Thinking about bankruptcy? The bankruptcy lawyers at King and King LLC in Atlanta, Georgia can help. Call 404-524-6400 for a free bankruptcy consultation.
Consideringfiling for bankruptcyin 2024? Most people are unsure of the process and unsure of the outcome. The surprising fact is that most people are able to quickly rebound to get their credit and life back on track.
First we need to decide whether you file Chapter 7 or Chapter 13 bankruptcy. We treat every case as a unique case because each case is unique. We can help you get the facts about what your situation is when you speak with one of the lawyers at King & King. Your initial consultation is always provided free of charge.
What can bankruptcy can do for you?
You can improve your credit after filing bankruptcy.
After your debts are discharged through bankruptcy, you can start saving money and planning for the future.
To fully understand Georgia bankruptcy laws, and how they can impact your debt and improve your life, speak to the attorneys at King & King today by calling 404-524-6400 or visit us online at www.kingandkingattorneys.com
If you're thinking of filing for Chapter 7 bankruptcy in Georgia, you
may be surprised to find out that much of your personal property will be exempt
from liquidation. When bankruptcy works the right way, you will emerge from
your bankruptcy debt free, while keeping your home, car, and possessions.
Here is a quick look at property that will likely be exempt
from liquidation in your Chapter 7 bankruptcy.
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.
The Means Test is a complicated calculation that the Georgia
bankruptcy court uses to ensure that bankruptcy cases are filed as the correct
chapter. If you have an income that is higher than the median income level for
your household, then the Means Test will tell you if you are eligible for
chapter 7 bankruptcy.
Who is required to
take the Means Test?
If you are a debtor that has an income that’s greater than
the state of Georgia’s median income level for a household of your size, then
you’re required to take the Means Test. In Georgia, the exact amount of the
state’s median income level changes yearly and the amount increases depending
on the amount of earners there are in a home. For exact numbers, contact King
& King and ask for information about the current Means Test. Do not worry: many people who are above the
median income level for their household size may still “pass” the Means Test
and be able to file a Chapter 7. Have a
skilled attorney help you complete the Means Test.
Who isn’t required to
take the Means Test?
If your income is below the Georgia state median then you
don’t have to take the Means Test, you automatically qualify to file Chapter 7 bankruptcy.
There are others who don’t have to take the Means Test
including disabled veterans, and men and women are on active duty with any
military branch.
What should be simple sometimes isn’t – the Means Test can
be complicated. There are actually a number of other issues that can affect it.
For example, what exactly is income? And what expenses can be claimed? What if
you have a special circumstance? These and other complexities of bankruptcy are
the reason that working with a trustworthy bankruptcy attorney is so important.
Call King & King bankruptcy attorneys for your free
consultation. We can discuss the best options for your unique situation and
answer and questions you may have about the Means Test. Your fresh start can
begin today 404-524-6400.
Once your bankruptcy has been discharged, you’ll have the
chance to start fresh. At King & King, it’s true that we want to help you
move forward with your bankruptcy, but we also want to help you set yourself up
for future success. Here are three things we recommend you do once your
bankruptcy has been discharged.
Have an accurate credit
report
Two to three months after your bankruptcy has been
discharged, request a new credit report. Make sure that each and every creditor
who was discharged reported you with either a closed account or a balance of
$0.00. If you see that there are errors, then you’ll need to contact the credit
reporting agency in writing. When you do so, be sure to include evidence, like
your discharge order.
When the credit agency receives this correspondence, they
have 30 days to verify the information with the creditor in question. If the
creditor can’t verify that the balance they’re showing is accurate, then the
credit agency will remove the reporting. It’s also a good idea to contact the
creditor in writing as well.
Rebuild your credit
Many people are surprised to learn that once their
bankruptcy is discharged, they’re likely to get post-bankruptcy options from credit
card companies. The best way to use these cards to improve your credit is to
choose one card, use it for small purchases and repay it in full every month.
This can be an effective way to start rebuilding your credit.
