Is It Time To File For Bankruptcy?

At King & King in Atlanta, we understand that deciding to file for bankruptcy is a very important decision to make. We are here to help. Scheduling a consultation with a bankruptcy attorney who can analyze your specific facts and go over your options is a great first step. If you are ready for a free consultation, call us at 404-524-6400 for help today. Here a few of the things to review when deciding to file for bankruptcy.

 

What Does Your Debt Problem Look Like?

• Out of control credit card debit

• Medical Debt

• Repossession

• Foreclosure

 

What Happens If You Can’t Pay Your Debt?

• Your creditors can put liens against your assets

• Seize your bank accounts

• Garnish your wages

• Foreclosure

• Repossession

 

What Happens If You File For Bankruptcy?

• Stop all collections against you and your creditors will stop contacting you

• Relieve the legal obligation to pay back your debts

• Allow you to rebuild your credit

• Remove liens against your property

• Stop repossession

• Stop foreclosure

 

Call the experienced bankruptcy staff at King & King to determine if declaring bankruptcy would be in your best interest. King & King will evaluate your situation and determine if Chapter 13 or Chapter 7bankruptcy is right for you. Call our office today at 404-524-6400 to schedule a free, confidential consultation to discuss your options, or feel free to visit us at www.kingandkingattorneys.com. We can help.

Can I Rebuild My Credit After Filing Bankruptcy?

Filing for bankruptcy can give you the fresh start you deserve. When you finish filing for bankruptcy, you no longer owe any money to your creditors. You can live without all the pressure overwhelming debt causes you.

 After bankruptcy you can rebuild your credit. Here are some simple steps to getting your credit score will start to rise.  After as little as 18-24 months, your credit report can be a positive one.

 

Improving Your Credit Score

There are several things you can do to improve your credit score with a bankruptcy discharge on your credit report, including the following.

 

• Acquire a Secured Credit Card. In order to rebuild your credit, you will need to take out loans and pay them on time. A secured credit card gives you credit up to the amount you have in the bank that issues the card.

 

• Take out an Installment Loan. A car loan is a common type of installment loan. You must make your payments on time every single month in order to use your installment loan to rebuild your credit.

 

• Check Your Credit Report. After your bankruptcy has been discharged, check your credit reports. You are looking for errors: debts you have repaid but still appear and any other types of mistakes. Contact the credit agency where the mistake appears to have it corrected.

 

In many ways, once you have completed a filing for Chapter 7 or Chapter 13 bankruptcy your financial future is brighter. It is important that you avoid the mistakes and traps that could get you in trouble again. King & King is dedicated to helping clients file for personal bankruptcy and rebuild their lives afterwards. For a free initial consultation, contact our office at 404-524-6400.

What Should You Do If Your Wages Are Being Garnished?

Wage garnishment causes serious hardship and can make it impossible to get back on top financially. If your wages are currently being subjected to wage garnishment, bankruptcy could be a solution. King & King in Atlanta can help.

 

When can your wages be garnished?

A creditor must obtain a wage garnishment against you in court. Your creditor must then notify the sheriff’s office where you live and provide paperwork proving the ruling against you. The sheriff’s office will then contact your employer, who must garnish your wages.

 

Will I be told that my wages are going to be garnished?

In most cases you will receive a letter to attend the hearing about your debt or by receiving a letter that a creditor has won a judgment against you. If you miss notification by the court, you may be told by your employer.

 

What can I do if my wages are garnished?

Your creditor will continue garnishments until your debt is repaid if you do not act. One effective way to immediately stop wage garnishment is to file bankruptcy. When you file for bankruptcy, you get an automatic stay, which stops all collections, including garnishments. If the debt is charged off or otherwise addressed during bankruptcy, the garnishment cannot be restarted, even when the bankruptcy ends.

 

At King & King bankruptcy attorneys we have been helping people in the state of Georgia stop wage garnishment for over 40 years. Call us today for a free consultation at 404-524-6400. We can help you get the fresh start you deserve.

 

If You File Chapter 13 Bankruptcy, Can You Keep Your Assets?

