, Marietta, Martin, Maxeys, Maysville, McDonough, Midway, Milledgeville, Monroe, Monticello, Morrow, Mount Vernon, Mount Zion, Newborn, Newnan, Nicholson, Oakwood, Orchard Hill, Oxford, Palmetto, Peachtree City, Pendergrass, Pine Lake, Porderdale, Powder Springs, Riverdale, Roswell, Royston, Rutledge, Shady Dale, Siloam, Smyrna, Snellville, Social Circle, Statham, Stockbridge, Stone Mountain, Sugar Hill, Sunny Side, Suwanee, Talmo, Toccoa, Tucker, Union City, Union Point, Walnut Grove, Washington, Watkinsville Ban kruptcy lawyer, watkinsville Bankruptcy Attorney, White Plains, Winder Bankruptcy Lawyer, Winder Banckruptcy Attorney, Winterville, Woodville, Woodstock, and the following counties: Banks, Barrow, Bartow, Bibb, Butts, Carroll, Catoosa, Chattooga, Cherokee, Clarke, Clayton, Cobb, Coweta, Dade, Dawson, Dekalb, Douglas, Elbert, Fannin, Fayette, Floyd, Forsyth, Franklin, Fulton, Gilmer, Gordon, Greene, Gwinnett, Habersham, Hall, Haralson, Hart, Heard, Henry, Jackson, Jasper, Jones, Lumpkin, Madison, Meriweather, Morgan, Murray, Newton, Oconee, Oglethorpe, Paulding, Pickens, Pike, Polk, Putnam, Raburn, Rockdale, Spalding, Stephens, Towns, Troup, Union, Walker, Walton, White, and Whitfield.