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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. Not being able to pay your bills is a devastating experience. It is only made worse by creditors demanding money that you cannot afford to pay. Whether you, your family, or your business cannot seem to meet your financial burdens, Jeff Heller, bankruptcy attorney in Canton, can help.

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.

In Canton, bankruptcy can be complicated. For instance, there are a total of three bankruptcy options from which to choose, two of which are solely used for personal filing. Chapter 7 and Chapter 13 the proceedings which are usually reserved for individuals or a family who needs assistance to repay creditors.

Bankruptcy 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.” In Chapter 7, you repay as much debt as possible with the assets you have. This can be extremely overwhelming for a person, and their family since a lot of material possessions can be lost. There are ways to protect your personal assets and still have some debt relief. To ease this difficult process, contact Jeff Heller.

  • 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. Chapter 13 is sometimes less devastating on a family but nonetheless stressful. Like many bankruptcy provisions, Chapter 13 can be very time consuming and very complex. This method of repayment allows you to suggest a payment plan to your creditors that gives you more time or smaller payments so that you can work towards lowering your overall debt. It may also allow you to keep your home or other property that faces repossession.

Each form of bankruptcy has detailed rules and exceptions that affect what debts are covered, who is eligible, and what property may be seized. You do not have to make your bankruptcy decisions alone. Jeff can help you choose a way to face your obligations, and supply you with the representation you deserve.

Contact a Canton bankruptcy lawyer for help

For a bankruptcy attorney in Canton, GA, contact Jeff Heller at at (678) 992-4346 or complete the online web form.