Bankruptcy Information
Chapter 7 bankruptcy and Chapter 13 bankruptcy offer different forms of protection. If you’re facing a financial crisis, a local bankruptcy attorney can help you determine whether Chapter 7 bankruptcy or Chapter 13 bankruptcy might be the right answer for you.
Generally speaking, Chapter 7 bankruptcy is intended to wipe the slate clean by discharging unsecured debt—debts like credit card debt, medical bills, and unsecured loans. Chapter 13 bankruptcy, on the other hand, is intended to give a debtor time to catch up past due payments over a period of 3-5 years, while keeping secured property like houses and cars.
Just complete this form & let Bankruptcy.me connect you with a bankruptcy attorney near you.Are your credit card bills piling up at a faster rate everyday? Perhaps you should consider filing for bankruptcy in GA as a way to hit the restart button. There are many causes that can lead to filing for bankruptcy. Some reasons include emergency medical expenses, credit card debt, loss of employment, and divorce. Many of these life events create financial difficulty as well as a tremendous amount of worry and tension. Whatever reasons lead you to making the decision to file for bankruptcy in GA, you shouldn’t feel ashamed, there are many people in the same situation.
We all want to have the best credit possible, but sometimes having good credit can be a hard task. If you’re carrying a burdening amount of debt that you cannot pay off, the first step to financial recovery may be making an appointment with a qualified lawyer who specializes in GA bankruptcy attorney. Your local bar association will be happy to provide you with a list of lawyers who have years of experience in Georgia bankruptcy. In addition to what the bar association recommends, contact friends or relatives who have used bankruptcy attorneys in the past.
Your bankruptcy attorney will determine the type of Georgia bankruptcy you should file. There are two types of personal bankruptcy: Chapter 7, which erases most of your debts, and Chapter 13, which establishes a debt repayment plan. Your paperwork and financial records will be reviewed and the determination made as to which type of bankruptcy is right for your situation.
Filing for personal bankruptcy immediately puts a stop to events such as utility shutoffs, evictions, repossessions and many types of lawsuits. For individuals who have been constantly struggling to stay afloat, this is a relief beyond compare. Filing for bankruptcy will also keep your creditors away and a court order will stop wage garnishing and creditor harassment. You will no longer be scared to answer the telephone or open your mail.
Using the services of a attorney who is knowledgeable with Georgia bankruptcy will assure you the proper legal representation you need. The burden of all that debt will be lifted and you can look forward to a new financial start.
Many individuals feel humiliated at the thought of filing for bankruptcy. In this day and age, there is no reason to feel that way. It’s more damaging to ignore your outstanding debts and do nothing to remedy the situation. Filing for bankruptcy will allow you to take control of your finances and your life.
