Are you facing a stressful financial burden that has creditors harassing you for payment? In accordance with the Fair Debt Collection Practices Act, filing for bankruptcy can end creditor harassment while helping you reorganize or forgive much or all of your debts.
Our Northwest Georgia bankruptcy lawyers can be reached at (706) 350-6075. Call us to schedule your free initial consultation today.
Bankruptcy qualification is based primarily on your assets and your income. If you own too many assets, then you may run the risk losing property if you file a Chapter 7 liquidation; this is where a Chapter 13 repayment can be an extremely effective tool in gaining debt relief without losing your property.
If your income is above the median, you may not qualify to discharge, or wipe debts clean. Again, you may be better suited for Chapter 13 where you would repay a percentage of your debts based on your income. These pitfalls make it so important to consult with an attorney before filing so that you do not put yourself in risk of losing property or be denied a discharge.
Prepare for bankruptcy by talking with a knowledgeable Northwest Georgia bankruptcy attorney at Bournakis and Mitchell, P.C. To start, you do not want to utilize any credit before filing; this includes balance transfers or cash advances. You do not want to repay any loans to family members or make any large payments to any one creditor. You do not want to take loans against retirement savings to pay bills. You do not want to transfer any property to friends or family members.
By taking these steps, you can help ensure that your filing goes as smoothly as possible. For more information about the process, contact our firm today. We have offices in Cartersville, Dalton, and Rome for your convenience.