Do you need debt relief? Depending on your circumstances and lifestyle, bankruptcy may be a viable option for you. The team at H. Lehman Franklin, P.C., will help you determine if this is the right solution for your financial hardships.
Our bankruptcy attorneys bring over 30 years of combined legal experience to Effingham County, Georgia residents. Contact our team if you’re ready to get started today.
Why Should You File for Bankruptcy?
Some people think that bankruptcy only happens if you mismanage your finances. However, for many debtors under great financial stress, that’s not the case at all.
Bankruptcy can happen as a result of a medical crisis with insurmountable bills or long divorce proceedings. In other words, it’s something that can catch anyone by surprise.
Before filing for bankruptcy, you need to fully assess your financial situation. Is there no other way out of your current circumstances? If not, what type of bankruptcy best fits your case? Our team wants to help you figure this out.
Understanding the U.S. Bankruptcy Code
The different types of bankruptcies are actually different chapters in the U.S. Bankruptcy Code. This code is incredibly long and complex, including many rules and detailed subchapters.
There are four main types of bankruptcy our lawyers tend to deal with here in the Effingham County area. Our attorneys are well-versed in each, assuring that you’ll have comprehensive guidance and insight when it comes time to file.
- Chapter 13 Bankruptcy is for people who have a steady income and want to pay off their debt in manageable chunks over time.
- Chapter 7 Bankruptcy is for people who can’t currently pay off their debt but may be willing to liquidate some of their assets, although liquidation does not often occur.
- Chapter 11 Bankruptcy is for businesses and consumer debtors with lots of assets to consider. 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 is for family farmers and fishermen, but otherwise is a lot like Chapter 13.
You’ll Have Debt Relief Right Away
We know what it’s like to be in your shoes. With your debt hanging overhead, you have to worry about creditors calling and sending you mail constantly. You’re probably also worried that some of your most treasured assets will be repossessed.
Bankruptcy can erase many of your current worries and burdens. The creditors will stop hounding you and your assets will finally be safe.
Our Team Will Help You File
As a debt relief agency, our team is prepared to help you navigate the complex bankruptcy process. They’ll make sure that you file for the many rules and regulations included in the U.S. Bankruptcy Code.
H. Lehman Franklin, Jr., and Kimberly S. Ward have been practicing as bankruptcy lawyers in the Effingham County area for decades. You can trust them to help you find the relief you deserve.
Schedule A Consultation with H. Lehman Franklin, P.C.
You can greatly diminish your debt burdens today by taking the first step towards relief. Effingham County, GA, residents can reach out to our bankruptcy attorneys for guidance.
H. Lehman Franklin, P.C., offers free consultations to first assess your case and needs. Call them today to schedule.