Deciding to file for bankruptcy is not an easy decision which is why you need the right help for it. Lee Ringer Law Offices has been helping people with bad debt problems since 1979. 

Chapter 13 Bankruptcy 

Chapter 13 Bankruptcy allows the individual that is filling for it to develop a plan to repay all of their debts in a timely matter. Your income is an important factor because it’s what helps to determine the plan you will have to follow to pay your debts. 

FIND THE BANKRUPTCY THAT BEST FITS YOU AND LET OUR CHAPTER 13 BANKRUPTCY ATTORNEY HELP YOU

Many Americans struggle with debt in many ways. Some have student loans they cannot afford anymore, mortgages, car loans, and personal loans. Debt is serious and if you are not making your payments on time interest rates get higher which leads to debt digging you into a bigger hole. 

The average American has around $38,000 in personal debt, sometimes it can be more depending on the types of loans you have. One of the biggest debts most Americans have is credit card debt. Debt is so dangerous because if you get into debt you won’t be able to pay it can lead to tough circumstances. 

Stop struggling with debt. The best way for you to slow it down is to contact our bankruptcy attorney augusta now. 

Having to choose which kind of bankruptcy you need can be overwhelming for some people, accepting the fact you are in bankruptcy and you have no way of paying out your debts may be tough for some. In cases like these, you need the best legal advice you can have. If you are located in Augusta and you are looking to work with a chapter 13 bankruptcy attorney to help you in your case, you are in the right track. 

Our expert lawyers can help you get out of that overwhelming case of knowing if you can or not pay out your debts. Chapter 7 may be the best decision you can make. 

When overwhelming debt is already causing stress and anxiety at home, a bankruptcy attorney augusta looks like the most viable option. However, proper support and guidance are needed for you to succeed and finally get out of debt. Our expert lawyers at Lee Ringler Law offices have provided debt relief to Georgia residents since 1979. We are able to help you go through the entire process, from finding the type of bankruptcy you need to filing for it and following up. 

Accepting that you have to opt for any of the bankruptcy chapters may not be easy for most residents. This is why every person that is wanting to opt for bankruptcy needs someone. 

Only individuals (people) with regular income may file under Chapter 13. In addition, the total of your non contingent, liquidated debts must be less than certain amounts.

The rules for deciding whether debts are non-contingent, or liquidated, or secured can be tricky. Plus, the maximum dollar amounts for Chapter 13 keep changing. You should seek the advice of a competent bankruptcy attorney if the total amount you owe to all your creditors exceeds the debt limits.

In general, you must pay all your disposable monthly income to the Chapter 13 trustee. Disposable income is what is left every month after paying your reasonable and necessary living expenses. Payments that you have been making on credit cards or other unsecured debts (including student loans) do not count as expenses when calculating disposable income.

Contact a chapter 13 bankruptcy attorney if you are thinking to file for bankruptcy.

A Chapter 7 bankruptcy case sometimes goes by the official name liquidation or sometimes straight bankruptcy. The United States Trustee (UST) (a division of the Department of Justice) picks a panel trustee to administer your case. The trustee is a lawyer, usually with considerable bankruptcy experience, but is not a government or court employee.

In theory, you are supposed to turn over any non-exempt assets (if you have any) to the trustee. Then the trustee is supposed to sell your assets to a willing buyer, and divide the proceeds among your creditors in proportion to the claims that they file, as far as the money will go.

If you are bankrupt, contact a bankruptcy attorney augusta now.

A Chapter 13 bankruptcy case is a payment plan. You will propose a plan, and the Bankruptcy Court will confirm (approve) it. You will make monthly payments to a standing Chapter 13 trustee, who will in turn pay your creditors in proportion to the claims they file with the Court.

Only individuals (people) with regular income may file under Chapter 13. In addition, the total of your non contingent, liquidated debts must be less than certain amounts.

The rules for deciding whether debts are non-contingent, or liquidated, or secured can be tricky. Plus, the maximum dollar amounts for Chapter 13 keep changing. You should seek the advice of a chapter 13 bankruptcy attorney if the total amount you owe to all your creditors exceeds the debt limits.

Lee Ringler is a debt relief agency proudly designated by the US Congress and the President of the United States. Lee has been helping people find solutions to their debt problems, including, where appropriate, getting out of debt under the federal bankruptcy laws for over 20 years in both Georgia and South Carolina. We work under Title 11 of the United States Code to assist you in dealing with your debt.

Bankruptcy is a federal law, administered by the United States Bankruptcy Courts which are technically a part of the United States District Courts. Bankruptcy law is complex and, therefore, I think, a speciality. Get to know more about a bankruptcy attorney in Augusta.

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