Showing posts with label bankruptcy lawyer. Show all posts
Showing posts with label bankruptcy lawyer. Show all posts

Wednesday, February 19, 2025

Is Filing Bankruptcy in 2025 Right for you?

King & King can help you become debt free in 2025. We recommend scheduling a consultation with a bankruptcy attorney who can analyze your specific facts and go over your options. If you are ready for a free consultation, call us at 404-524-6400 for help today. Here a few of the things to review when deciding to file for bankruptcy.

 

 

 

 

 

 

 

What Are Your Debt Problems?

 

• Credit card debit

• Medical Debt

• Car or home repossession

• Foreclosure

 

What Happens If You Don’t Pay Your Debt?

 

• Your creditors can put liens against your assets

• Seize your bank accounts

• Garnish your wages

• Foreclosure

• Repossession

 

What Happens If You File For Bankruptcy?

• Stop all collections against you and your creditors will stop contacting you

• Relieve the legal obligation to pay back your debts

• Allow you to rebuild your credit

• Remove liens against your property

• Stop repossession

• Stop foreclosure

 

Call the experienced bankruptcy staff at King & King to determine whether declaring a bankruptcy case would be in your best interest. King & King will evaluate your situation and determine if Chapter 13 or Chapter 7 bankruptcy is right for you. Call our office today at 404-524-6400 to schedule a free, confidential consultation to discuss your options, or feel free to visit us at www.kingandkingattorneys.com

Wednesday, September 11, 2024

Should I File For Bankruptcy?

At King & King in Atlanta, we understand that deciding to file for bankruptcy in 2024 is a very important decision to make. We are here to help. Scheduling a consultation with a bankruptcy attorney who can analyze your specific facts and go over your options is a great first step. If you are ready for a free consultation, call us at 404-524-6400 for help today.

 


 

 Here a few of the things to review when deciding to file for bankruptcy.


 What Does Your Debt Problem Look Like?

• Out of control credit card debit

• Medical Debt

• Repossession

• Foreclosure

 

What Happens If You Can’t Pay Your Debt?

• Your creditors can put liens against your assets

• Seize your bank accounts

• Garnish your wages

• Foreclosure

• Repossession

 

What Happens If You File For Bankruptcy?

• Stop all collections against you and your creditors will stop contacting you

• Relieve the legal obligation to pay back your debts

• Allow you to rebuild your credit

• Remove liens against your property

• Stop repossession

• Stop foreclosure

 

Call the experienced bankruptcy staff at King & King to determine if declaring bankruptcy would be in your best interest. King & King will evaluate your situation and determine if Chapter 13 or Chapter 7bankruptcy is right for you. Call our office today at 404-524-6400 to schedule a free, confidential consultation to discuss your options, or feel free to visit us at www.kingandkingattorneys.com. We can help.

Monday, April 15, 2024

What Happens After I File For Bankruptcy In Atlanta?

Considering filing for bankruptcy in 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?


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

Tuesday, January 16, 2024

Some Unexpected Benefits of Filing Bankruptcy In Georgia

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.

 

Tuesday, October 10, 2023

Will Filing Bankruptcy in Georgia Have A Negative Effect On My Retirement?

Considering Bankruptcy in Retirement?


Filing bankruptcy in Georgia can be a wise decision that can protect your retirement assets and your family. If you have made careful financial arrangements for your retirement, unexpected problems can arise. The death of your spouse, a serious illness, losses in investments or real estate, reduced pensions, predatory lending, and sometimes simply the rising cost of living can all be reasons to file for bankruptcy. King & King can help.

 

 


 

What Can Bankruptcy Do to Help?

A bankruptcy discharge does not affect your retirement assets. You will not lose your retirement plans, including your 401(k), 529 Plan, Roth IRA, or SEP IRA. Filing for bankruptcy will enact an automatic stay, which will stop creditors from contacting you. It will also put a stop to eviction or foreclosure proceedings and protect your personal property, in addition to giving you greater financial stability to enjoy your retirement.

