Whether you’ve been faced with sudden medical bills or an expensive divorce, it’s okay to ask for help dealing with your financial situation. For many people, bankruptcy can be the way out that they need. With our nearby attorneys, we can help you find the debt relief you’re looking for.
At H. Lehman Franklin, P.C., we are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code. We provide federal debt restructuring help. Let us show you how we provide Georgia residents comprehensive bankruptcy representation.
Why Choose to File for Bankruptcy?
Dealing with debt can be a challenge, especially if you’ve rapidly accrued debt you weren’t prepared for, such as unexpected medical bills. You may have even had a loss of income that makes it impossible to manage the bills that you once could pay without problems. Bankruptcy offers a solution, as it can be a way to form a legal path toward debt relief.
Another benefit of filing for bankruptcy is that it can be a way for people to escape the pressure of debt collectors. Once you’ve filed for bankruptcy, in most cases, collections agencies cannot contact you, which can help you formulate a plan on tackling your debt.
You’ll also have an automatic stay on your debt in most cases so creditors can’t garnish your wages. With peace of mind knowing you won’t experience any lost wages, you can focus on getting the help you need.
What Bankruptcy Chapter Should I File Under?
Once you’ve determined that filing for bankruptcy is the right choice for you, it’s time to decide what chapter of bankruptcy you want to file under. Each bankruptcy chapter details a different plan to handle your debt and caters to people in specific financial situations. The main bankruptcy chapters are:
- 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 a unique type of bankruptcy for family farmers and fishermen.
With recent changes to Chapter 11 Bankruptcy, it’s much easier for small businesses to file through Chapter 11 while retaining ownership of their business. Just schedule a free consultation with us, and we’ll work to find the bankruptcy chapter that’s right for you.
What is the Small Business Reorganization Act?
If you’re a small business owner looking to retain your assets, the Small Business Reorganization Act can be a path to debt relief for you. This act allows small business owners to file through Chapter 11 bankruptcy thanks to a recent streamlining of the Chapter 11 process.
Are you interested in learning if you qualify for Chapter 11 bankruptcy under the Small Business Reorganization Act? Our bankruptcy lawyers near you can help you determine if this is the right course of action for your debt.
What Does a Bankruptcy Attorney Do?
With so many different chapters of bankruptcy one can file under, it’s no surprise that bankruptcy cases are rather complex. You don’t want to go into one alone! That’s why it’s important to seek the help of a bankruptcy lawyer.
Lots of forms and procedures are required in a bankruptcy case, and if you fail to file certain documents and follow the correct procedures, your case may be over before it can even get started. A qualified bankruptcy lawyer can walk you through the process to ensure a successful and beneficial case.
These attorneys have studied the bankruptcy code to ensure they know the ins and outs of so many different types of cases. Some of the ways they can help include:
- Assisting you with the many forms involved with filing for bankruptcy. They can also help you determine which bankruptcy chapter you should file under.
- A bankruptcy lawyer can help you retain your assets while discharging many different types of burdensome debts and/or help you work out a manageable payment plan.
- They can negotiate on your behalf with creditors or a bankruptcy Trustee.
Going through a bankruptcy case on your own can mean jumping over numerous legal hurdles. With the counsel of an attorney, you’ll have the seasoned guidance you need. That’s why you want to meet with our bankruptcy attorneys near you.
Why File for Bankruptcy with Our Attorneys in Georgia?
We work hard to make fresh starts through financial freedom at H. Lehman Franklin, P.C. Our bankruptcy lawyers H. Lehman Franklin, Jr., and Kim Ward are fighting for justice near you with over thirty years of experience in bankruptcy.
H. Lehman Franklin, Jr., has even had the honor of earning an AV Preeminent® peer rating from Martindale-Hubbell. This is the highest peer rating standard, showing that he is well respected for his legal knowledge, communication skills, and ethical standards among the Georgia legal community.
How to Prepare for Your Bankruptcy Case
It’s important to compile your financial records ahead of time so you have all of the information needed to complete the documents required to be filed by the court. Our bankruptcy lawyers are here to help you prepare the documents needed for your case to make sure that everything is ready before the actual proceedings begin.
Some of the typical documents required are copies of bills, paystubs, bank statements, and tax returns. You also will need to be prepared to complete a budget of your household income and expenses. Let your attorney know your expenses such as rent, utilities, groceries, and car insurance, and other routine monthly expenses you pay.
To file a bankruptcy case, you will use this information and, with your attorney’s assistance, prepare a petition, schedules, and various financial statements listing your assets and debts. You’ll make certain financial disclosures concerning your income and expenses as well as answering various questions about your financial situation.
You must sign these documents under oath, so it is very important that the information you provide to your attorney and that will be filed with the court is as accurate and truthful as possible. You will be certifying to the court and to your creditors that the information filed is correct. An experienced attorney can help guide you through this process.
Bankruptcy Attorney near Me: Schedule Your Free Consultation Today!
If you’re ready for a fresh start, meet with our bankruptcy lawyers near you at H. Lehman Franklin, P.C. We’re always here to help Georgia residents find the debt relief they deserve. To see if we can take your case, just schedule a free consultation with us today!