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GOING WITH REGINA WAS THE BEST DECISION I EVER MADE

Bankruptcy Support in Atlanta

Ending up in a bankruptcy attorney’s office rarely follows years of pre-planning. Life throws curveballs – job losses, medical issues, other catastrophes. Debt snowballs despite your best efforts. We get it. And you start weighing impossible options.

Rest assured, across years of assisting Atlanta families, we don’t judge when crisis strikes. We’ve seen all types of situations turn household finances upside down on a dime.

At Edwards Family Law, we help set things right by restructuring debt, protecting key assets, and crafting a plan tailored specifically to your situation, not some boilerplate checklist.

With our Atlanta bankruptcy lawyer in your corner, you get an advocate who sees you as more than a number. From first call to fresh start, we’ll simplify this so you can get back on steady footing.

 

Bankruptcy Basics — Chapter 7 & 13

When relentless creditor calls and compounding interest make debt feel inescapable, bankruptcy law can legally compel compromised settlement.

The United States Bankruptcy Code (11 U.S.C. §§ 101-1532) provides financially distressed individuals, families, and businesses a legal means to start fresh by eliminating or repaying debts under government protection.

Bankruptcy filings allow people to discharge qualifying debts completely or restructure repayment plans. The two primary options are Chapter 7 bankruptcy, which liquidates assets to pay back creditors before discharging remaining debts, and Chapter 13 bankruptcy, which enables a court-approved repayment plan over three to five years.

Bankruptcy laws thus aim to help those honestly unable to pay off debts rebuild their financial lives – stopping collections, lawsuits, garnishments, and foreclosures so people can support themselves and their families.

Regulations also incentivize repayment where possible. While complex and impactful, America’s bankruptcy system gives those trapped in financial crisis a chance to stabilize and recover. For many facing dire situations, it provides hope.

Individuals often seek bankruptcy relief after:

  • Unanticipated hardships that reduce earnings, such as serious medical problems or unexpected unemployment
  • Making a sincere effort to pay off debts is no longer viable over months or years
  • Intensive collection actions like repetitive calls become unbearable

With so many variables at play, our counsel insightfully aligns your situation with the most advantageous filing strategy. Debt freedom need not come at the cost of household stability or seized property if guided prudently through exemptions.

What to Do Before Filing Bankruptcy

While anxious to start the bankruptcy process right away, certain key preparations establish its effectiveness:

  1. Consult with a bankruptcy attorney – Meet with a qualified bankruptcy lawyer to discuss your financial situation and options. An experienced attorney can help you decide if bankruptcy is the right choice, determine which chapter to file, and handle the legal process.
  2. Take pre-filing credit counseling – Within 180 days before filing a bankruptcy petition, you must complete approved credit counseling with a U.S. Trustee program-approved agency. This counseling session helps prepare you for the impact and responsibilities of bankruptcy.
  3. Gather financial documentation – Compile your latest tax returns, pay stubs, expense records, debt statements, credit reports, property records, insurance documents, etc. Your paperwork helps your attorney provide sound guidance and provides details about your finances under penalty of perjury.
  4. Prioritize payments pre-filing – In the months leading up to the filing, strategically pay only essential living expenses, secured debts, and priority payments to avoid the dissipation of assets. Allow other unsecured debts to go delinquent so more debt is discharged upon filing.
  5. Stop using credit cards – It is important to immediately quit charging on all credit cards six months prior to filing, as judges may deny discharge of recent luxury purchases or cash advances. Live frugally off a budget of essentials only.

These proactive early steps set you up for an organized bankruptcy process and help prevent common pre-filing pitfalls. Being strategic and working closely with legal counsel protects your interests best.

 

Strategic Guidance For Your Atlanta Bankruptcy Case

Considering bankruptcy’s notorious complexity, enlisting an experienced Atlanta attorney’s help is non-negotiable. Beyond obvious document preparation, we leverage targeted legal strategy protecting your assets, income continuity, and financial future.

Three key areas we guide:

  1. Court Process Mastery — Petition paperwork, deadlines, documentation protocols, creditor response coordination – we demystify each phase so you can focus on your family. Lean on our familiarity with Atlanta bankruptcy courts.
  2. Asset Protection Optimization — Not all property gets surrendered in bankruptcy. We leverage federal and Georgia exemption laws to help legally shield eligible assets critical for your fresh start.
  3. Budgeting and Credit Rebuilding — Before debts clear, we develop an air-tight budget covering housing, transportation, food, and other essential costs. Then, we outline the credit restoration roadmap for judiciously improving scoring after bankruptcy.

Through decades of exclusively practicing bankruptcy law right here in the Atlanta area, we offer both stellar system navigation and compassion.

 

Our Approach: Care and Customization

What sets our firm apart during such a turbulent chapter isn’t just legal acument – it’s commitment to compassion.

We embrace open, judgment-free communication while customizing our counsel approach case-by-case. You should expect nothing less when your family’s stability hangs in the balance.

  • Tailored Filings — No “one-size-fits-all; clients get individualized Chapter 7 or 13 bankruptcy guidance catered to their situation.
  • Ongoing Support — Check-ins ensure you feel continually cared for throughout proceedings and into your post-bankruptcy future.
  • Metro Atlanta Focus — With deep roots serving Atlanta families, we offer a hyper-local understanding of courts and creditor nuances to optimize outcomes.

If struggles feeling hopeless against compounding debt have you afraid to seek help – fear no more. Schedule a consultation today. Begin the journey back to financial peace.

