Navigating the U.S. Bankruptcy Code and successfully filing is a complex process, one you’ll need plenty of guidance on. Our bankruptcy attorneys are well-versed in the intricacies of this process and are happy to serve all Candler County, Georgia, residents.
Is it time for you to file for bankruptcy? Get in touch with the team at H. Lehman Franklin, P.C., to begin.
What Does it Mean to File for Bankruptcy?
There are plenty of reasons why someone might file for bankruptcy. Perhaps an unexpected medical crisis has left you with too many bills to pay, or maybe a tough divorce took you by surprise. In either case, bankruptcy can be a viable solution.
The bankruptcy process is a highly involved one; however, it can be broken into four different steps. With a knowledgeable bankruptcy lawyer on your side, you can smoothly navigate them all.
- Is bankruptcy your only choice? Spend a lot of time assessing your finances to decide.
- Speak with a lawyer to find out what type of bankruptcy you should file for.
- When filing, follow all the rules and regulations.
- Understand and work through any of the bankruptcy consequences.
What Happens When You File for Bankruptcy?
Filing for bankruptcy can offer some immediate relief to improve your quality of living. If you’ve been hounded by creditors, their calls and letters should finally cease. Not only that, but many of your assets will be safe from repossession!
Your daily burdens will start to fall away. Many of the worries and frustrations associated with your debt should be eliminated after your filing.
There Are Many Different Bankruptcy Chapters
When we talk about filing for the right type of bankruptcy, we really mean filing for the right chapter. Every bankruptcy situation is unique, and to accommodate this fact, the U.S. Bankruptcy Code is broken up into numerous chapters and subsections.
You need to file for the chapter specific to your situation and Candler County lifestyle, and our bankruptcy attorneys want to help.
- Chapter 13 Bankruptcy: Do you currently have a steady income? Chapter 13 allows you to pay your debts gradually over time in smaller chunks.
- Chapter 7 Bankruptcy: If you don’t have the finances to pay your debts, you can file for Chapter 7 and liquidate some of your assets, but liquidation does not often occur.
- Chapter 11 Bankruptcy: Businesses and consumer debtors with lots of assets can file for Chapter 11. 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: This chapter is a lot like 13, except it applies exclusively to family farmers and fishermen.
We Want to Make Filing Simple
Do you want relief as soon as possible? We are a debt relief agency serving Candler County, Georgia, and we want to help you begin filing for bankruptcy right away.
H. Lehman Franklin, Jr., and Kimberly S. Ward offer combined decades of experience in helping people like you overcome financial hardships. Get in touch with our team and we’ll walk you through the process step by step.
Schedule Your Free Bankruptcy Consultation in Candler County
The bankruptcy lawyers at H. Lehman Franklin, P.C., have been serving the Candler County area for many years now. Having helped numerous clients file for bankruptcy of all kinds, they now want to help you with your case.
Give our team a call to schedule your free bankruptcy consultation today!