A Georgia Bankruptcy Attorney can help you navigate the complicated legal process of filing for bankruptcy. As an experienced Atlanta bankrupt attorney, Valerie Long can answer many of your questions, including which type of bankruptcy is best for your situation. The best bankruptcy attorney can also help you figure out which options are best for your situation. Chapter 7 and Chapter 13 bankruptcy are two of the most common types of bankruptcies, with the latter being the most suitable option for businesses and individuals.
Chapter 7 bankruptcy requires you to sell all of your non-exempt assets, such as real estate. These assets will be liquidated by the bankruptcy trustee. It is important to understand the exemptions, because losing everything you own can make it extremely difficult to build a new life after a bankruptcy. A qualified Georgia bankruptcy attorney will be able to advise you on what you can keep, and which ones you can’t.
Chapter 13 is the most popular type of bankruptcy and is good for people who make enough money to pay off a large portion of their debts. This type of bankruptcy can allow you to keep your home and your car, and it will allow you to continue to feed your family. The best part about this type of bankruptcy is that you can keep your home and vehicle, and most banks will forgive your debt. However, you may still have to pay alimony, taxes, and child support. Other debts such as credit card and medical bills will be included in your bankruptcy.
A Georgia Bankruptcy Attorney will help you make sure your creditors don’t lose anything when you file for bankruptcy. The bankruptcy court appoints a trustee to oversee your debts and property, and the trustee will work to ensure your creditors get paid. Often, a bankruptcy attorney will be able to negotiate with your creditors to reduce your monthly payments or interest rate. It’s not easy, but it is possible with the help of an experienced bankruptcy lawyer.
A Georgia Bankruptcy Attorney can help you get the most out of your bankruptcy. Unlike a bankruptcy trustee, the court appoints a trustee to oversee your debts. The trustee will make sure your creditors are paid. The bankruptcy attorney will also ensure that your paperwork and assets are handled properly and in accordance with the law. This process can be time-consuming, but it can make the process easier.
When filing for bankruptcy, it is important to remember that Georgia law protects you. When filing for bankruptcy, you don’t lose your home, your car, or other assets. In addition, your property is protected under the Bankruptcy Code. Even life insurance policies and interest on your home loan can be exempt. The attorney will make sure that your creditors don’t take your property after you file. If you can’t afford the attorney fees, you can do it yourself for a nominal fee.