Debt can be financially devastating for individuals and families. Bankruptcy proceedings often cause uncertainty not only about your financial future but also about your ability to keep your home, car, and other essential assets. These legal processes can also impact your credit and your family’s long-term financial stability.

Debt relief and bankruptcy legal services are essential when navigating these complexities. Bankruptcy decisions in Georgia depend on the preparation of accurate documentation. Chapter 7, liquidation, and Chapter 13, reorganization, offer different solutions, though both require careful evaluation of your financial circumstances.

Why You Need a Bankruptcy Attorney

Courts consider various factors, including your income, expenses, asset values, and types of debt, when determining eligibility and exemptions. A skilled bankruptcy lawyer can help you navigate these complex requirements, especially in asset protection cases, while protecting your rights and maximizing the debt relief and bankruptcy legal services available to you.

Why Choose Nancy Burnett Law LLC

At Burnett Law LLC, we understand that nothing matters more than your fresh financial start. We help clients achieve effective debt relief and bankruptcy legal services, which include asset protection, exemption planning, and post-bankruptcy guidance, working to ease the stress of financial difficulties while securing their path to economic recovery.

FAQ

What’s the difference between Chapter 7 and Chapter 13 bankruptcy?

Chapter 7 eliminates most unsecured debt and may involve liquidating non-exempt assets. Chapter 13 establishes a repayment plan that lasts 3 to 5 years, allowing you to retain a greater portion of your property.

Will I lose my home or car if I file for bankruptcy?

Not necessarily. Many clients qualify for exemptions under Georgia law that protect homes and vehicles. Chapter 13, in particular, can help you catch up on missed payments and retain your assets. Consulting with a bankruptcy lawyer can help you understand your rights and the options available to you.

How does filing for bankruptcy affect my credit?

Your credit score may initially drop, but bankruptcy can also prevent ongoing damage from unpaid debts. Many clients begin rebuilding credit within months of filing.

Am I eligible to file for bankruptcy?

Eligibility depends on your income, debt levels, and previous filings. Chapter 7 requires a means test, while Chapter 13 requires proof of income to support a repayment plan. We’ll assess your financial profile to determine the right path forward with professional debt relief and bankruptcy legal services.