With over 25 years of bankruptcy experience, and 10 years as a Bankruptcy Trustee for the Bankruptcy Court, The Wright Law Alliance, P.C. has the experience and expertise to help you and your family through any of these personal bankruptcy processes for the Bankruptcy Court. Call us to learn if bankruptcy is the right tool to get you back on track financially.
Chapter 7 Bankruptcy
Also known as “straight bankruptcy” or “liquidation”, Chapter 7 bankruptcy is the most common form of bankruptcy. Filing a Chapter 7 bankruptcy immediately stops creditor calls and collection attempts. It can also put a hold on foreclosure and repossession, giving you time to make other arrangements for yourself and your family. You can wipe out most, if not all, of your debts through the Chapter 7 discharge. Most Chapter 7 cases are finished in just a few months, allowing you to start rebuilding your credit as quickly as possible. We’d like to learn more about your situation which is why you can schedule a complimentary consultation with us. (Click here to begin)
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a great option if you are behind on your house or car payments and want time to “catch up,” so you can keep the property. Chapter 13 may also be the best option if you do not qualify for a Chapter 7 case, or if you have a large amount of unprotected equity in your home that you may lose in a Chapter 7 case. Chapter 13 involves repayment of debt (some or all) through a court-approved payment plan for 3 to 5 years. A Chapter 13 repayment plan can lower your monthly debt payments and give you some much-needed breathing room. Chapter 13 allows you to discharge (wipe out) debt, while you keep the property you want to keep. I’m the right bankruptcy lawyer who can help, call me.
Chapter 11
Individuals may file a Chapter 11 case when they want the benefits of a Chapter 13 repayment plan, but their debt is too high for a Chapter 13 case. There are also other benefits to individuals filing a Chapter 11 case over a Chapter 13 case:
- Prepetition mortgage arrears too high to pay in five years
- Pay the value of a car (if less than the amount you owe) that was recently financed
- You recently received a Chapter 7 or Chapter 13 discharge
- More time to pay non-dischargeable debts, like payroll taxes
Let The Wright Law Alliance, P.C. help you get back on the road to financial success. To find out about your options, click “chat live” or contact us today or tell us about your situation below.
We a debt relief agency. We help people file for Bankruptcy relief under the Bankruptcy Code.
Should I Consider Chapter 7 Bankruptcy?
Have you tried catching up on your debt but still can’t seem to get a handle on it? This might have you wondering what your next step should be. Chapter 7 bankruptcy can offer you relief from this debt by discharging some or all of what you owe. But it isn’t a quick fix-all solution. There might be some drawbacks such as some loss of physical assets and impacts to your credit that you should be aware of before deciding. As bankruptcy attorneys for Atlanta and the surrounding area, it is our job to ensure our clients – and potential clients – are making an informed decision about their financial future. What Is Involved with Filing? From the time of filing, it generally takes about three months for your debts to be discharged. Some of the steps you can expect to go through as part of the process include: Bankruptcy counseling A “means test.” This will determine your eligibility. Filing a petition with your local bankruptcy court. Attending a meeting of the creditors. Completing a financial management course. Thankfully, if you hire a bankruptcy attorney, they will handle most of this for you. When Should I Start Thinking About Bankruptcy? If you are drowning in debt and aren’t sure where to go next, you might already be beginning to consider filing bankruptcy. If you’ve tried to negotiate with companies you owe or to consolidate your debt but still need help, chapter 7 might be something you should consider. Think [...]
Financially Affected Due to COVID-19? Here are some solutions.
The COVID-19 pandemic has taken a toll on people in more ways than one. While it undoubtedly has physical effects, it has also presented challenges in people’s financial lives. Unfortunately, the outbreak continues and many people are beginning to worry about how to get out of where they are at now financially. When making any decision, it is important to consider all your options. For some, bankruptcy is the right option. But it isn’t the only option. Here are some solutions to consider if you have been financially affected by the COVID-19 pandemic: Tips to Avoid Bankruptcy If you have found yourself with mounting debt, you aren’t alone. Many Americans have debts. While some debt is a result of overspending. it is most commonly caused by uncontrollable circumstances. Before you jump to file bankruptcy, it is recommended that you try some of these other methods to get your debt under control: Cut your expenses. When it comes to getting your finances in order, it is important to know exactly where your money is going. Oftentimes, you can find money to pay off debt by determining areas where you are currently spending that are unnecessary. Create a list of all your expenses and cut where you can. Prioritize your debts. In your list of expenses should also be a list of all your debts. Many people make the mistake of blindly paying off debt. but it is more efficient if you do it with a plan. Determine which ones have [...]
Feel “Meh” because of bill collectors? Call us. 404-373-9933
Feel “Meh” because of bill collectors? Call us. 404-373-9933
Securing Your Financial Future With The Wright Law Alliance Podcast 1 | 12-10-2020
In this podcast mini-series, we're going to talk about solutions for those facing financial hardships because of COVID-19. If you're struggling with bills piling up, eviction, or foreclosure we hope this mini-series can offer solutions to help you get on to the road to recovery. On December 31 the rental moratorium will end in the US unless Congress acts to help impacted Americans. We hope to add insight from Angelyn Wright, an experienced bankruptcy lawyer who has helped clients in Georgia for the past 20 years. If you have questions you can schedule a complimentary consultation. Or call at (404) 373-9933
