Three Steps to Take After Filing Bankruptcy in Georgia

After you’ve received your bankruptcy discharge, you will most likely be feeling a huge sense of relief. Although you have overcome a big hurdle, you may be wondering, “What do I do next?” Here are a few tips for regaining financial stability in your life after bankruptcy.

Obtain Your Credit Report

Obtaining a copy of your credit report will allow you to identify—and dispute, if necessary—incorrectly reported information and ensure that your discharged debts are reflecting a zero balance on those accounts. As time goes by, check your credit report yearly.

Create a Monthly Budget

Knowing how much money you have every month can significantly reduce the stress you may feel following your bankruptcy. Total up all of your income, and then compare this amount to your monthly expenses. Cut back where you need to and save what you can. Your bankruptcy attorney can help you create a realistic budget that you’ll be able to stick to.

Start To Rebuild Your Credit

After a bankruptcy filing, it’s time to rebuild your credit and improve your credit score.

Pay your bills—the best way you can work toward better credit is by paying all of your bills on time. Start here.

Use a credit card cautiously—a credit card may help you begin re-establishing good credit. Many credit card offers sent to people post-bankruptcy are usually accompanied by high annual fees and interest rates. If you can find a card without an annual fee, using it regularly and paying it off promptly can be a step to a better credit score. Another excellent option is a secured credit card, where you deposit an amount of money that serves as your line of credit.

To speak with our skilled bankruptcy attorneys and put your financial future on a fast track, contact King and King for a free consultation at 404-524-6400 or visit us online at www.kingandkingattorneys.com

Do You Need An Attorney To File Bankruptcy In Georgia?

For many families in Georgia, bankruptcy offers a path to a better, debt-free life and freedom from the harassment of debt collectors. However, the process of filing for bankruptcy is more complex than most people assume.

Here are four benefits of hiring a bankruptcy attorney:

1. Your bankruptcy attorney will help you determine if filing for bankruptcy is the right decision for you and your family.

We are here to help. Your bankruptcy lawyer will assess your situation and help you determine if filing is a smart decision.

2. Your attorney will help you understand state and federal bankruptcy laws.

Your bankruptcy attorney will evaluate your case and explain the relevant laws. Regulations can apply differently to each chapter and these laws my affect your eligibility.

3. Your attorney will stop the actions of debt-collection agencies.

No more annoying calls from collection agencies. Filing for bankruptcy stops the calls.

4. An attorney can help you avoid mistakes and get you the most out of your bankruptcy.

People filing for bankruptcy without a lawyer often make mistakes that delay the bankruptcy process or even cause their case to get dismissed. There may be errors on the paperwork, or you may even break the law without knowing it. Your attorney will make sure you do not compromise your financial or personal interests.

With your King and King legal support, the process of filing for bankruptcy will become much simpler and easier to manage. Your lawyer will guide you through every step – from filing the initial paperwork to representing you in court.

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.

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

4 Reasons Filing Bankruptcy In Georgia May Be Right For You

If you are unable to keep up with your bills, bankruptcy can help you achieve a clean slate and peace of mind. While there are definite benefits to bankruptcy, how do you know bankruptcy is right for you?

If you are considering bankruptcy, you should first consult a bankruptcy attorney to assess your unique financial situation, determine whether you qualify to file, and explain the process. Below are a few reasons filing bankruptcy may be your next step to a brighter financial future.

Overwhelming Debt

Unsecured debts include things like medical bills, credit card bills and broken apartment leases. Depending on whether you file Chapter 7 or Chapter 13 bankruptcy, these debts may be eliminated entirely or may be paid back little by little over time.

You risk foreclosure on your home

 A bankruptcy filing can stop you from losing your home and can clear away 2^nd mortgages in certain cases. Bankruptcy can prevent repossession of your assets as well. Motor vehicles, wedding rings and retirement accounts are examples of exemptions.

Your wages are being garnished

Bankruptcy will put an automatic stay on debt collection efforts taking any money out of your paycheck.

You are being harassed by creditors

As soon as a petition for bankruptcy is filed, creditors must stop contacting you immediately.

Bankruptcy will stop the debt collectors from calling, and help you to get the fresh start you need to get back on track.

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

What Types Of Debt Can Bankruptcy Eliminate In Georgia?

Debt that grows out of control is more common than most people think. At King and King we understand the stress and anxiety overwhelming debt can cause, we can help. Some debts are treated differently by the law and different chapters of bankruptcy offer different forms of debt relief. It is very important that the attorney you hire takes full advantage of the protections available under the Bankruptcy Code.

We offer our clients the possibility of relief from a wide variety of debt, including:

Medical debt

Credit card debt

Second mortgages

Back taxes

Personal loans

Business debt

Judgments

Malpractice judgments

With over 30 years of experience our attorneys will help you regain a sound financial footing. We will help you decide if Chapter 7 or Chapter 13 bankruptcy is right for you.

Our highly skilled bankruptcy representation allows us to offer our clients the strongest opportunity for resolving difficult financial situations. Our experience with Chapter 7 and Chapter 13 bankruptcy allows us to create resolutions that help our clients regain a sound financial footing so they can chart their path to greater economic certainty. Call King and King today for a free consultation at 404-524-6400 or visit us online at www.kingandkingattorneys.com

What Are The Benefits of Filing for Bankruptcy In Georgia?

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.

 Below are some of the benefits to filing for bankruptcy in Georgia:

• 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 put an end to wage garnishments.

• Filing for bankruptcy will put an end to repossessions.

• 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.

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

How Fast Can I File For Bankruptcy In Georgia?

If you have fallen far behind on your bills and are considering bankruptcy protection, you must be wondering how fast your bankruptcy filing will take effect. King and King understands the urgency of your situation. Your creditors have most likely been calling for weeks, months or longer. Your wages may have recently been garnished or the threat of home foreclosure or car repossession may loom large in your life. The good news is: King and King can help.

In most cases, King and King will file your bankruptcy the same day you come to our office.  This means you get the benefit of bankruptcy protection immediately.  Many clients leave the office with a case number already.

To speak with our skilled bankruptcy attorneys and put your financial future on a fast track, contact King and King for a free consultation at 404-524-6400 or visit us online at www.kingandkingattorneys.com 

Can Filing Bankruptcy In Georgia Protect Your Home?

Like many states in the U.S. foreclosures have impacted the lives of thousands in Georgia. If you are currently facing foreclosure proceedings or if foreclosure is imminent, King and King wants you to know that there are actions you can take to stop foreclosure and protect your home. By working with our experienced and compassionate Georgia bankruptcy lawyers, you can receive the support you deserve and the assistance you need to navigate through these difficult times.

Bankruptcy is a powerful tool in defending against foreclosure. One of the most important elements of foreclosure defense is the automatic stay. The automatic stay is issued immediately after you file with the bankruptcy court. Providing you with bankruptcy protection, the automatic stay orders all collection activities against you to stop. This means that all foreclosure proceedings will also cease while your bankruptcy is pending.

Using the time afforded by the automatic stay can be invaluable in allowing you to organize your finances. It may also permit the time you need to reach loan modifications with your mortgage lender and to negotiate more manageable and feasible mortgage terms. Payment plans reached in Chapter 13 proceedings can also potentially allow homeowners to make up missed payments and keep their property. Bankruptcy can also be used to completely strip second mortgages.

Time is a factor in foreclosure cases; call King and King today and schedule a free case evaluation so we can explore your foreclosure defense options. Work with experienced attorneys who really care about clients. Contact King and King today at 404-524-6400 or visit us online at www.kingandkingattorneys.com