Reduce Debt And Stop Creditor Actions
Can’t pay your debts? Creditors threatening to take action? Filing for bankruptcy provides immediate protection and offers a fresh start to your finances.
At our Carrollton law firm, attorney John Dufour has helped thousands of individuals and families in West Georgia achieve relief through Chapter 7 and Chapter 13 bankruptcy. He will answer your questions, guide you through the process and help you take full advantage of this the debt relieft process.
Could bankruptcy be the solution?
Let’s explore your debt problems and legal options in a free consultation. Call 770-215-1733.
The Protections Of Bankruptcy
Whether you recently fell on hard times or slowly got deeper in debt, you managed to keep your creditors at bay. But once they threaten to take your house, your car or your wages, it’s a different story. Filing for bankruptcy triggers an automatic stay that allows you to:
- Stop home foreclosure – This buys you time to catch up on the mortgage or make other plans.
- Stop vehicle repossession – You can even get your repossessed car back if you act within 10 days.
- Stop wage garnishment – Creditors cannot siphon your paychecks.
- Stop creditor harassment – The phone calls, threats and collection actions grind to a halt.
Chapter 7 Or Chapter 13 Bankruptcy
Chapter 7 bankruptcy eliminates your unsecured debts such as credit cards, medical bills and utility bills. Certain tax debts may also qualify. Under the Georgia bankruptcy exemptions, you can keep most or all of your assets, including a car, retirement savings and home equity (up to a limit). Your income must be below a certain threshold (the means test) to file for Chapter 7. If you qualify, your debts are discharged in three or four months to give you a fresh start.
Chapter 13 bankruptcy is a debt repayment plan. You make one monthly payment to a bankruptcy trustee, based on your disposable income, for three to five years. At the end of your plan, any remaining debts are forgiven. Chapter 13 may be necessary if you earn too much to file Chapter 7, if you owe arrears on your house or your car, or if you would forfeit too many assets in Chapter 7.
Bankruptcy cannot discharge student loans, child support arrears, recent taxes or collateralized loans, but eliminating unsecured debt will free up money to meet those obligations. John Dufour will help you decide whether you are a candidate for Chapter 7 or Chapter 13.
Take The First Step To Debt Freedom
If you’ve already borrowed from your 401(k) or family to cover debts, you are probably out of options. Whether you want to save your home and keep your paychecks, or simply erase debts that are dragging you down, reach out today. Put a stop to the creditor harassment and get a new start.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.