If you are worrying about losing your car, home, or other assets upon filing for bankruptcy, Chapter 13 may be the better option for you. Chapter 13 reorganizes your debt into a repayment plan and protects your property.

 

If you have a large amount of assets, Chapter 13 bankruptcy offers advantages that may make it suitable. You can save your home, your car, 401k, and more. Your bankruptcy attorney will review your case with you so you can make an informed decision.

 

Another advantage of Chapter 13 is that you know going into it that the repayment plan will work for you because it is built from your current financial situation and income. Under your repayment plan, you may only pay off a portion of some debts but may pay off others entirely.  Each case is different.  Your attorney tailor-makes your case for you, depending on a variety of factors.

 

For most clients, the duration of your repayment plan typically lasts from three to five years. King and King will evaluate your situation and determine if Chapter 13 bankruptcy is right for you. Call our office today at 404-524-6400 to schedule a free, confidential consultation to discuss your options or visit us at www.kingandkingattorneys.com.

Can Bankruptcy Get Rid Of All Your Credit Card Debt?

Bankruptcy can wipe clean your unsecured debt. Here are examples of two types of debt, secured debt which include mortgages and auto loans and unsecured, meaning there is no collateral associated with it. Credit card debt is the most common type of unsecured debt.  King & King can help you get rid of your credit card debt and get a fresh start.

If you qualify for Chapter 7 bankruptcy, you can expect your credit card debt to be eliminated. If you do not qualify for Chapter 7 relief, you have the option to file for chapter 13 bankruptcy. Chapter 13 may be appropriate if your income is too high to qualify for Chapter 7. Chapter 13 bankruptcy would allow you to repay as much of your credit card debt that you can afford to repay based upon your available income, and the remaining amounts would be eliminated.

If you are facing insurmountable credit card debt, King & King can help. Call today at 404-524-6400 for a free consultation. We can help you figure out the best way for you to eliminate credit card debt and get a fresh start. https://kingandkingattorneys.com/

If I File For Bankruptcy In Georgia Will I Lose My Car?

If you are thinking about filing for bankruptcy you may be worried you will lose your car. If you do not own your car, can it be repossessed? Can it be left out of the bankruptcy? King & King is here to help.

 

 

 

 Bankruptcy Can Help You Keep Your Car

If you are filing under Chapter 13 bankruptcy, you will be able to keep your car as long as you keep making your Chapter 13 plan payments and otherwise comply with your bankruptcy plan. Under Chapter 7 bankruptcy, whether you keep your car will depend on your ability to make payments. In Chapter 7 bankruptcy, your attorney can file a “Statement of Intention” indicating whether you want to keep or surrender the vehicle. If you cannot afford the monthly payments on your car loan, then you may consider surrendering the car. The auto loan balance will be fully discharged in your Chapter 7 bankruptcy. Your bankruptcy attorney will work with you to keep your car.

 

King & King has been helping people in Georgia gain a fresh start for over 40 years, and we understand everyone's financial circumstances are unique.  To find out what bankruptcy will mean to you, contact King & King today to schedule a free initial consultation at 404-524-6400.

Is It Hard To Get Approved For Bankruptcy In Georgia?

Medical debts, credit card balances, car loans and other debts can spiral out of control.  It can be overwhelming, stressful and it can happen to anyone. If you are unable to pay your debts, you are most likely eligible for bankruptcy. The bankruptcy attorneys at King and King in Atlanta can help.

Our experienced, professional bankruptcy attorneys understand your situation.  We can help you choose the option that is best for you.  We are here to help and will work with you to improve your financial future.  Even before your bankruptcy petition is filed, our attorneys can help stop all creditor harassment.

In a supportive way, we will help you understand your options, the process of filing for bankruptcy, and help lift the burden of financial uncertainty.  After bankruptcy you can expect:

· Peace of mind

· Renewed confidence

· A end to the calls, emails and letters

· A fresh start

· A promising future

Contact our office today to schedule your free consultation.  With offices in downtown Atlanta and Lawrenceville, we are able to easily accommodate our clients living anywhere throughout the Atlanta metro area.  Give us a call at (404) 524-6400 or visit us at www.kingandkingattorneys.com for more information.