 

You deserve to enjoy your retirement. The experienced bankruptcy lawyers at King & King can help you understand your options and explain the process of filing for bankruptcy to you. Call us at 404-524-6400 for a free consultation or visit us at www.kingandkingattorneys.com for more information.

Monday, September 18, 2023

Is It Time To File For Bankruptcy?

At King & King in Atlanta, we understand that deciding to file for bankruptcy is a very important decision to make. We are here to help. Scheduling a consultation with a bankruptcy attorney who can analyze your specific facts and go over your options is a great first step. If you are ready for a free consultation, call us at 404-524-6400 for help today. Here a few of the things to review when deciding to file for bankruptcy.

 




What Does Your Debt Problem Look Like?

• Out of control credit card debit

• Medical Debt

• Repossession

• Foreclosure

 

What Happens If You Can’t Pay Your Debt?

• Your creditors can put liens against your assets

• Seize your bank accounts

Garnish your wages

Foreclosure

Repossession

 

What Happens If You File For Bankruptcy?

• Stop all collections against you and your creditors will stop contacting you

• Relieve the legal obligation to pay back your debts

• Allow you to rebuild your credit

• Remove liens against your property

• Stop repossession

• Stop foreclosure

 

Call the experienced bankruptcy staff at King & King to determine if declaring bankruptcy would be in your best interest. King & King will evaluate your situation and determine if Chapter 13 or Chapter 7bankruptcy is right for you. Call our office today at 404-524-6400 to schedule a free, confidential consultation to discuss your options, or feel free to visit us at www.kingandkingattorneys.com. We can help.

Wednesday, September 6, 2023

Can I Rebuild My Credit After Filing Bankruptcy?

Filing for bankruptcy can give you the fresh start you deserve. When you finish filing for bankruptcy, you no longer owe any money to your creditors. You can live without all the pressure overwhelming debt causes you.

 After bankruptcy you can rebuild your credit. Here are some simple steps to getting your credit score will start to rise.  After as little as 18-24 months, your credit report can be a positive one.




 

Improving Your Credit Score

There are several things you can do to improve your credit score with a bankruptcy discharge on your credit report, including the following.

 

  • Acquire a Secured Credit Card. In order to rebuild your credit, you will need to take out loans and pay them on time. A secured credit card gives you credit up to the amount you have in the bank that issues the card.

 

  • Take out an Installment Loan. A car loan is a common type of installment loan. You must make your payments on time every single month in order to use your installment loan to rebuild your credit.

 

  • Check Your Credit Report. After your bankruptcy has been discharged, check your credit reports. You are looking for errors: debts you have repaid but still appear and any other types of mistakes. Contact the credit agency where the mistake appears to have it corrected.

 

In many ways, once you have completed a filing for Chapter 7 or Chapter 13 bankruptcy your financial future is brighter. It is important that you avoid the mistakes and traps that could get you in trouble again. King & King is dedicated to helping clients file for personal bankruptcy and rebuild their lives afterwards. For a free initial consultation, contact our office at 404-524-6400.

Monday, July 24, 2023

If You File Chapter 13 Bankruptcy, Can You Keep Your Assets?

If you are worrying about losing your car, home, or other assets upon filing for bankruptcy, Chapter 13 may be the better option for you. Chapter 13 reorganizes your debt into a repayment plan and protects your property.

 

If you have a large amount of assets, Chapter 13 bankruptcy offers advantages that may make it suitable. You can save your home, your car, 401k, and more. Your bankruptcy attorney will review your case with you so you can make an informed decision.

 




Another advantage of Chapter 13 is that you know going into it that the repayment plan will work for you because it is built from your current financial situation and income. Under your repayment plan, you may only pay off a portion of some debts but may pay off others entirely.  Each case is different.  Your attorney tailor-makes your case for you, depending on a variety of factors.

