Get practical advice and real help from an Atlanta bankruptcy lawyer of Total Bankruptcy
A sponsoring Atlanta bankruptcy lawyer of Total Bankruptcy is non-judgmental. A sponsoring Atlanta bankruptcy lawyer knows that it doesn't take a lot to go from seemingly manageable debt to overwhelming and very unmanageable debt. Decent, hard-working people can, through no fault of their own, find themselves in very serious financial trouble due to totally unforeseen events such as divorce, the loss of a job or extraordinarily high out-of-pocket medical bills. An Atlanta bankruptcy lawyer of Total Bankruptcy knows from experience that in some cases it is impossible to pay all of your bills no matter how hard you try.
A sponsoring Atlanta bankruptcy lawyer will work hard to try and make sure you get the protection you are entitled to.
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Among the provisions of the current bankruptcy law is a strict financial means test. Before a debtor can be eligible to discharge their unsecured debts, their income has to be below the median income of their state. If their income is above that level, they are not permitted to file their case under Chapter 7 and must instead use Chapter 13. This disqualifies many debtors from filing under Chapter 7. In addition, at least six months prior to filing, all debtors must receive certification from an approved credit-counseling agency.
Under this law, it is easy for the court to dismiss a case outright or to convert a Chapter 7 case to a Chapter 13 case. And the court can impose sanctions on debtors and their attorneys for filing a Chapter 7 case that is dismissed or converted to a Chapter 13 case.
Chapter 13
If you are suffering under a mountain of debt and expenses that you just can't keep up with, but you do have a job or some other source of regular income that you can use to make payments under a repayment plan, a Chapter 13 may be right for you. You may be able to use Chapter 13 to liquidate the majority of your debts, set up a reasonable debt repayment plan, and get a fresh financial start.
Your Chapter 13 repayment plan is an agreement between you and your creditors in which your creditors may agree to forgive a portion of your debts to them in exchange for your commitment to repay your reduced debts over time.
When you call Total Bankruptcy toll-free at 1 (877) 349-1309, or fill out our online case evaluation form, a sponsoring attorney will return your call to set up a free initial assessment.
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.