Debt Relief Is Possible

bankruptcyForm,300x200If you are struggling to pay the bills, afraid you may lose your home or are tired of creditors harassing you, there is a solution. We understand that it can be difficult to ask for help; however, that is what we are here for. We will take the time to talk with you, explain your options and answer your questions.

Attorney Joe Spires and Clay Ward each have 20 years of experience as bankruptcy lawyers. We will review your finances and discuss which type of bankruptcy may be right for you. If you decide to proceed with Chapter 7, we will assist you with every step. For a consultation with an Augusta Chapter 7 bankruptcy attorney, please call 706-724-2640 or contact us online.

Chapter 7 and Chapter 13

Under Chapter 7 bankruptcy, many of your debts will be discharged or eliminated. Unsecured debts, such as medical bills and credit card debt, are typically discharged. Secured debts include mortgages and car loans; depending on your situation, these items may be kept and paid if so desired, or liquidated to repay your creditors. Nonexempt property may be sold to pay your creditors.

Small businesses may be eligible for Chapter 7 bankruptcy if they lack the assets to file Chapter 11. Filing Chapter 7 means the assets will be liquidated and the business will no longer exist when the bankruptcy process is completed.

We evaluate each client individually for Chapter 7 payment structure; monthly payment arrangements may be available. The filing fee is $335.

Chapter 13 bankruptcy reorganizes your debt into a repayment plan of three to five years. The plan gives you smaller monthly payments for your bills. You may continue making payments on secured loans such as mortgages and vehicle loans. You will also pay back a small percentage of your unsecured debt. In general, Chapter 13 may be a better option if you want to keep your home.

Attorneys’ fees are included in your monthly payment of your repayment plan. The filing fee for Chapter 13 is $310. You may be able to file with $0 down if you do not have any money currently available.

Please call our office at 706-724-2640 to schedule an appointment with a Georgia Chapter 13 bankruptcy attorney.