 

For most clients, the duration of your repayment plan typically lasts from three to five years. King and King will evaluate your situation and determine if Chapter 13 bankruptcy is right for you. Call our office today at 404-524-6400 to schedule a free, confidential consultation to discuss your options or visit us at www.kingandkingattorneys.com.

Thursday, June 29, 2023

If I File For Bankruptcy In Georgia Will I Lose My Car?

If you are thinking about filing for bankruptcy you may be worried you will lose your car. If you do not own your car, can it be repossessed? Can it be left out of the bankruptcy? King & King is here to help.

 

 


 

 Bankruptcy Can Help You Keep Your Car

If you are filing under Chapter 13 bankruptcy, you will be able to keep your car as long as you keep making your Chapter 13 plan payments and otherwise comply with your bankruptcy plan. Under Chapter 7 bankruptcy, whether you keep your car will depend on your ability to make payments. In Chapter 7 bankruptcy, your attorney can file a “Statement of Intention” indicating whether you want to keep or surrender the vehicle. If you cannot afford the monthly payments on your car loan, then you may consider surrendering the car. The auto loan balance will be fully discharged in your Chapter 7 bankruptcy. Your bankruptcy attorney will work with you to keep your car.

 

King & King has been helping people in Georgia gain a fresh start for over 40 years, and we understand everyone's financial circumstances are unique.  To find out what bankruptcy will mean to you, contact King & King today to schedule a free initial consultation at 404-524-6400.

Friday, June 16, 2023

Is It Hard To Get Approved For Bankruptcy In Georgia?

Medical debts, credit card balances, car loans and other debts can spiral out of control.  It can be overwhelming, stressful and it can happen to anyone. If you are unable to pay your debts, you are most likely eligible for bankruptcy. The bankruptcy attorneys at King and King in Atlanta can help.

Our experienced, professional bankruptcy attorneys understand your situation.  We can help you choose the option that is best for you.  We are here to help and will work with you to improve your financial future.  Even before your bankruptcy petition is filed, our attorneys can help stop all creditor harassment.





In a supportive way, we will help you understand your options, the process of filing for bankruptcy, and help lift the burden of financial uncertainty.  After bankruptcy you can expect:

· Peace of mind

· Renewed confidence

· A end to the calls, emails and letters

· A fresh start

· A promising future

Contact our office today to schedule your free consultation.  With offices in downtown Atlanta and Lawrenceville, we are able to easily accommodate our clients living anywhere throughout the Atlanta metro area.  Give us a call at (404) 524-6400 or visit us at www.kingandkingattorneys.com for more information.

Monday, June 5, 2023

Finding the Right Atlanta Bankruptcy Attorney

Filing bankruptcy in Georgia can get your life back on track. Even after experiencing months or years of financial instability. Monthly bills can pile up and now creditors are calling so you may avoid answering the phone or checking the mail in fear of facing more stress. At King & King we understand and can help. Filing for either Chapter 7 or Chapter 13 bankruptcy can eliminate your debt so you can move on with your life and have a brighter financial outlook. Filing bankruptcy can be a complicated process, and enlisting the trust of a qualified bankruptcy attorney is invaluable. Our attorneys will take care of all the heavy lifting for you, so you can get back to your regular life — debt-free — as soon as possible.





Here are four things to look for in a bankruptcy attorney:

1. Your Bankruptcy Attorney Won’t Force You to File Bankruptcy

2. Your Bankruptcy Attorney Will Help You to Decide on Which Chapter to File

3. Your Bankruptcy Attorney Will Listen to You

4. Your Bankruptcy Attorney Should Have Time For Your Case

 

If you are considering bankruptcy, you do not have to go through this process alone. Get a skilled and experienced attorney on your side by calling the Georgia bankruptcy lawyers of King & King today at 404-524-6400.

