Straight Bankruptcy Athens GA

Choosing the right bankruptcy chapter can be difficult. Chapter 7 is sometimes called "straight bankruptcy" and involves the liquidation of assets to pay creditors. In Chapter 13, the debtor must make payments according to a payment plan approved by the bankruptcy court. Chapter 13 has certain advantages over Chapter 7, including protection against some foreclosures and the ability to relieve a wider range of debts. Chapter 12 bankruptcy is another bankruptcy plan. It is almost identical to Chapter 13 bankruptcy. The main difference is that to be eligible for Chapter 12 bankruptcy, at least 80% of your debts must arise from the operation of a family farm. Chapter 12 has higher debt ceilings to accommodate the large debts that may come with operating a farm, and it offers the debtor more power to eliminate certain types of liens. Only a few hundred people file for Chapter 12 each year, while hundreds of thousands file for Chapter 13. An experienced bankruptcy attorney can guide you to select the most appropriate Chapter. He can analyze your financial situation and tell you what your alternatives are, as well as answer any of your questions. Bankruptcy filing is a complex procedure. Do not use those do it yourself bankruptcy kits. Use an experienced bankruptcy attorney.

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