Macon, Georgia Chapter 13 Discharge
Chapter 13 Bankruptcy filings in Macon, Georgia stops foreclosure actions from happening. It can permit you to breathe easier saving you from being physical removed from your house. Chapter 13 Bankruptcy filings in Macon, Georgia do not result in the liquidation of assets. Chapter 7 Bankruptcy results in liquidation of your assets. So, probably Chapter 13 Bankruptcy is better suited to match your needs than a Chapter 7 bankruptcy. Another advantage of filing Chapter 13 Bankruptcy is that the collection efforts must stop during the bankruptcy process. Collectors are not permitted to call, harass and/or disrupt your business and personal life during this time. It is a relief not having to deal with creditors, banks, and businesses who are contacting you endlessly for the purpose of collecting. It is a big relief for people in debt is to eliminate this one factor. It makes a huge difference allowing people to think better. Bankruptcy will permit you to start new life by discharging majority of the debts. When a debt is discharged in bankruptcy, the creditor cannot enforce the debt against the debtor nor initiate any collection activity. You don’t have to pay that debt. But certain debts have to be paid and will not be discharged by bankruptcy. These are: taxes; spousal and child support; debts arising out of willful misconduct and or malicious misconduct by the debtor; liability for injury or death from driving while intoxicated; non-dischargeable debts from a prior bankruptcy; student loans; criminal fines and penalties and forfeitures. It does not discharge the debtor from any debt incurred for money, property, services, or an extension, renewal, or refinancing of credit, to the extent obtained by false pretenses, a false representation, or actual fraud, other than a statement respecting the debtor’s or an insider’s financial condition.
———————
Macon Georgia bankruptcy lawyer | Bankruptcy attorneys in Macon GA and Warner Robins – Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Macon GA
http://www.macongabankruptcy.com
Comments on this entry are closed.