Answering Your Most Pressing Bankruptcy Questions
Bankruptcy is a complex area of law that has multiple potential outcomes for your future financial security. If you’re experiencing financial strain and are considering filing for bankruptcy, it’s critical to enlist an experienced bankruptcy attorney to work with you on your case.
When you come to Lisa D. Loftin, PC, regarding your bankruptcy questions and concerns, I will meet one-on-one with you. I do this because I believe that building strong relationships with my clients allows me and my clients an opportunity to learn about each other and allows me to fully understand their goals. I will guide you through the process and help clear up any misconceptions. I have more than 20 years of experience and will carry on the tradition of providing you with excellent, personal legal service. Please call me at 678-967-8980 for a free consultation.
Is Bankruptcy For You?
Deciding whether bankruptcy is the right option depends upon your personal circumstances. Everyone’s situation is different and what works for one individual may not work for another.
The most common forms of bankruptcy include:
- Chapter 7 – Liquidates assets to restructure debts and create a repayment plan
- Chapter 13 – Provides debtors who earn a regular income with a plan to restructure their debt payments, allowing them to keep their assets
- Chapter 11 – Reorganization occurs, providing the debtor a blank slate to begin again; often chosen by corporations who wish to remain active while restructuring debt repayments
While each of these types of bankruptcy provides financial relief to individuals and businesses heavily in debt, the protections provided are different for each bankruptcy type.
Choosing an incorrect bankruptcy option could prove to be costly. While Chapter 7 bankruptcy provides relief from unsecured debt, the relief it provides may be inadequate if you are heavily underwater on your home mortgage and facing foreclosure. Though Chapter 13 bankruptcy sometimes makes debts more manageable, it may not relieve you of all the debt you need to pay.
I will help you understand which option is best for you. Having represented thousands of individuals filing for bankruptcy throughout Georgia, I understand which bankruptcy type, if any, most fully meets your circumstances. Even if bankruptcy is not a good option, I will provide other strategies for dealing with your debt.
Representing All Of Georgia
My firm caters to clients in the Griffin, Carrollton, Barnesville and Jackson areas, although I provide bankruptcy services throughout Spalding County and the state of Georgia. Contact me today for a free initial consultation. Get in touch online or by calling 678-967-8980.
I am a debt relief agent. I help people file for bankruptcy relief under the Bankruptcy Code.