The Ballard Law Group
Experienced bankruptcy attorneys
Are you overwhelmed with debt? You are not alone. Millions of people are struggling to make ends meet because of heavy financial obligations. At The Ballard Law Group, our priority is to help you resolve your financial challenges by helping you exercise your options under the federal bankruptcy code.
We understand the burden that significant debt can cause and we can help lift that burden with a customized debt resolution plan.
It doesn’t matter how you got into debt–we are only concerned with getting you out of debt as quickly as possible. End the harassing phone calls and regain control of your life today!
Bankruptcy could be the answer to your financial problems:
It’s time to explore your options for a brighter future.
Filing bankruptcy doesn’t have to be scary. It is an acceptable option for responsible adults who want to get their finances back in order. Here in Georgia, filing bankruptcy could:
- Be a major first step towards improving your credit score
- Allow you and your family to avoid the devastating experience of foreclosure
- Possibly prevent creditors from repossessing your belongings (including your car)
- Open the doors to rebuilding your finances and starting fresh
Filing for Chapter 7 Bankruptcy
When you file for a Chapter 7 bankruptcy in Georgia, you are essentially given a fresh start financially. Your assets that are not exempt from collection will then be sold, and your creditors each paid a portion of the profits.
After this, you are free of your debt burden. However, it is important to note that you can not eliminate debt from alimony, child support, some taxes, and student loans.
Filing for Chapter 13 Bankruptcy
When you make the decision to file for a Chapter 13 bankruptcy in the state of Georgia, you work with your creditors to create a repayment plan. Over the course of three to five years, you will be expected to make regular payments to pay off your debt. This can prevent you from losing your home or car. After three to five years, your remaining debt will be discharged and you are essentially debt-free, aside from any child support, alimony, some taxes, and student loans.
Chapter 13 is your best option if you have non-exempt property that is valuable. In most other cases, Chapter 7 is ideal.
Answers to some common questions about bankruptcy:
Will I lose my home or car if I file bankruptcy?
In many cases, you will be able to keep both your home and your car. You will be expected, however, to pay its non-exempt value to your creditors.
Will bankruptcy affect my credit?
If you are in a position to file bankruptcy, your credit may already be poor. Filing bankruptcy in Atlanta may not make things much worse but you should know that the bankruptcy filing will be on your credit report for ten years. On the plus side the filing of bankruptcy may put you in a better position to pay your current bills and begin to rebuild your credit. In many cases people who have declared bankruptcy are in a better financial position and with stronger credit scores than those who are still stuck wondering how to pay their overwhelming debts.