Getting a Financial Fresh Start


The decision to file bankruptcy is not an easy one, but it does have benefits. Bankruptcy is a tool for restoring your financial health. It can help you take steps toward a better future. When your debts are eliminated or repaid, you can repair your credit rating. After bankruptcy, you may be able to buy a car or home, pay your bills, get a better job and provide for your family.

At Ward & Spires, LLC, we represent people and small businesses in bankruptcy proceedings. You can rely on our experience with Chapter 7 and Chapter 13. We will explain the benefits of bankruptcy and how they may specifically affect your situation. For a free consultation with a Georgia bankruptcy attorney, please call our lawyers at 706-724-2640 or contact us online.

What Can Bankruptcy Do for You?

When you file for any chapter of bankruptcy, you will receive an automatic stay from all collection activities during the bankruptcy process. The automatic stay will stop creditor calls and prevent them from wage garnishment, filing liens, foreclosing on liens and seizing collateral or property. It also stops creditor harassment, unfreezes accounts and stays pending lawsuits. In addition, s tate and federal tax liability may be discharged, depending on the circumstances of the tax debt.

Many people use bankruptcy to stop foreclosure on their homes or repossession of their vehicles. Chapter 13 bankruptcy is usually the better option for keeping your home or car, although it may be possible under Chapter 7.

Another benefit is that medical bills, credit card debt and unsecured loans are typically discharged, which means you do not have to repay them.  Filing for bankruptcy will no t stop criminal proceedings for financial matters such as writing bad checks or committing fraud. It also will not discharge student loan payments and some types of tax debt. While bankruptcy will temporarily stop pending lawsuits, it may not eliminate the judgments against you.

To find out how bankruptcy may benefit you, please call our Augusta debt relief attorney at 706-724- 2640 to schedule an appointment.

Your consultation is free.