Bankruptcy is helpful; its goal is to provide those who file
with a fresh financial start, not to take everything in the process. That’s why
Georgia has specific bankruptcy laws to help protect a consumer’s assets during
the bankruptcy process. The attorneys at King and King can help you protect
your assets and emerge from bankruptcy with many or even all of your assets
intact.
Georgia Bankruptcy
Exemptions
Georgia allows you to choose either state or federal
bankruptcy exemptions depending on your filing status. Our experienced
bankruptcy attorneys will help you determine which property and assets you may
be able to claim and maximize your exemptions. Your qualified exemptions may
include property such as:
·
Trade tools
Regardless of whether you are filing for Chapter 7 or
Chapter 13 bankruptcy, bankruptcy laws entitle you to certain exemptions. We will
work together to ensure accuracy in your bankruptcy forms as we offer you
valuable legal advice and handle all complex issues, including assisting you
with your bankruptcy exemptions.
Protecting Your
Assets During Bankruptcy
In a Chapter 7 bankruptcy non-exempt assets may be sold and
used to pay debt. However, most of our clients filing for Chapter 7 bankruptcy
lose little or nothing throughout the process.
Filing Chapter 13 bankruptcy, may stop a foreclosure or
repossession and allow you to catch up on missed payments, it also creates a
repayment plan for other debts. Most clients who file Chapter 13 bankruptcy
keep all of their property.
Every case is unique. Seeking legal advice in order to get
the most accurate answers to your questions about bankruptcy is the first step.
If your ready to learn more about how we can help you protect your personal
property, or if you’d like to find out what you can keep during bankruptcy,
contact King and King today for a free initial consultation 404-524-6400 or www.kingandkingattorneys.com
