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.

Is It Better to File Bankruptcy Before or After Car Repossession in Atlanta?

While a vehicle lender can repossess your vehicle as soon as you are late on a payment, most lenders don’t repossess right away. They’d usually rather have you make the payments so that they earn the interest on the contract. Most likely your lender has the legal right to repossess, and sometimes repossession can happen very quickly.

It’s Better to File Chapter 13 Bankruptcy Before Repossession

Filing bankruptcy stops repossession, even if the lender has already started the process. The moment your Georgia bankruptcy lawyer files your case, an “automatic stay” goes into effect. This legally stops all collection efforts against you and your property. It will halt the repossession process in its tracks and allow you to protect and keep your car.

Getting Your Car Back After Repossession

You can potentially get your vehicle back after it’s already been repossessed. However, you must act fast and speak to a bankruptcy attorney as soon as possible. You may only have ten days to act. 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 actually mean to you, contact King & King today to schedule a free initial consultation at 404-524-6400.

Can I Keep My Car If I File For Bankruptcy In Georgia?

If you are thinking about filing for bankruptcy in Georgia, we know you have a few questions. One of the questions we hear most often is “what will happen with my car loan?” If you do not own your car outright will you lose it? Can it be left out of the bankruptcy?

Bankruptcy Can Help You Keep Your Car

If you’re filing under Chapter 13 bankruptcy, you’ll be able to keep your car as long as you keep making your Chapter 13 plan payments and otherwise comply with your Chapter 13 plan. Under Chapter 7, 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.

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 actually mean to you, contact King & King today to schedule a free initial consultation at 404-524-6400.

How Can I Stop Repossession In Georgia?

Have you received a notice that your car is going to be repossessed? We understand that without a car, getting to work or picking up your children after school can become a stressful challenge. There is a way to stop repossession. At King & King we provide personalized bankruptcy services for all types of debt relief and debt-related problems. We can help you obtain a fresh financial start.

Will My Car Be Repossessed?

When you file for bankruptcy, an automatic stay goes immediately into effect, preventing a car from being repossessed. In a Chapter 7 bankruptcy, you continue to make the payments on the loan. In a Chapter 13, a monthly payment is decided on with the court. That monthly payment is often much less than the original payment, and it can be imposed upon the lender regardless of how many months the client may have missed prior to filing bankruptcy.  For many clients in Chapter 13, we are able to lower the interest rate paid on the car loan dramatically.

What Chapter 13 Can Do to Save Your Car

· Lower the payoff price of the car

· Protect your car from repossession because of the automatic stay

· Lower the interest rate of the loan

In a Chapter 13 bankruptcy, the client often only pays the value of the vehicle. Since most people owe thousands of dollars more than their vehicles are really worth, you can save a substantial amount of money using this benefit of Chapter 13.

Call King & King for a free consultation to find out whether you can save your vehicle through bankruptcy. You might also want to surrender your vehicle through a Chapter 7 and get a fresh start.  You can reach us at 404-524-6400 or visit us at http://kingandkingattorneys.com/Stop-Repossession for more information.

Can I Prevent Foreclosure by Filing for Bankruptcy in Georgia?

At King & King, we understand that life happens and you may have found yourself in the position of being unable to keep up with your financial obligations. Whatever got you to the point where you are now, our attorneys are committed to helping you come up with a solution keep your home. Bankruptcy protection can be an effective foreclosure defense, one that we have used to help many of our clients avoid losing their homes to foreclosure.

In a Chapter 13 bankruptcy, a repayment plan is created that gives you a way to catch up on past due mortgage payments and unpaid debt without fear that any other legal actions will be pursued. Another benefit of filing for Chapter 13 is that a second mortgage could be "stripped," and you will never have to pay it back.  Ask your King & King attorney about “Lien Stripping” if you have a second mortgage.

