Beginning Of Chapter 13 Case Bankruptcy In Columbus GA

A Chapter 13 case begins when a debtor files a petition with the bankruptcy court serving the area where the debtor has a residence. Unless the court orders otherwise, the debtor also shall file the following documents with the court:

1. Schedules of assets and liabilities;
2. Schedule of current income and expenditures;
3. Schedule of unfulfilled contracts and unexpired leases; and
4. Statement of financial affairs.

Chapter 13 contains a special automatic stay provision applicable to creditors. Specifically, after the commencement of a Chapter 13 case, unless the bankruptcy court authorizes otherwise, a creditor may not seek to collect a debt from the debtor. The Chapter 13 debtor is entitled to a discharge upon successful completion of all payments under the Chapter 13 plan. In return for the willingness of the Chapter 13 debtor to undergo the discipline of a repayment plan for three to five years, a broader discharge is available under Chapter 13 than in a Chapter 7 case.
If you use Chapter 13, the entire repayment plan must be completed in three to five years in order to have your remaining debts discharged unless the court lets you off the hook early, for hardship reasons. The majority of those who file for Chapter 13 are often unable to complete their plans.

Our bankruptcy attorneys are based in Columbus, GA (Georgia). If you are located in Columbus, GA (Georgia), Fort Benning GA (Georgia), Chattahoochee County, Harris County, Marion County, Muscogee County, Lagrange, Atlanta, Albany, Newnan, Peachtree City, Carrollton, Muscogee County, Troup County, Phoenix City AL or Opelika AL, contact us. We can help you file for bankruptcy.

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