If you are facing foreclosure, garnishment, a lawsuit or judgment, tax levy, or have creditors constantly calling you, bankruptcy is a viable option for you. When you file bankruptcy, all creditors are immediately prohibited from calling you, suing you, foreclosing on your property, garnishing your wages, repossessing your car, getting a judgment against you, or taking any collections actions against you. Bankruptcy is a vehicle that gives you time to resolve your financial problems under the protection of the law.

There are generally two types of bankruptcy available to consumers, a Chapter 7 or a Chapter 13. 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.

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.