Many people are scared of the word “bankruptcy” but it can actually be something that can change your entire life around. There are many different reasons that people choose to file for bankruptcy and it is not something to be ashamed of. These are some of the most common reasons people choose to file for bankruptcy that we have come across.
Common Reasons to File for Bankruptcy
One of the most common reasons people file for bankruptcy is because of their finalized divorce. Depending on where you live, how much debt you have, how much property you have, and the type of bankruptcy you are looking for, you may even be able to file for bankruptcy before the divorce is final. There are many different individual circumstances that may lead you to needing to file for bankruptcy after a divorce and our bankruptcy attorneys in Atlanta can help you with all of your options. Depending on what your specific situation is, that can differ the kind of bankruptcy you need and if both you and your former spouse may be required to file for bankruptcy. We can work with you to explore all of your options to ensure everything goes as smoothly as possible.
Debt is also another big reason that people choose to file for bankruptcy. If you are currently getting collection calls or even wage garnishment, it can cause a lot of stress to your life. This is especially true when you think there is nothing you can do to change the situation. However, once you have filed for bankruptcy, all of the collection calls will stop immediately and there may even be some wage garnishment that is halted as a result. This is because an automatic stay is placed on all of your accounts and your creditors can no longer contact you to try to recoup money owed. This can provide you with some relaxation as your bankruptcy is processed. The types of wage garnishments that cannot be included in an automatic stay include tax debt, child support, or alimony but if your wages are being garnished because of an unsecured debt, those will be halted.
Contact A Bankruptcy Attorney Near You
Atlanta bankruptcy is definitely not the end of the world and many benefits can come out of it. No matter what your reasons are for bankruptcy, we can assist you with all of the processing as well as answer any questions you may have. We are here to assist you in anything you may need in the process and will be there the entire journey.