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Benefits of Working with a Bankruptcy Attorney in Atlanta

A common misconception is that only financially irresponsible people file for bankruptcy. In reality, bankruptcy is most often the result of divorce, major illness, a failed business, or job loss, situations out of your control. Every year, thousands of individuals hire a bankruptcy attorney in Atlanta so if you are facing this situation, it is important to know that you are not alone.

Although the first response is to feel embarrassed and ashamed, the best decision you can make is to hire a reputable bankruptcy attorney in Atlanta who will work on your behalf and guide you through the process.

Dealing with a bankruptcy in Atlanta is hard enough but then trying to understand all the rules is easily overwhelming. Because bankruptcy is so serious and with new laws and regulations in place on a local, state, and federal level, this is not something you should ever tackle on your own. There is simply too much at stake, which is why working with a reputable bankruptcy attorney in Atlanta is to your benefit.

Options for Bankruptcy in Atlanta

A good bankruptcy attorney in Atlanta will assess your current situation and then devise the right plan. This professional will work provide information about the different types of bankruptcies, answer questions, stand alongside you throughout hearings.

  • Chapter 7 – This is a straightforward type of bankruptcy in which no repayment plan is established. The main benefit of filing a Chapter 7 bankruptcy in Atlanta is that in most instances, the proceedings are finalized in roughly four months. Compared to Chapter 13, attorney fees for a Chapter 7 are typically lower since the amount of work involved is not as complex.
  • Chapter 13 – Also referred to as a “reorganization”, a Chapter 13 bankruptcy in Atlanta involves you having adequate money to repay some debt owed to creditors but through the system, the exact amount and the length of time for repayment is determined. Depending on your situation, a Chapter 13 bankruptcy in Atlanta may be your only option for getting out of debt.
  • Credit Negotiation – While not officially a form of bankruptcy, credit negotiation is often performed as a means of avoiding bankruptcy in Atlanta. In this case, a settlement agreement is developed with your creditors whereby a lump sum is paid. For this, a qualified bankruptcy attorney in Atlanta will explain tax implications and other rules associated with credit negotiation.

The bottom line – if you are heading toward a bankruptcy in Atlanta, know that you are not alone and that viable options are available.

When it comes to free advice pertaining to bankruptcy, no one cares more or has more knowledge than the professionals with However, in Atlanta there are a number of qualified services that provide a wealth of information to help you get on the road to recovery.

[i] WTRF –

[ii] Savannah Business Journal –$17-million-in-debts.html