- Divorce
- Child SupportChapter 7 bankruptcy gives people a fresh start. It is a bankruptcy used to completely wipe out most debts in a legal proceeding conducted under the jurisdiction of the Federal U.S. Bankruptcy Court. Chapter 7 bankruptcy discharges debts such as credit card debt, medical bills, personal loans, delinquent utility bills, old tax debt, and deficiencies on repossessed vehicles. Under Chapter 7 bankruptcy, you will never have to pay your creditors for these types of debts. However, there are several types of debts that cannot be discharged by filing for Chapter 7. Child support, recent tax debt, student loans, and certain types of court-ordered damage awards are not dischargeable with bankruptcy, call us at 404-524-6400 for more information.
- BankruptcyLien stripping is a powerful tool available in Chapter 13 bankruptcy. If you have more than one mortgage, and the value of your home is less than the amount owed on your first mortgage alone, then you may be able to “strip down” your second mortgage. This means it is possible to eliminate your second mortgage or equity line of credit and never have to pay it back. You do not even need to be behind on your mortgages to qualify for this amazing opportunity. You may need another independent reason to file, such as unsecured debt.
- ForeclosureIf you are facing foreclosure, filing for bankruptcy under Chapter 13 places an “automatic stay” on your home. This stops the foreclosure process. Creditors are paid pursuant to a Chapter 13 Plan that is determined by the debtor and his or her attorney. The Plan is normally 36 to 60 months long and must be approved by the Court.
- Tax LawDo you need a local bankruptcy lawyer in the Atlanta, Cobb County or Lawrenceville area ? Perhaps you received a notice of an audit or you are struggling with a mounting, unpaid tax debt. Whether you are an individual, a business owner or a representative of a corporation, tax issues can become a problem quickly and bankruptcy may be a solution. Call us for a free consultation about taxes and bankruptcy.
- Debt CollectionSometimes falling behind on your bills is unavoidable. The unexpected can and will happen. No one deserves to be harassed by creditors or collection agencies, but this happens more often than you might think. At King & King, we are familiar with the tactics creditors use and we can inform you how to legally stop abusive debt collection. If creditors have begun calling you at home and at work looking for payment and you want the calls to stop, contact King & King today to find out how we can help put an end to creditor harassment for you.