Is Filing Bankruptcy in 2024 Right for you?

 

At King & King, we understand that deciding whether or not to file for bankruptcy in Georgia is a very important decision to make. That’s why 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.

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.

 

Can Chapter 7 Bankruptcy Work For You?

Chapter 7 bankruptcy allows you to have most if not all of your debts discharged. Bankruptcy laws can be complicated, you can schedule a free consult with King & King where we can help determine whether Chapter 7 is right in your situation, and help navigate the bankruptcy process for you. If not Chapter 13 bankruptcy may be an option.

 

 

 

 

How Can Chapter 7 Bankruptcy Help?

As soon as you file your bankruptcy, an automatic stay goes into effect that stops all collection efforts of your creditors, including lawsuits, wage garnishments, foreclosure, or eviction proceedings, and more.  At the end of your Chapter 7 case, the bankruptcy court will discharge your debts, including:

 

Credit cards

Medical bills

Overdue rent and utilities

Personal loans

Some tax debts

Certain legal judgments

After a discharge, you will have no further legal obligation to make any payments on those debts again, you will have a fresh start.

 

Find Out How Our Chapter 7 Bankruptcy Lawyers Can Help

King & King understands how difficult and stressful life can be when you feel as if you are drowning in debt. If you don´t think you can bring your debts under control, and need the help of a team of caring professionals, please call us at 404-524-6400 for your free consultation.

Can I File For Bankruptcy In Georgia?

Yes you can! You need to decide if you should file Chapter 7 or Chapter 13 bankruptcy. We can help and 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.

 

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 Advantages Of Filing Chapter 7 Bankruptcy?

The first is chapter 7 bankruptcy is usually the fastest, least expensive form of bankruptcy. The Atlanta bankruptcy attorneys at King & King can help you clear your debt and get a fresh start.

 

Advantages Of Chapter 7 Bankruptcy

Chapter 7 bankruptcy in Georgia stops garnishments immediately.

Payments to your creditors stop.

Harassment from creditors stops as soon as you file.

In most cases, you can keep your car and your home.

Chapter 7 bankruptcy covers credit cards, medical bills, payday loans, personal loans, lines of credit, car loans, mortgages, and most other debt. Chapter 7 also removes debts to utility companies.

 

For our clients, filing a Chapter 7 bankruptcy puts them on the road to financial freedom. You do not have to commit to a repayment plan or repay a single unsecured creditor.  If Chapter 7 will not work for you, then we may be able to help you file a Chapter13 bankruptcy.  Contact us so we can help you better understand the process and which chapter is right for you.

 

Filing your chapter 7 bankruptcy with King and King can be quick and simple.

 

Call King and King today at 404-524-6400 for a free consultation. We will review your situation and schedule a meeting to get started. Don’t wait: you could be debt free in as little as three to four months. Visit www.kingandkingattorneys.com for more information.

Can Bankruptcy Stop Foreclosure In Georgia?

Many people who are considering bankruptcy in 2023 fear that they will lose the things that they worked hard for when they file. We can help you can keep your home, especially if the home is in danger of foreclosure.

 

Bankruptcy can stop foreclosure, and give you time to put a plan together.

 

The Automatic Stay

One of the benefits of filing for bankruptcy is the automatic stay. In both Chapter 7 and Chapter 13 bankruptcy filings, the automatic stay begins as soon as the bankruptcy case has been filed. The automatic stay stops all collections by creditors. Foreclosure proceedings are included in that group of actions that are stopped.

 

Chapter 13 Bankruptcy

Chapter 13 bankruptcy proceedings allow you to repay past-due mortgage payments a little bit at a time over several years rather than forcing you to pay all at once. If you can remain current on the monthly plan and mortgage payments, you should be able to keep your home.

 

Contact King & King For a Free Consultation Today

An experienced Georgia bankruptcy lawyer can help you determine the best way to stop a foreclosure, help you utilize the best exemptions to protect your property, and can help address any concerns you have about the bankruptcy process.

 

Call King & King today at 404-524-6400 to schedule a free consultation to discuss how bankruptcy may help you.

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.