Any individual, either self employed or employed with an organization may file a chapter 13 bankruptcy in Columbus, Georgia and get protection under it. The only criteria is that the unsecured debts should be below $336,900 and secured part of the debts lower than $ 1,010,650. No organization can seek assistance or file chapter 13. A person cannot file for chapter 13 if his bankruptcy application was dismissed 180 days before the filing. An experienced Columbus, Georgia Chapter 13 Bankruptcy can assist you file for Chapter 13 Bankruptcy. Bankruptcy is a really terrible state to be in, for any individual or an organization. However even in such tough times, there are ways to tackle such situations. Chapter 13 Bankruptcy assists individuals only, to work out of financial crisis under the guidance of a federal bankruptcy court. A debtor with a regular income can restructure his financial position with the help of Chapter 13 Bankruptcy. The debtor must propose a plan with the assistance of which he or she can repay all his outstanding debts in three to five. Five years is the maximum time period of the repayment plan for a Chapter 13 Bankruptcy in Columbus, Georgia.
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