| Bankruptcy law can be complex; you need | | | | online). |
| someone to educate you on why bankruptcy will | | | | Help with Documentation |
| work for you. Depending on the form of personal | | | | Most bankruptcy filings require little input on your |
| bankruptcy you choose--Chapter 7 or Chapter | | | | part. With Chapter 7, you rarely have to even go |
| 13--there are many benefits in filing. This guide | | | | to court. With Chapter 13, you often go to court |
| focuses on Georgia, but the reality is federal laws | | | | but it's very short. A good bankruptcy attorney |
| on bankruptcy are uniform in most respects | | | | handles most of the in court negotiations. You will |
| except for where you file, who can file, and what | | | | file at either Georgia Middle District Court, Georgia |
| debt counseling classes you take. | | | | Northern District Court, or Georgia Southern |
| You can eliminate credit card debt with Chapter 7 | | | | District Court depending on where you live. |
| bankruptcy. For Georgia home owners, filing | | | | Also, income comes into play whether you're filing |
| Chapter 13 bankruptcy can help avoid foreclosure. | | | | for Chapter 7 or Chapter 13, specifically in |
| There were tens of thousands of Georgia | | | | Georgia. Say you are a single resident living in |
| foreclosures in 2009, including over 30,000 alone in | | | | Georgia with an income under $40,691; in this |
| the third quarter of 2009, but many of these | | | | case, you are eligible for Chapter 7. If you make |
| could have been avoided. | | | | more than $40,691, the current median income |
| There are many other key benefits of filing | | | | for Georgia, you will likely have to file under |
| bankruptcy, including: | | | | Chapter 13 bankruptcy. This is because you make |
| -Peace of mind | | | | too much money; most are at the least eligible |
| -Freedom from creditor harassment | | | | for Chapter 13, unless secured and unsecured |
| -Debt discharge | | | | debts are too high. If you are in a different state, |
| -More time to pay back bills | | | | you have to find out eligibility based on median |
| Hiring an experienced attorney is clearly an | | | | income. |
| effective way to start the process of rebuilding | | | | Save You Time |
| your finances. You may think filing with the courts | | | | Filing bankruptcy takes time. You typically wait 3-4 |
| is your first step in getting a second chance. In | | | | months for a Chapter 7 bankruptcy discharge, |
| fact, hiring a good Georgia bankruptcy attorney is | | | | where your assets (if you have any) are |
| the first step. | | | | liquidated by a trustee appointed by your Georgia |
| Why? Let's go over six benefits of hiring a | | | | bankruptcy court, and debts eliminated. Chapter |
| Georgia bankruptcy attorney. This goes over | | | | 13 bankruptcy does take longer, usually 3-5 years. |
| specifics on how Georgia bankruptcy works, | | | | You will have to follow a lot of laws during the |
| namely with eligibility for Chapter 7 and Chapter | | | | process, particularly on taking Georgia debt |
| 13 bankruptcy allowed in Georgia. | | | | management classes and other requirements. A |
| Know the Laws for Georgia Bankruptcy | | | | bankruptcy attorney can oversee the entire |
| A professional bankruptcy attorney does more | | | | process of filing and discharge, saving you time. |
| out of the court room than in. For one, it takes | | | | Save You Money |
| an understanding of the laws to get a successful | | | | A bankruptcy attorney can also save you money. |
| bankruptcy. True, most bankruptcies are smooth, | | | | But they charge fees, right? Yes, they do, but |
| but that's because an experienced attorney | | | | when you think about how bankruptcy works, |
| knows the laws, knows your options, and can help | | | | you'll see the value of talented legal counsel. In |
| if there are any big or small problems with the | | | | Chapter 7, you can eliminate thousands if not tens |
| documentation, your income, and other aspects. | | | | of thousands in debt. With Chapter 13, the home |
| You can find experienced Georgia bankruptcy | | | | you worked all your life to pay for can be saved. |
| attorneys at the State Bar of Georgia (who are | | | | |
