Wednesday, December 19, 2018

How Can Bankruptcy Stop Your Car From Being Repossessed?


This can be a difficult time of the year for many families. You may be having trouble paying your bills, but you still want your family have a great holiday season. This may mean you spend more money than you should, and suddenly it’s easy to find you are facing serious debt problems. There is help.



First, be careful about how you approach your financial situation. Certain car creditors may be more aggressive than others. If you miss a car payment, the lender may repossess your car, which can make a difficult financial position much worse.

If your car is repossessed, the lender can sell the car and use the money to pay off the balance of the loan. If more funds are still owed, the lender can sue you for the outstanding amount. This means you may still be making payments on a car that you no longer have.  Your wages can also be garnished in this situation.

If you find yourself in this situation you have options. You can work with your lender to try to find a more manageable payment schedule or other type of loan modification. You can also take advantage of bankruptcy.

Under the “Automatic Stay” in Chapter 13 bankruptcy, any collections or repossession actions against you must stop. This allows you an opportunity to design a plan to meet your financial obligations, including car payments. You will be able to keep certain property, including vehicles, which is extremely helpful.

Filing bankruptcy means you can keep your car and start on the road to a better financial future. The experienced Georgia bankruptcy attorneys at King & King will analyze your specific situation and help you develop a plan that meets your needs. Call us today at 404-524-6400  for a free consultation.


Monday, December 10, 2018

Bankruptcy Can Help You Deal with Medical Debt In Georgia


Medical bills continue to be one of most common reasons why people file bankruptcy in Georgia. Even when you have health care coverage, it can be impossible to pay co-pays for doctor visits, prescription medications, and make payments on bills your insurance does not cover. People all over Georgia continue to juggle their finances by trying to make payments on credit card debt, mortgage and vehicle payments, utilities, and groceries all while trying to cover unexpected medical expenses. When it becomes too much to handle, the bankruptcy attorneys at King & King can help.



Bankruptcy can clear your debt. Chapter 7 bankruptcy eliminates unsecured debts such as credit card bills, personal loans, broken leases and medical bills. Chapter 13 bankruptcy reorganizes debts into an affordable monthly plan that allows you to make payments based on your income ability. Chapter 13 also helps stop foreclosure, repossession and more. Your bankruptcy attorney can help you decide which chapter is best for you. Both chapters put a stop to all collections.

When you or a loved one is dealing with an illness or other health concerns, the last thing you want to worry about is how bills will be paid. This is when an experienced bankruptcy attorney at King & King can help you find an appropriate solution to your situation.

If you are dealing with medical debt or find it is becoming increasingly difficult to make necessary monthly payments because of medical bills, call King & King to schedule a free consultation today at 404-524-6400.


Wednesday, December 5, 2018

3 Steps To Stop Wage Garnishment in Georgia Today


In Georgia, garnishment is not something that can happen overnight in most cases. In order to take a portion of your wages, your creditor needs an order from the court. To obtain this order, the creditor must first sue you for the debt, win the lawsuit and obtain a judgment. Having prevailed in the lawsuit, your creditor may then ask the court to allow your wages to be garnished. However, in some cases this may happen without your knowledge. Here are 3 steps to stop wage garnishment in Georgia.



1. Call King & King to schedule an appointment. We will see you as soon as possible and inform you of the next steps during your free consultation with a skilled attorney.

2. Bring your paperwork to the appointment. We will let you know in advance the paperwork we may need to stop your garnishment, so be sure to bring what you can.

3. We can file your bankruptcy the same day (business hours allowing) and contact your creditor and payroll department for you to stop the garnishment.

At King & King, we take the time to understand your needs and answer all of your questions. While we want to solve your problem quickly, it’s important that you are comfortable with the process, and understand how it will impact you. These thoughtful conversations enable us to ensure the best possible outcomes. Call King & King bankruptcy attorneys today at 404-524-6400 to schedule an appointment so we can assess your financial situation and recommend the best way for you to get your affairs back on track.