Automatic Stay

Serving Lawrenceville & Atlanta, GA

Lawrenceville & Atlanta Bankruptcy Relief: Automatic Stay Benefits

Contact The Ballard Law Group for Debt Relief Assistance

Automatic stay is the magic bullet of the bankruptcy code. Once you file bankruptcy—either Chapter 7 or Chapter 13—automatic stay prohibits all of your creditors from taking any action to collect debt from you. This means that creditors can’t call you on the phone, repossess your car, garnish your wages, levy your bank accounts, or file a lawsuit against you—and if a lawsuit is ongoing, it stops (this includes foreclosures).

When drowning in debt and being constantly harassed by creditors and collection agencies, you need to understand the options that Congress has provided you through bankruptcy solutions. These options bring you many benefits, the first of which is the automatic stay. Right away, your stress level is eliminated and you can concentrate on putting your financial house in order. At The Ballard Law Group, we have helped hundreds of clients reduce or erase runaway debt, save their homes from foreclosure as well as their cars from repossession, and stop the loss of income through wage garnishments by using appropriate bankruptcy options. Our firm is dedicated totally to this field of law which means we do nothing else but provide legal debt relief for our clients.

Get the information you need about debt relief and the automatic stay by contacting The Ballard Law Group online or at (404) 800-9939 for a free consultation.

Understanding the Power of the Automatic Stay in Bankruptcy

Automatic stay continues in place while your bankruptcy case is pending (Chapter 7) or as long as you continue to make your plan payments (Chapter 13). If creditors take any action against you while you are under bankruptcy protection, the bankruptcy code allows you to file a motion against that creditor for violation of the automatic stay and to request an award of compensatory damages, punitive damages, and attorney fees from that creditor.

Discover Your Legal Options for Debt Relief

At The Ballard Law Group, we understand that navigating the complexities of bankruptcy and debt relief can be overwhelming. That’s why we’re committed to educating our clients about all available options to regain control of their financial future. Whether you’re considering Chapter 7 or Chapter 13 bankruptcy, or exploring alternatives such as debt settlement or credit counseling, our experienced attorneys can guide you through the process and help you make informed decisions.

Here are some key debt relief options you might consider:

Chapter 7 Bankruptcy: Aimed at discharging unsecured debts, allowing you to start fresh soon after filing.
Chapter 13 Bankruptcy: A reorganization option for those with a steady income, enabling them to repay debts over time while keeping their assets.
Debt Settlement: Negotiating with creditors to pay a lump sum that is less than the full amount owed, reducing your total debt burden.
Credit Counseling: Professional assistance to help you understand your finances and create a manageable budget.

No matter your situation, our Lawrenceville team is dedicated to finding the best path forward for you. We offer a free initial consultation to discuss your financial concerns and review your options without pressure or obligation.

Unlock Your Financial Future with Personalized Legal Support

At The Ballard Law Group, we understand that every financial situation is unique. That's why our dedicated team takes the time to listen to your specific circumstances and craft a tailored strategy to help you navigate your bankruptcy journey. Our compassionate attorneys are committed to guiding you through complex financial decisions, ensuring you feel supported every step of the way.

Here’s how we can assist you in taking control of your financial future:

Personalized Consultations: We offer free initial consultations to discuss your financial situation and options without any pressure.
Comprehensive Case Evaluation: Our legal experts will conduct a thorough review of your financial status, debts, and assets to determine the best course of action.
Clear Communication: We prioritize transparent communication to keep you informed about your case progress and any decisions that need to be made.
Post-bankruptcy Support: After filing, we provide ongoing guidance on rebuilding your credit and financial management, setting you up for long-term success.

Choosing to seek bankruptcy relief is a significant decision, and with The Ballard Law Group at your side, you’ll have the support and expertise necessary to reclaim your financial freedom. Contact us today for a confidential consultation!

Regain Financial Stability with The Ballard Law Group

If you are being sued or harassed by creditors, now is the time to talk to a bankruptcy attorney in the Atlanta area about your options. As the premier bankruptcy firm in the region, The Ballard Law Group can evaluate your individual situation and advise you as to whether a Chapter 7 or Chapter 13 bankruptcy proceeding would be in your best interests. We urge you to take advantage of our free consultation to get started today.

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Contact The Ballard Law Group

End Financial Stress & Threats

You don’t have to live with the stress of bills and legal threats. Let an experienced bankruptcy attorney help you get a fresh start with a customized debt resolution.

Call The Ballard Law Group at (404) 800-9939 or contact us online to schedule your free, initial consultation and find out how our firm can help you today.

Lawrenceville Chapter 7 Bankruptcy FAQs

Frequently Asked Questions about Chapter 7 Bankruptcy

Considering Chapter 7 Bankruptcy can lead to many questions and uncertainties. At The Ballard Law Group, we strive to provide clarity during this crucial time. Below are some of the most common questions our clients ask, along with concise answers to help you navigate your bankruptcy journey:

What debts can Chapter 7 bankruptcy help eliminate?