If you’re in need of a car, consider getting vehicle
financing. Many financial companies will offer you credit even though you’ve
just been through a bankruptcy. However, they may charge higher interest rates.
To avoid this, you can add a cosigner. Rebuilding your credit can put you in a position
to buy a home in as early as two years after filing bankruptcy.
Create a budget
Most people who hire King & King file bankruptcy because
they’ve had something unforeseen come up, whether they lost their job, had
unexpected medical bills, a death in the family, or some other unforeseen
circumstance. Now that those issues are behind them, it’s time to get back on
track and live within their means. This means taking into account having
savings for emergencies, saving for retirement, and long term goals.
If you’re ready to declare bankruptcy, then we’re ready to
hear from you.
When you work with the right bankruptcy attorney, you can
trust that they’ll help you through the process from start to finish. That’s
exactly what you’ll get with the attorneys at King & King. When you have
your free initial consultation, we’ll be honest and upfront about your options
and will offer our advice on how you can best move forward. Call us at
404-524-6400 today for more information.
Credit card debt can quickly become overwhelming.
Fortunately, you don’t have to live with credit card debt forever. King & King can help you eliminate your debts and put you on a path to a brighter financial
future. Here are a few strategies for
climbing out of credit card debt.
Make a Budget
If your credit card debt is growing but not yet
overwhelming, and you have a steady income that is adequate to your needs, you
may be able to get out of debt by creating a budget. Put a larger amount of
your income towards your credit card balance until the card is paid off. For
this strategy to work, put a hold on making any new purchases on your cards.
Consolidate Your
Cards
If you have good credit, you may be able to sign up for a
new card that offers 0% interest for an introductory period. Transferring your
existing balances to such a card can be an excellent strategy for cutting down
your credit card debt. If you can’t open a new card with a 0% interest rate,
consider consolidating as much of your debts as possible onto whichever card
has the lowest interest rate. This will enable you to reduce the rate at which
your debt will grow while you attempt to repay it.
Work Out a Debt
Settlement
If your credit card debt has already gone into collections,
you can consider working out a debt settlement with the collection agency. If
you can repay 50 percent of the balance within a year or two, the collection
agency may accept your offer.
File Chapter 7 Bankruptcy
Chapter 7 bankruptcy will completely wipe out your unsecured
debts including credit card debts and stop creditors from contacting you. You
can typically complete a Chapter 7 bankruptcy without liquefying your personal
assets. If you decide to pursue bankruptcy, be sure to hire a bankruptcy
attorney to help you.
If you’re tired of living with debt, if you feel like
there’s no way out but you need help, then today is the day to call King &
King at 404-524-6400 for a free consultation. We are experts in helping people
just like you find the best way to move forward from being overwhelmed with
debt.
Chapter 7 bankruptcy is often referred to as a “fresh start”
bankruptcy. The reason is most unsecured debts are discharged and you are left
debt free. After your initial free consultation we can tell you whether you qualify
for Chapter 7 or not. The good news is most clients qualify. Chapter 7 will
also immediately stop collection harassment, wage garnishment and bank account
seizures. Once we file your case, your creditors must stop any action to
collect a debt from you.
To determine if you qualify we look at 4 important questions:
1. Your monthly income and expenses.
First we make sure you can pass the Means Test, which looks
at your income over the past six months and then compares that income to a
household of your size in Georgia. Most clients pass the means test. We also
will review your specific income and expenses to ensure your budget qualifies
you to file Chapter 7.
2. Assets.
We inventory and value your assets. We will review real estate, automobiles, and other personal property of high value. We then protect
these assets by using the exemptions that Georgia bankruptcy law and federal
bankruptcy law allow.
3. Creditors.
Your attorney will examine your debt and determine how each
of your creditors will be affected by your bankruptcy case. Most debt – such as
credit card debt, medical bills, unsecured loans, second mortgages, and payday
loans can be completely wiped out.
4. Timing.
We will fast-track your bankruptcy case to be filed if you
are facing garnishment, foreclosure, or some other legal action.
