Snellville Bankruptcy Attorney Keith Cornwell

Filing bankruptcy can be a convenient and effective way of finding a solution to all those debts that you simply can’t afford to pay. A consumer can have their unsecured debts dismissed if they just ant afford the payments, and these include credit card debt and medical bills. If you are a Snellville resident and are thinking of filing for bankruptcy, it is important to get professional advice as the process can be confusing and difficult to understand.

Once you contact the Cornwell Law Firm, you are assisted every step of the way and your case is given the personal care that you would expect. The experienced and knowledgeable attorneys in the Cornwell Law Firm are standing by to help you and will work closely with you from the initial no-obligation consultation to the point where everything is finalized.

Areas of Practice

A good bankruptcy lawyer will review your case with you and discuss any possible alternatives to bankruptcy that you might have, such as debt settlement or debt negotiation. We can negotiate with your lenders to either lower the total amount you owe to them, or to come up with lower monthly payments and you are considered to have settled the debt once this lower amount is paid off. For some, this can be a more effective alternative to filing bankruptcy.

Chapter 7 or Chapter 13?

Many people are confused over the differences between the two major types of bankruptcy, and the Cornwell Law Firm can explain the differences and advise which one is applicable to your situation. Chapter 7 allows you to have most of your unsecured debts discharged, and is usually a better option for anyone who simply cannot afford to pay their debts as their income is below the state average. However, if you are faced with foreclosure, then Chapter 13 may be a better solution for you. it allows you to modify your loan and lower the principle amount owed and gives you an opportunity to pay the default amount during the next three to five years before having an outstanding balance discharged.

A means test is required for anyone thinking of filing bankruptcy, to determine eligibility, and the test takes into account and compares monthly expenses and monthly income. You may qualify for Chapter 13 bankruptcy if you have a steady and sufficient income; whereas Chapter 7 may be applicable if your difference between income and expenses is less than the state average. The Cornwell Law Firm can help to advise you which of these options is best for your situation.

Advantages of Bankruptcy

There are several advantages to filing for bankruptcy. The automatic stay laws mean that once you have filed, all those annoying letters and phone calls asking for payment must stop immediately. You are also better off, as you no longer struggling to make payments to your creditors that you simply cannot afford. Contrary to popular belief, filing for bankruptcy does not mean that you will lose everything, and you many filers keep their home and their car. Bankruptcy really isn’t the end of your life as you know it, and most people who do take this step experience a sense of financial freedom and have the opportunity to start over and get their financial life back on track.

Contact the Cornwell Law Firm

The Cornwell Law Firm has helped thousands of people in the Snellville area in situations similar to yours, and we can help you to file for bankruptcy, explore alternatives and answer any questions that you might have. We treat your case with the utmost respect and treat you as we ourselves would want to be treated.

Depending on your situation, you may be able to take advantage of payment options. Cornwell Law Firm offers a no obligation and free initial consultation and to schedule an appointment with one of our experienced Snellville Bankruptcy Attorney Keith Cornwell, please fill out the online evaluation form or call us today.