A Skilled Debt Relief Attorney Serving Gainesville, Clarkesville and Northeast Georgia
If you are in serious financial difficulty, it may be because of a job loss, a medical problem in the family, a divorce or another issue. While some financial problems wind up resolving themselves, others require legal help.
Bankruptcy protection is not a new phenomenon. It is a legal right, provided by the U.S. Constitution, that gives citizens in debt the opportunity to get legitimate relief from debt. We represent individuals, families and businesses in Chapter 7, Chapter 13 and Chapter 11 bankruptcy matters, enabling them to get a fresh start and improve their lives. Contact us to learn more.
Is Bankruptcy Right for Me?
Bankruptcy is not for everyone. It can be incredibly helpful for some people who are dealing with excessive debt, while it is not an advisable option for other people. Since each person's financial position is different, an experienced bankruptcy attorney like Doug Henry can assess your situation and help you weigh the pros and cons.
Here are some good questions to ask yourself if you are considering bankruptcy:
- Am I regularly losing sleep or experiencing ongoing anxiety or depression because of my debt?
- Are credit card or loan payments making it hard for me to provide for my family's critical needs, like housing, food and transportation?
- Am I behind on mortgage or rent payments? Am I at risk of foreclosure?
- Am I having to choose which bills I can pay every month, while letting others go?
- Am I working overtime or working two or three jobs and still struggling to get my bills paid?
- Am I repeatedly transferring balances between credit cards to try to manage my debt?
- Am I getting frequent phone calls from bill collectors?
- Am I regularly arguing about money with my spouse or other family members?
If you can answer yes to at least one or two of these questions, it may be a good idea to talk to a bankruptcy attorney about your options. Click here to fill out our bankruptcy worksheet.
How Exactly Will Bankruptcy Help Me? What Are the Drawbacks?
The benefits of filing for bankruptcy are numerous and very significant: Among other things, it stops creditors from harassing you; it can allow you to focus on your important bills and allow you to save money for your future, as opposed to living in virtual slavery to your debts; it can stop foreclosure or vehicle repossession in cases of Chapter 13; and it can help restore your utility service by addressing back electric, gas or water bills.
On the flip side, there are disadvantages to bankruptcy that concern some people, including their fear of what other people will think, the negative impact on personal credit and the potential loss of a car or a house that they can't afford to keep. A bankruptcy filing does adversely affect credit scores, and it can stay on a credit report for as long as seven to 10 years. For many people in debt, late payments have already damaged their credit dramatically, and wiping out unaffordable debts can allow them to start paying all their bills on time, which is ultimately good for their credit.
Talk to a Clarkesville Bankruptcy Attorney
Contact us to speak to a lawyer about whether Chapter 7 bankruptcy, Chapter 13 bankruptcy or other options that could help you improve your life.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.