Caring Georgia Attorneys Helping People with Personal Bankruptcy
Chapter 7 and Chapter 13 Debt Relief
Job loss and serious medical problems are two of the most common reasons people become overwhelmed with unmanageable debt. Unfortunately, in our current economy, both of these situations are affecting increasing numbers of Georgians.
At Holmes & Lekan, LLC, we understand the challenges and stress you are facing. Harassing creditor phone calls, threats to garnish your wages, and the fear of foreclosure can be a nightmare. Our bankruptcy attorneys can help you determine whether filing for Chapter 7 or Chapter 13 personal bankruptcy might be a good option for you.
Providing Solutions for Clients throughout Georgia
Contact Holmes & Lekan, LLC Today
People have a lot of misconceptions about personal bankruptcy. They are afraid they will lose their car or home, or that their credit will be ruined — but they don't do a rational comparison between the impact of bankruptcy and what is already happening.
Fear often causes people to put off finding a real solution to their financial problems much longer than they have to. At Holmes & Lekan, we provide our clients with the facts about bankruptcy and explain how it will apply in their particular situation.
Bankruptcy is not the only or the best answer for everyone, but it may be right for you, if:
- You are several months late on your credit card payments, or more than one month late on your home mortgage payment
- You can no longer afford to make the minimum payments on all of your bills
- You have an adjustable rate mortgage scheduled to increase soon and you won't be able to afford the increased payments
- You are afraid that the bank will foreclose on your home
- You have overwhelming medical debt
Chapter 7: Chapter 7 bankruptcy is often called "a fresh start" because it wipes away unsecured debts like credit cards and medical bills. There are a number of restrictions on who can apply for Chapter 7 and what debts it covers. We will review your financial picture and advise you on whether Chapter 7 is an option for you.
Chapter 13: With Chapter 13 bankruptcy, your debts are restructured to help you get caught up. Fines and late fees are typically dropped and the amount you owe is decreased. Your remaining debt is restructured at a lower interest rate and a payment plan is established to help you pay your debt over 3 to 5 years.
Reaching Your Goal of Financial Recovery
While bankruptcy does affect your credit rating, most people who are considering bankruptcy have already done serious damage to their credit. Plus, Chapter 13 bankruptcy actually allows you to rebuild your credit as you follow your repayment plan.
Contact Us
The sooner you contact a lawyer, the sooner we can begin to help you get back on the road to financial stability. Take action to protect your financial future. Contact us today for a free initial consultation and to learn more about personal bankruptcy.
