Jeffrey B. Kelly Esq.
Chapter 13 is a great tool for stopping foreclosures, repossessions, garnishments and best of all…..those pesky creditor phone calls. Many people like to refer to Chapter 13 as the “catch your breath provision” of the bankruptcy code. In contrast to Chapter 13, Chapter 7 helps people wipe out all of their debt and get a new fresh start.
This is the worst economy our nation has experienced since the 1930′s. Many people are suffering through no fault of their own. For some, it is a recent loss of job. For others, it’s medical, divorce, death of a family member, or some other event that came from nowhere. When I was sixteen, my father passed away. It took six months before the life insurance policy paid. For my mother and me, this was a long six months. I can still remember that day I came home from school and discovered that our electricity had been turned off. I empathize with people who are going through tough times. Sometimes bad things happen to good people. It is not your fault.
I hope you will explore my website and please feel free to email me or call me at 888-832-8249 with any questions you may have. If you fill out your name and email address in the box on the right side of this page, I will email you information on how the bankruptcy process works and some pitfalls to avoid. If you would like to save some time on your case preparation, you can print and fill out the questionnaire before you come in. If you click on the link below, it will open a PDF version of the questionnaire. Otherwise, we will fill all of the paperwork for you.
Call my office today at 888-832-8249 for your free consultation. I would like to sit down with you and review your entire economic situation to see if we can come up with a plan that works for you.
Sincerely,
Jeff Kelly
Click Here if you would like to fill out the questionnaire before your appointment.
Click here for Top Ten Myths About Bankruptcy
Other Posts:
1. What is Chapter 13?
2. What is Chapter 7?
3. How much does it cost to file?
4. Stop Garnishment
5. Stop Foreclosure
Tagged as:
cartersville ga bankruptcy attorney,
dallas ga bankruptcy attorney,
dalton ga bankruptcy attorney,
rome ga bankruptcy attorney
When you file Chapter 7 bankruptcy in Georgia, I don’t think you should ever reaffirm a car lease.
Chapter 7 bankruptcy gives you the chance to be free from your debt. When you reaffirm a debt, you basically agree to treat to the debt as if you have never filed bankruptcy against it so that you can keep the collateral. Why would you ever want to reaffirm a car lease? Many Georgia consumers don’t realize how much money they are going to have to pay the car company at the end of the lease because of the fees for going over the mileage limits. Any person who is considering reaffirming a car lease should review the lease carefully with their bankruptcy attorney and try to make an estimate of how much money you will have to pay the car creditor at the end of the lease.
A car lease deal usually starts with a buyer walking onto the car lot dreaming about some luxury vehicle. You look and the shiny exterior and wonder in amazement as to how anyone could have designed such a beautiful car. You open the car door and smell the leather. You sit in the driver’s seat and feel comfort like you have never felt in any other car. Then, you put your hands on the wheel and imagine yourself driving fast on the Georgia mountain roads with the top down. Next, you get out of the car and look at the price tag. Reality slaps you across the face and steals your dream. But wait! Here comes the car salesman! So what if you can’t afford to “buy” the car. You can “lease” it and drive it home today.
Ask yourself this question, “If they won’t let you buy the car because you can’t afford it, why would they let you lease it?” The short answer is that they get to take advantage of you when you get suckered into a lease.
Chapter 7 bankruptcy is the time to get free. It is not the time to put debt shackles on your hands and feet. Don’t reaffirm the car lease!
Other Posts:
1. What is Chapter 13?
2. What is Chapter 7?
3. How much does it cost to file?
Tagged as:
Bankruptcy,
car lease,
chapter 7
