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Bankruptcy is a legal process that provides individuals and businesses relief from overwhelming debt. It offers protection from creditors while either eliminating debt through Chapter 7 or reorganizing it through Chapters 11 or 13.
If you're struggling with overwhelming debt, facing foreclosure, or experiencing creditor harassment, bankruptcy might be appropriate. During your free consultation, we'll evaluate your specific situation and discuss all available options.
Yes. Once you file bankruptcy, an automatic stay immediately stops all collection activities, including calls, letters, lawsuits, foreclosures, and wage garnishments.
Most unsecured debts can be eliminated, including:
Credit card debt
Medical bills
Personal loans
Old utility bills However, certain debts like recent taxes, student loans, and child support cannot be discharged.
Not necessarily. Georgia law provides exemptions that protect significant assets, including:
Up to $21,500 in home equity ($43,000 for couples)
Up to $5,000 in vehicle equity
Personal property up to $5,000
100% of qualified retirement accounts
Chapter 13 immediately stops foreclosure and allows you to catch up on missed payments over 3-5 years while maintaining current payments. It may also allow you to eliminate second mortgages if they're completely underwater.
Chapter 13 payment plans are based on your income, expenses, and types of debt. We'll work together to create an affordable monthly payment that satisfies legal requirements while meeting your needs.
Yes. Chapter 11 is designed to allow businesses to continue operating while reorganizing debt. You maintain control of operations while developing and implementing a reorganization plan.
The process varies, but businesses typically have 120 days to file a reorganization plan. The entire process may take several months to over a year, depending on complexity.
Costs vary based on your situation and type of bankruptcy. During your free consultation, we'll discuss all fees and payment options. Remember, investing in professional guidance often saves money in the long run.
Chapter 7 bankruptcy remains on your credit report for 10 years, while Chapter 13 remains for 7 years. However, many clients begin rebuilding credit immediately after discharge.
While bankruptcy is public record, most people never know unless you tell them. Your privacy is important, and we handle all cases with complete confidentiality.
Chapter 7: Typically 3-6 months
Chapter 13: 3-5 year payment plan
Chapter 11: Varies based on complexity
Bring basic financial information including:
Recent pay stubs
Tax returns
Major bills
Collection notices However, don't delay scheduling if you don't have everything - we can start with whatever information you have.
Contact our office at: 770-436-3334 or fill out our online contact form. We offer flexible scheduling, including evening and weekend appointments.
*This information is general in nature and should not be considered legal advice. Schedule a consultation for advice about your specific situation.