If you qualify for a Chapter 7 bankruptcy, we can help you keep your home and wipe out credit card debt, medical bills, and personal loans. If you’re ready to get started, call us today so that one of our experienced bankruptcy lawyers can review your current mortgage situation and advise you as to whether filing for bankruptcy may be right for you. Call King & King at 404-524-6400 or visit us at www.kingandkingattorneys.com for more info.

What Happens After I File For Bankruptcy In Georgia?

Considering filing for bankruptcy? 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.

The process that takes places after filing for bankruptcy depends on 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 provided free of charge.

Here are a few things bankruptcy can do for you.

•  Most people can improve their credit after filing bankruptcy.
•  Bankruptcy can save your house from foreclosure and your car from repossession.
•  After your debts are discharged through bankruptcy, you can find it much easier to 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

Can Bankruptcy Stop Car Repossession?

Having a car is essential. The good news is filing a bankruptcy petition will immediately stop an auto lender from repossessing your car.

The bankruptcy attorneys at King and King will help you determine how you can keep your vehicle after bankruptcy. We will also help you obtain a fresh financial start, free of debt.

You Can Stop Repossession

Once you file for bankruptcy, the threat of repossession stops. Your attorney will discuss your options with you. These options may include:

Redemption — If you are underwater on your loan you can negotiate to obtain more favorable terms.

Ride through — Keep the vehicle and keep making your payments.

Reaffirmation — Renew your loan at the same terms.

Even if you are behind on your payments, we can help keep you in your car. Filing Chapter 13 bankruptcy allows you to repay your car loan slowly over three to five years, often with an interest rate much lower than what you already have. Filing Chapter 7 bankruptcy will give you the time you need to either get caught up on your payments or modify your loan. Your attorney will help determine which is the best option for you.

At King and King, we can stop repossession immediately and take the actions needed to help you get out of debt. Call us today at 404-524-6400 or visit us at www.kingandkingattorneys.com for more information.

How Can Filing Bankruptcy In Georgia Help Me?

Filing bankruptcy in Georgia can remove your credit card debt, save property from being taken by creditors, and much more.

Bankruptcy takes your financial situation and puts it under the protection of the federal bankruptcy court. Bankruptcy also can make it possible for you to:

   ·         Eliminate the legal obligation to pay most or all of your debts. This is called a "discharge" of debts. It is designed to give you a fresh financial start.

   ·         Stop foreclosure on your home and allow you an opportunity to catch up on missed payments.

   ·         Prevent repossession of a car or other property, or force the creditor to return property even after it has been repossessed.

   ·         Stop wage garnishment, debt collection harassment, and similar creditor actions to collect a debt.

   ·         Restore or prevent termination of utility service.

   ·         Pay debts over a longer period of time than originally planned.

Bankruptcy can give you the peace of mind of no longer being under a heavy debt load that you can't repay. Call King and King at 404-524-6400 for a free consultation and take control of your financial life today or visit us at www.kingandkingattorneys.com for more information.

Will I Lose My Home or Car if I File for Bankruptcy In Georgia?

This is often the first question that comes up during one of our free consultations.

When your case is filled correctly bankruptcy laws will usually allow you to keep your home and your car. The experienced bankruptcy attorneys at King and King can help.

For more than 30 years, King and King have provided quick debt relief for people just like you.

Our attorneys will clear up all of the myths surrounding bankruptcy. We separate the facts from the fiction and show you how to use Chapter 7 and Chapter 13 bankruptcy to stay in your home, keep your car or truck, protect yourself from wage garnishment and escape creditor harassment.

The state of Georgia allows its residence to protect a certain amount of property from loss to creditors in bankruptcy. The property you are permitted to keep is called “exempt property”. For example, each individual is allowed to keep household goods, some home equity, motor vehicles, wedding sets, guns and tools that you use for your job. Financial assets that are exempt include retirement benefits, pensions, and insurance policies.

King and King will help you determine what are allowed to keep, and make sure you keep what’s important to you and your family. Call us today at 404-524-6400 for a free consultation or visit us online at www.kingandkingattorneys.com for more information.

