Are your debts and bills piling up? Are you worried that you might not be able to pay them off?
Filing for bankruptcy may be the solution to your debt troubles. Fortunately, H. Lehman Franklin, P.C., is a respected debt relief agency serving Bryan County.
In choosing our bankruptcy attorneys near Pembroke, GA, you’re choosing over 30 years of experience and considerable know-how. Just call our team to find help today.
What is Bankruptcy?
When you simply cannot repay your debts, bankruptcy offers relief from some or all of them. A court-imposed bankruptcy can stop creditors from repossessing your assets or hounding you with frequent calls and letters. Ultimately, it allows you to start again with renewed peace of mind.
Why you should seek legal advice
Before you attempt to file for bankruptcy, you need to understand that the U.S. Bankruptcy Code is extremely dense and filled with many rules and regulations. If you’re not familiar with the intricacies of the code or with the law in general, you probably won’t be able to complete the process to your satisfaction.
Sound legal advice can guide you through the proceedings, ensuring you get the relief that you deserve.
What are the Different Chapters of Bankruptcy?
Part of the reason why the U.S. Bankruptcy Code is so complex is because it has so many chapters and subchapters. These chapters can pertain to different debt situations, meaning that you have to choose the right one to file under.
The most common bankruptcy chapters can be broken down into these simple terms:
- Chapter 13 Bankruptcy: If you are an individual with steady income, you can repay your debts incrementally over time.
- Chapter 7 Bankruptcy: If you cannot repay your debts, you can choose this chapter. You may need to liquidate some of your assets, but liquidation often does not occur.
- Chapter 11 Bankruptcy: Businesses and consumer debtors with many assets can use this chapter for reorganization. There are special provisions for individuals or corporations that qualify as small business debtors, which can make the Chapter 11 process quicker and easier.
- Chapter 12 Bankruptcy: Though similar to Chapter 13 in other ways, this is exclusively for family farmers and fishermen.
Need help determining which chapter you should file under? Speak to a knowledgeable bankruptcy attorney serving the Pembroke, GA, area. They’ll break down all the details for you.
How to File for Bankruptcy near Pembroke GA
The first and most important step in filing is to find and speak to your bankruptcy attorney here in Pembroke. Once you’ve asked all your questions and know what chapter you should file for, you can fill out the necessary forms and documents. These documents are provided to the court, and then later reviewed by your assigned trustee.
To understand the finer points of this process, including all paperwork and any meetings or courses you may be required to attend, you can count on our team’s help. H. Lehman Franklin, Jr., and Kimberly S. Ward have the experience you need to successfully file for bankruptcy.
Schedule a Consultation with H. Lehman Franklin, P.C.
Now that you know more about the bankruptcy process, why don’t you take the next steps? Sit down with our bankruptcy attorneys for a free consultation near Pembroke, GA. H. Lehman Franklin, P.C., is proud to serve Bryan County and all surrounding areas.
Call us today to schedule your free consultation!