Georgia Bankruptcy Attorney

What is bankruptcy?

It is important to understand the requirements necessary for a bankruptcy filing.  With the assistance of a Georgia bankruptcy attorney from Rickman & Blevins, P.C., the mystery surrounding this legal form of debt relief can be quickly dispelled.  Many individuals are concerned about their credit after bankruptcy.  The truth is that if you are considering a filing, your credit score is probably already in serious trouble, and when a bankruptcy filing has been successful, you will show that you are no longer in debt.  It is usually not many months after the filing is complete that you are given more offers for credit.  It is no longer the stigma that it once was to have filed bankruptcy.  It is quite likely that many of your neighbors have already done so, and are happily going on with their lives.  The legal team at the firm takes special care with each client, and an attorney understands the stress and emotional despair that credit problems cause.  The attorney will make your case a real priority and you will never be "just another number" at this intimate and effective law firm.

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is for individuals who have a certain level of income.  It is required that you take a "means test" which determines whether you are eligible for Chapter 7.  It is strongly urged that you contact an attorney from the firm to assist you in filling out the means test.  If you fail to fill it out correctly, you will be denied the opportunity to file Chapter 7, which is the form of bankruptcy in which debts are "discharged".  There are certain types of debt that cannot be discharged, such as recent taxes or child support.  However, most types of debt can be discharged in a Chapter 7 filing, which means you will no longer owe anything.  How this works for you is determined on an individual basis, and a bankruptcy lawyer from their office is prepared to review your situation and advise you of your options.

Chapter 13 Bankruptcy

When not eligible for Chapter 7 bankruptcy, or choosing to file Chapter 13, this may be a good option for those who have a steady income, whether through employment or as a self-employed business owner.  This form of bankruptcy allows the individual to restructure their back debt and pay it off over a period of years, usually between 3 and 5 years.  This is a great opportunity to handle the financial stress in a reasonable fashion.  It also will result in a freedom from any creditor calls, and threatening letters.  Many debts are reduced in this form of bankruptcy filing, and it can be a great solution for those who are facing a home foreclosure and have a co-signer on the home, as it provides better legal protection for the individual who assisting you to buy your home.

Contact a Georgia bankruptcy attorney from Rickman & Blevins, P.C. if you are unable to pay your debts and are seeking a legal solution for your problems.