Coleman Legal Group, LLC
How Can a Personal Bankruptcy Help Me?
Our attorneys have answered this question for thousands of people and helped many of them get immediate relief and a fresh financial start. In the initial consultation with a new client, one of the most frequently asked questions is “Do I qualify for a filing a bankruptcy case?” The fact is that the vast majority of people that we meet with about filing bankruptcy qualify for a case and will receive substantial relief from their debts with no loss of assets. More importantly, the vast majority of these people also qualify for both a Chapter 7 and Chapter 13 bankruptcy. So frequently our answer is, “Yes, you do qualify for bankruptcy, you can file a Chapter 7 or a Chapter 13, and you will benefit substantially when you do file.”
What is the Best Personal Bankruptcy Case For Me?
Because every person’s situation is different, it is important to first explain some basic fact regarding the different kinds of bankruptcy cases available. Individuals and married couples can file a Chapter 7, Chapter 13 or in rare circumstances, a Chapter 11 bankruptcy case. A married person can file alone or with their spouse. A single unmarried person will always have to file an individual one person case.
In a personal Chapter 7 Bankruptcy case, you will usually be able to totally discharge (to release from the obligation to pay) the following types of debts within three (3) or four (4) months:
- Credit Card Debts
- Store Charge Accounts
- Medical and Dental Bills
- Unsecured Personal Loans
- Certain Kinds of Past Due Tax Obligations
- Contract Obligations
- Personal Loans
- Many Types of Law Suits and Judgments
In a personal Chapter 13 bankruptcy case, you agree to a three (3) or five (5) year payment plan where either a very small amount to all of their debts are paid back over time. During this time however, interest will not accrue on credit cards and the debtor is protected by my collection activity by the bankruptcy automatic stay. A Chapter 13 bankruptcy case may also discharge certain kinds of debts that a Chapter 7 will not.
Most commonly, the answer is that a person should file a Chapter 7 bankruptcy case. If they are married, and both spouses have significant debt, they should file as a couple. Again, this is the most “common” answer – not the only right answer. It is imperative that you speak with an experienced attorney before making any final decisions about filing bankruptcy. Coleman Legal Group, LLC’s attorneys offer a free no obligation consultation where this question will be answered for you.
Our Alpharetta, Cumming and Atlanta Georgia Bankruptcy Attorneys Will Answer Your Bankruptcy Questions
If you are considering a Chapter 7 or Chapter 13 bankruptcy, our attorneys will provide guidance for making the best decisions for filling bankruptcy. The experienced attorneys in our office can explain specifically which debts are dischargeable in a free consultation.
Coleman Legal Group, LLC’s enhanced bankruptcy services include at no extra charge:
- Same Day Filing if Necessary: Our bankruptcy attorneys can file an emergency bankruptcy case electronically and very quickly.
- We Fill Out the Forms: Our attorneys and paralegals complete all of the bankruptcy forms and paperwork for you and file with the case with the bankruptcy court. We do not require you to fill out tedious forms to meet with an attorney or to file.
- Can’t Find Copies of Your Tax Returns?: If you cannot locate you tax returns, our attorneys can request a tax return transcript if needed. This can be very helpful because the court requires a copy of your filed tax returns as a part of a bankruptcy case.
- Questions About the Required Bankruptcy Credit Counseling?: We offer multiple options for your court required bankruptcy credit counseling. You can complete the credit counseling in-person, via telephone and from the comfort of your home on the internet. You can even take the bankruptcy credit counseling course in our office if needed.
- Unsure About Creditors?: Not sure how much you owe to creditors? Not sure if you have a judgment or lien against you. We can obtain a copy of your credit report and public records report during your free bankruptcy consultation.
The Immediate and Long Term Relief a Personal Bankruptcy Case Provides
Filing a personal bankruptcy immediately stops foreclosures, stops garnishments and stops virtually all other types of collection activity by your creditors. And after you receive your bankruptcy discharge, you will no longer be required by law to pay any of your debts that are discharged. Upon filing bankruptcy, you can immediately begin working on repairing your credit score. And because you no longer owe debts that you cannot possibly pay, your credit score can be repaired much faster than normal.
The bankruptcy discharge operates as a permanent Court order that mandates that your creditors must stop any and all collection activity against you for the discharged debts. This includes all legal action, law suits, phone calls, dun / collection letters, garnishments and all communications with you intended to obtain payment.
How Bankruptcy May Be Preferable Over a Mortgage Loan Modification, Deed in Lieu of Foreclosure or Short Sale
Many clients find that bankruptcy is frequently preferable to a short sale, mortgage loan modification, creditor workout, settlement, payment plan, debt consolidation or deed in lieu of foreclosure. This is because many of these alternatives sound good in theory, but are very difficult to get approved, offer little real debt relief, and often include hidden tax penalties. Most, if not all of these disadvantages fortunately do not apply in bankruptcy.
Also, if you are a homeowner you may have already learned that loan modifications and short sales are time-consuming, difficult, and frequently impossible to get approved. If you are one of the many thousands of homeowners hopelessly buried in mortgage debt and you owe more than your home is worth, you can use bankruptcy to surrender your home in an orderly manner that meets your needs. In addition, if you have exhausted your savings trying to keep unprofitable rental properties, you can also use personal bankruptcy to orderly surrender the properties. This will allow you to immediately return your valuable time and attention to rebuilding wealth.
As a court approved debt relief agency, we help people file for bankruptcy relief under the U.S. Bankruptcy Code. United States Bankruptcy Code pursuant to Section 528(a)(4).
Bankruptcy, Personal and Business Cases – Georgia Areas We Serve
Our Georgia bankruptcy lawyers and attorneys handle cases in the following cities and communities: Atlanta, Alpharetta, Roswell, Duluth, Johns Creek, Milton, Cumming, Suwanee, Marietta, Woodstock, Sandy Springs, Kennesaw, Gainesville, Midtown Atlanta, Norcross, Lawrenceville, Kennesaw, Duluth, Buckhead, Dunwoody, Vinings, Smyrna, Buford, Inman Park, Old Fourth Ward, Decatur, Grant Park, East Atlanta and the Virginia Highlands.
Our Georgia bankruptcy lawyers and attorneys frequently handle cases for clients residing in the following counties: Fulton, Gwinnett, Forsyth, Cobb, DeKalb, Henry, Cherokee, Douglas, Carroll, Coweta, Paulding, Bartow, Hall, Barrow, Walton, Newton, Rockdale, Henry, Spalding, Fayette and Clayton.
Coleman Legal Group, LLC has offices conveniently located at:
North Point Park
5755 North Point Parkway
Alpharetta, GA 30022
Phone: 770-609-1247 | Map
|Dunwoody / Sandy Springs
GA 400, Atlanta Georgia
1200 Abernathy Road, Bldg 600
Northpark Town Center
Atlanta, GA 30328
Phone: 770-609-1247 | Map
|Johns Creek / Duluth Georgia
11555 Medlock Bridge Road
Johns Creek, GA 30097
Phone: 770-609-1247 | Map
125 TownPark Drive
Kennesaw, GA 30144
Phone: 770-609-1247 | Map
Copyright © 2022 | Coleman Legal Group, LLC | All Rights Reserved. Coleman Legal Group, LLC • 5755 North Point Parkway, Suite 51 • Alpharetta, GA 30022 • 770-609-1247 DISCLAIMER: The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.