If you’re facing financial troubles, talking with a bankruptcy lawyer near you could help. Georgia residents are dreading having to declare bankruptcy because of COVID-19 but their future is at stake. With few options remaining it may be the best option to protect your financial future. There comes a time when talking to a bankruptcy lawyer may be the only safe way out of your financial troubles. Financial distress can affect many people during an economic recession and depression. It’s how you respond that makes all the difference. When things turn dire, talking with us can be the lifeline you’re looking for.
Filling for bankruptcy can help you slow down the harassing calls from creditors. Some may think it is a simple process but filing for bankruptcy can be quite complex. You can file on your own or have an experienced bankruptcy lawyer help. There are many bankruptcy lawyers in Atlanta who say they can help but few who can get you the results you need. We can help and we’re dedicated to helping you end your debt and protect your financial future.
How common is bankruptcy?
Before 2020, cases of bankruptcy had been on a steady decline. Yet, experts are predicting there may be a surge in the number of cases in the coming months. The uncertainty that hovers around COVID-19 will unfortunately force many people into bankruptcy.
The most common type of bankruptcy, Chapter 7 and Chapter 13
There are several forms of bankruptcy that one can file to find financial relief. The most common are chapter 7 and chapter 13. Chapter 7 is where you ask the courts to discharge all your debt. A successful chapter 7 filing will discharge your unsecured debt. This doesn’t apply to student loans as of this post. There are certain things you can keep during and after the bankruptcy. This will depend on what the court decides.
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