Atlanta Bankruptcy Attorneys
The Right Legal Representatives for Your Bankruptcy Case
Our Atlanta bankruptcy lawyers at Holston & Huntley represent clients
who wish to restructure or eliminate their debts, whether through bankruptcy or other
forms of debt resolution. We have handled over a thousand cases for clients throughout Atlanta, GA.
We understand how stressful financial struggles can be, and we want to
help you find a fresh start. Our experienced attorneys can guide you through
the legal process with skill, dedication, and compassion. We are committed
to helping you build a strong financial future while protecting your assets.
Reach out to our attorneys with experience in bankruptcy law. Call (404) 620-3337 today to schedule your free consultation today. We also offer payment plans for our bankruptcy clients.
Understanding the Types of Bankruptcy
The bankruptcy code offers a variety of options for those seeking debt
relief. There are two main options for people seeking relief from overwhelming debt:
Chapter 7 bankruptcy and
Chapter 13 bankruptcy.
Chapter 7 bankruptcy is an attractive option for people who have a substantial
amount of unsecured debt, including:
- Credit card debts
- Medical bills
- Personal loans
- Payday loans
- Past due bills
By contrast, Chapter 13 bankruptcy is often known as a “reorganization.”
This is because Chapter 13 allows you to organize your debt into a manageable,
3-5-year payment plan.
This option is best for people who:
- Make too much money to qualify for the Chapter 7 process;
- Want to keep assets that would be liquidated through Chapter 7; or
- Are able to pay off much of their debt.
Our attorneys have experience with helping clients file Chapter 7 and Chapter
13 bankruptcies. We can also
help business owners file Chapter 11. Because every bankruptcy case is different, it is important to consult
our experienced attorneys to determine which option might be right for you.
Why File for Bankruptcy?
In addition to debt relief, filing for bankruptcy comes with many benefits.
Bankruptcy can allow you to protect your property and stop creditor harassment.
No matter which chapter of bankruptcy you file, you will benefit from
the automatic stay. The automatic stay prohibits creditors and lenders
from trying to collect your debt in any way (e.g. phone calls, letters,
repossession, foreclosure, lawsuits, wage garnishment, etc.).
This court order takes effect as soon as you file and lasts for the duration
of your case (i.e. 4-6 months for Chapter 7 or 3-5 years for Chapter 13).
It serves as a welcome relief for debtors who experience constant collection
attempts or face the threat of losing their assets.
Many worry about how bankruptcy will affect their credit scores. A bankruptcy
does affect credit and stay on record for several years. However, your
credit will likely be far more negatively affected by the ever increasing
debt. Filing for bankruptcy gives you the opportunity to rebuild your credit.