 

Let Our Atlanta Bankruptcy Firm Shoulder Your Burden

Getting back to financial freedom, relieved of relentless creditor harassment, lies within reach thanks to key bankruptcy chapters offering new beginnings.

Yet, given today’s legislative complexity surrounding filings, you need legal allies fully versed in the intricacies modern debtors face. No need to carry 100% of the stress yourself any longer.

Our Atlanta bankruptcy and debt relief firm helps negotiate the turbulence. Together, we can plot the clearest path forward aligned to your family’s needs. The path where possibility awaits once more. Where YOU control financial outcomes again.

We’ve walked many Atlanta families toward brighter horizons before. Now, let your brighter tomorrow start today.

Contact us today to schedule a consultation.

CLARITY TODAY

cutting through confusion and providing clarity

Do I need a Family Lawyer?

Each case is different, but we can share what clients typically struggle with when they make their initial calls to us:

  • My Spouse Wants a Divorce
  • My Marriage Has Fallen Apart And Cannot Be Fixed
  • I Am Expecting a Child Out Of Wedlock
  • I Have Fallen Behind on Child Support Due to Unemployment or salary reduction
  • My Circumstances Have Changed Drastically And Think A Change Of Custody Is Warranted
  • My Ex Announced They Want to Move Away and Take Our Child

How much will my Divorce or Child Custody matter cost me?

The financial aspect of family law matters can be terrifying because it has been known as a black hole of billing with retainers and hourly charges for things like emails and texts. Peel back further uncertainty by Estimating Your Legal Fees.

Flat Fees - No Funny Stuff

While other firms might tell you “there is no way to predict the total cost of a divorce,” we can tell you with certainty that those smoke and mirrors will not be a part of your care at Edwards Family Law. We provide value with a high degree of peace of mind through conscientious costs for our care. Learn more about our Flat Fee Family Law Services.

Fearful of being bogged down in legal fees?

Heard the horror stories about being sucked in with low retainers only to be hit with hidden incremental hourly changes?

We Have The Right Solutions For The Next Chapter of Your Life

THE 10 COMMANDMENTS OF EDWARDS FAMILY LAW

At Edwards Family Law, we understand that your life, family, livelihood, and legacy are important to you. They are important to us as well. We are committed to doing everything possible to ensure your identity is respected and that your dignity is preserved throughout the process.

The law prohibits us from guaranteeing the outcome of your case. But, it does not prohibit us from guaranteeing the service you receive. We promise to provide you with the best in customer service and client relations. We have codified our commitment in our Ten Commandments. If we fail to deliver on any of our Ten Commandments at any time during your case, please let us know. We will apologize for our mistake and do what is necessary to fix the problem.

What You Can Expect From Your Experience With Edwards Family Law

  • 1
    Clients are not an interruption of our work. They are the purpose of it.
  • 2
    Clients will not be charged for calls to their attorney.
  • 3
    Each client shall receive aggressive representation combined with incomparable guidance and counsel.
  • 4
    Our clients will receive the most courteous and attentive treatment we can give them.
  • 5
    Each client will have their telephone call returned within one business day.
  • 6
    All of our attorneys shall practice exclusively family law and domestic relations.
  • 7
    Our clients are not just a name on a file. We will present each client with an honest assessment of all options to provide them with the best chance of success.
  • 8
    Our firm will attend all conferences and Continuing Learning Education Seminars related to the practice of Family Law to ensure that we have access to the most current case law that can affect your and your family's lives.
  • 9
    Our firm will employ the latest technology for use in your case, including a secure server where the client's entire paper file is scanned and posted to the server for immediate retrieval by the client.
  • 10
    Clients are people who bring us their wants. It is our job to meet those wants.

Frequently Asked Questions

Will filing for bankruptcy hurt my credit score?

Filing for bankruptcy has a major negative impact on your credit in both the short and long term. Bankruptcy gets reported to all three major credit bureaus (Experian, Equifax, TransUnion).

This directly causes your credit score to decrease significantly. Declines between 130-150 points are common after filing. Your score drops mainly because bankruptcy signals you are an extremely high credit risk.

Additionally, the bankruptcy stays on your credit report for 7-10 years, depending on the chapter filed. This long negative history makes lenders less likely to approve you for new credit or gives less desirable rates. It can be difficult to qualify for mortgages, car loans, credit cards, etc. during this time.

What debts can bankruptcy eliminate?

Common dischargeable debts in bankruptcy include medical bills, utility bills, personal loans, most credit cards, old tax debts, lawsuit judgments, and business debts.

Certain non-dischargeable debts include recent taxes, fraud debts, alimony/child support owed, and student loans in most cases. Chapter 13 offers broader discharge eligibility.

How long does bankruptcy stay on your credit report?

A bankruptcy can remain on your credit report for 7-10 years, depending on the chapter you file. Specifically:

Chapter 7 bankruptcies stay on your credit report for ten years from the date filed before dropping off.

  • Chapter 7 handles the liquidation of non-exempt assets to pay back creditors.
  • Chapter 13 bankruptcies remain for seven years from the filing date. Chapter 13 allows debt reorganization and a repayment plan over 3-5 years.

This is a major downside to filing bankruptcy – the negative status impacting your credit score and lending eligibility stays for quite a while. However, the bankruptcy record’s effect on your credit slowly decreases with time. A discharged bankruptcy usually looks better to lenders than ongoing delinquent debts or multiple recent late payments.

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