Monday, November 24, 2014

Will All My Debts Be Eliminated In a Chapter 7 Bankruptcy?

Chapter 7 bankruptcy can also referred to as debt elimination or debt liquidation bankruptcy because the debtor is freed from liability of all of his or her unsecured debts upon discharge of the case.

Most unsecured debts are dischargeable in a Chapter 7 bankruptcy filed in Georgia.  Income taxes and overpayments are sometimes dischargeable as well.   There are a number of debts that cannot be discharged in a bankruptcy.  Some examples of these debts include:  most student loans, government fines, and restitution. We will be happy to discuss your case with you to determine which of your debts will be eliminated, based on your unique situation.

A Chapter 7 bankruptcy is usually about a 4 month process. This allows you to wipe out all your debt at once and start rebuilding your credit right away.

Filing a Chapter 7 bankruptcy will stop the creditor calls, judgments, wage garnishments, bank levies, and enable you to get the fresh financial start you need and deserve! Stop wondering how to become debt free and find the answers you need to get there. Call King and King for a free consultation at 404-524-6400 or visit us at for more information.

Friday, November 21, 2014

Life After Filing Bankruptcy In Georgia

There is life after bankruptcy. At King and King, we provide practical support and coaching to help you navigate the process of repairing and building your credit. If you fully embrace your bankruptcy as the “fresh start” it is, you can position yourself to begin building real financial security, protecting yourself against future financial chaos, and living life without all the stress that comes from overwhelming debt.

Believe it or not, if you follow some simple advice you can qualify for good to great interest rates within a year—saving you money on credit cards and loans—and can even qualify for a home mortgage within two years. Here are some of the ways you can restore your credit score after bankruptcy:

Paying all your bills on time. This will take careful budgeting and tracking on your part.
Obtaining a secured credit card, then charging small amounts each month and repaying as agreed.
Signing a lease on a rental home, then paying your rent on time each month.
Reviewing your credit report annually to make sure there aren't any errors.
For some clients, buying a home within two years after your bankruptcy, then paying your mortgage on time each month is an option.

It’s a common myth that just because your bankruptcy appears on your credit report for up to 10 years, you won’t be able to buy a home for 10 years.  Not true! In fact, it’s possible to qualify for a mortgage within two years after filing for bankruptcy. An FHA (Federal Housing Administration) loan, which is ideal for people coming out of bankruptcy, is often more flexible than a loan offered by traditional lenders.

With your overwhelming debt behind you, a solid budget guiding you, and the responsible use of credit helping you rebuild your credit score, life after bankruptcy can be extremely freeing and rewarding. If you’re ready to get your financial life back on track, call King and King today at 404-524-6400 for a free consultation or visit us at 

Monday, November 17, 2014

How Does Bankruptcy In Georgia Work?

The attorneys at King and King have spent countless hours in Georgia bankruptcy courts. We know the regulations, and we know the process. There are some significant differences between filing for Chapter 7 and Chapter 13 bankruptcy but, in general, here’s what you can expect from the process of filing for bankruptcy:

The process of bankruptcy is governed by federal rules as well as local bankruptcy court rules.
For Chapters 7 and 13, you’ll be assigned a trustee. This person has various administrative responsibilities depending on the chapter you’re filing and your specific situation. We can help you understand the role that your trustee will play in your case.

While you will need to attend one meeting in court, known as the meeting of creditors, you may not have to appear in court again. Sometimes—like when an objection is raised or if a plan confirmation hearing is required—you may need to come to court, but this isn't common. Again, we will be with you every step of the way to guide you through the process.

When your debts have been discharged, you’ll be free from personal liability from specific debts. From that point on, creditors won’t be able to take any action against you in an effort to collect on those debts.

Filing for bankruptcy can work. We have helped thousands of people just like you. As one of Georgia’s premier bankruptcy lawyers, we can get your financial life back on track. Call King and King at 404-524-6400 or visit us at for a free consultation today.

Thursday, November 13, 2014

Can Bankruptcy Help With Payday Loans in Georgia?

 Payday lenders are predatory and for most people they have to take out another loan as soon as they have paid off the previous loan. Filing bankruptcy can eliminate payday loans quickly and completely.

Payday loans (aka cash advance loans or check advance loans) are a horrible trap to fall into. The interest rate they charge you is outrageous. Payday loan companies prey on people who have fallen on tough times. King and King can help you stop the payday loans from collecting against you.

If you file bankruptcy– either Chapter 7 or Chapter 13– the whole problem goes away. In fact, for most people, most all of your debts will go away.

We can help you take back control of your life, get peace of mind and reduce your stress. You have rights and protection under the law. Call our office for a free initial meeting to discuss your case at 404-524-6400 or visit us at