Should You File For Bankruptcy?

At King & King, we understand that deciding whether or not to file for bankruptcy in Georgia is a very important decision to make. That’s why we recommend scheduling a consultation with a bankruptcy attorney who can analyze your specific facts and go over your options. If you are ready for a free consultation, call us at 404-524-6400 for help today. Here a few of the things to review when deciding to file for bankruptcy. 

What Are Your Debt Problems?

• Out of control credit card debit

• Medical Debt

• Repossession

• Foreclosure

What Happens If You Don’t Pay Your Debt?

• Your creditors can put liens against your assets

• Seize your bank accounts

• Garnish your wages

• Foreclosure

• Repossession

What Happens If You File For Bankruptcy?

• Stop all collections against you and your creditors will stop contacting you

• Relieve the legal obligation to pay back your debts

• Allow you to rebuild your credit

• Remove liens against your property

• Stop repossession

• Stop foreclosure

Call the experienced bankruptcy staff at King & King to determine whether declaring a bankruptcy case would be in your best interest. King & King will evaluate your situation and determine if Chapter 13 or Chapter 7 bankruptcy is right for you. Call our office today at 404-524-6400 to schedule a free, confidential consultation to discuss your options, or feel free to visit us at www.kingandkingattorneys.com.

How Can Bankruptcy Stop Foreclosure In Georgia?

Many people who are considering bankruptcy fear that they will lose the things that they hold most dear when they file. One of the biggest of these worries is whether you can keep your home, especially if the home is in danger of foreclosure.

Bankruptcy can stop foreclosure, and it is possible for you to keep your home.

The Automatic Stay

One of the benefits of filing for bankruptcy is the automatic stay. In both Chapter 7 and Chapter 13 bankruptcy filings, the automatic stay is a court-ordered injunction that begins as soon as the bankruptcy case has been filed. The automatic stay stops all collection actions by creditors against the debtor. Foreclosure proceedings are included in that group of collection actions that are stopped.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy proceedings allow you to repay past-due mortgage payments a little bit at a time over several years rather than forcing a lump sum up front. If you can remain current on the monthly plan and mortgage payments, you should be able to keep your home.

Contact King & King For a Free Consultation Today

An experienced Georgia bankruptcy lawyer can help you determine the best way to stop a foreclosure, help you utilize the best exemptions to protect your property, and can help address any concerns you have about the bankruptcy process.

Call King & King today at 404-524-6400 to schedule a free consultation to discuss how bankruptcy may help you.

Do You Get Out Of All Debts If You Declare Bankruptcy?

If you are struggling with debt in Georgia, you are not alone. Most people fall behind on their bills at some point in their lives. Don’t worry—you can get help.

Bankruptcy may be the answer to your problems. Speaking with an experienced attorney will give you a better idea of how bankruptcy can help your specific situation. Chapter 7 bankruptcy is a legal process that can remove most debts and give you a fresh start, but there are some debts you may have to set up a payment plan to pay off. 

The debts that bankruptcy can help with are known as unsecured debt. If you have these kinds of debts, filing bankruptcy will most likely wipe them out:

credit card bills
medical bills
utility bills
personal loans
stale tax debt
Broken leases

The rules are different for other debts, such as:

child support
alimony
recent tax debt
federally-insured student loans

Bankruptcy can also provide relief from your secured creditors, like for your home or for your car.  If you live in Georgia and are looking for a bankruptcy lawyer to help you get out from under your debt, call King & King at 404-524-6400 for a free consultation.  We will review your debt and guide you to the most effective bankruptcy to file. Begin your journey to a fresh start today.