Struggling with debt can be overwhelming. If you’re ready to get your life back,
contact King & King and schedule a free consultation with one of our bankruptcy
attorneys at 404-524-6400. We can help
you protect your home, your vehicles, and in most cases, everything else you
own.
If your debt is out of control and you have no way to pay it
off, bankruptcy can be a positive solution. King & King can help you
discharge or eliminate your debts and obtain a clean financial slate.
If you have taken advantage of bankruptcy in the past, but
you have found yourself in the position of needing debt relief again, you may
be wondering if you are eligible to file for bankruptcy again. The answer is
yes. The type of bankruptcy you filed before will have an impact on both the
type of bankruptcy protection you may be eligible to seek and how long you need
to wait before you can file again.
Generally, the rules for filing a second bankruptcy are as
follows:
If you filed Chapter 7, you will have to wait 8 years before
filing Chapter 7 again.
If you filed Chapter 7, you may file another Chapter 13, but
you may not be eligible for a discharge until 4 years have passed.
Every situation is different and speaking to a qualified
bankruptcy attorney should be your next step. Our attorneys will be able to
review your current situation and advise you of the bankruptcy options
available to you. Call King & King bankruptcy attorneys today for a free
initial consultation. 404-524-6400 or visit us online at www.kingandkingattorneys.com for
more information.
Many types of debts, including medical bills and credit card
debt, may be discharged when you file for Chapter 7 or 13 bankruptcy in Georgia. When a debt is discharged, the
debt is forgiven. Put simply: you are relieved of legal responsibility and will
never need to repay the debt.
Your creditors will be prohibited from suing you
or taking legal action to collect the debt. They are also prohibited from
calling you, sending your demand letters, or harassing you in any way.
Filing for bankruptcy is not a decision to be taken lightly.
Your first step should be to consult with a bankruptcy attorney in order to
ensure that the bankruptcy filing goes as smoothly as possible. With the right
attorney, your debts can be eliminated, allowing for a clean financial start.
If you’re ready to talk to an attorney about what bankruptcy
can do for you, call King and King at 404-524-6400 or visit us online at www.kingandkingattorneys.com
today for more information.
Are you concerned how filing for bankruptcy will affect your
future? If so you are not alone. Falling
behind on your financial obligations can leave you feeling confused, angry and
helpless. Whether you have lost your job, experienced an increase in your
mortgage rate or are unable to work due to injury, bankruptcy can put your
financial situation back on track.
Filing for bankruptcy will put an end to creditor harassment. After you have filed for
bankruptcy your creditors will not be able to contact you anymore. In fact, after you have filed for bankruptcy
you will never have to make direct contact with your creditors again.
Filing for bankruptcy can stop foreclosure. If you are facing foreclosure, you should
speak with Mike about filing for Chapter 13 bankruptcy. After filing for Chapter 13, an “Automatic
Stay” will come into effect that will halt the foreclosure process.
Filing for bankruptcy will eliminate the stress, anxiety,
and frustration that have been weighing you down.
But perhaps the number one benefit of bankruptcy is the
fresh financial start you’ll be given.
After so much time spent worrying how you will pay back your debt, you
can finally move forward with a clean slate.
The attorneys at King and King understand how difficult it
can be to deal with overwhelming debt. Fortunately, we also understand the
options you have available to you to end your debt woes.
A question we hear from many clients is, “What can I keep
after bankruptcy?” When you file for bankruptcy, bankruptcy laws allow you to
keep certain property by labeling that property as exempt. These exemptions can
be either straightforward or complex depending on the property itself. This is
one of the many reasons to hire an experienced attorney who can guide you
through your entire bankruptcy process.
At King and King, our approach is to protect all of our
client’s assets while in bankruptcy. For the majority of our clients, we can
protect everything. Deciding if Chapter 7 or Chapter 13 bankruptcy is right for
you is part of that process. It’s easy to be misled by internet research or
news stories. We offer free consultations where you can get the answers you
need to make the right decision for you.
