Bankruptcy in Atlanta and the rest of Georgia: An overview

When you are unable to pay your monthly bills and find that your creditors seem unwilling to work with you, it may be time to consult with a Georgia bankruptcy attorney.  Georgia bankruptcy laws are in place to help people address their situation, restructure their financial responsibilities, and move forward in a positive manner.  Consulting with a Georgia bankruptcy attorney is the first step toward a new beginning, and there should be no negative stigma attached to it.  Here at Law Firm, we make no judgments and vigorously advocate the interests of our clients.

Essentially, Georgia bankruptcy lawyers file one of two different petition types in behalf of families or individuals: Chapter 7 or Chapter 13 bankruptcy.  Technically, an individual may file a Chapter 11 reorganization, but this type of bankruptcy is almost exclusively the domain of businesses.

Chapter 7 bankruptcy in Georgia is a way to wipe the slate completely clean.  This type of bankruptcy is the logical solution for people who make less than the median income and do not own a lot of personal property, and it is often used in response to stifling credit card bills. A Georgia Chapter 7 bankruptcy can provide people with a fresh start, and in many cases all debt will be discharged in just a few months and you can then begin to rebuild your credit.  It is not uncommon for people to be able to obtain financing a year or so after having their debts discharged through Chapter 7 bankruptcy if they follow the instructions of their Georgia bankruptcy lawyer.

The other common bankruptcy option for families and individuals is Chapter 13 bankruptcy.  This is the logical choice for people who want to keep all of their personal property while getting their monthly bills down into a range that is manageable for them.  When you file for Chapter 13 bankruptcy your Georgia bankruptcy attorney will work with the court and your creditors to arrange a 3-5 year payment plan that you can afford.  In many instances the balances that you owe can be negotiated down to a lower amount, and you may be required to pay just a fraction of the amount of your unsecured debt as part of your overall restructuring plan.

Law Firm consists of the most committed and experienced bankruptcy attorneys in GA, and we will work hard to devise the bankruptcy strategy that is right for you.  When you see your debt vanish via a simple Georgia Chapter 7 bankruptcy filing, or when the foreclosure notices cease after a Chapter 13 reorganization, you can breathe a sigh of relief, put the past behind you, and move forward under the protection of Georgia bankruptcy laws.

• Stop Harassment
• Stop Repossessions
• Stop Foreclosures
• Keep Your Home
• Keep Your Car
• Keep Your Wages