What Should You Expect From A Free Bankruptcy Consultation?

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:

What are the benefits and risks of bankruptcy?

Which type of bankruptcy should I file?

Can I avoid home foreclosure or auto repossession?

How can I protect my family?

How long does it take to file bankruptcy?

Do I really need a bankruptcy attorney?

What are the specifics of Georgia’s bankruptcy laws?

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

Can Bankruptcy Save My Car From Repossession?

We know having a car is essential for most people to get to work and earn a living. The good news is filing for bankruptcy will immediately stop an auto lender from repossessing your car.

There are two courses of action that are successful for most King and King clients to not only stop repossession but to also lower car payments. One option is to use a redemption loan in a Chapter 7.  A redemption loan allows you to pay back only the market value of your vehicle, which for many people is much less than what they currently owe on their car loans.  A second option is to file a Chapter 13 and “cram down” your loan: many people can lower both the interest rate (to as low as around 4%) and also only pay back the market value of the vehicle.  This can result in a tremendous savings.

Fortunately, there are several options that can enable you to avoid repossession and keep your vehicle while still obtaining debt relief.

King and King Bankruptcy attorneys can stop repossession immediately and take the actions needed to help you get debt relief. Call 404-524-6400 for a free consultation or visit us at www.kingandkingattorneys.com for more information.

Should I Consider Bankruptcy As An Option?

If you are behind on your bills, facing foreclosure, repossession or other financial difficulties in Georgia, bankruptcy can be a possible solution to your situation.

Bankruptcy might provide you with the right solution if:

• You are facing foreclosure on your home
• Your car or other property is in danger of being repossessed
• You are having trouble making credit card payments
• You lost your job
• You have incurred large medical bills
• You are receiving harassing calls from creditors
• Your wages are being garnished

Whether you want to learn more about the bankruptcy process or you are ready to take the next step, our lawyers can help. They’ll meet with you at no charge for an initial consultation, and then recommend the best course of action. King and King is sympathetic to your problems, and we know how to help you solve them. Call us at 404-524-6400 or visit us online at www.kingandkingattorneys.com.

Will Chapter 7 Bankruptcy Get Rid Of My Debt?

Chapter 7 Bankruptcy is the most common form of filing in the state of Georgia. Chapter 7 is frequently referred to as a "fresh start." It is relatively quick and allows you to discharge your debt to allow you to start again with a clean slate. 

Chapter 7 Bankruptcy cases can remove debts for the following:

· Credit Card Debts

· Medical Bills

· Lawsuits for injuries caused while driving uninsured

· Debts following evictions and/or repossessions

· Lawsuits for breach of contract

· Small or moderate NSF checks

· Garnishments

· Most business debts

Chapter 7 bankruptcy may not discharge some of the following debts; your attorney will help you to understand where you stand.

· Child Support

· Student Loans

· Some Criminal Fines

· Some Taxes

· Debts incurred fraudulently



When your bankruptcy is accepted by the court, your dischargeable debts are wiped clean and you are awarded a clean slate to start anew. Call King and King at 404-524-6400 for a free consultation today or visit us online at www.kingandkingattorneys.com.

Will I Need To Notify My Creditors That I’ve Filed For Bankruptcy?

One of the many benefits of working with an experienced bankruptcy attorney is we take care of notifying your creditors for you. After we file your bankruptcy, the bankruptcy court sends an official notice to your creditors informing them of your bankruptcy.

Your creditors have until 60 days after the date first set for your meeting with the trustee to file a motion objecting to the discharge of your debt.

Usually no objections are filed and we can proceed through bankruptcy. If a creditor does file an objection, we can help you decide what to do next.

One of the most important benefits of filing for bankruptcy comes at the moment you file. An automatic stay goes into effect. That means that collection actions against you or your property, including repossessions, garnishments, and foreclosure actions, immediately stop. As long as the stay is in effect, creditors cannot initiate or continue lawsuits, wage garnishments, or even call you on the phone to demand payment.