With the help of an experienced attorney from King and
King, you can come out of bankruptcy in far better financial shape then you
were in before. Call us today for a free consultation at 404-524-6400 or visit
us online at www.kingandkingattorneys.com.
Prior to filing bankruptcy there are some smart ways to use
your money. However it’s very important to understand what you can spend money
on and what the courts will not consider exempt. We recommend consulting with your attorney before making these decisions.
Bankruptcy laws in Georgia allow you to plan prior to filing bankruptcy. You are also allowed to
maximize the exemptions which can increase the property you get to keep. This includes converting non-exempt assess
(such as cash) into exempt assets (like appliances or clothing). Making smart
purchases with your money prior to filing can help you transition out of
bankruptcy and help reduce the amount of cash that can become part of your
bankruptcy estate.
Some exempt assets to consider purchasing prior to filing
bankruptcy include:
Most major appliances (not
including televisions)
Beds and bedding
Clothing and shoes
Food
Back payments on secured assets
such as cars or homes
Bringing utility payments current
Necessary and current bills such
as rent or cell phone bills
Items you should not spend money on prior to filing
bankruptcy include:
Vacations or any travel
Jewelry or other luxury items
Televisions
Recreational Vehicles
There are many other items not considered exempt. Call King and King in Atlanta today for a free
consultation at 404-524-6400 or visit us at www.kingandkingattorneys.com for
more information.
Facing bankruptcy can be incredibly intimidating. If you are
currently considering filing bankruptcy in order to gain control of your debts,
King and King’s experienced and supportive bankruptcy attorneys are here to
help you throughout every step of your bankruptcy process.
Bankruptcy is
regarded as the ultimate debt relief solution. It is a legal process which
promises a fresh financial start by eliminating your outstanding debts.
If you answer yes to a few of the following questions it may
be time to schedule a free consultation with a King and King attorney.
Are you are unemployed or have lost your job recently?
Are you only able to make minimum payments on your credit
cards?
Are creditors calling you?
Does the thought of your finances make you feel out of
control?
Do you use credit cards to pay for necessities?
Are you considering debt consolidation?
Are you unsure how much you owe?
The attorneys at King and King use more than 30 years of
experience to help you determine which type of bankruptcy to file and how best
to protect your assets. If you are ready to get your finances under control
call King and King today at 404-524-6400 to schedule your free consultation or
visit us online at www.kingandkingattorneys.com
for more information.
The answer is yes, and you’re not alone. According to recent
research submitted to the National Bureau of Economic Research, approximately
200,000 Americans will use their tax refunds to pay for bankruptcy filing this
year. For many Georgians who have seen
their debt go out of control due to events like job loss, foreclosure, or
medical emergencies, filing bankruptcy is an excellent way to get a fresh
start.
A common question is: should you file your taxes before you
file for bankruptcy? In most cases if you are expecting a refund the answer is
yes.
Bankruptcy can be a complicated process; the experienced attorneys at King
and King are available to answer questions about your unique situation during
your free bankruptcy consultation. Your attorney will also help you decide if
you should file Chapter 7 bankruptcy or Chapter 13 bankruptcy, and how best to
protect your assets.
If you’re ready to get your financial future under control,
call King and King at 404-524-6400 for a free consultation today or visit us at
www.kingandkingattorneys.com
for more information.
If you’re thinking about filing for bankruptcy in Georgia,
then you’re most likely wondering what types of debts you will be able to
discharge. Your bankruptcy discharge releases you from personal liability for
certain types of debts. This means that once a debt is "discharged" through bankruptcy, you’re no longer legally required to pay those debts.
The
discharge itself is a permanent order that prohibits creditors from collecting
on debts, or contacting you through phone calls and letters. Most debts are
dischargeable. However, not all debts
can be discharged through bankruptcy.