Friday, April 14, 2023

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

Monday, February 13, 2023

What Happens After My Bankruptcy Discharge?


Here are a few tips for after your Atlanta bankruptcy attorney has completed your case and your debt has been discharged.

 


1. Review Your Credit Report

After two months your creditors should have made any necessary updates your credit report.  This is the perfect time for you to make sure that all your debt shows that it has been discharged via bankruptcy.  You should not expect to see any past due accounts.  If you do see any debt that shows you are late or missing payments you should dispute the item on your credit report and contact the creditor to make sure that they will report your account properly going forward. 

 

2. Rebuild Your Credit

Once you receive a discharge, you should consider opening a secured credit card and start establishing a payment history.  We frequently have clients who can rebuild their credit scores to 700 within a year or two after their bankruptcy case and move on to purchase homes.  Be diligent about rebuilding your credit after bankruptcy, you can bounce back quicker than you expected.

 

3. Don’t Be Afraid To Answer Your Phone

It is possible a creditor may not be aware that you filed bankruptcy.  If you get a call trying to collect a debt after your bankruptcy is finished make sure to inform them of your bankruptcy case.  In nearly all cases, you informing them of your concluded bankruptcy case will  stop all calls. Your bankruptcy attorney will have informed you of any non-dischargeable debt in bankruptcy such as child support, spousal support, taxes, student loans, and fines. You must keep paying any non-dischargeable debt. 

 

4. Enjoy Your Financial Freedom.

Enjoy the fresh start you have given yourself. You made a smart financial decision for your future.  Now that you have experience you can avoid previous pitfalls. However sometimes things happen in life and  turning to a real solution like bankruptcy can be the right choice.

 

If you need help our Atlanta bankruptcy attorneys know what you’re going through. Call King & King at 404-524-6400 today to schedule a free consultation.


Monday, January 23, 2023

Can I Lose My Home If I File Bankruptcy?

When deciding to file bankruptcy one of the most important questions to consider is whether or not you will lose your home. The first thing to understand are the two main types of bankruptcy, chapter 7 & chapter 13.

 


Chapter 7 Bankruptcy

In Chapter 7 bankruptcy, you can wipe your debts clean and get a fresh start. In this type of bankruptcy, you liquidate your assets and sell them apart from any exempted assets. Your trustees then distribute the proceeds of the assets. It can be possible to lose your home under chapter 7 bankruptcy.  If you own a home and are planning to file chapter 7 bankruptcy, it is important that you consult with an experienced bankruptcy attorney. 

 

Chapter 13 Bankruptcy

Chapter 13 proposes a repayment plan that lasts for three to five years.  Chapter 13 bankruptcy can help you save your home.  As long as you can stick to the repayment plan, all the remaining dischargeable debts are released after the repayment plan and there should be no danger of losing your home.

Keeping up with your overdue payments for certain obligations is another advantage of filing under Chapter 13. This includes home mortgages. This will allow you to gain ground on your payments for up to sixty months and prevent the foreclosure of your home or seizure of your assets.

 

If you are looking to file bankruptcy, we can help. The Atlanta bankruptcy attorneys at King & King  can assess your case and walk you through the impact bankruptcy would have on your home. Call us today at 404-524-6400 for a free consultation. 


Tuesday, August 25, 2020

Bankruptcy Can Wipe Out Credit Card Debt In Georgia

If you’re overwhelmed by credit card debt, you’re not alone. According to the Federal Reserve, U.S. consumers are currently carrying more than $800 billion in credit card debt. And, about 4 million of those credit card accounts are delinquent. The average balance on a credit card is now almost $6,200, and the typical American holds four credit cards, according to the credit bureau Experian. Fortunately, help is available.

 


We understand credit card debt isn't just a result of careless spending. Many people in Georgia incur credit card debt because they're having trouble covering their basic living expenses. Unexpected medical bills, car repairs, home repairs, and sometimes just day to day life can make using your credit card necessary.

