Chapter 13

Competent & Client-Focused Legal Representation

Chapter 13 Bankruptcy Lawyer in Savannah

Chapter 13 bankruptcy is called the reorganization type of bankruptcy. In this form of bankruptcy, you will propose a three to five year plan to pay off your creditors under the supervision of the Chapter 13 Trustee. Your debts can be reorganized and, as in a Chapter 7, at the end of the process, unsecured debt such as credit cards, medical bills, personal loans, and more will be discharged. Unlike a Chapter 7, however, a Chapter 13 can also help you catch up on mortgage, vehicle, or other secured debt during the plan’s process.

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Exploring Chapter 13 Bankruptcy

Why Choose Our Savannah Chapter 13 Bankruptcy Services

Some individuals may not be eligible for a Chapter 7 or may wish to save significant assets which means filing for a Chapter 13. At the Law Offices of Mark A. Bandy, PC, we can sit down with you to review your individual circumstances to determine the best plan for you. With more than 20 years of experience, our Savannah Chapter 13 bankruptcy attorney has a thorough understanding of the law, the procedures, and how best to protect your interests throughout the process. Our priority is to provide you with excellent service and competent legal skills that will change your financial life into a positive one.

Need legal advice regarding your financial scene? Call us (912) 331-4501 for your FREE consultation or request one online. Our bankruptcy attorney in Savannah is ready to help.


Understanding the Chapter 13 Repayment Plan

Chapter 13 Bankruptcy & Its Advantages

Called a “wage earner plan,” a Chapter 13 repayment plan proposes a monthly amount to be paid to the trustee of your case. The trustee then pays your creditors with that amount. In some cases, the payment can be used to bring your mortgage or car payment current. In other cases, the payment may be used to pay your unsecured debts. A Chapter 13 bankruptcy does not require you to repay your creditors in full. The amount of your monthly payment is based on your monthly income and expenses as well as your assets and debts. It will be an amount that you can afford.

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Foreclosure Prevention, Debt Reduction, and Asset Protection

Benefits of Chapter 13

The advantages of a Chapter 13 can include:

  • Halting a foreclosure; in cases where you have not been able to obtain a modification of your mortgage and are facing foreclosure, Chapter 13 can stop the foreclosure and allow you to resolve any delinquency over the three to five year plan.
  • A reduction of the interest rate and/or a reduction of the principal amount owed on debts. For example, if you owe more on your car than its worth, you may be able to reduce what you owe to the fair market value or reduce the interest owed on the remaining balance of your vehicle loan.
  • “Lien stripping,” in which you can eliminate the security interest of junior lienholders where the fair market value of your home is less than the total amount owed. This places these junior lienholders into the “unsecured debt” category. Whatever is owed on unsecured debt at the end of the three to five year plan is discharged.
  • Saving other assets, such as vehicles, boats, other real estate or property by handling delinquencies through the three to five year plan.
  • Stopping all further collection attempts made by creditors and collection agencies due to the automatic stay issued by the court; creditors can only go through the bankruptcy court for payment.

On the other hand, some debt cannot be eliminated through a Chapter 13, such as alimony, child support, most student loans, certain taxes, or judgments owed on personal injury or wrongful death claims.

Chapter 13 Essentials: Eligibility, Repayment, and Protection

How Does Chapter 13 Work In Georgia?

Chapter 13 bankruptcy is designed to help those who are struggling with overwhelming debt to reorganize their finances and create a manageable repayment plan. Here’s how Chapter 13 works:

  • Eligibility and Filing: To qualify for Chapter 13 bankruptcy in Georgia, you must have a regular income and your unsecured debts must be below a certain threshold. To confirm that you are eligible and be confident that filing is right for you, consult with a knowledgeable attorney at Law Offices of Mark A. Bandy, PC. We offer a free consultation!
  • Creating a Repayment Plan: With the assistance of your attorney, you will develop a repayment plan that outlines how you will repay your debts over a period of three to five years. The plan takes into account your income, necessary living expenses, and the value of your assets.
  • Automatic Stay: Once you file for Chapter 13, an automatic stay is immediately enacted, providing protection from creditor actions such as foreclosure, wage garnishment, or collection calls. This gives you the opportunity to resolve your financial difficulties without the constant harassment from creditors.
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  • Trustee Oversight: A bankruptcy trustee is appointed to oversee your case. You will make regular monthly payments to the trustee, who will distribute the funds to your creditors based on the terms of your repayment plan.
  • Repayment Period: The repayment period typically lasts three to five years. At the end of the repayment period, if you have made all required payments, any remaining eligible debts may be discharged.
  • Debt Discharge: When the repayment plan is complete, any remaining eligible debts, such as credit card debt or medical bills, may be discharged. However, certain types of debts, such as student loans and most tax obligations, are generally not dischargeable in bankruptcy.

