If I File For Bankruptcy In Georgia Will I Lose My Car?

If you are thinking about filing for bankruptcy you may be worried you will lose your car. If you do not own your car, can it be repossessed? Can it be left out of the bankruptcy? King & King is here to help.

 

 

 

 Bankruptcy Can Help You Keep Your Car

If you are filing under Chapter 13 bankruptcy, you will be able to keep your car as long as you keep making your Chapter 13 plan payments and otherwise comply with your bankruptcy plan. Under Chapter 7 bankruptcy, 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. Your bankruptcy attorney will work with you to keep your car.

 

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

Is It Hard To Get Approved For Bankruptcy In Georgia?

Medical debts, credit card balances, car loans and other debts can spiral out of control.  It can be overwhelming, stressful and it can happen to anyone. If you are unable to pay your debts, you are most likely eligible for bankruptcy. The bankruptcy attorneys at King and King in Atlanta can help.

Our experienced, professional bankruptcy attorneys understand your situation.  We can help you choose the option that is best for you.  We are here to help and will work with you to improve your financial future.  Even before your bankruptcy petition is filed, our attorneys can help stop all creditor harassment.

In a supportive way, we will help you understand your options, the process of filing for bankruptcy, and help lift the burden of financial uncertainty.  After bankruptcy you can expect:

· Peace of mind

· Renewed confidence

· A end to the calls, emails and letters

· A fresh start

· A promising future

Contact our office today to schedule your free consultation.  With offices in downtown Atlanta and Lawrenceville, we are able to easily accommodate our clients living anywhere throughout the Atlanta metro area.  Give us a call at (404) 524-6400 or visit us at www.kingandkingattorneys.com for more information.

Finding the Right Atlanta Bankruptcy Attorney

Filing bankruptcy in Georgia can get your life back on track. Even after experiencing months or years of financial instability. Monthly bills can pile up and now creditors are calling so you may avoid answering the phone or checking the mail in fear of facing more stress. At King & King we understand and can help. Filing for either Chapter 7 or Chapter 13 bankruptcy can eliminate your debt so you can move on with your life and have a brighter financial outlook. Filing bankruptcy can be a complicated process, and enlisting the trust of a qualified bankruptcy attorney is invaluable. Our attorneys will take care of all the heavy lifting for you, so you can get back to your regular life — debt-free — as soon as possible.

Here are four things to look for in a bankruptcy attorney:

1. Your Bankruptcy Attorney Won’t Force You to File Bankruptcy

2. Your Bankruptcy Attorney Will Help You to Decide on Which Chapter to File

3. Your Bankruptcy Attorney Will Listen to You

4. Your Bankruptcy Attorney Should Have Time For Your Case

 

If you are considering bankruptcy, you do not have to go through this process alone. Get a skilled and experienced attorney on your side by calling the Georgia bankruptcy lawyers of King & King today at 404-524-6400.

Wage Garnishment In Georgia? King & King Can Help.

If you are facing wage garnishment, it can be hard. If you’re already under pressure financially, the added pressure may mean you no longer are able to buy groceries or pay for essentials like gas to get to work. At King & King we understand and may be able to help you.

 

If a creditor is garnishing your wages, we can stop the wage garnishment with a bankruptcy filing. In some cases, we may even be able to recover some of the garnished wages after we file your case.

 

When you file for bankruptcy, an automatic stay goes into effect. Before a creditor can resume collection efforts, they must ask a court to lift a stay. The creditor must have a valid reason for lifting a stay. Most creditors would not be able to get the stay lifted. Therefore, your wages would be protected as you work your way through the bankruptcy court.

 

If your debt is discharged by the bankruptcy court, the creditor cannot resume garnishment to collect the debt. If your case gets dismissed without a discharge, the creditor can take steps to reinstate the wage garnishment following the dismissal.

 

If your garnishments were within a 90-day period prior to your bankruptcy filing, the amount garnished was more than $600, and you have enough exemptions to cover them, we may be able to recover and return some of the garnishment proceeds.

 

By working with your experienced King & King bankruptcy attorney, you can stop wage garnishments and reclaim your financial freedom. Call our office today at 404-524-6400 and find out how we can help you.

Can I Rebuild Good Credit After Filing Bankruptcy In Georgia?

Filing for bankruptcy can be an important first step towards giving yourself the freedom you deserve. When you file bankruptcy and get relief from your debt, you no longer owe any money to your creditors.

 In order to preserve your newfound financial stability, you must take care to rebuild your credit and avoid common pitfalls. If you take some simple steps to rebuilding your credit after bankruptcy, your credit score will start to rise.  After as little as 18-24 months, your credit report can be a positive one.

Improving Your Credit Score

There are a number of things you can do to improve your credit score, including the following.

 

·         Acquire a Secured Credit Card. It may seem counterintuitive, but in order to rebuild your credit, you will need to take out loans and repay them. A secured credit card gives you credit you need to start to rebuild your credit.

 

·         Take out an Installment Loan. An installment loan is any kind of a loan that requires monthly payments, such as a car loan. You must make your payments on time.

 

·         Check and Correct Your Credit Report. After your bankruptcy has been discharged, check your credit reports. Contact the credit agency where the mistake appears to have it corrected.

 

Once you have completed a filing for Chapter 7 or Chapter 13bankruptcy your financial future is going to look brighter. King & King is dedicated to helping clients file for personal bankruptcy and rebuild their lives afterwards. For a free initial consultation, contact our office at 404-524-6400.

What Can You Keep in Chapter 7 Bankruptcy in Atlanta?

If you are thinking about filing for Chapter 7 bankruptcy in Atlanta, King & King can help. When bankruptcy works the right way, you will emerge from your bankruptcy debt free, while keeping your home, car, and possessions.



Property that will likely be exempt from liquidation in your Chapter 7 bankruptcy.



· Your primary motor vehicle.

· Clothing.

· Furniture, household goods and other items.

· Household appliances.

· Jewelry.

· Retirement pensions.

· Equity in your home.

· Tools of your trade.

· Social security, disability benefits and other public benefits.

· Personal injury damage awards.





Qualifying for bankruptcy is the first step you can take towards achieving a fresh financial start. Speak with a knowledgeable bankruptcy attorney from King & King today to get your questions answered with a no-obligation consultation.

Learn more about how to stop your home foreclosure, keep your car from being repossessed, and other important actions you can take to getting your life on track call King & King at 404-524-6400 for help today.

Filing For Chapter 13 Bankruptcy in Georgia Can Help You Keep Your House.

As a homeowner in Georgia, if you fall behind on your mortgage payments your mortgage company can begin the foreclosure process. Once this happens, your mortgage company may stop accepting payments until you pay the loan reinstatement amount. This amount can also include any interest, penalties, and legal fees you owe. This amount can quickly become be too much to pay. If you need help, bankruptcy may be the solution you are looking for.

What is the Automatic Stay in Chapter 13 Bankruptcy?

Filing a Chapter 13 bankruptcy triggers an automatic stay. This protection is powerful enough to stop creditor action, including a foreclosure. Once your attorney files your Chapter 13 case, you will set up a payment plan which allows you to pay back your past due mortgage payments over a three-to-five-year period. You will not have to pay the full loan reinstatement amount at one time.

 

If your home is at risk of foreclosure, call the bankruptcy lawyers at King & King for a free consultation. We can help you file for bankruptcy, and ensure that the creditor calls and collection letters stop so you can get the peace of mind you need and deserve. Call us today at 404-524-6400 or visit us at www.kingandkingattorneys.com