Chapter 13 Bankruptcy: Wage Earner's Reorganization

People typically choose Chapter 13 if they are over the income limit for Chapter 7 or if they wish to save their home from foreclosure. Filing bankruptcy halts all collection actions, including foreclosure, while the bankruptcy process is ongoing. Because Chapter 13 gives you three to five years to catch up on payments, it is often a good choice for people facing foreclosure.

The bankruptcy attorneys at Woodall & Woodall have helped more than 22,000 people in southern Georgia file bankruptcy. Based in Valdosta, we represent clients in communities such Thomasville and Albany as well. Wherever you are, help is available.

We have considerable experience with Chapter 13, and can tell you whether it is a good choice for your circumstances. Before we recommend bankruptcy, we review your debts, assets and income. We will also discuss your goals. Do you wish to keep your house and your vehicle? Can you continue to make payments under the Chapter 13 plan? You can trust in our experience if we recommend Chapter 13 for you.

The Basics Of Chapter 13

Under Chapter 13 bankruptcy, your debts, including the mortgage, will be reorganized into a repayment plan over three to five years. As part of the plan, the payments on these debts will be lowered so they are more affordable.

Successful completion of the repayment plan will result in some of your remaining debts being discharged, if they are eligible. Unsecured debt, such as credit cards and medical bills, may be discharged. Some debts are not dischargeable under bankruptcy, including court-ordered child support and spousal support, student loans and certain types of taxes.

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.