Bankruptcy Lawyer in Commerce, GA

When you are struggling to pay back huge amounts of debt, are at risk of losing your home, or have had a lawsuit filed against you to recover money owed, filing for bankruptcy may be the solution. Filing for bankruptcy can provide you with a fresh start, and the clean slate that you need to improve your financial future. At the law offices of Mitchell & Crunk, our Commerce, GA bankruptcy attorneys can help you navigate the path to a successful economic reboot.

Chapter 7 and Chapter 13 Bankruptcy

If you are considering filing for bankruptcy, our attorneys can assist you in understanding the two most common bankruptcy types, how each works, and which one is ideal for your situation. The most basic information that you need to know about each is that:

  • Under Chapter 7 bankruptcy, your unsecured debts are eliminated. In order to qualify for Chapter 7 bankruptcy, also known as liquidation bankruptcy, you must pass a means test, and have little (or no) disposable income.
  • Under Chapter 13 bankruptcy, on the other hand, you will be responsible for paying back a portion of your debts via a payment plan. While you may be forced to pursue Chapter 13 bankruptcy if you make too much money to qualify for Chapter 7, Chapter 13 offers a number of benefits, such as the opportunity to keep your house and other assets.

Chapter 7 and Chapter 13 bankruptcy are not the only kinds of bankruptcy. When you meet with our lawyers, we will assess your situation to determine whether or not filing for a different type of bankruptcy is advised.

When You Can File for Bankruptcy in Georgia

It is highly recommended that you meet with a legal professional who can review your financial situation and provide you with competent and accurate advice for filing for bankruptcy. While most bankruptcy laws in Georgia mirror federal laws, you should receive information from your lawyer regarding:

  • Georgia bankruptcy exemptions (which are not the same as the federal bankruptcy exemptions);
  • Qualifications for Chapter 7 bankruptcy and filing a means test; and
  • Filing your forms in the correct bankruptcy court.

It is also important that you understand the requirements for pre-bankruptcy filing and credit counseling. These requirements stipulate that before you can file for Chapter 7 or Chapter 13 bankruptcy, you must receive credit counseling from an approved agency. This credit counseling helps to ensure that you understand your options before moving forward with filing for bankruptcy.

Contact Our Bankruptcy Lawyers in Commerce, GA Today

At the law offices of Mitchell & Crunk, our experienced Commerce bankruptcy attorneys know the stress and worry that you are facing when your finances are in disarray. When you find yourself out of options and nervous about what will happen next, scheduling a free phone consultation with our lawyers is a step in the right direction. If filing for bankruptcy is the right thing for you, our attorneys will provide you with the support, counsel, and guidance you are looking for.

Schedule your phone consultation with one of our bankruptcy attorneys in Commerce, GA by calling us today at 770-722-9765. We also welcome walk-ins.