The most common types of non-dischargeable debts include the
following:
Some tax debts (especially debts for recently-filed tax
returns)
Child support
Spousal support or alimony
Debts from malicious injuries to persons or property
Government fines or penalties
Guaranteed educational loans
Government funded loans
Debts for personal injury actions involving drunk driving
While this list of non-dischargeable debts may seem like a
long one, most people are eligible to discharge all of their debt, including
medical debts, credit card debts, taxes over three years of age, personal loans,
past repossessions, broken apartment leases, etc. Your bankruptcy attorney will help you
discharge your debts and protect your assets.
King and King can help you determine what debts you can
discharge and if bankruptcy is right for you. Call us today for a free case
evaluation at 404-524-6400 or visit us online at www.kingandkingattorneys.com
Chapter 7 bankruptcy can also referred to as debt
elimination or debt liquidation bankruptcy because the debtor is freed from
liability of all of his or her unsecured debts upon discharge of the case.
Most unsecured debts are dischargeable in a Chapter 7
bankruptcy filed in Georgia. Income
taxes and overpayments are sometimes dischargeable as well. There are a number of debts that cannot be
discharged in a bankruptcy. Some
examples of these debts include: most student
loans, government fines, and restitution. We will be happy to discuss your case
with you to determine which of your debts will be eliminated, based on your unique
situation.
A Chapter 7 bankruptcy is usually about a 4 month process.
This allows you to wipe out all your debt at once and start rebuilding your
credit right away.
Filing a Chapter 7 bankruptcy will stop the creditor calls,
judgments, wage garnishments, bank levies, and enable you to get the fresh
financial start you need and deserve! Stop wondering how to become debt free
and find the answers you need to get there. Call King and King for a free
consultation at 404-524-6400 or visit us at www.kingandkingattorneys.com for
more information.
The attorneys at King and King have spent countless hours in
Georgia bankruptcy courts. We know the regulations, and we know the process.
There are some significant differences between filing for Chapter 7 and Chapter 13 bankruptcy but, in general, here’s what you can expect from the process of
filing for bankruptcy:
For Chapters 7 and 13, you’ll be assigned a trustee. This person
has various administrative responsibilities depending on the chapter you’re
filing and your specific situation. We can help you understand the role that
your trustee will play in your case.
While you will need to attend one meeting in court, known as
the meeting of creditors, you may not have to appear in court again.
Sometimes—like when an objection is raised or if a plan confirmation hearing is
required—you may need to come to court, but this isn't common. Again, we will
be with you every step of the way to guide you through the process.
When your debts have been discharged, you’ll be free from
personal liability from specific debts. From that point on, creditors won’t be
able to take any action against you in an effort to collect on those debts.
Filing for bankruptcy can work. We have helped thousands of
people just like you. As one of Georgia’s premier bankruptcy lawyers, we can
get your financial life back on track. Call King and King at 404-524-6400 or
visit us at www.kingandkingattorneys.com
for a free consultation today.
Bankruptcy is helpful; its goal is to provide those who file
with a fresh financial start, not to take everything in the process. That’s why
Georgia has specific bankruptcy laws to help protect a consumer’s assets during
the bankruptcy process. The attorneys at King and King can help you protect
your assets and emerge from bankruptcy with many or even all of your assets
intact.
Georgia Bankruptcy
Exemptions
Georgia allows you to choose either state or federal
bankruptcy exemptions depending on your filing status. Our experienced
bankruptcy attorneys will help you determine which property and assets you may
be able to claim and maximize your exemptions. Your qualified exemptions may
include property such as:
Regardless of whether you are filing for Chapter 7 or
Chapter 13 bankruptcy, bankruptcy laws entitle you to certain exemptions. We will
work together to ensure accuracy in your bankruptcy forms as we offer you
valuable legal advice and handle all complex issues, including assisting you
with your bankruptcy exemptions.
Protecting Your
Assets During Bankruptcy
In a Chapter 7 bankruptcy non-exempt assets may be sold and
used to pay debt. However, most of our clients filing for Chapter 7 bankruptcy
lose little or nothing throughout the process.
Filing Chapter 13 bankruptcy, may stop a foreclosure or
repossession and allow you to catch up on missed payments, it also creates a
repayment plan for other debts. Most clients who file Chapter 13 bankruptcy
keep all of their property.
