Over 20-Years Of Trusted Experience In Bankruptcy
The choice to file bankruptcy generally comes about when you are facing a difficult and emotional situation. Lisa D. Loftin, PC, is there for you.
I am a lifelong resident of Georgia and know and understand the residents of Carroll, Butts, Lamar, and Spalding counties. I have more than 20 years of legal experience and extensive knowledge of how the federal bankruptcy courts in Georgia operate.
Legal Options For Chapter 13 Bankruptcy
While a Chapter 7 bankruptcy filing eliminates unsecured debt, such a filing does not necessarily prevent mortgage foreclosure actions from taking place. If you have a loan on a motor vehicle, having your vehicle seized remains a possibility – despite a Chapter 7 filing.
Under such circumstances, another option available for you is Chapter 13 bankruptcy. This allows you to put together a more affordable payment plan in dealing with your debts. It allows you to consolidate debt while allowing you to still make payments to your creditors.
Such actions often provide you the needed relief to stop foreclosure actions and wage garnishments from taking place.
How Chapter 13 Bankruptcy Works
Chapter 13 bankruptcy is a complicated process. Chapter 13 bankruptcies differ from Chapter 7 bankruptcies in a way that Chapter 13 does not involve liquidation of any property. By creating a manageable payment plan, the filer is able to keep all of his or her property regardless of whether it is exempt or nonexempt.
In some instances, it allows you to spread out your payments over a longer period of time. It can also result in the reduction of the debts owed by eliminating penalties and other costs.
Creating A Strategic Bankruptcy Plan
It’s important, however, to create a plan for the reorganization of debt that is doable and takes into account your entire financial situation. I am an experienced and knowledgable attorney, who knows how to prepare the necessary paperwork for such filings.
I will work with you to develop a strategic plan that bankruptcy trustees and all of the creditors will agree to.
Call To Learn About Your Bankruptcy Options
As your attorney, you and the success of your business is my top priority. I will evaluate every detail in your case to help prevent mistakes and help your bankruptcy filing go smoothly. Call 770-227-0110 or email me to schedule a free initial consultation. I have offices in Griffin and Carrollton area.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.