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Marietta, Ga Attorneys At Law

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(678) 354-2290

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Benefits of Bankruptcy in Georgia

 

NEED A LAWYER FOR YOUR BANKRUPTCY IN MARIETTA, GA?

 

Filing for bankruptcy has many benefits and can help you seek the financial relief you are looking for. If you are over your head in debt or suffering from creditor harassment, consider filing for bankruptcy. Feel free to discuss your unique financial situation with an experienced Marietta bankruptcy lawyer from Blevins & Hong, P.C.

 

 

BEHIND ON MORTGAGE PAYMENTS

 

There are different benefits that can follow the various types of bankruptcies. For both types of bankruptcy; however, the debtor is benefited by the automatic stay order. As soon as you file for bankruptcy, an automatic stay is triggered which halts any collection actions from creditors. You are able to find relief from the letters, calls, threatened lawsuits and any other collection action from your creditors.

 

CHAPTER 7 BANKRUPTCY ADVANTAGES

 

The main benefit of filing for a Chapter 7 bankruptcy in Georgia is that you will be relieved from the majority of your debts. Most of your debts will be discharged, with a few exceptions, but you are left with the 'fresh start' that most people are seeking in bankruptcy.

 

GET RID OF DEBT

 

The exceptions to this are debts including alimony payments, child support, student loans and taxes. Unsecured debts such as your credit card bills, personal loans or medical bills should all be discharged in a Chapter 7. Another benefit is that the relief happens pretty quickly. Generally, the debts will be eliminated in about six months and you can begin your fresh start.

 

CHAPTER 13 BANKRUPTCY ADVANTAGES

 

This type of bankruptcy is also known as a reorganization bankruptcy due to the plan that is developed in order to help you find relief from a financial struggle. A Chapter 13 bankruptcy involves placing a debtor on a repayment plan in order to pay back their creditors over time. Oftentimes, the amount repaid is only a portion of the debt owed, but the creditor will be able to receive some payment for the debt. Some advantages of this specific type of bankruptcy include:

 

  • You are able to keep all of your property
  • You are given a set period of time to repay your debts
  • The amount that you owe can be reduced
  • Your co-signers on loans are safe
  • You can avoid foreclosure or repossession
  • You are protected against collection efforts by creditors
  • You can have some debts discharged

 

BLEVINS & HONG, P.C. CAN ASSIST IN YOUR BANKRUPTCY

 

If you are considering filing for bankruptcy and have questions about the benefits it can have in your situation, feel free to contact our firm. We have been assisting clients in their bankruptcy cases for years and have had ample success in helping debtors find the relief that they need. Contact our firm today to set up your free consultation!

 

 

 

 

 

 

 

 

Blevins & Hong, PC

Blevins & Hong, Marietta attorneys at law

Marietta, Ga Attorneys At Law

Marietta Attorneys.  Bankruptcy.  Personal Injury.  DUI.  Criminal Attorneys.  Civil RIghts.  Blevins & Hong
Marietta Attorneys.  Bankruptcy.  Personal Injury.  DUI.  Criminal Attorneys.  Civil RIghts.  Blevins & Hong
Marietta Attorneys.  Bankruptcy.  Personal Injury.  DUI.  Criminal Attorneys.  Civil RIghts.  Blevins & Hong
Marietta Attorneys.  Bankruptcy.  Personal Injury.  DUI.  Criminal Attorneys.  Civil RIghts.  Blevins & Hong

191 Roswell St Marietta, GA 30060

(678) 354-2290

Open Today: 8am to 5pm

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