Every case is unique. Seeking legal advice in order to get
the most accurate answers to your questions about bankruptcy is the first step.
If your ready to learn more about how we can help you protect your personal
property, or if you’d like to find out what you can keep during bankruptcy,
contact King and King today for a free initial consultation 404-524-6400 or www.kingandkingattorneys.com
If you find yourself in a difficult financial situation in Georgia, and
are looking for bankruptcy information, contact the bankruptcy attorneys at
King and King with three offices in the Atlanta area for a no-cost, no-obligation evaluation. We’ll take the time to
talk with you, look closely at your situation, and give you informed legal
advice about the steps you can take to get back on track.
Your Bankruptcy
Questions Answered
Whether or not to file bankruptcy is a question that should
not be decided in a hurry. We know you have a lot of questions about the
bankruptcy process—and in some cases you may not even know what questions you
should be asking. Fortunately, our bankruptcy attorneys will give you all the
bankruptcy information you need. Some of the most common questions are:
How will filing bankruptcy affect my credit score?
Our goal is to make sure you have all the bankruptcy
information you need to make an informed decision about whether or not to file
bankruptcy.
Don’t let the uncertainty and worry of serious debt control
your life any longer. Contact the bankruptcy attorneys of King and King today
at 404-524-6400 or visit us online at www.kingandkingattorneys.com
Chapter 7 bankruptcy is usually the fastest, least expensive form of
bankruptcy. It comes with many
advantages.
Advantages Of Chapter
7 Bankruptcy
Chapter 7 bankruptcy in Georgia stops garnishments immediately.
Payments to your creditors stop.
Harassment from creditors stops as soon as you file.
In most cases, you can keep your car and your home.
Chapter 7 bankruptcy covers credit cards, medical bills, payday loans, personal loans, lines of credit, car loans, mortgages, and most other debt. Chapter 7 also removes debts to utility companies.
For most of our clients, filing a Chapter 7 bankruptcy puts them on the
road to financial freedom. You do not have to commit to a repayment plan or
repay a single unsecured creditor. If Chapter
7 will not work for you, then we may be able to help you file a Chapter 13 bankruptcy. Contact us so we can help
you better understand the process and which chapter is right for you.
Filing your
chapter 7 bankruptcy with King and King can be quick and simple.
Call King and King today at 404-524-6400 for a free consultation. We will
review your situation and schedule a meeting to get started. Don’t wait: you
could be debt free in as little as three to four months. Visit www.kingandkingattorneys.com for
more information.
Financial
problems cause enough anxiety as it is. The last thing you need is harassing
phone calls and threatening notices demanding payment. Filing for bankruptcy stops
the harassing calls from debt collectors by order of an “automatic stay.” This
gives you legal protection and stops the harassing phone calls.
The first
thing to do is to consult with one of the attorneys at King and King to decide
if filing is the right decision for you.
If so, once you file a petition in bankruptcy seeking Chapter 7 or
Chapter 13 relief, the Court will order an “automatic stay.” This order means
that all your creditors must stop contacting you immediately. If a creditor
continues to call you after your case is filed, they are in violation of the
automatic stay, which imposes stiff penalties.
Let us know and we will contact your creditor if necessary. Here are a
few things creditors are never allowed to do.
Harass you by calling in the middle
of the night or by calling you over and over.
Call your place of work after you
have instructed them not to.
Use obscene or abusive language.
Pretend to be an attorney, police
officer or government official.
Say that you have committed a crime
by not paying a debt.
Contact or threaten to contact a
neighbor, relative or employer about your debt.
Say that you will be arrested or put
in prison.
Use threats of harm to you or your
family.
Help is Just a Phone Call Away
When you are
faced with a difficult financial situation, you need help. King and King can
stop the harassing phone calls and put you on the path to financial freedom. Call
us today at 404-524-6400 to discuss your options, your consultation is free, or
visit us at www.kingandkingattorneys.com for more information.
