Monday, January 13, 2014

How Will Bankruptcy in Georgia Affect My Future Finances?

After your bankruptcy you have a fresh start. Your credit rating, which for most people who are filing bankruptcy was already low, will start to improve.

When you file for Chapter 7 or Chapter 13 bankruptcy your credit actually improves. Your creditors can no longer pursue you. A large part of your debt will most likely be discharged. In a Chapter 13 bankruptcy, you will have time to work toward repaying your debt (usually just secured debt like mortgage arrears or a car payment). If you file Chapter 7, you will be ineligible to file another Chapter 7 for eight years.  These facts mean that you become less of a loan default risk than you were before your bankruptcy filing.

Generally, the more time that has elapsed since your bankruptcy discharge and the faster you establish a positive payment history, the quicker your credit score will improve.

Questions about rebuilding your credit? Call the bankruptcy attorneys at King and King for a free consultation. From establishing credit to obtaining a home loan after bankruptcy, they can answer your questions.  Call us at 404-524-6400 or visit

Will Filing Bankruptcy in Georgia Stop My Creditors From Harassing Me?

When you are behind on credit card payments, medical bills, your mortgage or other bills, creditor phone calls become a daily aggravation. The good news is: filing for bankruptcy immediately stops creditors from all collections, lawsuits, garnishments and all other legal action or from even contacting you!  King and King can help.

When your bankruptcy is filed, an “automatic stay” is put into place by the court. The automatic stay provides immediate protection from creditors. It stops the calls and also helps in the following ways:

  • Stops Car Repossession
  • Stops Home Foreclosure
  • Stops Lawsuits
  • Stops Garnishment
  • Stops Creditor Harassment

If you are looking for relief from harassing calls and letters from your creditors, we are here to help. We serve clients in Atlanta and throughout the state of Georgia. To schedule a free consultation, call King and King bankruptcy attorneys at 404-524-6400 or visit us at

Can Bankruptcy Help With My Medical Bills?

Car accidents, ongoing illness, and medical conditions are situations that people are facing every day, and they aren’t really things that we can control. We understand your health and the health of your loved ones is a main priority. However, what do you do when you face the tough situation of getting medical bills every month that you can’t pay for? What happens when years later the bills are weighing you down and you can’t keep up?

The good news is, medical debt is very easily discharged in bankruptcy. It is also one of the most common reasons people file bankruptcy. If you are not current on installment payments, an insurance claim is pending or you are being garnished, medical debt collection stops as soon as you file your case.

Bankruptcy due to medical issues can become more of a necessity than an option. What kind of bankruptcy should you file for? How does bankruptcy work?
King and King can answer your questions during your free consultation. Call us at 404-524-6400 or visit us at for more information.

Wednesday, January 8, 2014

What Are Some Common Bankruptcy Exemptions?

King and King bankruptcy attorneys in Atlanta will use Georgia state law to protect your personal property. Listed below are some of the most common types of exemptions that our bankruptcy attorneys will use to help you keep your personal possessions.

Our attorneys want you to consider these exemptions as you're contemplating whether or not to file Chapter 7 or Chapter 13. Our bankruptcy attorneys will provide you with a consultation to explain how each could or could not apply to your particular case. In addition, our bankruptcy attorneys may also be able to use other bankruptcy exemptions that do not appear on this list.

Motor Vehicle Exemption -- Your bankruptcy attorneys will use this exemption to protect motor vehicles listed in your bankruptcy.

Home Exemption -- This exemption can be used to protect the equity in your home and its improvements, your land, and/or your mobile home.

Household Goods Exemption -- This exemption allows your bankruptcy lawyers to protect your interest in your valued household goods, appliances, furniture, and home and yard equipment.

Life Insurance Proceeds Exemption -- This exemption can be used to protect a payment under a life insurance contract that insured the life of an individual of whom you were a dependent, to the extent reasonably necessary for your support or the support of your dependent(s).

Retirement Plan Exemption -- Your lawyers can prevent creditors from touching the proceeds of your hard-earned retirement plan.

Professional Tools of the Trade -- This is a useful exemption that can be used to protect the tools you use in your profession.

Wildcard Exemption -- The "wildcard" exemption permits you to protect your property not covered by any of the other exemptions.

These are just a few of the exemptions that will put you back in the black after your bankruptcy. Call the experienced lawyers of King and King today for a free consultation. 404-524-6400 or visit