Bankruptcy and debt solutions attorney in Peachtree City

Bankruptcy and Debt Solutions

When you are struggling with overwhelming debt, bankruptcy may provide an opportunity to address your financial obligations and move forward. At Slepian & Schwartz, we understand that financial difficulties can be stressful. Our attorneys will take the time to understand your circumstances, discuss your options, and help you determine whether bankruptcy may be appropriate for you. Located in Peachtree City, we help individuals and families throughout the metro Atlanta area get a fresh start.

Bankruptcy is a federal legal process that may provide relief from certain debts and, depending on your circumstances, allow you to reorganize your finances and repay creditors over time. Filing bankruptcy generally triggers an automatic stay that stops or restricts many collection efforts, although exceptions may apply.

Georgia Bankruptcy Exemptions

Georgia law provides exemptions that may protect certain property from the bankruptcy estate. Georgia has opted out of the federal bankruptcy exemptions, so qualifying Georgia debtors generally use the exemptions provided under Georgia law.

The exemptions that may apply depend on the type and value of the property and the circumstances of the debtor. Because Georgia’s bankruptcy exemption laws can change, it is important to understand which exemptions apply when your case is filed.

Chapter 7 bankruptcy, often called liquidation bankruptcy, allows eligible individuals to seek a discharge of certain qualifying debts. Chapter 7 does not require a repayment plan. Instead, a bankruptcy trustee reviews the debtor’s financial affairs, and nonexempt assets may be used to pay creditors as required by law.

Chapter 7 may be an option for individuals who have limited ability to repay their debts and are seeking relief from qualifying unsecured debts such as certain credit card balances, medical bills, and personal loans. Eligibility depends on a number of factors, including income and household circumstances. Not all debts are dischargeable, and bankruptcy generally does not eliminate valid liens against property.

Chapter 13 bankruptcy is designed for individuals with regular income who need an opportunity to repay some or all of their debts over time while generally retaining their property. A Chapter 13 debtor proposes a court-approved repayment plan that typically lasts three to five years.

Chapter 13 may be an option for individuals who are behind on secured debts or other obligations but have sufficient regular income to make payments under a repayment plan. Depending on the circumstances, Chapter 13 may provide an opportunity to catch up on past-due mortgage payments or other qualifying debts while addressing other financial obligations.

Is Bankruptcy Right for You?

Bankruptcy is not the right solution for every financial situation. Depending on your circumstances, alternatives may be available. If bankruptcy is appropriate, choosing the correct chapter and properly preparing your case are important steps in the process.

At Slepian & Schwartz, we will take the time to discuss your financial situation and help you understand your available options. Your legal needs are our number one priority, and we will provide clear, informed legal advice so you can make decisions about your financial future.

If you are struggling with overwhelming debt, facing collection efforts, or considering bankruptcy, contact Slepian & Schwartz today to speak with an attorney about your situation. We look forward to speaking with you.

Slepian & Schwartz offers free initial consultations for most legal matters. To contact an attorney in our office, please call (770) 486-1220. We look forward to speaking with you.

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Slepian & Schwartz

42 Eastbrook Bend,
Peachtree City, GA 30269

770-486-1220

  • Mon – Fri

    9:00 AM – 5:00 PM