Compassionate Legal Care
McDonough Debt Relief Attorney
Helping Macon Residents Toward Financial Freedom
It can be difficult to emerge from drowning in debt if you do not act fast. Attorney Lisa M. Roberts, P.C. is a dedicated debt relief lawyer who can take a detailed look at your situation and explain all your options you have for debt relief, from filing for bankruptcy to debt settlement. One of the most effective ways to discharge your debt and restart financially is filing for bankruptcy, and it is critical that you consult a legal professional who is particularly knowledgeable about the process to guide you.
Attorney Roberts has your best interests in mind and will do her best to help you out of your debt and back on your feet. Schedule a free consultation today to get started.
Discharging Your Debts Through Bankruptcy
Chapter 7 liquidation bankruptcy and Chapter 13 reorganization bankruptcy (“debt consolidation”) are two effective ways to discharge your debts through bankruptcy. Individuals whose income is less than the median income for their family size in the state qualify for Chapter 7. Otherwise, you should file for Chapter 13 bankruptcy.
Under Chapter 7 bankruptcy, your property will be liquidated to pay back your creditors. You can exempt certain real, personal, and intangible property from liquidation. Under Chapter 13, you will propose a 3-5-year repayment plan for you to pay back creditors over time, and the monthly payment amount will be based on your income, expenses, and amount of debt. At the conclusion of both of these processes, your remaining debts will be discharged (except for exempt debts like child support arrears and student loans). The Chapter 7 process tends to be quicker at around 6 months, while Chapter 13 is determined by the length of the repayment plan.
Filing for bankruptcy also issues an “automatic stay” that will temporarily halt any debt collection actions against you. This will buy you significant time to plan and reorganize your debts and work on a plan for erasing them.
Debts That Bankruptcy Can Protect Against
Bankruptcy can help address most debts, including:
- Credit card debt
- Payday loans
- Medical bills
If you own a house, car, or other significant asset but are struggling to keep up with payments for it, filing for bankruptcy like Chapter 13 will give you the opportunity to possibly reduce your debt through reorganization. Attorney Lisa M. Roberts, P.C. has extensive experience helping clients develop debt relief plans to rebuild their financial health. Our firm’s main goal is to help clients eliminate their debt and, if possible, retain their hard-earned property, as in the case of Chapter 13.
Reach out to Lisa M. Roberts, P.C. today for a free initial consultation to discuss your debt relief options with a legal professional. Let’s get you the financial freedom you deserve to rebuild your life.