Canton Bankruptcy
Stop creditor action immediately
It is hard for working people to survive these days. These unprecedented times have seen even dual income families in desperate need of assistance from bankruptcy courts.
Before taking any action to resolve your debt, you need to speak with a Canton bankruptcy lawyer who understands all the legal complexities of debt protection. Jeff Heller can help you tackle financial issues like bankruptcy, debt relief, and foreclosures.
Bankruptcy Attorney in Canton, GA
Types of bankruptcy
Bankruptcy is a federal court process that aids consumers and businesses in either eliminating or repaying their debts. They can generally be lumped into either liquidations or reorganizations:
- Chapter 7 (liquidation). Chapter 7 bankruptcy, sometimes called a straight bankruptcy, is designed to give a person a “fresh start.”
- Chapter 13 (reorganization). Chapter 13 bankruptcy is the more common form of bankruptcy for consumers. Under this type of bankruptcy, you can keep all your property, but must make monthly payments over three to five years to repay all or some of your debt.
Each form of bankruptcy has detailed rules and exceptions that affect what debts are covered, who is eligible, and what property may be seized.
