Dalton Bankruptcy Attorney
CONTACT A DALTON BANKRUPTCY ATTORNEY TODAY
The decision to take bankruptcy in Georgia can be a difficult one; but having an experienced bankruptcy attorney on your side can help evaluate all options and make the best choice. For people who are dealing with unmanageable debt, bankruptcy may be the best option. At the Jeffery B. Kelly Law Office, we can help determine if bankruptcy is right for you. We are experts in both chapter 11 and chapter 13 and as a local firm, we know the challenges of the Dalton area.
WHAT TYPE OF BANKRUPTCY BEST SUITS MY NEEDS?
Chapter 7 bankruptcy is possibly the most common form of bankruptcy and offers a “fresh start” to clients by eliminating debt, while chapter 13 will re-structure your debt. Not every situation is the same, and every case will require a unique approach to the bankruptcy filings. Let us help you with your debt management and securing your financial future.
CHAPTER 7 BANKRUPTCY
If you are looking for a fresh start, Chapter 7 bankruptcy might be right for you. This type of bankruptcy is often called “liquidation.” It involves getting rid of all non-exempt property to pay creditors and then eliminating all other debts. You often get to start a new path debt free, with only a few debts left to your name. This can make payments more manageable as well as allow you to focus on moving forward quickly.
Debt you may be able to quickly eliminate includes the following:
- Property you do not wish to keep
- Credit card debt
- Medical debt
- Personal loans
In order to file Chapter 7 bankruptcy, you must pass an income qualification test called a “means test.” This determines whether your income is low enough to file liquidation bankruptcy. A Dalton bankruptcy attorney can analyze your income, expenses, and debts and see if you qualify. You will know if you qualify before you file for Chapter 7 bankruptcy so that you’re prepared before a judge sees your case.
Once your Chapter 7 is approved, you must meet with your creditors. Although you may be required to attend some hearings, your Dalton bankruptcy attorney can attend others without you. By seeking the help of an experienced legal advisor, you can continue with your life as your lawyer handles your case for you.
CHAPTER 13 BANKRUPTCY
If you wish to keep most of your property, you may choose to restructure your debt through a Chapter 13 bankruptcy. Similarly, if you don’t qualify for a Chapter 7 bankruptcy through the means test, we can help you file Chapter 13. A Dalton bankruptcy attorney can help you weigh the pros and cons of these types of bankruptcy to determine which is right for you.
Chapter 13 bankruptcy allows you to reorganize your debts into a payment plan that will last between three and five years. This will greatly cut down on your payments and may allow you to avoid significant interest payments.
Once your Chapter 13 bankruptcy is approved, you will work with a trustee who will manage your repayment. Once your repayment plan is complete, all unsecured debt that is left may be eliminated. This allows you to make more manageable payments while retaining your property.
THE BANKRUPTCY FILING PROCESS
Before consulting with a Dalton bankruptcy attorney, you should gather information about your finances and your debts. This will allow us to evaluate your situation and help you determine if Chapter 7 or Chapter 13 is right for you. If you do not have all of the necessary information, we can help you gather it before you file for bankruptcy.
REBUILDING CREDIT AFTER BANKRUPTCY
There is life after bankruptcy! However, you will need to work at building your credit after bankruptcy. This might include using a secured credit card, making sure the bankruptcy is properly recorded with your creditors and working to remove creditor judgments from you report or records. Many creditor judgements can be removed from your records after bankruptcy. But, this process is not automatic. There is a court process to do so. Some types of judgements cannot be removed; for example, child support and tax liens.
DISCLAIMER : The information contained on this page is for information only. It is not intended to be legal advice, nor should you make legal decisions based on this information. Please consult with me to see how the law applies to your particular situation. We are a debt relief agency. We help people obtain relief from their creditors by helping people file bankruptcy.
Are you ready for a new life?
Our Dalton office is located at 305 Pointe North Place Suite 2, Dalton GA 30720.