Bankruptcy Athens GA

Bankruptcy should not be viewed only as a last resort because it can save some valuable assets from creditors. Your home is often protected by a homestead exemption clause in your state, and pension plans and retirement funds are usually also protected. If you would have to put at risk your valuable assets that would otherwise be exempt from liquidation, then you need to consider Chapter 7 very carefully.

Bankruptcy will discharge most of your debts. When you file a bankruptcy proceeding, an automatic stay comes into effect. During the stay, your creditors cannot:

• Try to bring a claim against you
• Try to enforce a judgment against you
• Try to gain property from you
• Try to create, protect or enforce any sort of lien against you
• Try to collect debts from you

The stay remains in effective till your case is over – either you are discharged or your discharged is denied or you withdraw your case. Sometimes, the court may on request of a creditor release the stay. In Chapter 7, the stay generally continues till discharge while in Chapter 13 the stay generally continues till completion of the payment plan.

We are based in Athens, GA (Georgia). We can help you file for bankruptcy if you are located in Athens, Watkinsville, Carnesville, Elberton, Homer, Jefferson, Danielsville, Lexington, Hartwell, Winder, and Clarke County, Oconee County, Elbert County, Franklin County, Banks County, Jackson County, Madison County, Hart County, Barrow County and Oglethorpe County, Piedmont Judicial Circuit, Northern Judicial Circuit and Athens-Clarke County.

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Athens Georgia bankruptcy lawyer | Bankruptcy attorneys in Athens GA and Athens-Clarke County - Filing for Chapter 7 Bankruptcy and Chapter 13 Bankruptcy