Legal Guidance Through the Bankruptcy Process in Atlanta
Pursue Financial Freedom Today – Call (770) 400-9102
Unable to keep up with your bills? Are you constantly harassed by creditors
and collection agencies? Depending on the circumstances, bankruptcy may
be the answer to your monetary woes. At Schuyler Eliot & Associates,
Inc, our Atlanta bankruptcy lawyer can guide you through the process of
filing for bankruptcy and get you on the road towards a fresh financial
start. Backed by more than two decades of experience, we can help evaluate
your financial situation and determine a bankruptcy strategy that best
fits your individual needs.
Get in touch with our firm online today to review your legal options.
Chapter 7 vs. Chapter 13 Bankruptcy in Georgia
There are two types of bankruptcy that are offered to consumers as a means
of eliminating their debt: Chapter 7 and Chapter 13. Since both of these
have their own advantages and drawbacks, it is important you analyze your
income, assets, and debts with our knowledgeable attorney to determine
which option would be better suited to your situation.
Chapter 7 bankruptcy: Also known as liquidation bankruptcy, this process involves selling off
your non-exempt liquid assets in order to satisfy your creditors, with
any remaining unsecured debts being discharged. Chapter 7 bankruptcy is
a means based privilege, meaning it is only available to those whose income
is low enough to file.
Chapter 13 bankruptcy: Chapter 13 bankruptcy involves a reorganization of your assets and finances
to pay back creditors over a period of three to five years. This method
can allow you to keep your home and avoid foreclosure. If you adhere to
your court-approved repayment plan as agreed, most remaining unsecured
debts will be forgiven.
Not only can bankruptcy provide a means to overcome your debt, but it can
also provide much needed relief from creditor harassment and other types
of collection efforts through a court injunction known as an automatic
stay. The key to maximizing these benefits lies in filing for the right
chapter depending on your individual circumstances.
Schedule a Free Case Evaluation Today
At Schuyler Elliot & Associates, Inc, we believe that nobody should
have to face the stress and uncertainty of bankruptcy alone. Our highly
skilled Atlanta bankruptcy attorney understands the gravity of your situation
and is prepared to stand by your side every step of the way during this
difficult time. We genuinely want to see you achieve financial independence,
and we are dedicated to doing everything we can to protect your rights.
With 24/7 availability to answer your questions, your case is sure to
be in excellent hands.
Take the first step towards reclaiming your financial future by
scheduling a free consultation today.