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When people decide to hire Atlanta bankruptcy law firms to file for bankruptcy, a common question they have is how the filing will impact their credit. The attorneys at Clark & Washington, a law firm focusing exclusively on Chapter 7 and Chapter 13 bankruptcy, are always happy to answer client questions. Filing for bankruptcy is a major decision with financial and legal implications, so knowing how it will impact your credit is important.
Once you decide to file for bankruptcy in Georgia, your next step is to find a qualified attorney to represent you. Although the law does allow bankruptcy petitioners to represent themselves in a process called pro se, most choose not to do so. Bankruptcy has long-term legal and financial consequences that can be challenging to understand when you do not have a legal background. You also need to consider that federal law prohibits bankruptcy judges and court employees from offering any advice about your case.
People who are in dire financial strain file for bankruptcy throughout the calendar year, but trends in filings show that filing becomes more common this time of year. If you’re facing a Chapter 7 or Chapter 13 bankruptcy right now, know that there are many other people in similar situations.
Deciding whether to file for Chapter 7 or Chapter 13 bankruptcy is difficult enough without having to wade through various myths to see if there is any truth to them. Unfortunately, falsehoods about both types of bankruptcy persist that make the process more challenging than it needs to be. In this blog, Georgia bankruptcy attorneys Clark & Washington provide factual information to counter some of the most persistent myths about Chapter 7 and Chapter 13 bankruptcy.
Bankruptcy gives people in debt a chance to start over without losing everything, but does that include their retirement accounts? There is a lot of misconception about bankruptcy rules. If you consider taking this grave step, knowing what it involves is essential. Do the laws and procedures of filing bankruptcy in Georgia include giving up your retirement accounts?
There is no benefit to creditors if you file for bankruptcy. They make their money by keeping you in debt. That’s why they don’t want you to know that you have the right to have most, if not all, of that debt forgiven under federal law. And, you can get out of debt for a fraction of what you’d pay creditors or debt settlement agencies – and in a lot less time.
What else are your creditors hiding from you about bankruptcy relief?
Losing a job and being out of work for a few weeks is bad enough – money is tight until you get that first paycheck, but many people make it through with little to no consequences. However, with the pandemic in play, people lost jobs and could not go back to work because of lockdowns. Even if businesses opened after a couple of months and you received unemployment, you probably got pretty far behind in paying bills.
A bankruptcy attorney at Clark & Washington, P.C., can help you get back on your feet and become debt-free.
Making the decision to file for bankruptcy should never be taken lightly. When you have the right professionals by your side to help you through that process, it is possible to make the right decision for yourself and your financial future. Working with Georgia’s premier bankruptcy attorneys can help you to start on the right path. Consider a few key aspects of filing bankruptcy now.
Garnishment can be stressful and upsetting, and many people who experience garnishment are left feeling like they have no choice. You do have choices, but it’s important to work with a professional attorney who can help. The more you understand about garnishment and what it is, and the sooner you take action to defend yourself against a garnishment, the better off you’ll be. Here’s what you need to know about garnishment.
Sometimes things happen, and you can no longer pay your debts. While you have several options available to you, it is sometimes easier to get a fresh start by filing bankruptcy. Once you decide to file bankruptcy, you have two options: Chapter 13 reorganization and Chapter 7 liquidation. The method you choose depends on your individual situation, including how much money you make, what assets you have, and how much your assets are worth.
Have you been thinking about filing for Chapter 7 or Chapter 13 bankruptcy but aren’t sure if it’s the right decision for you and your family?
Before making such a large decision as this on your own, numerous factors should be considered. The following is a list of questions to ask yourself before concluding that bankruptcy is right for you.
Once you have met all the qualifications to file for bankruptcy in Georgia and filed the required paperwork, the next step is for a local court to discharge your case. Keep in mind that a bankruptcy discharge and a bankruptcy dismissal are different legal processes. When a bankruptcy judge discharges your case, it means that you no longer have the legal obligation to pay certain types of debts.
Are you suffering under a mountain of debt? Do you wake up in the middle of the night wondering how you are ever going to be able to pay your bills? Are you worried about losing your home? There are many things that can lead to debt that spirals out of control. It could be divorce or losing a job or unexpected medical bills. It could just be the result of many, small, poor purchasing decisions. Whatever the cause, bankruptcy can offer many consumers a new chance to live a debt-free life without the constant, crushing worry about bills and harassment from creditors.
When you have determined that the most prudent route to follow to address intractable financial issues is Chapter 7 or Chapter 13 bankruptcy, your next step is to find a reputable attorney with a deep background in this area of law.
That’s where the team at Clark & Washington, LLC can help. We’ve developed a reputation for being knowledgeable and experienced legal professionals in Georgia with a focus on bankruptcy.
You may be considering filing for bankruptcy in Georgia if your business debts have become insurmountable. If so, the next question you face is whether you should file bankruptcy on behalf of yourself or your business. Our personal bankruptcy attorneys in Atlanta have helped thousands of clients make the best choice for their situation.
Filing for bankruptcy in Georgia is an option if you have more debts than assets and know that you do not have the means to repay creditors according to your agreements with them. However, you must meet certain qualifications for both Chapter 7 and Chapter 13 bankruptcy.
Do you avoid answering phone calls from unknown callers? Do you set aside mail without opening it when the return address is either one you do not recognize or one you do recognize as being from a debt collection company?
Bankruptcy can be a help for families who are struggling with overwhelming credit card, medical or other debt. However, if you are considering filing bankruptcy in Atlanta, Georgia, consider the following to ensure that your bankruptcy case proceeds smoothly and successfully and that you are able to protect and keep all of your property in bankruptcy.
Thanks in part to unemployment benefits efforts and stimulus payments, bankruptcy filings across the nation were down in 2020 compared to 2019.
Vaccination rates are slowly climbing and states are beginning to open up. However, many people are still dealing with the serious financial impacts of COVID-19.
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