 

There is Relief from Credit Card Debt

Credit card debt can leave you feeling like there’s no way out. Balances keep growing, and then harassing telephone calls start to interrupt your home and work life. Creditors and debt collectors want you to believe there’s no hope, that there’s no way forward except making payments you can’t afford. Fortunately, that’s just not true. King & King can help you file bankruptcy and wipe out your credit card debt so you get a fresh start. Chapter 7 Bankruptcy will also clear your personal loans, payday loans, and medical bills in most cases.

 

There are certain conditions that need to be met in order to qualify for chapter 7 bankruptcy. You will have to pass the means test. This is an income based test where your income has to be below a certain amount based on your family size, your attorney can walk you through this process.

 

If you find yourself facing insurmountable credit card debt, King & King can help. Call today at 404-524-6400 for a free consultation. We can advise you of what is the best way for you to eliminate credit card debt and get a fresh start.


Friday, December 13, 2019

How Does a Chapter 13 Bankruptcy in Georgia Work?

In Georgia, like many states, people have continued to struggle with how to stay on top of their debt despite the healthy economy over the last several years. For some people, debt is due to excessive medical costs, job loss, divorce, death of family member, or one of many other factors. Filing for bankruptcy offers the chance to start over and be free of debt. 



There are two main forms of personal bankruptcy, Chapter 7 and Chapter 13. A Chapter 13 bankruptcy plan is essentially a form of organized repayment. If you file Chapter 13, you must have sufficient income to qualify and make monthly payments to a trustee for a period of time lasting between 36 and 60 months. The monthly payments are used by the trustee to in turn make payments to creditors. The amount eventually repaid to creditors may be significantly less than what was originally owed and is determined at the outset of the bankruptcy plan. Consumers do not lose their assets in a Chapter 13 plan. A Chapter 13 bankruptcy also puts an automatic stay on foreclosure proceedings and stops vehicles from getting repossessed.

Our Atlanta debt relief attorneys know what you’re going through, and they’re ready to help. Call King & King at 404-524-6400 today to schedule a free consultation with an attorney.

Monday, September 23, 2019

Can I Rebuild Good Credit After Filing Bankruptcy In Atlanta?


Filing for bankruptcy can be an important first step towards giving yourself the fresh start you deserve. When you file bankruptcy and get relief from your bill problems, you no longer owe any money to your creditors. You no longer have to suffer with the continuing delinquencies.
 In order to preserve your newfound financial stability, you must take care to rebuild your credit and avoid common pitfalls. If you take some simple steps to rebuilding your credit after bankruptcy, your credit score will start to rise.  After as little as 18-24 months, your credit report can be a positive one.



Improving Your Credit Score
There are a number of things you can do to improve your credit score with a bankruptcy discharge on your credit report, including the following.

·         Acquire a Secured Credit Card. It may seem counterintuitive, but in order to rebuild your credit, you will need to take out loans and repay them on time. A secured credit card gives you credit up to the amount you have in the bank that issues the card.

·         Take out an Installment Loan. An installment loan is any kind of a loan that requires monthly payments, such as a car loan. You must make your payments on time every single month in order to use your installment loan to rebuild your credit.

·         Check and Correct Your Credit Report. After your bankruptcy has been discharged, check your credit reports. You are looking for errors: debts you have repaid but still appear and any other types of mistakes. Contact the credit agency where the mistake appears to have it corrected.

In many ways, once you have completed a filing for Chapter 7 or Chapter 13 bankruptcy your financial future is brighter. It is important that you avoid the mistakes and traps that could get you in trouble again. King & King is dedicated to helping clients file for personal bankruptcy and rebuild their lives afterwards. For a free initial consultation, contact our office at 404-524-6400.

Tuesday, September 10, 2019

Are Creditors Trying to Take Your Car or Property? There Is Something You Can Do.


