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.

Can I File for Bankruptcy More than Once in Georgia?

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.

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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

What Are The Differences Between Chapter 7 Bankruptcy & Chapter 13 in Georgia?

Chapter 7 bankruptcy and Chapter 13 bankruptcy are the most commonly filed types of bankruptcy in Georgia. Whether you can file a Chapter 7 or Chapter 13 bankruptcy depends on your income, assets, debts, and your financial goals. Your attorney will assist you in determining which type of bankruptcy will work best for you.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is designed to wipe out your unsecured debts, credit cards, and medical bills for example. You would qualify for Chapter 7 bankruptcy if you are unable to pay your debts on time and your income is below the set threshold.

When you file for a Chapter 7 bankruptcy, a trustee is appointed to your case. The Chapter 7 trustee’s job is to sell your nonexempt property to pay back your creditors. If you don’t have any nonexempt assets (most cases are like this), your creditors receive nothing. King & King can help you protect your assets and keep everything you own in most Chapter 7 cases.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is designed for debtors with regular income who can pay back some of their debts through a repayment plan. If your income is too high to qualify for Chapter 7 bankruptcy, a Chapter 13 case can provide you substantial relief. Chapter 13 bankruptcy also offers many benefits that Chapter 7 bankruptcy does not, such as the ability to catch up on missed mortgage payments.

Another benefit of Chapter 13 bankruptcy is you get to keep your property. In Chapter 13 you pay back a portion of your debts through a repayment plan. The amount you pay back depends on your income, expenses, and types of debt. Typically, Chapter 13 bankruptcy is for debtors who can afford to make monthly payments to get caught up on missed mortgage or car payments.

King and King has over 30 years of experience, and we are here to assist you in determining if filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy is best for you. Please call us for a free initial consultation at 404-524-6400 or visit us online at www.kingandkingattorneys.com.

Six Signs That You Should Talk To a Bankruptcy Attorney

At one time or another everyone experiences some financial difficulties. If you are running into any of these problems, bankruptcy may put you back on the path to financial stability.

•  You are unable to make the minimum payments on your credit cards.
•  You are taking out payday loans.
•  Creditors are calling you.
•  You are having trouble sleeping at night because you are worrying about money.
•  You are struggling to make car your payments.
•  You have missed a mortgage payment.

Even if you are only experiencing one or two of the events on the list, it is better to meet with a Georgia bankruptcy attorney sooner rather than later. Contact the attorneys at King & King for a free consultation. 

Your attorney will look at your entire financial situation, answer any questions you have, and inform you about your options. Call us at 404-524-6400 or visit us online at www.kingandkingattorneys.com

Credit Card Debt Can End, Bankruptcy Can Help

Bankruptcy is designed to remove the burden of debt and to give you a fresh start. In your initial consultation with King & King, we will discuss your financial problems and develop a solution just for you.

Many of the clients we speak with have been struggling for months or years to make minimum monthly credit card payments. The average credit card interest rate is over 20%. Paying the minimum payment, it can take you 10 years or more to pay off your debt. Filing bankruptcy in Georgia can wipe the slate clean so you can move forward.

Chapter 7 bankruptcy can wipe out all of your credit card debt and unsecured loans, including medical bills. A Chapter 13 bankruptcy will allow you to make payments based upon your monthly budget, and usually you only pay back just a small fraction of your debt. As soon as your bankruptcy is filed the threats of lawsuits and garnishment will stop immediately.

Filing for bankruptcy allows you to take control of your finances. Call 404-524-6400 and speak with an attorney at King & King for a free bankruptcy evaluation. We can help, call today.

Why Choose King & King As Your Bankruptcy Attorney?

The bankruptcy attorneys of King & King have the expertise and knowledge to help you keep your property and get out of debt. Our attorneys are dedicated to giving their full focus and attention to your case. Each case is tailor-made for every client.

As your bankruptcy lawyer, we will explain your rights and options so together we can make decisions that are best for your financial needs. Prior to accepting your case, we will provide an in-depth consultation that is completely free of charge. Once we have an understanding of your situation, we will put you on a path to a financially stable life with lasting debt relief.

When you need a bankruptcy lawyer you can depend on, King & King can help. We have assisted thousands of clients in Georgia to resolve their financial troubles, and will help you understand the process of bankruptcy and its related laws and requirements.

The best way to approach your debt depends on your specific circumstances and needs. Our bankruptcy attorneys have the skills, knowledge, and real experience needed to guide you toward your goals. We will help you make the right choices, and explain exactly what happens next and how it will affect you and your family. At King & King, we are on your side and will treat you with the respect and consideration you deserve. Give us a call today at 404-524-6400 or visit us at www.kingandkingattorneys.com