If you need long-term relief from having to pay debts you can’t handle King & King can help. Bankruptcy provides both immediate and long-term relief. Filing bankruptcy in Georgia can give you immediate and long-term relief from your creditors.
Bankruptcy can often also give you some other rather amazing
benefits, beyond the basic relief you expect. Here are just a few benefits of
bankruptcy:
1. Recently Garnished By a Creditor? You may get money
back.
Through “preference” law, you could get back money that was
recently garnished
by a creditor.
2. Undo Liens on Your Home
Through judgment lien “avoidance” you can often
permanently remove
a judgment lien, a tremendous practical benefit.
3. Reinstate Your Driver’s License from Failing to Pay
Tickets
Reinstate your license if it’s been suspended for unpaid
traffic infractions.
4. Get Back Your Just-Repossessed Vehicle
Filing bankruptcy not only prevents vehicle
repossession. You may be able to get your vehicle back after it has been
repossessed. But, you must act quickly.
5. “Cram down” and Change the Payment Terms of Your
Vehicle Loan
If your vehicle loan is more than two and a half years old,
you may be able to reduce both your interest rate and the amount you have to
pay back on the loan. You can reduce the total amount to the value
of the car, not the outstanding balance on the loan (often much
higher). This is called “cram down.”
6. Get Out of Your Vehicle Lease through Bankruptcy
Leasing is often an efficient way to have a vehicle
short-term, but is actually usually the most expensive long-term. Bankruptcy
can be the best way to get out of this expensive obligation.
If you are thinking about filing bankruptcy, the first thing you need to know is that you’re not alone. The compassionate and experienced bankruptcy lawyers at King & King will help you through the bad times and plan for much better times. Call us at 404-524-6400 for a free consultation today or visit our website at kingandkingattorneys.com for more information.