Don’t wait any longer for the fresh start you deserve. At King and King, we can help you get back on track to a healthy financial future and handle your creditors for you. Call us today at 404-524-6400 for a free consultation or visit us at www.kingandkingattorneys.com.

Can My Wage Garnishment Be Stopped By Filing Bankruptcy?

If your wages are being garnished or if you are being threatened with a wage garnishment, you may feel like your situation just went from bad to worse. If you are unable to pay your bills on your full salary, you most likely cannot afford to have your wages garnished.

Wage garnishments are when a creditor of yours takes money out of your paycheck without your voluntary approval. Now, you can actually stop the garnishment through a Chapter 7 or a Chapter 13 bankruptcy. There are even some situations where we can get money that's been paid to a creditor through a garnishment back to you. Time is a factor, so don’t wait.

Millions of people have fallen on difficult times because of a loss of a job, divorce, medical issues or other difficult challenges. You are not alone. We are here to help. Call King and King bankruptcy attorneys at 404-524-6400 for help today, or visit us online at www.kingandkingattorneys.com for more information.

What Type of Bankruptcy Should I file?

What Type of Bankruptcy Should I file in Georgia?

If you or a loved one is considering filing for bankruptcy in Georgia, it’s important to understand the types of bankruptcy available to you. There are two main types of bankruptcies available to individuals: Chapter 7 and Chapter 13.  Your bankruptcy attorney will assist you in deciding which is best for you.

Chapter 7 bankruptcy is also known as liquidation or straight bankruptcy. With Chapter 7, the court discharges, or forgives, your debts without a repayment plan. You must utilize “exemptions” to be able to keep your property.  Most Chapter 7 cases are “no asset” cases, in which a debtor has no unexemptable assets and is able to discharge all of his debts.  A trustee will be appointed by the bankruptcy court to review your assets.  In most cases, you will be able to use exemptions to keep your property and your debt will be discharged.

Chapter 13 bankruptcy is a repayment bankruptcy to protect your secured debts and pay them off over a period of time (up to 5 years).  Debtors who have unexemptable assets usually file Chapter 13 to protect all of their property.  This allows you to keep most or all of your assets.  Debtors without unexemptable assets may also choose Chapter 13 over Chapter 7 for other reasons (usually to catch up on delinquent secured debt payments, like car or mortgage payments).

Other forms of bankruptcy are rare for individuals.  You may have other questions about filing bankruptcy. King and King can help. Please call us at 404-524-6400 for a free consultation or visit our website for more information. 

Facing Repossession? Bankruptcy Can Help.

I’m Facing Repossession, Can Bankruptcy Help?

If you or a loved one is facing repossession or is behind on car payments, you’re not alone. The economy, job loss, medical bills: these are all common reasons many people fall behind on their car payments and face repossession. When you get behind on car payments, the lender can repossess the vehicle. In most vehicle loan contracts, there are clauses that allow the repossession of your vehicle should you fail to make the scheduled payments. If you have received notice that your car is going to be repossessed, your first step is to contact the lender and arrange to pay the past due amount. However, many people are not in a position to do that, which is when filing a Chapter 13 bankruptcy may be the best option. Chapter 13 can stop the repossession of your vehicle and allow you to pay back the lender over time through a Chapter 13 re-payment plan.  You can probably also reduce the interest rate that you agreed to pay to the lender.  This can save you a lot of money.

If your car has already been repossessed, you may be responsible for the unpaid balance of the loan once the vehicle is sold. If this is the case, bankruptcy may still be the best option for you, as it will protect you from collections, judgments, and possible wage garnishment. Whether you have a prior repossession or are struggling to save your car, King and King bankruptcy attorneys can help.  At King and King, we have helped individuals and families in Georgia save their homes, their cars and their hard earned wages. Having an attorney who knows how to protect you and your property is vital. Call today for your free consultation. 404-524-6400