For 25 years, our Chapter 13 bankruptcy attorney in Albany, Georgia, has served our Dougherty County residents by providing the knowledge and skill necessary to achieve financial success with positive legal solutions.
At the Law Office of The Law Office of Robert J. Pinnero P.C., our Albany Chapter 13 Bankruptcy Lawyer believe that when life becomes financially overwhelming and losing your home or car is becoming a real possibility, you deserve help without judgment or difficulty. Our Albany Chapter 13 attorney provides more than a structured outline of how we can help you regain control of your financial future, but we offer compassionate support that allows you to face your upcoming case with confidence.
What Is Chapter 13 Bankruptcy In Albany, Georgia?
Chapter 13 bankruptcy in Albany, Georgia, is a solution-focused debt repayment program that allows the filer to restructure their debt through affordable payments that are made over the next three to five years, at a low-interest rate – and in some cases, at an interest-free rate.
Once the Chapter 13 bankruptcy protection is in effect, and you are making the properly scheduled payments, your creditors are required by federal law to follow the terms of your repayment plan, which means they cannot repossess your car or foreclose on your home.
Who Is Eligible To File For Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is only an option for individuals who have a consistent source of income. This income will be verified before the repayment plan is approved by the court.
In addition, you are eligible for Chapter 13 bankruptcy if you have not filed for the same status in the last four years.
Our Albany, Georgia, Chapter 13 bankruptcy lawyer will discuss your eligibility and establish the details of your filing during an initial free consultation with our office today, so there is no confusion regarding the solutions that are available to you.
Can I Keep All Of My Property Under Albany, Georgia, Chapter 13 Bankruptcy Filing?
At the law office of The Law Office of Robert J. Pinnero P.C., our Albany bankruptcy attorney designs Chapter 13 bankruptcy solutions that provide fresh starts for our Albany, Georgia, residents.
Together we will create a plan that enhances your financial future through the application of calculated and affordable payments that will:
- Stop garnishments
If you are being threatened with wage garnishment, or if your wages are currently being garnished, not only are you behind on your bills, but also your income is being compromised before you even see your paycheck. Garnishments severely impact your ability to care for your family and deliver a severe blow to your financial confidence. With Chapter 13 bankruptcy protection, we will stop potential garnishments from taking place, and our Albany Chapter 13 Bankruptcy attorney, backed by our bankruptcy laws, will demand any current garnishments stop quickly.
- Keep Your Car From Being Repossessed
Part of your debt restructuring will include your car payment, which will keep the finance company from being able to repossess your vehicle. Your payment may also be recalculated to reduce the outstanding balance to reflect your car's current market value, so the final payoff is less than your previous agreement.
- Save Your Home From Foreclosure
If your home is heading toward foreclosure from lack of payment, or even if the foreclosure proceedings have already started, Chapter 13 bankruptcy will stop the process any time before the sale begins.
The repayment plan we establish with the court will allow you to make affordable payments on the past due amount, without the addition of late fees – or threats of impending foreclosure weighing you down.
You WILL be obligated to pay all future mortgage payments in full directly to the lender. Only the past due balance will be included in your debt restructuring plan.
- Eliminate Additional Mortgages
It is not uncommon for Georgians to owe more on their mortgage than their home is worth. Second and third mortgages provide temporary financial relief for individuals and families who are struggling with debt, but the overall consequences can overwhelm your bottom line.
When you file for Chapter 13 bankruptcy, additional mortgages may lose their debt status and become unsecured debt — joining the same category of debt like credit cards or medical bills. When that happens, their repayment is no longer a priority under your bankruptcy repayment plan. While its repayment does exist in your plan, unsecured debt is typically eliminated once your bankruptcy is discharged after the three to a five-year agreement has been satisfied.
Are You In Jeopardy Of Losing Your Albany, Georgia, Home? Call Us Today For Immediate Help.
If you are struggling with debt, are having your wages garnished, or are in jeopardy of losing your car or home, contact our Chapter 13 bankruptcy attorney at the The Law Office of Robert J. Pinnero P.C., in Albany, Georgia, today at 229-436-9661 to schedule a free initial consultation. We will go over your legal bankruptcy options in full, so you can make confident decisions regarding timely debt solutions and your financial future.