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Bankruptcy

Helping Woodstock and Alpharetta Clients Declare Bankruptcy in Georgia

The bankruptcy attorneys at North Metro Litigators represent clients under Chapters 7 and 13 of bankruptcy law. Our attorneys work side-by-side with clients to ensure that bankruptcy is the best option for the client before filing.We are also dedicated to producing the best solutions for our clients during their financial difficulties.

Our Woodstock bankruptcy attorneys help our clients find relief from the many financial issues such as…

  • Collections and repossessions
  • Credit card debt
  • Debt discharge
  • Foreclosure
  • Garnishment
  • Reorganization and restructuring
  • Workouts

Our experienced Georgia bankruptcy attorneys offer assistance with bankruptcy filing at a reasonable cost to our clients and are willing to work out a payment schedule that works for your financial situation.

Chapter 7 vs. Chapter 13 Bankruptcy Filings

For those who are struggling with unsecured debts like credit card debt, medical bills, and certain tax debts, Chapter 7 provides relief that is immediate. Chapter 7 bankruptcy allows individuals to liquidate (and not pay) most of these debts. When you file under chapter 7 of the federal bankruptcy code, you are normally allowed to keep some of your assets and start over debt free, with the exception of some tax debt, student loans, and child support payments.

Many people think that when you file for Chapter 7 bankruptcy, you will lose all of your property. This is actually not the case at all. The majority of your household property is actually exempt from creditor collection efforts, and you can even keep your car and your home in certain cases.

When filing for Chapter 7 bankruptcy, be prepared to disclose the names and addresses of your creditors, the nature of each debt, information pertaining to your own income, a list of your household’s monthly expenses, and information regarding your assets.

If Chapter 7 is the best option for you, you will work directly with a bankruptcy lawyer to create the necessary documents and formulate the best plan of action in your case. Our attorneys have the expertise and experience to determine the best course of action for you in your unique circumstances.

You will need to speak to an attorney to find out if you are eligible for a Chapter 7 bankruptcy. It will be determined whether or not you can feasibly re-pay your debts and expenses with the income you are currently bringing in. This will help to determine whether or not you should be filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy. Our experienced bankruptcy attorneys can help you to better understand your individual case.

Chapter 7 bankruptcy can be complicated and confusing. Your unique situation may benefit more from a Chapter 13 bankruptcy. It is essential to have a qualified attorney help you navigate the process. We will work closely with you to determine the best action for you to take. Contact our attorneys today for a free consultation.

Please see our Forms page to print out the forms we require you to bring with you. 

In the case of chapter 13 bankruptcy, consumers repay their debts, but are able to work reasonable repayment terms. Both chapter 7 and chapter 13 bankruptcies provided debtors with protection from their creditors. Our bankruptcy attorneys will help you determine which option is right for you.

Chapter 13 bankruptcy in Alpharetta is often the solution for individuals who are looking to protect property and reorganize and reduce other debts. Chapter 13 bankruptcy provides you with a way to gain back control. Your creditors will be prohibited from calling you, and you will be provided with relief from all of the stress and frustration debt can cause.

Chapter 13 allows the debtor to come up with a debt repayment plan that cannot exceed five years. This plan must address how the debtor plans to repay priority claims such as back taxes. Since Chapter 13 requires the debtor to make scheduled payments in full to a court-appointed trustee, the debtor must have a stable income and a disposable income.

A debtor may be better off filing for Chapter 13 bankruptcy in many instances. For example, you may not qualify for a Chapter 7 bankruptcy. If your income over the last six months has actually been more than the average income of a household your size in your state, you will not be able to pursue this. In a situation like this, it may be better to file for Chapter 13 bankruptcy.

There are many other aspects that you will need to consider when you are deciding whether to file Chapter 7 bankruptcy or Chapter 13 bankruptcy. These two plans have many benefits, but they each have different benefits.

It is very important when filing for bankruptcy–whether that is Chapter 7 or Chapter 13 bankruptcy–that you take your time and really think about all of your options. Having all of the facts and a comprehensive understanding of both options is going to be extremely important. This is why it is important to speak with an attorney. The right attorney will be able to explain the bankruptcy process to you in debt and help you to make important decisions regarding your personal financial situation.

In order to navigate the Chapter 13 process, it is essential to have a skilled and knowledgeable attorney who understands this process in depth. Contact our attorneys today.

Please see our Forms page to print out the forms we require you to bring with you. 

There are many benefits associated with declaring bankruptcy. It provides you with the opportunity to get a fresh start on your finances. You will be able to discharge most of your debts and start over. Many individuals experience a sense of relief when filing for bankruptcy as this will prevent utilities from being shut off, prevent property from being repossessed, and stop those phone calls from collections agencies.

If you are considering bankruptcy, it is essential that you understand all of your options before you act. Speaking with a bankruptcy attorney is the most beneficial way to gain a comprehensive understanding of possible actions that would benefit you and your financial situation. Everyone has different circumstances, and while a chapter 7 bankruptcy may be the best option for one individual, a chapter 13 bankruptcy may be the better option for another person.

Why You Should Contact a Woodstock Bankruptcy Attorney

A bankruptcy attorney will be able to make sure you know everything you need to know about the possibilities that are available to you, and he or she will be able to provide legal advice on which option is going to be the most beneficial in the long run. We are able to assist most clients with bankruptcy filings for either no attorney’s fee or a little as $200 attorney’s fees down.

If you would like more bankruptcy information, or would to speak with a credit card debt lawyer about bankruptcy rules and ramifications, contact us today for a consultation with a top Woodstock bankruptcy attorney. Our lawyers will help you find the best solution to your financial problems.