Atlanta Bankruptcy Associates Help Locals Choose the Right Type of Bankruptcy

Atlanta Bankruptcy Associates is a leading bankruptcy law firm. Their goal is to provide professional legal representation as well as the personal support and attention clients deserve. In addition, they venture to help people make an informed decision regarding their financial situation. That’s why, in the last update, they posted some tips for choosing the right bankruptcy.

In their recent article on their official website, Atlanta Bankruptcy Associates, a premier bankruptcy firm, shared a guide to helping people choose the right kind of bankruptcy option. By explaining the confusion of bankruptcy to individuals, this Cumming Bankrupt Lawyer stated this:

Chapter 7, also called direct bankruptcy or liquidation, allows people to get rid of all their debts by waiving their obligation through the bankruptcy court. They achieve this with the help of a bankruptcy lawyer in Cumming. In this type of bankruptcy, most of the client’s assets can be distributed to the creditor. Nevertheless, they could be eligible for different exemptions under the law which protects multiple assets.

Chapter 13 bankruptcy, also known as reorganization or employee plan, is for people with a regular source of income. In this type of bankruptcy, the court authorizes a debt repayment plan that spans 3-5 years. They will keep the lenders at bay provided the debtors make the necessary payment. This type of bankruptcy does not require individuals to confiscate properties to pay off unsecured debts.

About Us

Atlanta Bankruptcy Associates allows people to explore their best bankruptcy and debt negotiation solution based on their circumstances and circumstances. Our team of bankrupt lawyers is dedicated to helping clients achieve their goals.

Media contact
Company Name: Atlanta Bankruptcy Associates
Contact person: Samantha Room
E-mail: Send an email
Call: (678) 582-2985
Address:347 Dahlonega Street, Suite 200
City: Squirting
State: GA 30040
Country: United States

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