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Atlanta Bankruptcy Law Informationby Jonathan Ginsberg
Ginsberg frequently answers e-mail questions about debt problems and bankruptcy implications from interested potential clients. He also answers questions on his Atlanta bankruptcy blog or on the Bankruptcy Law Network family of blogs, where he is a contributing editor. If you are not quite ready to make an office appointment or even phone in for a consultation, and you are able to summarize your debt situation in an e-mail, please feel free to e-mail Jonathan Ginsberg by clicking here. Further, if you want to "instant message" Jonathan, his AOL Instant Message handle is JonathanG678. He is usually available to "chat" about legal matters after 3 PM most weekdays. If you don't already have a general idea about bankruptcy, you should realize that there are two types of bankruptcy applicable to most working people or individuals: Chapter 7 bankruptcy in Georgia is also known as a liquidation. In a Chapter 7, you can walk away from your unsecured debts. Unsecured debts include things like credit card bills, medical bills, repossession deficiencies, etc. If you have secured debts such as a house or a car, you can, in many cases "reaffirm" those debts and take them out of your bankruptcy. The typical Chapter 7 bankruptcy seen by Jonathan involves a single individual or married couple with $10,000 or more of credit card debts or medical bills. Often, these Chapter 7 debtors have tried to stay afloat for months or years and finally run out of credit or time. Most, but not all, Chapter 7 debtors do not own a house and most own cars that are not worth very much. Jonathan’s typical Georgia Chapter 13 client is a married couple who are behind two to three months on their mortgage and one to two months on their vehicle loan. They choose to file Chapter 13 because it will allow them to pay their missed mortgage payments over the next three to five years and they can essentially "refinance" their car, furniture and jewelry bills by paying these debts back in smaller amounts over a three to five year period of time. Often potential bankruptcy debtors have been subject to abusive bill collection tactics. If you have had any communication from bill collectors, make sure to discuss with Jonathan. You may have a valuable Fair Debt Collection Practices Act (FDCPA) claim that can offset the cost of bankruptcy or even generate a damages award for you. Finally, Jonathan wants all visitors to the Ginsberg Law Offices web sites to understand that he recognizes that bankruptcy of any type is a last resort and you should explore all available alternatives to bankruptcy. If you can find another way to pay your debt off (such as through a service like Consumer Credit Counseling), you should do so. Bankruptcy - either a Chapter 7 liquidation of debts or a Chapter 13 repayment plan - is not a good thing to do and it will stay on your credit reports for years. The main reason to consider this option is peace of mind - if you are simply at the end of your rope, you can't stand the pressure of collection phone calls and letters, or if you are about to lose your wages to garnishment. Be sure to check out the detailed description of consumer bankruptcy by visiting Jonathan’s Atlanta bankruptcy attorney web site or his Georgia bankruptcy lawyer web site. Jonathan also publishes a personal bankruptcy blog, which you can read by clicking on the link.
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Atlanta bankruptcy |