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Bankruptcy is a process that most people aren’t familiar with, which is why you need an attorney to guide you through the process if you must declare Chapter 7, Chapter 11 or Chapter 13. If you’re beginning the process of bankruptcy or are already in the midst of it, here are some essential questions to ask your bankruptcy attorney.
When you are having money issues and creditors are breathing down your neck, it can be difficult to see a way out. No one wants to find themselves in this type of financial situation, but when it happens, you do have options. One of those options is bankruptcy. Bankruptcy can give you back your life and allow you start over with a clean slate.
If you are struggling to pay mountains of debt and you don’t see a way out, bankruptcy may be the best option available to you. When you file for bankruptcy, you are given tools that help you manage or even eliminate your debts so you can begin working toward financial recovery. However, attempting to file for bankruptcy without legal guidance is not recommended. Below are some of the benefits of hiring an experienced bankruptcy attorney near Atlanta.
If you have debts you cannot pay, you may be considering bankruptcy. Although bankruptcy can help you to dramatically reduce or even eliminate these debts, it will hurt your credit. In fact, bankruptcy can stay on your credit report for as long as ten years, and it is sure to lower your score.
Bankruptcy is a possible solution if you get into certain financial situations. However, it’s important to understand how bankruptcy will affect your credit report. Your credit report impacts how easily you can get credit in the future as well as how much interest you will pay on money that you borrow. Here are some things you need to know about bankruptcy and your credit report. If you have any questions or want to file bankruptcy, please contact our Atlanta bankruptcy attorneys by filling out an online form or calling one of our many offices.
Chapter 7 bankruptcy, which may also be called “liquidation,” allows you to discharge a large portion of your debt after liquidating and surrendering your non-exempt assets. However, this type of bankruptcy is not available to every debtor. In order to qualify for Chapter 7 bankruptcy, you must typically pass the bankruptcy means test. Fortunately, some debtors filing for bankruptcy may be exempt from this test.
When you make the decision to file for bankruptcy, you will discuss whether a chapter 13 or chapter 7 bankruptcy is right for you. When you meet with your bankruptcy attorney, you will go over all of your debt, assets and your current income to determine if you meet the means test for filing a chapter 7 bankruptcy. If you were fired after filing for bankruptcy, we can guide you in the right direction.
When overdue medical bills are coming in the mail and there is no way that the debt can be paid, it’s time to see how bankruptcy can help. If you are injured, or you accrued medical bills because of an illness, you may find yourself overwhelmed with even trying to pay the bare minimum every month to keep credit collectors at bay.
If you are struggling under debts you can’t pay, you may be considering bankruptcy. Most consumers will use either Chapter 7 or Chapter 13 bankruptcy to eliminate their debts.
In order to qualify for Chapter 7 bankruptcy, you must pass the means test. If you do not pass this test, you must look for another debt relief option.
When you’ve run into difficult times, it’s not unusual to be unable to pay a bill or have it slip by unnoticed. However, when those debts are sold to a collection agency, you may feel as though you’re in a never-ending battle of letters, increasing fees, telephone calls and similar stressful situations. However, there are limits to what a collection agency can do to collect a debt. Here are some of those limits, which can help you keep the process sane.
Bankruptcy is often confusing and emotionally scary, for it’s a detailed legal process and most people don’t fully know what the outcome of the process will be. Because bankruptcy is legally defined, however, going through a bankruptcy is manageable if you have someone on your side who’s familiar with the process.
Going through a Chapter 13 bankruptcy can be an overwhelming process, and it’s very easy to get bogged down in legal and financial terminology. However, you do have rights as you go through the process in the Georgia court system.
If you are ready to file for a divorce because of a marriage under considerable financial strain, it’s time to look at your options. In a divorce in Georgia, marital assets and debts are divided in a way that is deemed fair or equitable. For the spouse that has a much lower income, this can mean responsibility for fewer marital debts and receiving more of the assets.
If you’re overwhelmed with debt, you may want to consider bankruptcy. This is the legal process of discharging your debts, and bankruptcy attorneys can help with the process. Here’s what you need to know about Georgia’s bankruptcy laws.
After filing for Chapter 7 or Chapter 13 bankruptcy, you may be wondering what to expect. Going through bankruptcy can be a very traumatic and emotionally exhausting experience. After you return home and the whole experience sinks in, you’ll start to look forward and wonder what comes next.
There are times when filing for bankruptcy may be the only realistic option available. Our bankruptcy experts can help you go through the process of filing for chapter 13 bankruptcy. A history of bankruptcy does not need to get in the way of making large purchases at a future time. Our experts can help you understand when you may begin purchasing cars and more after going through chapter 13 bankruptcy.
Chapter 7 bankruptcy can take six months to complete after the initial filing is made, and sometimes certain delays cause the process to last even longer. In the vast majority of cases that are properly handled, though, the process lasts about three months. After this time, the case may be completed and you’ll be free to start rebuilding your credit. Here’s an overview of the process.
If you’ve been suffering from financial hardship due to overwhelming debt, filing for bankruptcy may be the best solution. If you do make the decision to file for chapter 7 or chapter 13 bankruptcy, consult with the bankruptcy experts at Clark & Washington. Filing bankruptcy can be a hard and scary time. An expert firm like Clark and Washington can help guide you through this financial instability.
From 2006 through 2017, Georgia saw some of the highest rates of non-business Chapter 7 and Chapter 13 bankruptcy filings in the nation. During this period, there were 104,160 total bankruptcy filings: 81,285 Chapter 13 bankruptcy filings and 22,875 Chapter 7 bankruptcy filings. Georgia has remained one of the top states for bankruptcy in the country, even as individual filings have gone into decline. But will bankruptcy remain strong in Georgia moving into 2019?
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