Navigating Chapter 13 bankruptcy in Georgia can be complicated. We recommend working with a seasoned attorney who can answer all of your questions and guide you through the process. At Law Offices of Mark A. Bandy, PC, we have over 20 years of experience assisting individuals and families in Savannah, Georgia, and surrounding areas with their Chapter 13 cases. We offer free consultations, including weekend and after-hours appointments, and can accommodate virtual consultations for your convenience. Contact us to make an appointment for your free consultation and take the first step toward achieving financial stability!

Discover How Chapter 13 Can Benefit You

Call the Law Offices of Mark A. Bandy, PC to Discuss Your Case

To get a more in-depth understanding of how Chapter 13 works and how it can benefit you, we urge you to call the Law Offices of Mark A. Bandy, PC as soon as possible. We can walk you through the process, explain both the pros and cons of what you will be facing, and can advise you on what is needed to get started. Our firm has represented thousands of individuals in bankruptcy proceedings. We have the competence, ability, and desire to help you move forward into a brighter future.

Get your financial scene back on track. Call us at (912) 331-4501 our fill out our online contact form today with our Savannah Chapter 13 bankruptcy lawyer.

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“I was very pleased and would highly recommend his firm. They are top notch. Thank you to Mark and his team for their help.”
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A former client of Mark’s referred me to his firm. I called and spoke with Mark. He took the time to listen and understood my concerns. He discussed the process and time frame for filing. His staff followed up and contacted me the next day. They stayed in touch and communicated each step from the beginning to the end. I was very pleased and would highly recommend his firm. They are top notch. Thank you to Mark and his team for their help.
-Kim C
“After reaching out to Mark my initial apprehension was immediately put to rest. Mark is very understanding and broke the process down in its most simple terms.”
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Although bankruptcy was a great option for me financially, it was also a very scary thought to process which initially made me reluctant to pursue this option. However, after reaching out to Mark my initial apprehension was immediately put to rest. Mark is very understanding and broke the process down in its most simple terms. The process was seamless, only required one office visit and one courthouse visit and by working with Mark I was able to achieve optimal results. I could not recommend Mark more and I am beyond happy that I chose to work with him.
-Ben
“I knew as early as our consultation that Mark Bandy cares for his clients.”
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He and his office made my legal matter an easy and fluid process. There is now a light at the end of the tunnel for me. Thank you, Mark and Shannon, for your outstanding guidance and assistance!
-Suran
“I would recommend Mr. Bandy to any and everyone who going through a rough patch and needs help. Thank you so much.”
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Mr. Bandy saved me and my financial situation when I really was at my lowest. His professionalism and follow through made the entire bankruptcy proceedings easy to process. I would recommend Mr. Bandy to any and everyone who going through a rough patch and needs help. Thank you so much.
-Former Client
“Mark and his team are incredible and helped in a tremendous way.”
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Mark and his team are incredible and helped in a tremendous way. He saw the process all the way through, and informed me of any details and questions I had. Would absolutely recommend! Everyone goes through a tough time, and people like Mark are there to help.
-Josh F.
“I was worried about losing a piece of my business and he helped me keep it all.”
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Mark helped answer some questions about handling my credit card companies during the Covid crisis. I was worried about losing a piece of my business and he helped me keep it all. Thanks, Mark!
-Eric
“He is professional, reasonably priced, and makes whatever you’re going through feel like it’ll be OK.”
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Mark Bandy is by far one of the best. He is professional, reasonably priced, and makes whatever you’re going through feel like it’ll be OK. He answered any question I had, responded to calls and emails in a timely manner, and so forth.
-Bianca
“Mark and his staff were excellent.”
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He made this very easy for me and provided tons of information on how to move beyond the Chapter 7. I am so grateful for the service and would recommend his staff for anyone seeking to file bankruptcy. Very patient and helpful. Thank you.
-Katherine H.
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We offer free consultations, weekend, after-hour, and virtual appointments for your convenience.

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We are accessible to our clients and are here to answer all questions throughout the process.

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When you retain us you can rest assure you will receive excellent representation and the best possible outcome.

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Attorney Mark A. Bandy has over 20 years of experience successfully handling bankruptcy filings in Savanna.

Contact us online or call our offices at (912) 331-4501 to get started with our Savannah bankruptcy attorney today.

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