Can You File For Bankruptcy Twice In Georgia?

Millions of people have filed for bankruptcy protection. After receiving a bankruptcy discharge, most people make every effort to stabilize their finances. However, it’s not uncommon for individuals to need to file a second or even a third bankruptcy petition. If you have filed for bankruptcy and need to file again, your eligibility for debt discharge will be influenced by what type of bankruptcy you filed in the past, what type you are filing now, and when you filed the most recent bankruptcy.

Time restrictions on filing bankruptcy:

For Chapter 7 bankruptcy, in most cases you cannot receive the same type of discharge again until 8 years have passed since the date you filed before.

Many people end up needing to refile their Chapter 13 bankruptcies.  The rules on this are complex.  Contact King & King today for a case review.

It Is Possible to File a Different Type of Bankruptcy

If you previously filed Chapter 7, but would like to file Chapter 13 bankruptcy, it is possible to do so. If you previously filed Chapter 13, but now want to file Chapter 7, this is also possible. You may even be able to convert your current active case from Chapter 13 to Chapter 7.  However, there are many intricate rules. Speak to your attorney to find out what your options are for your specific situation.

For more information regarding your rights and options when you are facing bankruptcy, contact King & King bankruptcy attorneys for a free consultation at 404-524-6400 or visit us online at www.kingandkingattorneys.com

How to Clear Medical Debt In Georgia

Large medical debts are one of the most common reasons people consider filing for bankruptcy in Georgia. Even with insurance, an emergency visit to the hospital can cost thousands. Filing for bankruptcy is sometimes the best option for breaking free of medical debt. Your bankruptcy lawyer can help you decide the best option for your situation.

Bankruptcy Can Eliminate Medical Bills

Depending on the type of bankruptcy you qualify for, you may be able to eliminate your medical debt by filing for either Chapter 7 or Chapter 13 bankruptcy.

Chapter 7 Bankruptcy

If you qualify for Chapter 7 bankruptcy, your discharge will wipe out your medical bills along with your other general unsecured debts including credit card debt. There is no limit to the amount of medical debt you can discharge in Chapter 7 bankruptcy.

Chapter 13 Bankruptcy

In Chapter 13 bankruptcy, medical bills and all other general unsecured debts are also dischargeable.  You may not have to pay unsecured debts back at all, or you may just pay a portion.  The amount you pay depends on your income, expenses, and nonexempt assets.

There’s no shame in not being able to pay your medical bills. No matter how high your income or how well-insured you are, expensive medical bills from accidents and illnesses can happen to anyone.

We understand unexpected medical bills are a common reason why people in Georgia and the greater Atlanta area consult bankruptcy lawyers. At King & King, our attorneys understand the difficulties your family is facing. Call us today at 404-524-6400 for a free consultation.

What Can You Keep in Chapter 7 Bankruptcy in Georgia?

If you're thinking of filing for Chapter 7 bankruptcy in Georgia, you may be surprised to find out that much of your personal property will be exempt from liquidation. When bankruptcy works the right way, you will emerge from your bankruptcy debt free, while keeping your home, car, and possessions.

Here is a quick look at property that will likely be exempt from liquidation in your Chapter 7 bankruptcy.

• Your primary motor vehicle. 
• Clothing. 
• Furniture, household goods and other items. 
• Household appliances. 
• Jewelry. 
• Retirement pensions. 
• Equity in your home. 
• Tools of your trade. 
• Social security, disability benefits and other public benefits. 
• Personal injury damage awards.

Qualifying for bankruptcy is the first step you can take towards achieving a fresh financial start. Speak with a knowledgeable bankruptcy attorney from King & King today to get your questions answered with a no-obligation consultation.

Learn more about how to stop your home foreclosure, keep your car from being repossessed, and other important actions you can take to getting your life on track call King & King at 404-524-6400 for help today.