Atlanta Bankruptcy Attorneys

If you are facing foreclosure, garnishment, a lawsuit or judgment, tax levy, in the Atlanta area, bankruptcy is a viable option for you. Bankruptcy is a legal vehicle that is governed by the court systems and gives you time to resolve your financial problems under the protection of the law.

What Can Filing Bankruptcy Do to Help You?

1.  Bankruptcy stops all creditor actions immediately. When you file bankruptcy, all creditors are immediately prohibited from:

• calling you;
• suing you
• foreclosing on your home;
• garnishing your wages;
• repossessing your car; and,
  
• getting a judgment against you.

2.  Bankruptcy allows you to keep your home and car.  Bankruptcy gives you options for catching up on delinquent home and car payments or gives you time to decide if you do not want to keep the property. 

3.  Bankruptcy wipes out debt that you cannot repay.  At the end of a successful bankruptcy case, the court issues an order that states your debts (subject to exceptions) are discharged or wiped out.  You do not have to repay those debts after you receive the discharge order, and creditors are prohibited by law from collecting on those debts.

Types of Bankruptcy

There are generally two types of bankruptcy available to consumers, a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. Chapter 7 is commonly referred to as a “straight bankruptcy” because it is a liquidation bankruptcy that does not require any type of consolidation of your debts. Chapter 13 is a bankruptcy that allows you to restructure and consolidate your debts into a monthly payment that is based on your disposable income. Creditors are prohibited from collecting against you in either type of bankruptcy. Further, you can keep your house and your car in either type of bankruptcy. Our attorneys can help you determine which type of bankruptcy is the best type of bankruptcy for you based on your individual financial circumstances. Please call The Law Offices of Betty Nguyen Davis at (404) 593-2620 or contact us on the web for a free consultation with an attorney in Atlanta, Georgia.

Legal disclaimer:
The materials on this web site have been prepared by The Law Offices of Betty Nguyen Davis, LLC for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, a lawyer-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel. Do not send us information until you speak with one of our lawyers and get authorization to send that information to us.