Monday, February 26, 2018

How Can I Raise My Credit Score After Bankruptcy In Georgia?

After filing bankruptcy one common question our clients ask is how they can start to rebuild their credit after the bankruptcy process is complete. The good news is that by filing bankruptcy, you can actually help your score. While credit scores typically decrease in the year prior to filing bankruptcy, after your bankruptcy discharge you can expect to see a steady rise in your credit score, especially if you are very careful while you rebuild your credit.

To keep your credit score moving in the right direction after filing bankruptcy, you may want to consider a secured credit card or a store credit account. Payments made on-time are reported to the credit bureaus which will help you rebuild a strong credit history.  It’s important to be judicious in taking on new loans.  Use credit sparingly and carefully.

Chapter 7 can remain on your credit report for up to ten years. Within 2-3 years after your bankruptcy discharge, a credit score in the 700's is possible if you practice good credit management.

If you are struggling with debt in Georgia and would like more information about bankruptcy and whether it may be an option for you, schedule a free consultation with King & King. Call us today at 404-524-6400 or visit us at for more information.

Friday, February 16, 2018

How Can I Stop Repossession In Georgia?

Have you received a notice that your car is going to be repossessed? We understand that without a car, getting to work or picking up your children after school can become a stressful challenge. There is a way to stop repossession. At King & King we provide personalized bankruptcy services for all types of debt relief and debt-related problems. We can help you obtain a fresh financial start.

Will My Car Be Repossessed?
When you file for bankruptcy, an automatic stay goes immediately into effect, preventing a car from being repossessed. In a Chapter 7 bankruptcy, you continue to make the payments on the loan. In a Chapter 13, a monthly payment is decided on with the court. That monthly payment is often much less than the original payment, and it can be imposed upon the lender regardless of how many months the client may have missed prior to filing bankruptcy.  For many clients in Chapter 13, we are able to lower the interest rate paid on the car loan dramatically.

What Chapter 13 Can Do to Save Your Car

· Lower the payoff price of the car

· Protect your car from repossession because of the automatic stay

· Lower the interest rate of the loan

In a Chapter 13 bankruptcy, the client often only pays the value of the vehicle. Since most people owe thousands of dollars more than their vehicles are really worth, you can save a substantial amount of money using this benefit of Chapter 13.

Call King & King for a free consultation to find out whether you can save your vehicle through bankruptcy. You might also want to surrender your vehicle through a Chapter 7 and get a fresh start.  You can reach us at 404-524-6400 or visit us at for more information.