Saturday, April 27, 2024

Bankruptcy Law

Bankruptcy lawyers in Georgia help clients find the most appropriate type of bankruptcy chapter (filing option) to eliminate or restructure their debts. Bankruptcy legal services include the many ways a business or person can legally resolve major debt issues including the Common Chapter 7, 11, and 13 for personal bankruptcy. Other common Chapters are 9, 12, and 15. Depending on the filing type (Chapter) you choose, you can restructure debt with reasonable payback schedules, reorganize business debt, and totally eliminate most types of debt. You cannot get forgiveness on a tax debt, debt due to lawsuit verdicts, fines, and similar government-related debts.  Bankruptcy laws are somewhat complicated and every situation has unique characteristics. All bankruptcies are handled in Federal courts. When you file for bankruptcy you get immediate protection from debt collectors and repossession actions.  Any person or business with debt problems should consult with qualified bankruptcy lawyers to get a fresh financial start.

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