Bankruptcy is really painful as it gives immense tension to the debtor as well as his or her special someone and loved ones. There have been instances when people have gone to any extent to avoid filing bankruptcy. Some have even gone to the extent of selling everything they own. But there is a way out. Consider filing a chapter 7 bankruptcy.
Filing for Chapter 7 bankruptcy is an arduous task. It is utmost necessary that you take the help of a bankruptcy attorney to file bankruptcy Atlanta. If you are looking to start financially on a fresh note, you should file a chapter 7 bankruptcy. This form of bankruptcy is the most common and considered as the straight or liquidation bankruptcy. Once a Chapter 7 Atlanta is completed, all possible debts are eliminated for the debtor. In Atlanta, you may only file a Chapter 7 bankruptcy if your household income falls below certain levels set by the concerned authority. This limit is equal to the average household income for the state and also the size of your family is taken into account.
Filing bankruptcy is not that easy. Your creditor might object
Filing bankruptcy is not that simple. A creditor might object to your Chapter 7 case if you have a lot of credit card bills in the six months to a year prior to filing. Or, your bankruptcy can be challenged if you have wrongly presented your financial affairs in a personal financial statement. But with a reliable bankruptcy attorney on your side, there is nothing to worry about. If a creditor does object, your attorney can usually negotiate a partial payment plan for that particular debt. You also have the opportunity to convert your bankruptcy case to a Chapter 13 repayment plan.
Benefits of hiring an experienced bankruptcy attorney
The benefits of hiring an experienced bankruptcy attorney are huge. He or she can review your finances and help you to file a bankruptcy if the need arises. The attorney can help you with one or more strategies whereby you can rebuild your credit after Chapter 7 Atlanta. He or she can also help you in keeping your property with you when filing bankruptcy. If filing for bankruptcy Atlanta won’t help you out of your current financial problems, an experienced bankruptcy attorney can provide you with alternatives to file bankruptcy.
To end with it can be said that an experienced bankruptcy attorney can bring you out of the financial mess. He or she can easily help you to file bankruptcy Atlanta and start a fresh financial life.