What Can You Keep in Chapter 7 Bankruptcy in Atlanta?

If you are thinking about filing for Chapter 7 bankruptcy in Atlanta, King & King can help. When bankruptcy works the right way, you will emerge from your bankruptcy debt free, while keeping your home, car, and possessions.



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.

Filing For Chapter 13 Bankruptcy in Georgia Can Help You Keep Your House.

As a homeowner in Georgia, if you fall behind on your mortgage payments your mortgage company can begin the foreclosure process. Once this happens, your mortgage company may stop accepting payments until you pay the loan reinstatement amount. This amount can also include any interest, penalties, and legal fees you owe. This amount can quickly become be too much to pay. If you need help, bankruptcy may be the solution you are looking for.

What is the Automatic Stay in Chapter 13 Bankruptcy?

Filing a Chapter 13 bankruptcy triggers an automatic stay. This protection is powerful enough to stop creditor action, including a foreclosure. Once your attorney files your Chapter 13 case, you will set up a payment plan which allows you to pay back your past due mortgage payments over a three-to-five-year period. You will not have to pay the full loan reinstatement amount at one time.

 

If your home is at risk of foreclosure, call the bankruptcy lawyers at King & King for a free consultation. We can help you file for bankruptcy, and ensure that the creditor calls and collection letters stop so you can get the peace of mind you need and deserve. Call us today at 404-524-6400 or visit us at www.kingandkingattorneys.com