Bankruptcy Can Help With Your Medical Bills In Georgia.

Medical bills can quickly add up. In Georgia, medical debt is one of the leading causes of bankruptcy.  Fortunately, you can wipe out medical bills by filing bankruptcy. They are a class of debt in bankruptcy knows as “unsecured debt.”

An attorney at King and King can review your situation and explain your bankruptcy options. For many people, this means filing for a Chapter 7 bankruptcy, which will completely eliminate many types of unsecured debts, such as medical bills and credit card bills. Most filers are able to keep all of their property.

You may also qualify for a Chapter 13 bankruptcy. This can also eliminate or reduce your unsecured debts, including your medical bills. You can also stop foreclosure and sometimes eliminate second mortgages. Your bankruptcy attorney will be able to help you decide which is right for you.

You Can Still Obtain Medical Care

You will still be able to get the treatment you need. Your ability to obtain medical care will not be affected when you file for bankruptcy.

If you’re struggling with overwhelming medical debt, King & King can help. Call us today at 404-524-6400 for a free consultation or visit us online at www.kingandkingattorneys.com

Can Bankruptcy Help Me With Taxes In Georgia?

It is a common myth that bankruptcy can’t eliminate the taxes you owe when, in fact, the Bankruptcy Code provides most residents of Georgia with some form of income tax relief. The extent of your tax relief will depend on the nature of the tax liability and the type of bankruptcy filing. The bankruptcy attorneys at King & King can answer any questions you may have. 

 

Determining if Bankruptcy can Discharge Your Tax Debt

There are some instances where you may able to have your tax debt discharged. At King and King, we can meet with you and help determine whether your tax debts can be discharged through Chapter 7 bankruptcy, or Chapter13 bankruptcy. Your Tax debt may be eligible for discharge if:

1. Your tax debt is not tied to a fraudulent tax return

2. You have not been charged with tax evasion

3. Your unpaid taxes are from an income tax return that is at least three years old

4. Your tax debt is related a to a return filed at least two years ago

5. Your unpaid taxes may also lead the IRS to assess you monetary penalties.

Our experienced tax attorneys can review your situation to see if it is possible to reduce or eliminate your outstanding penalties related to unpaid taxes.

 

If you or a loved one is considering filing for bankruptcy and need help with the tax implications, contact King and King at 404-524-6400 for a free initial consultation.