Gainesville Bankruptcy Lawyers

Thoughtful Representation from Caring Attorneys

Gainesville, the county seat of Hall County, is home to nearly 50,000 people. Made internationally famous when the city hosted several Olympic events at Lake Sidney Lanier, Gainesville sees millions of tourists annually. An exceptional town, Gainesville is a great place to call home. However, what happens when financial difficulties threaten the stability of your home?

Financial distress due to escalating debts or looming home foreclosure can lead to significant stress and worry. In such trying times, contemplating bankruptcy may be beneficial. At The Bankruptcy Law Group LLC, we understand your struggles. With over 15 years of experience supporting clients in difficult financial situations, we are prepared to put our experience to work for you.

To learn more about bankruptcy and whether it could benefit you, dial (770) 766-5004 or connect with our Gainesville bankruptcy attorneys online.

Bankruptcy Options for Individuals

Bankruptcy is a legal avenue to assist individuals and businesses dealing with unmanageable debt. Declaring bankruptcy can enable many to achieve a fresh start and put them back on the road to financial stability.

Chapter 7 Bankruptcy

Also known as "liquidation bankruptcy," Chapter 7 involves liquidating non-exempt assets to repay creditors. After this, most unsecured debts, including credit card debt and personal loans, will be discharged. This type of bankruptcy is generally used in situations where the person is unable to pay back their debts in any capacity.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy, on the other hand, involves creating a reimbursement plan to settle all or a portion of an individual's debts, typically over three to five years. If you have a reliable source of income and are ineligible for Chapter 7, Chapter 13 might be a good option.

Understanding the Bankruptcy Means Test

A means test will be necessary to determine your eligibility for the different types of bankruptcy filings. The means test contrasts your income against the median income for a household of your size in your state; if your income is under this median, you might qualify for Chapter 7 bankruptcy. If not, you may still be eligible for Chapter 13 bankruptcy.

Do You Need an Attorney to File for Bankruptcy?

For many people, filing for bankruptcy is a good option for managing overwhelming debt. By filing for bankruptcy, you may be able to stop creditor harassment, prevent a home foreclosure, and cease wage garnishment. However, can you do this on your own, or do you need legal representation?

Although not a necessity, collaborating with a lawyer during a bankruptcy filing is generally recommended. An experienced lawyer like ours can provide numerous advantages, such as:

• Informed counsel from a professional proficient in bankruptcy law
• Support in all steps of the process, including gathering documents and submitting your paperwork
• Supportive legal advocacy during creditor negotiations and/or when in bankruptcy court
• Assistance in steering clear of typical bankruptcy pitfalls

At The Bankruptcy Law Group LLC, our Gainesville bankruptcy attorneys are ready to help you strategize and explore your debt relief options, from bankruptcy to debt consolidation. We take pride in our long-standing record of success and are committed to putting clients first. We offer free consultations and can accommodate your schedule with weekend and evening appointments.

Reach out to our Gainesville bankruptcy lawyers at (770) 766-5004 or contact us online.

  Gainesville Location: 3292 Thompson Bridge Road, Gainesville, GA