Consumer Bankruptcy Lawyers in Brunswick, Georgia

Find the right Consumer Bankruptcy attorney in Brunswick, GA

Bankruptcy is a legal procedure that allows an individual or business to have some or all of their debts discharged. It is usually considered as an option of last resort, because while it can stave off financial disaster, it has some significant long-term consequences warranting careful consideration of the costs and benefits. Being a product of federal law, bankruptcy will go through federal courts. Accordingly, the procedure for filing for bankruptcy in Georgia is basically the same as the procedure anywhere else in the United States. However, individual courts in Brunswick, Georgia will have individual rules for exemptions, so you should speak with a local attorney before filing.

Chapter 7 Bankruptcy in Brunswick, Georgia

There are 2 common types of bankruptcy in Brunswick, Georgia. They are known as Chapter 7 and Chapter 13 Bankruptcy. Chapter 7 bankruptcy involves liquidation of some of the debtor's assets. It requires some percentage of the debtor's property to be sold in order to pay off as much of his or her debt as possible. However, the majority of property that most people own is exempt. This usually includes homes, vehicles, insurance policies, and retirement accounts. These do not need to be sold.

Once eligible assets are sold, and the proceeds turned over to the creditors, most remaining debt is excused. However, some types of debt cannot be discharged in bankruptcy, including student loans, taxes, child support, personal injury awards, and fines. If most of your debt in Brunswick, Georgia is not dischargeable, you might want to consider other options besides bankruptcy.

Chapter 13 Bankruptcy in Brunswick, Georgia

In Brunswick, Georgia, Chapter 13 is quite different from Chapter 7. Chapter 13 may or may not be the best choice for you; this depends on the facts of your particular situation. Chapter 13 bankruptcy does not eliminate debt, it restructures it. This involves a court coming up with a new repayment plan designed to be manageable for the debtor. This new plan sets aside the terms of the original agreements that created the debt in the first place. This creates a new payment structure, usually involving a single monthly payment, that the debtor should find manageable.

Which Type of Consumer Bankruptcy Should I File in Brunswick, Georgia

Whether Chapter 7 or Chapter 13 is the right choice for you depends heavily on your individual situation. If you have a steady income stream, and a lot of non-exempt property, Chapter 13 might be right for you. If you don't have a steady income, and most of your property is exempt, Chapter 7 might be a better way to go.

Of course, you should always seek the counsel of an experienced local Brunswick, Georgia bankruptcy attorney before you make the decision to file. He or she will be able to advise you of your options, and suggest the best possible course of action for your particular situation.

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Life in Brunswick

Many Georgians know Brunswick because it is the seat of Glynn County, the Federal Law Enforcement Training Center, and the United States Department of Homeland Security. Those three major institutions in Brunswick provide the bulk portion of jobs. The city is the twelfth largest municipality in the State of Georgia with an estimated 104,000 residents. The city is known as the "Shrimp Capital of the World" as a result of the budding shrimp and crab industry but also plays host to a number of experienced lawyers. Brunswick lawyers are familiar with local court procedures and use their knowledge to help advise you.  

Historically, Brunswick played a major role in building and launching war material transport ships, namely the Liberty Ships, that were built by the J.A. Jones Construction Company. Liberty Ships were used to transport material to the European and Pacific Theatres. Brunswick was also the location of President George Bush's G8 Summit and has a thriving aeronautical industry. Brunswick is well known in the professional golf world because it hosts the Seaside Resort, a Professional Golf Association course named #1 resort in North America by Golf Digest. 

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