Bankruptcy Info

/Bankruptcy Info

5 Benefits of Working with a Bankruptcy Lawyer


People who are considering bankruptcy are generally trying to hold on to as much money as possible. When you are dealing with overwhelming financial problems, the last thing you probably want to do is pay costly lawyer fees to help with your bankruptcy case. While you always have the right to file on your own and without legal representation, there are numerous benefits to hiring a bankruptcy lawyer. In addition, many bankruptcy lawyers do not charge extravagant hourly fees, and you should be well-aware of their fees before you ever sign an agreement. Benefits of Working with a Bankruptcy Lawyer In [...]

5 Benefits of Working with a Bankruptcy Lawyer2019-09-09T11:05:08-04:00

Types of Bankruptcies: Which is Right for You?


Common Types of Bankruptcies in Georgia In 2019, just over 2,000 bankruptcies have been filed each month in Georgia. This number does not include debtors who reopened bankruptcy cases. Although bankruptcy is a relatively common occurrence, it can be terrifying when you feel your own debts piling up and realize that you may join the ranks of those filing for bankruptcy. If, after consulting with an experienced attorney, you determine that bankruptcy is your best option, you will have some decisions to make. Continue reading to learn more about the most common types of bankruptcies and which is right for your [...]

Types of Bankruptcies: Which is Right for You?2019-08-15T09:26:41-04:00

How Child Support and Chapter 13 Bankruptcy are Connected


The Basics of Child Support and Chapter 13 Bankruptcy If you are considering bankruptcy, you are likely struggling to meet your financial obligations. When your financial troubles include child support or alimony on top of mounting bills and debts, you may feel stressed and overwhelmed. Simply not paying child support can land you in legal trouble, so it is not the best option. Bankruptcy can seem like the answer to your financial problems, but you should be certain that you know exactly what you will and will not achieve by filing bankruptcy before you proceed. Continue reading to learn about child [...]

How Child Support and Chapter 13 Bankruptcy are Connected2019-06-10T13:43:12-04:00

What is the Automatic Stay Option in Bankruptcy?


Understanding the Automatic Stay Option When medical bills, credit card debts, and other financial burdens have become overwhelming, you may be considering bankruptcy. If you are afraid that filing bankruptcy will mean that you lose your car, home, or other property, you’ll be happy to learn that there are numerous protections in place for consumers who file for bankruptcy. One of which is the automatic stay option. Consumer Protection in Bankruptcy Georgia law allows consumers filing for bankruptcy to claim exemptions for certain property, but this may not be enough to protect all of your property. Thankfully, federal law grants those [...]

What is the Automatic Stay Option in Bankruptcy?2019-02-28T15:16:41-04:00

Debts you cannot discharge


Debts You Cannot Discharge When you find yourself totally overwhelmed by your debts, bankruptcy offers you a "fresh start". There are numerous reasons that people turn to bankruptcy, things like a serious illness, loss of a job, and so many other things one has no control over. Of course, there are times that irresponsibility or horrible decisions can be behind the filing of bankruptcy. The law does it's best to balance the scale between the interest of the creditors involved and the need for a fresh start. The fact is however that so many people do not understand that all types [...]

Debts you cannot discharge2018-05-07T15:29:20-04:00

5 Must Haves in a bankruptcy lawyer


5 Must Haves in a Bankruptcy Attorney Bankruptcy lawyers often make a kill during tough economic times. However, their clients, most of who know very little about the process and lack time to find out, are the ones who lose out. To avoid being part of this statistics, there are a couple of must-haves on your list when dealing with bankruptcy lawyers. Client's checklist: Get value for your money and nothing less Work with a real bankruptcy expert The expert must be aware of code changes Avoid shoddy lawyers Ensure the lawyer is someone you can establish a comfortable professional relationship [...]

5 Must Haves in a bankruptcy lawyer2018-05-07T15:30:53-04:00

The Bankruptcy Process


The Bankruptcy Process Beginning the bankruptcy process means itemizing your income sources. The Cornwell Law Firm is here to assist you. You need to list - Monthly Living Expenses Property  Debts  Major Financial Transactions  Tax Returns (two years back)  Deeds/ Car titles  Loan Documents Filing Bankruptcy After gathering all this information, by yourself or with the help of an attorney, you need to decide what property you think may be exempt from seizure according to the Georgia law exemptions. To start the filing you or an attorney need to file the normal 2-page petition along with several other forms down at [...]

The Bankruptcy Process2018-05-07T15:18:50-04:00

Types of Debt


LAWRENCEVILLE AND ALL OF GWINNETT COUNTY - TYPES OF DEBT The type of bankruptcy filed for depends on the nature of the debt, however, an experienced Bankruptcy Lawyer such as Keith Cornwell will explain the situation more clearly. When trying to locate an attorney, you should look for a lawyer who will lighten the burden of debt and put you in a better financial position. Attorney Keith Cornwell is a skilled debt adviser. He will work with you to help to reduce or eliminate unmanageable business debt or consumer debts. Unsecured versus Secured Debt Residents of Georgia should understand the different [...]

Types of Debt2018-05-07T15:46:25-04:00

What to Expect From Your Bankruptcy Attorney


What To Expect From Your Bankruptcy Attorney The specific services that are being provided to you by your bankruptcy attorney will be spelled out in the retainer agreement given to you, although you should also expect the following from your attorney: Competent Advice Your attorney's job is to accurately advise you whether bankruptcy is the best option for you, or whether some other solution might be a better option. Your attorney is also obligated to provide you with competent and accurate legal advice. The Type of Bankruptcy - whether Chapter 13 or Chapter 7 would be best for your specific situation. [...]

What to Expect From Your Bankruptcy Attorney2018-05-07T16:03:13-04:00
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