Looking for a Bankruptcy Attorney Atlanta? The city is home to a number of law firms. Here are some examples of firms that offer quality representation. First, choose a law firm that incorporates financial literacy into its practice. Then, find out what you can expect from a bankruptcy attorney after a consultation. They should also be able to let you know what to expect after filing for bankruptcy. After all, you need an attorney to protect your interests, right?
The cost of hiring a bankruptcy attorney varies, depending on the complexity of your situation and the type of bankruptcy you need. For example, if you are filing for a Chapter 11 bankruptcy, attorneys will charge upwards of $1,500. For a Chapter 7, the cost may be as little as $649. But if you need a Chapter 13 bankruptcy, expect to pay anywhere from $475 to $1,800.
Another option is Chapter 7, also known as liquidation bankruptcy. This option is used by individual debtors who want to walk away from their debt. But it has strict qualifications and restrictions. You should choose an Atlanta bankruptcy attorney who has experience representing both debtors and creditors. You won’t be alone; bankruptcy attorneys in Atlanta have helped many people overcome financial hardships. And they can help you decide whether bankruptcy is the right option for you.
If you’re considering filing for Chapter 7 bankruptcy, you should know that you need to meet certain income requirements in order to qualify. A Georgia bankruptcy attorney can determine if you’re eligible by performing a means test. It takes into account your income, family size, and expenses to determine if you can afford filing for Chapter 7 bankruptcy. You must also complete a credit counseling program. After a consultation, you should submit a list of assets and liabilities, as well as other required documentation.
While filing for bankruptcy is a serious decision, it’s worth it. An Atlanta bankruptcy attorney can help you navigate the process and make sure your interests are protected. While it’s not easy to admit that you’re in over your head, a bankruptcy attorney can help you get a fresh start and stop late fees and nasty collections phone calls. So don’t wait any longer – contact an Atlanta bankruptcy attorney today.
Chapter 13 bankruptcy is the second-most common bankruptcy type in the U.S. Chapter 13 involves creating a payment plan over 3 to 5 years. The debtor pays to a court-appointed trustee, who distributes the money to the creditors. Once the repayment plan is complete, any remaining debts will be discharged. So, while Chapter 7 bankruptcy is a major decision, it’s important to remember that it’s possible to catch up on your payments with this type of bankruptcy.