Chapter 7 bankruptcy can eliminate most unsecured debts, such as credit card balances, medical bills, and personal loans. However, certain debts like student loans, tax obligations, and child support typically cannot be discharged.

How long does the Chapter 7 process take?

The Chapter 7 bankruptcy process usually takes about three to six months from filing to discharge. However, each case is unique, and various factors can affect the timeline.

Will I lose my property if I file Chapter 7?

Not necessarily. In many cases, individuals can keep their essential assets through state exemptions. Our experienced attorneys will evaluate your situation to help protect what’s important to you.

Will filing for bankruptcy affect my employment?

In most cases, employers do not have access to your bankruptcy records. It typically does not affect your job status or prospects going forward. However, certain positions requiring security clearance may have specific guidelines regarding bankruptcy.

How can The Ballard Law Group assist me with Chapter 7 bankruptcy?

Our dedicated team will guide you through every step of the Chapter 7 process. From your initial consultation to securing your discharge, we’re here to provide personalized support and represent your interests in the best possible manner. Your peace of mind is our top priority.

If you have more questions or are ready to discuss your options, don't hesitate to reach out to us. We're here to help you regain control of your financial future!

Eligibility Criteria for Chapter 7 Bankruptcy in Georgia

To be eligible for Chapter 7 bankruptcy, you must pass the means test, which involves comparing your income to the median income in your state. You must also complete credit counseling and provide a list of your assets and debts.

Timeline for Completing Chapter 7 Bankruptcy

The entire Chapter 7 bankruptcy process typically takes three to six months from the date of filing to the discharge of debt. However, each case is unique and the timeline can vary depending on the complexity of the case and the court's schedule.

Non-Dischargeable Debts in Chapter 7 Proceedings

Certain debts, such as student loans, taxes, and child support payments, are not dischargeable in Chapter 7 bankruptcy. However, our attorneys can help you explore other options for managing these types of debts.

Protecting Your Assets During Chapter 7 Bankruptcy

No, you will not necessarily lose all of your property if you file for Chapter 7 bankruptcy. There are exemptions available that allow you to keep certain types of property, such as your primary residence, vehicle, and personal belongings.

Filing for Chapter 7 Bankruptcy Multiple Times

Yes, you can file for Chapter 7 bankruptcy more than once, but certain time limits apply. If you received a discharge in a previous Chapter 7 case, you must wait eight years before filing another Chapter 7 case. If you received a discharge in a previous Chapter 13 case, you must wait six years before filing a Chapter 7 case.

What are the benefits of filing Chapter 7 bankruptcy in Lawrenceville?

Filing for Chapter 7 bankruptcy in Lawrenceville can offer several benefits, including the discharge of unsecured debts such as credit card debt, medical bills, and personal loans. It provides immediate relief from creditors, halting foreclosure, wage garnishment, and harassment. This process can help individuals regain financial control and start rebuilding their wealth without the burden of overwhelming debt.

Can I keep my property after filing for Chapter 7 bankruptcy in Georgia?

Yes, in many cases, you can keep your property after filing for Chapter 7 bankruptcy in Georgia. There are state-specific exemptions that may protect your home, vehicle, and personal belongings. It's crucial to consult with a knowledgeable bankruptcy attorney to understand which of your assets may be exempt and to navigate the process effectively.

Bankruptcy FAQ

How does bankruptcy work?

When someone files for bankruptcy, they must disclose all their assets, liabilities, income, and expenses. Depending on the type of bankruptcy, a trustee may be appointed to oversee the process. The debtor's assets may be liquidated to repay creditors or a repayment plan may be created. Once the bankruptcy is complete, the debtor is discharged from their remaining debts.

What are the different types of bankruptcy?

There are different types of bankruptcy, including Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves the liquidation of assets to repay creditors, while Chapter 13 bankruptcy involves creating a repayment plan to repay a portion of the debts over a specified period of time.

Will bankruptcy ruin my credit?

Bankruptcy will have a negative impact on your credit score, but it is not permanent. With proper financial management and responsible credit behavior, you can rebuild your credit over time.

Can I keep any of my assets if I file for bankruptcy?

The answer depends on the type of bankruptcy you file. In Chapter 7 bankruptcy, some assets may be exempt from liquidation, such as your primary residence, necessary personal property, and retirement accounts. In Chapter 13 bankruptcy, you can keep your assets while repaying your debts through a repayment plan.

Can I file for bankruptcy without an attorney?

While it is possible to file for bankruptcy without an attorney, it is highly recommended to seek the assistance of an experienced bankruptcy attorney. They can guide you through the complex legal process, ensure your rights are protected, and help you achieve the best possible outcome.

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