What is Bankruptcy?
Bankruptcy laws were created to offer a fresh start for debtors by eliminating debt while providing protection for necessary property so that honest, hard-working people in financial crisis can start over. Bankruptcy protects you and your assets, while applying a fair and impartial system to handle creditors who are demanding payment from limited resources.
Is It Right for Me?
While bankruptcy offers many benefits to financially burdened companies and individuals, it is not the solution for every financial problem. It’s important to understand what bankruptcy can and cannot do for your particular situation.
Pros and Cons
Filing bankruptcy offers protection from foreclosure as well as other benefits. However, there are often downsides. It’s vital to understand and weigh both sides before making a final decision. Our experienced bankruptcy attorneys can help you get the help you need while avoiding the pitfalls.
Other Options
For some, filing bankruptcy may be the clear answer. For others, there is a host of alternatives such as consolidation, negotiation or restructuring that make debt repayment more manageable.
We are a firm of lawyers serving Gainesville, GA and the surrounding areas. When you are in serious debt, it can often feel like there is no way to get out from under this burden. Creditors may call you at all hours of the day and night, they may threaten lawsuits or even repossession of your property. Call today for more information on how we can help, at 770-531-0007.
