Thursday, March 26, 2015

What Can I Keep After Filing Bankruptcy In Georgia?

A question we hear from many clients is, “What can I keep after bankruptcy?” When you file for bankruptcy, bankruptcy laws allow you to keep certain property by labeling that property as exempt. These exemptions can be either straightforward or complex depending on the property itself. This is one of the many reasons to hire an experienced attorney who can guide you through your entire bankruptcy process.

At King and King, our approach is to protect all of our client’s assets while in bankruptcy. For the majority of our clients, we can protect everything. Deciding if Chapter 7 or Chapter 13 bankruptcy is right for you is part of that process. It’s easy to be misled by internet research or news stories. We offer free consultations where you can get the answers you need to make the right decision for you.

With the help of an experienced attorney from King and King, you can come out of bankruptcy in far better financial shape then you were in before. Call us today for a free consultation at 404-524-6400 or visit us online at

Monday, March 23, 2015

Can I Keep My House If I File For Bankruptcy In Georgia?

Many of our clients are concerned about how filing bankruptcy will affect their home. The good news is filing bankruptcy may be the best way to save your home, especially if you are facing foreclosure. Filing bankruptcy can also help you save the equity in your home if you want to sell it in the future.

Below is a brief summary of how filing bankruptcy can help save your home.
Most importantly, as long as you continue to make payments on your home, it is generally protected under bankruptcy exemptions in Georgia.

If you are behind on your mortgage payments, filing bankruptcy will put an immediate stop to a home foreclosure. You will still need to get caught up on your payments. Filing Chapter 13 bankruptcy allows you to put your mortgage arrearages into your payment plan and pay it off over a three-to five-year period. By eliminating or reducing other forms of debt such as credit card bills, you will find it easier to keep up with your house payments after filing bankruptcy.

If you want to sell your home and protect the profits, you may be able to do so when you file Chapter 13 bankruptcy. You may be allowed to protect all profits (up to certain exemptions, your attorney can assist you). You will need approval from the Chapter 13 Bankruptcy Court before you can sell your home.

For more information about whether you can keep your home after filing bankruptcy, contact the attorneys at King and King. Call us at 404-524-6400 for a free consultation or visit us online at

Monday, March 16, 2015

Can I File Bankruptcy In Georgia Without An Attorney?

If you’re comfortable with filing complicated legal documents, you may not need a bankruptcy attorney. Filing without representation is also referred to as filing pro se.  However, because of the many complicated issues that can come up in a bankruptcy, it is not recommended to file without a skilled attorney representing you.  Documents must be filed and deadlines must be met.  It is a complicated process best overseen by an attorney.

Working with a bankruptcy lawyer from King and King means the hard work is already done for you. All you need to do is bring documentation, such as income statements and tax returns, and your attorney will do the rest for you. The last thing you need to worry about when faced with bankruptcy is administration and legal jargon. When working with King and King, you won’t have to.

Hiring an attorney to handle your bankruptcy can provide you with a number of benefits including:

A stress free solution – If you are contemplating bankruptcy, whether Chapter 7, or Chapter 13 bankruptcy, then you will already have a lot on your plate and a lot to think about. Hiring an attorney can help you avoid any additional stress from mistakes, and will provide you with a simple, stress free way to move forward.

A Quick Way to Gain Control – When you work with an attorney from King and King, you can expect your bankruptcy process to be quite fast. In fact, as soon as the documents have been filed, you can expect wage garnishment, foreclosure and calling creditors to stop. We will guide you every step of the way so you know what to expect.

Filing for bankruptcy can be one of the hardest decisions to come to terms with. An attorney can help you come to terms with what this means and take on the legal side of things. If you are considering filing for bankruptcy, call King and King at 404-524-6400 for a free consultation or visit us online at

Thursday, March 12, 2015

Five Things You Should Know When Filing Bankruptcy In Georgia

It costs you nothing to explore bankruptcy as an option. Waiting can come at a high cost. You may end up losing assets you could have kept if you had filed bankruptcy earlier.

If you are considering filing bankruptcy, here are five things you should know when filing bankruptcy in Georgia:

Filing bankruptcy is a team effort.  Bankruptcy requires you to provide information regarding your debts, your possessions and many other details about your financial affairs to your attorney.  The person who is the most knowledgeable about these details is you. So, you must actively participate with your attorney in the preparation of your bankruptcy paperwork.

Bankruptcy can save your home and your car. Bankruptcy can discharge all or most of your debts, stop a foreclosure, prevent repossession of your car, and stop wage garnishment.  

You must list all of your debts.  We will need a list of all outstanding debts you owe. You should provide your attorney with copies of all your bills, collection letters, and lawsuits. Write down the name and address of bills you are missing.  The power of bankruptcy is to notify your creditors that you filed and that they can no longer contact you. 

You must list all of your assets.  Just like with debts, you need to disclose everything you own in a bankruptcy – this includes your home and car and household goods. Most, if not all, of your assets should be protected; however, the key is disclosure.

Bankruptcy can help you rebuild your credit.  Bankruptcy is designed to give people a fresh start.  While a bankruptcy filing will remain on your credit report for years, your credit score will begin to improve within a few months after your discharge, as long as you pay your bills on time.

Taking into consideration how complex bankruptcy law is, we can’t cover everything here. Call King and King for a free consultation where we can fully answer your questions 404-524-6400 or visit us online at