If you have been negatively affected by COVID-19, there may be options available to you in order to keep your bankruptcy plan on track. You do not have to choose between putting food on the table and paying for bankruptcy.
Begin the Road to Relief With the Help of Our Bankruptcy Lawyers In Dalton GA
– Brandon Freeland
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If you are in financial distress, you have options that our bankruptcy lawyers in Dalton, GA, can help you assess. Learn more here.
Choosing Bankruptcy Lawyers In Dalton GA
Selecting the right bankruptcy lawyers in Dalton, GA, can be a difficult decision during a financially challenging time. It might even feel like spending more when you are already strapped for cash is counterproductive. An experienced bankruptcy lawyer on your side will assist you in evaluating every option available to you so you can make the best choice for your situation.
In many cases, bankruptcy is often the best option and may help you avoid repossession of property. At Bournakis & Mitchell, PC, lawyers can help decide whether bankruptcy is the appropriate choice for you.
Since bankruptcy isn’t your only alternative, you want to consult GA bankruptcy lawyers to obtain information that constitutes legal advice. An experienced debt relief agency can work to ensure you avoid creditor harassment while you work to avoid bankruptcy court.
When You Are Choosing Bankruptcy Attorneys in Georgia
If you seek bankruptcy attorneys in Georgia, you may want to consider avoiding that unless it is the last option. Sometimes, you can negotiate manageable monthly installments or a reduced debt settlement. Although this will stop financial institutions from taking collection actions, it may affect your credit.
While handling one of the most challenging times of your life, having the right bankruptcy lawyers in Dalton, GA, can make a big difference. Our attorneys can help with:
You will want a law office that will not only help you fill out your personal bankruptcy forms but will also represent you in court. Sometimes, loan consolidation will result in a worse financial condition, mainly if they include higher interest rates than the original ones were.
Bankruptcy Attorney in Dalton GA for Different Types of Bankruptcy
A bankruptcy attorney in Dalton, GA, is well versed in the U.S. Bankruptcy Code, which offers businesses and consumers relief. Generally, there are three types of individual bankruptcy:
- Chapter 7
- Chapter 11
- Chapter 13
Each has different advantages and different requirements depending on the specifics of your situation.
Chapter 7 Bankruptcy in Georgia Is the Most Common for Most People
For individuals and families who own fewer assets, earn smaller incomes, and seek a fresh start, Chapter 7 bankruptcy in Georgia offers relief via liquidation of assets. This involves selling or otherwise getting rid of the non-exempt property enabling you to pay your creditors and eliminate the rest of your debts.
Although this does affect your credit, it allows you to start a future with minimal debts remaining. The payments are more manageable, which will enable you to clear them more quickly.
There are certain debts that you might be able to eliminate quickly. These include but are not limited to the following:
- Credit Card Debt
- Expendable Property
- Medical Expenses
- Personal Loans
According to an income qualification test, a Dalton bankruptcy lawyer will analyze your debts, expenses, and income to see if you qualify for a Chapter 7 bankruptcy. This is to determine if your resources are insufficient enough that you can file for liquidation bankruptcy.
If the Chapter 7 bankruptcy is approved, you might be required to meet with some of them in hearings, but your Dalton bankruptcy lawyer may be able to attend many without you.
When you contact an experienced legal advisor for your bankruptcy filings, you can continue working to make money and advance other aspects of your life. At the same time, your attorney takes care of your case to handle your unmanageable debt for you. Hire a reputable lawyer today to secure your financial future.
Chapter 11 Bankruptcy in Georgia
Generally, Chapter 11 Bankruptcy in Georgia is used to reorganize corporations, proprietorships, or a person’s substantial estate. Chapter 11 allows the business to continue to operate while the company is paying the creditors that are covered under the reorganization plan.
A company might be able to continue conducting business during the reorganization process.
Chapter 13 Bankruptcy in Georgia
Using Chapter 13 bankruptcy in Georgia is an option for higher-income families or a person consistently making earnings surpassing the eligibility requirements for Chapter 7 who face foreclosure. This type of bankruptcy allows you to repay your debts on an installment plan extending between three and five years. This option offers several advantages, like keeping your existing properties.
You may want to restructure your debt through a Chapter 13 bankruptcy if you don’t qualify for a Chapter 7 bankruptcy. Chapter 13 generally requires month-to-month payments in order to maintain all the home and other properties. Bankruptcy lawyers in Dalton, GA, can determine which type of bankruptcy is the right one for you.
After the approval of a Chapter 13 bankruptcy, you work with a trustee who manages your court-approved repayment plan. After that, any remaining unsecured debt will likely be eliminated. The right legal agency will stay by your side and guide you through the bankruptcy process.
Take the First Step to Living Debt-Free
“The attorneys and team at this office are incredible! They are honest, knowledgeable considerate, and very pro-active. Although, my issues were small matters, I always felt important. I appreciate all the support they have given me and would recommend them to anyone looking for legal help.”
– Leslie Johnson
“Excellent! Awesome advice, communication, and just all around a very positive experience. My case was a little unique and Randall was the only one in north Georgia that would take it on. Long story short, we won. Thank you!!”
– Brandon Freeland
“I don’t write many reviews, but this team deserves 5 stars!! After many phone consultations, and even some other firms frankly blowing us off,I called Randall. We were in his office the NEXT day getting paperwork in order and filing our claim. Filing bankruptcy can be very nerve racking! Randall and his team made it feel effortless!!”
– Scott Misico
Bankruptcy Lawyer Dalton GA
A bankruptcy lawyer in Dalton, GA, will help you negotiate insolvency as a legal treatment that will assist a person or a business in removing their financial obligations and paying back their lenders. This immediately stops financial actions by their creditors. This can assist with:
- Consolidating your debt
- Eliminating credit cards, medical debt, and student loans
- Filing bankruptcy
- Saving your business, your car, or your home
- Updating home mortgages
Personal bankruptcy is handled by federal law. Therefore, insolvency cases are generally dealt with in federal court.
Pick a Skilled Georgia Bankruptcy Attorney
When dealing with financial issues, you want to choose a Georgia bankruptcy attorney who is known for providing an excellent attorney-client relationship. Local attorneys like Bournakis & Mitchell will be able to give you the best advice for financial aspects in your area.
Hiring Dalton GA Lawyers for Legal Advice and Representation
When seeking a consultation with Dalton, GA lawyers, you want a firm where an excellent attorney-client relationship exists. If you are trying to retain your company, home, or vehicle, the right Georgia attorney can help you. Contact us today to learn more about bankruptcy law in Dalton, GA!
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