Is Bankruptcy The Right Choice for Me?

Gainesville Bankruptcy LawyerIf you are considering bankruptcy now is the time to contact your Gainesville GA bankruptcy lawyer. Bankruptcy is a major decision that will have a negative effect on your credit report for up to 10 years. The legal process for declaring bankruptcy can also be very confusing without the help of an experienced attorney.

The bankruptcy attorneys of Coleman & Chambers will provide you with a free consultation assisting you in your decision to file bankruptcy or not. Choosing a lawyer that is experienced with how the regulations will impact you within your district and state is very important.

Coleman & Chambers, North Georgia bankruptcy lawyers, can guide you through the often times confusing process of bankruptcy. Working with a lawyers you can decide if bankruptcy is the right choice for you. Furthermore, a lawyer will help you decide if a Chapter 7 or Chapter 13 better meets your situation.

What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

In Chapter 7 bankruptcy nearly all of your debts are wiped out. You do run the risk of losing for example, valuable collections, family heirlooms and antiques, vacation homes, cash savings, a second vehicle and other specific items.

In Chapter 13 bankruptcy you are generally not at risk for losing your assets, however you are set up with a repayment schedule for your debts. In both cases the bankruptcy process follows both state and federal laws.

What Assets Must I Report When Filing For Bankruptcy In Georgia?

It is important to list all of your assets to avoid committing bankruptcy fraud. Examples of assets include your home or homes that you own, cars, valuable collections, boats, guns, jewelry, furs, items that are worth at least $1000, and inheritances, to name a few. An experienced bankruptcy lawyer will have no problem directing you through the process.

Contact A Gainesville GA Bankruptcy Attorney For Help Today

The bankruptcy law team at Coleman & Chambers understands this is a difficult period of time for you. Begin the process of rebuilding your life and credit by contacting a Gainesville, GA bankruptcy attorney. Call our office for a free initial consultation today!

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The Coleman & Chambers law firm in Gainesville, Georgia, serves clients in Dawson County, Hall County, White County, Forsyth County, Lumpkin County, Union County, Habersham County, Towns County, Stephens County, Rabun County, Banks County and Jackson County including the cities of Atlanta, Dahlonega, Dawsonville, Lawrenceville, Buford, Cornelia, Clarksville, Baldwin and Cumming.