If you’re currently thinking about filing for bankruptcy in Georgia, you are probably feeling a bit apprehensive or worried about what will
happen once you file. It might seem overwhelming, but bankruptcy has given
countless Georgians the chance to rebuild their credit and their lives. You too
can get your life back on track quickly.
While each case that we see at the bankruptcy offices of King& King is different and each form of bankruptcy (Chapter 7, Chapter 13) is
also different, once your debts are discharged through bankruptcy, you can
begin saving money and establishing your credit once again. In most cases, your
credit rating improves immediately because the old debt is no longer on your
credit report.
What happens when you file for bankruptcy? First of all, the
bankruptcy court will mail each of your creditors a “Notice of Commencement of
Case,” which will tell them that you have filed for bankruptcy. This notice
will also inform you of the date for the first meeting of creditors, which will
happen about 30 to 40 days after you file. You will be required to attend this
hearing and your attorney will walk you through the process. At this meeting,
the trustee will ask you questions regarding your bankruptcy papers, your
debts, assets, and other financial information. If you file under Chapter 7,
the Bankruptcy Court enters an Order of Discharge 60 to 75 days after this
hearing takes place. If you file for Chapter 13, the court will enter an order
confirming your plan as soon as you meet the requirements. Then, you will
receive your discharge once the plan is complete.
It might seem like a difficult process, but your King &
King attorney will be there every step of the way to make it a stress-free
situation. After you file for bankruptcy, you can look forward to a brighter
future that includes rebuilding your credit, and living a life unburdened with
debt.
If you are ready to take the next step, call King & King
bankruptcy attorneys today for a free consultation at 404-524-6400 or visit us
online at www.kingandkingattorneys.com
for more information.
