What Assets Should You Disclose In Your Georgia Bankruptcy Case?

All assets, no matter their value, must be disclosed in a bankruptcy case. If you happen to forget to list an asset for one reason or another, your bankruptcy petition can be amended to add the assets that should have been listed. Listing all your assets is the best way to avoid any issues in your bankruptcy case and will allow you to receive a quick bankruptcy discharge and allow for that bankruptcy discharge to be permanent.

Here are a few things to think about when listing your assets:

• Are you owed a state or federal tax refund?
• If someone sells a piece of property are you entitled to a share of the profits?
• Does someone owe you money?
• Are you the silent partner in a business?
• Do you co-own property with someone besides your spouse?
• Could you file a lawsuit against someone?
• Are you entitled to any unclaimed government benefits?
• Do you have a lawsuit pending against any entity?

Every bankruptcy case is different. If you have questions about what you will need to disclose in your bankruptcy case, call us at 404-524-6400 for a free consultation, or visit us online at www.kingandkingattorneys.com for more information. 

How Can I File Bankruptcy in Georgia with Limited Money?

One of the advantages of a Chapter 13 bankruptcy is that usually all of your attorney fees are paid through your plan.  In a Chapter 13 filing, the U.S. Bankruptcy Court inGeorgia sets the amount that an attorney can charge for Chapter 13 legal services.  In almost all cases, attorney’s fees are be paid out of the monthly payment plans, requiring no money down for attorney’s fees.

Beyond attorney fees, you will also have to pay the Bankruptcy Court a filing fee.  In most instances, the Chapter 13 filing fee can be paid in installments, making it easier for filers to afford.

Chapter 13 bankruptcy is about creating an affordable payment plan.  Not only do you not have to pay your creditors back in full, your payment plan is set up to pay what you can afford.  King and King has the experience in Chapter 13 bankruptcy law to successfully guide you through the process and get you back in control of your finances.

Call us for a free consultation today at 404-524-6400 or visit us at www.kingandkingattorneys.com for more information.

Should I Represent Myself When Filing For Bankruptcy In Georgia?

Although you can file for bankruptcy on your own, consulting a bankruptcy attorney is a beneficial first step for the vast majority of individuals.

Should you choose to represent yourself, you will be expected to understand and abide by bankruptcy law - which can prove very complex if you do not have any legal background. Often, filing bankruptcy involves much more than simply filing. You may be required to negotiate repayment terms, interact with creditors, or defend yourself against challenges that are brought to court - and creditors will bring their attorneys.

If you’re considering filing for bankruptcy and thinking about representing yourself, call King and King first for a free consultation. 404-524-6400 or www.kingandkingattorneys.com.

Will Filing Bankruptcy Make Employment Difficult?

A common concern of our clients is whether bankruptcy filings are private or public, and about the effect of bankruptcy on their current job or their ability to get a job. The most important thing to know is it’s illegal for any employer to discriminate against you because you file for bankruptcy.

In short, bankruptcy will not affect your ability to obtain or keep a job or get a promotion. Bankruptcy is a protected, fundamental right granted by the U.S. Congress to all Americans. Under federal bankruptcy law, employers are prohibited from discriminating against a worker because of a bankruptcy filing.

The bottom line is: it’s a violation of the law to refuse to hire or fail to promote an employee solely on the basis of a bankruptcy filing.

Ready to speak to us about taking the next step? Call King and King for a free consultation at 404-524-6400 or read more at www.kingandkingattorneys.com.

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.

Do I Qualify For Bankruptcy in Georgia?

Chapter 7 bankruptcy wipes out most, if not all of your debt, leaving you with a clean slate.  In order to qualify for chapter 7 bankruptcy, you must pass a "means test."  The test analyzes your income over the previous six calendar months and projects an annual income. The means test is very tricky; talk to an experienced bankruptcy attorney to find out if you qualify.  

Chapter 13 bankruptcy allows you to pay back your debt over time. In order to qualify for a Chapter 13 bankruptcy, you will need to meet two general income requirements. First, you must have a regular source of income. Second, you must have sufficient disposable income. Basically you must have at some income left over to pay to creditors after you subtract your living expenses from your monthly income. Chapter 13 bankruptcy often provides much greater protection to debtors who own significant assets or have income that would not be exempt in a Chapter 7. Most people filing for Chapter 13 bankruptcy are trying to protect a secured debt from being foreclosed or repossessed, such as a home or a car.

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 for a free, confidential consultation to discuss your options or visit us at www.kingandkingattorneys.com.