In this video, I give a short description of Chapter 13 and Chapter 7 bankruptcy. Chapter 13 is often referred to as the “catch your breath” provision of the bankruptcy code. Chapter 13 is a great tool to catch up past due house payments, past due car payments, or some other secured debt. In contrast, Chapter 7 is often referred to as the “fresh start” provision of the bankruptcy code. Chapter 7 wipes out your debt and enables you to get a new start. I have office locations, Rome, Dalton, Dallas and Cartersville, Georgia. I can be reached at 770-637-1756. Call today.

How does a divorce affect bankruptcy? Getting divorced during a bankruptcy presents major ethical considerations for your Georgia bankruptcy attorney when a husband and wife file a case together (See Georgia Model Rules of Professional Conduct). In an individual case, your Georgia bankruptcy attorney may simply need to file amendment reflecting the loss income of the spouse and a new expense list. In either situation, the bankruptcy attorney will need to sit down with the client and review the entire case.

A chapter 7 bankruptcy is often called the “fresh start” provision of the bankruptcy code because it allows you to wipe out all of your debt and get a fresh start. In a chapter 7 bankruptcy, we show the Court that you are unable, based upon your budget, to pay the debt that currently hangs over you. Approximately 90 days after we file your chapter 7 bankruptcy, you are granted a discharge which means that your are no longer liable for the debt.

Many people like to refer to Chapter 13 bankruptcy as the “catch your breath” provision of the Bankruptcy Code. It is designed for people who have money to pay back their creditors but who can’t do it all tomorrow like the creditors are demanding. Chapter 13 bankruptcy allows you stop the harassing phone calls and lawsuits. Chapter 13 bankruptcy gives you time to catch your breath while you pay your creditors. Chapter 13 bankruptcy stops garnishments, foreclosures, and repossessions of your car. You do not need the permission of your creditors to obtain Chapter 13 bankruptcy protection.

A Motion for Relief from the automatic stay is basically a request from a creditor to the Bankruptcy Court for permission to take back collateral. Motions for Relief are set down for hearings before the Bankruptcy Court. In Northwest Georgia, these hearings are held at the Federal Building in downtown Rome GA. Debtors and their bankruptcy attorney have the opportunity to defend against the motion. If a creditor has good cause for filing the motion, it will be granted. If the debtor and the bankruptcy attorney can mount a reasonable defense, the request will be denied.

If you are considering bankruptcy, I would advise you to close any bank accounts you have with Wells Fargo.

If you need assistance repairing your credit following your bankruptcy call our office. Our Bankruptcy attorney would protect your business from creditors when you are going through a bankruptcy filing. The Law Office of Jeffery B. Kelly would facilitate you to take you out of your bankruptcy troubles.

In this video, I talk about how bitcoins may impact the bankruptcy world in the future.

Bitcoin has been making its way into the news and into a legal discussion. The bankruptcy system must address the virtual currency phenomenon that Bitcoin presents to keep up with present societal changes.

Our experienced attorneys at Law Office of Jeffery B. Kelly make sure you have a plan in place to rebuild your credit after bankruptcy. Contact our bankruptcy attorney and schedule your free case evaluation.

Making the decision to get off the fence can be difficult. Honestly, most of my bankruptcy clients stay on the fence until the last possible second. How can you know when it is time to file bankruptcy? I hope this video will help answer that question for you.

Deciding that it is time to file a bankruptcy can be difficult. Learn the pros and cons of filing bankruptcy and when it’s the right. Our experienced attorney can help you to understand when to file bankruptcy. Contact us today for a free case evaluation.