Compassionate Legal Care
Bankruptcy Lawyer in McDonough
Helping You Obtain Debt Relief in Macon and the Surrounding Areas
Filing for bankruptcy is solid legal option for those who cannot reasonably pay back creditors, and it may be the only way to obtain a clean slate and financial freedom. If you are dealing with threats of home foreclosure, vehicle repossession, wage garnishments, judgment liens, or creditor harassment, Attorney Lisa M. Roberts, P.C. can help.
We assist local clients with a range of matters, including:
- Chapter 7 bankruptcy
- Chapter 13 bankruptcy
- Debt relief
- Foreclosure and repossession defense
- Garnishment defense
- Eviction relief
Our McDonough bankruptcy attorney has helped numerous clients navigate the complexities of the legal process. Your path to a fresh start begins with a free consultation, where we can carefully evaluate your financial situation and provide advice that is tailored to your needs. We understand that each of our clients is unique, which is why we don’t believe in a one-size-fits-all approach. When you work with us, you can count on personalized attention and individualized solutions.
Call Attorney Lisa M. Roberts, P.C. at (678) 509-6170 today to discuss your financial situation. Se habla español.
Chapter 7 Bankruptcy
If you file Chapter 7 bankruptcy, you are legally declaring that you do not have the ability to pay back your debts, and you submit to a process of asset liquidation. All non-exempt assets will be sold by a court-appointed trustee who will use the proceeds to pay your creditors.
Your debts will generally be paid in this order:
- Unsecured priority debts
- Secured debts
- Unsecured non-priority debts
After the proceeds have been exhausted, the remaining unsecured debts will be discharged. This means you will no longer be obligated to repay those debts, and your lenders will be prohibited from continuing their collection efforts.
To qualify for this type of bankruptcy, you must pass a means test, which compares your income to the state median for households of your size. If you make too much, you may still qualify if your income is too low to cover your monthly expenses. You also cannot have had a Chapter 7 liquidation in the past eight years.
Chapter 13 Bankruptcy
As opposed to liquidation, Chapter 13 bankruptcy is a form of debt reorganization. This involves submitting and completing a plan to repay your creditors in a three to five-year period. You will make monthly payments to a court-appointed trustee, who distributes the money to the creditors. As a result, you will not need to have any direct contact with your creditors. The size of your monthly payment will depend on your income and expenses.
Chapter 13 is a good option for those who do not pass the Chapter 7 means test. It is also a preferred type of bankruptcy for those who wish to keep more of their assets. However, to qualify, you must have a steady income that can be used to pay back your creditors. In addition, you cannot owe more than $1,081,400 in secured debts, and $360,475 in unsecured debts.
Obtaining Freedom from Financial Hardship
Attorney Lisa M. Roberts, P.C. is ready to help you find a debt relief solution that is right for you. Whether that solution is Chapter 7, Chapter 13, or another form of debt relief, our experienced lawyer is prepared to help you every step of the way. Through bankruptcy, our firm can help prevent foreclosure on your home, the repossession of your vehicle, creditor harassment, wage garnishment, and more. Ley our attorney guide you through the process of obtaining a fresh financial start.
To discuss your case with our McDonough bankruptcy lawyer, contact us online or call (678) 509-6170 today.