Chapter 7 bankruptcy provides a "fresh start" for clients by eliminating most forms of debt. Chapter 7 will stop the harassment of collectors, end wage garnishments and bank levies, prevent foreclosure and lawsuits, protect your vehicle from repossession, and eliminate debts. Chapter 7 provides relief from debt while also allowing you to keep your home, vehicle, and personal property so long as your payments are current as of the time of filing. Read more about Chapter 7 bankruptcy
Chapter 13 Bankruptcy allows individuals with stable income to repay their debt in a single, manageable monthly installment arrangement. This can include all of your debts or just those debts you are able to afford depending on your individual circumstances. Chapter 13 has helped thousands of people save their homes and cars from foreclosure and repossession. A Chapter 13 repayment plan will last anywhere from 3 to 5 years depending on your debts, income, and expenses. Chapter 13 is a stable, court-ordered repayment agreement administered by a Chapter 13 Trustee that helps individuals retain their property while repaying their debts in a structured agreement that is affordable. Read more about Chapter 13 bankruptcy
Bankruptcy offers Georgia residents an opportunity to prevent an impending foreclosure. Depending on the type of case filed, Bankruptcy can also force a mortgage company to accept installment payments towards arrearages in order to allow homeowners to catch up on delinquent payments. If a homeowner is facing foreclosure and is not seeking to cure the default and keep the property, Bankruptcy can still provide the homeowner with more much needed time in the property to make future arrangements.
Non-Bankruptcy Debt Relief Options
While Bankruptcy is certainly a powerful tool for debt relief, it may not always the right option for everyone. A good Bankruptcy attorney knows that Bankruptcy is not for everyone. In some circumstances, individuals can better meet their goals and achieve financial relief and peace without bankruptcy. Our firm not only understands this but can also help guide you through negotiating settlements with your creditors on your behalf.
Our skilled consumer protection attorneys can help you understand the benefits and drawbacks to various debt relief avenues. In these trying economic times it is difficult for consumers to find trustworthy guidance and weed out scam artists. At Khano & Associates you will meet face-to-face with one of our attorneys who will go over all of your options in great detail so that you can decide what type of relief will help you achieve your goals and get you back in control of your financial future.
If you are facing financial hardship all you need to do is call us for a free consultation and we will help you find the path to financial peace that best suits you.
FOR A FREE CONSULTATION
Khano & Associates
58 South Park Square NE - Suite N
Marietta, GA 30060