One of the most stressful aspects of dealing with debt you can’t repay are the debt collectors trying to get money from you. Sometimes, these efforts can also involve attempts to collect on debts by taking your property. Repossession is when a third party can legally take your property to repay a debt.

How Does Repossession Work?

Repossession can happen when you are behind on your payments for your car, furniture or other items bought on credit. Here are a few aspects of repossession it can be helpful to understand:



· Repossession can start as soon as you default on your contract, missing even a single payment in some cases.


· In most cases, your creditor will not need a court order to start repossessing property.


· Once the property is seized, it is difficult, but not impossible, for the borrower to reverse the situation.



Bankruptcy may be an option. A Chapter 7 Bankruptcy will temporarily stop your lender from being able to repossess your vehicle and may provide you with sufficient time to make a payment to bring your account current. A Chapter 13 Bankruptcy may also be an option. Chapter 13 would allow you to keep your vehicle and catch up on the back payments by repaying the amount you’re behind over a 3 to 5 year period.
The threat of losing your property is frightening. But you have options! By filing for bankruptcy, you may be able to make the repossessionstop by putting bankruptcy’s “automatic stay” to work in your case.
Call King & King at 404-524-6400 to schedule a consultation to discuss your repossession situation with an attorney – the evaluation of your case is free.

Monday, July 29, 2019

You Can Keep Your Assets Filing Chapter 13 Bankruptcy In Georgia


There are two ways for people in Georgia to file for bankruptcy: Chapter 7 and Chapter 13. Each involves reviewing how much debt you owe and how much income you bring in each month. Often, you will be eligible for either one or the other, but in some cases, you may qualify for both Chapter 7 and Chapter 13 bankruptcy. If this is your situation, you may have a choice between the two. Each has strengths and weaknesses but, if you have a large amount of assets, Chapter 13 offers advantages that may make it more suitable. Your bankruptcy attorney will review the pros and cons with you so you may make an informed decision.



If you are worrying about losing your car, home, or other assets upon filing for bankruptcy, Chapter 13 may be the better option for you. While Chapter 7 involves liquidating unexemptable assets to satisfy your debts, Chapter 13 reorganizes your debt into a repayment plan and protects your property.

Another advantage of Chapter 13 is that you know going into it that the repayment plan will work for you because it’s built from your current financial situation and income. Under your repayment plan, you may only pay off a portion of some debts but may pay off others entirely.  Each case is different.  Your attorney tailor-makes your case for you, depending on a variety of factors. 

For most clients, the duration of your repayment plan typically lasts from three to five years. King and King will evaluate your situation and determine if Chapter 13 or Chapter 7 bankruptcy is right for you. Call our office today at 404-524-6400 to schedule a free, confidential consultation to discuss your options or visit us at www.kingandkingattorneys.com.

Thursday, May 23, 2019

How Are Unsecured Debts Treated in Georgia Chapter 7 Bankruptcy?


In straightforward Chapter 7 bankruptcy cases, most regular unsecured debts are discharged—permanently written off. You pay nothing on them.



In a successfully completed Chapter 7 case, “general unsecured” debts are discharged. An example might be you have $80,000 in a combination of credit cards, medical bills, and personal loans.
As long as there is no collateral tied to any of those debts, they are most likely “general unsecured” debts and will be discharged.



  • Credit cards
  • Medical bills
  • Personal loans without collateral
  • Broken apartment leases/voluntary repossessions

These are all unsecured debts that can be discharged. If you have secured debt such as:

  • Home mortgages
  • Car loans
  • Personal loans with collateral
  • Real estate tax liens

Chapter 13 may be right for you. Your attorney will review your situation and help you decide which is the best bankruptcy to file.

Whether you’re deep in debt or struggling to stay up with bills, there’s a solution to your financial situation. King & King has over 40 years of experience and will help you get a fresh start. Please call us for a free initial consultation at 404-524-6400 or visit us online at www.kingandkingattorneys.com.