Consumer Bankruptcy Lawyers in Cartersville, Georgia

Find the right Consumer Bankruptcy attorney in Cartersville, 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 Cartersville, Georgia will have individual rules for exemptions, so you should speak with a local attorney before filing.

Chapter 7 Bankruptcy in Cartersville, Georgia

There are 2 common types of bankruptcy in Cartersville, 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 all non-exempt assets are sold, and the money from the sales turned over to the creditors, most remaining debt is discharged. But some types of debt cannot be discharged through Chapter 7 bankruptcy. These include child support payments, student loans, and criminal fines, among others. If most of your Cartersville, Georgia debts are not dischargeable, you might want to consider options other than bankruptcy.

Chapter 13 Bankruptcy in Cartersville, Georgia

Chapter 13 bankruptcy in Cartersville, Georgia is markedly different. It may or may not be a better option than Chapter 7, depending on the facts of your particular case. Chapter 13 does not eliminate any debt, but it creates a new payment plan that should give the debtor some breathing room. Usually, all of the debts are consolidated into 1 periodic payment. While this might make it take longer to pay off the debt, if the debtor is willing to make a few sacrifices, the plan should be manageable.

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

Which Bankruptcy type to file under depends heavily on the facts of each individual case. If you have a steady stream of income (enough to make a payment plan manageable), and a large amount of non-exempt property that you don't want to part with, Chapter 13 may be best for you. If you don't have a steady income or large amounts of non-exempt property, you may be better off filing for Chapter 7.

In any case, it would be a good idea to consult a local bankruptcy attorney in Cartersville, Georgia. Your attorney can make an educated judgment as to what your best option is, and advise you accordingly (of course, the choice to file for bankruptcy is ultimately yours).

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Cartersville

Cartersville, Georgia is a community located in Bartow County. After the 2000 census, its population was just under 30,000 people. A 2005 Census Bureau estimate placed its population at over 41,000, indicating very rapid growth.

Located about an hour's drive north of Atlanta, Cartersville is a popular place to live for families who want a quiet, safe place to raise children, but have at least one family member who works in the much larger city of Atlanta.

With an attractive historic downtown area, a community theater which performs in an historic venue, several art museums, and a fairly high median income,Cartersville, Georgia is considered a very good place to raise a family.

Cartersville is steeped in history, and one of the major points of historical interest is the Etowah Indian Mounds, a major archeological site. The mounds were built over 1,000 years ago, and artifacts from several different tribes are still being found in the area.

Given the rapid growth that the city of Cartersville has seen, and its various points of interest, it's no surprise that Cartersville, Georgia lawyers tend to be equipped to handle a wide variety of legal problems. Whatever legal issue an individual is likely to face, chances are good that a Cartersville, Georgia lawyer can help.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Ian M.
Ian M.

Bankruptcy, Banking & Credit

Richboro, PA

Eddy H.
Eddy H.

Bankruptcy, Banking & Credit

San Mateo, CA

Howard B.
Howard B.

Bankruptcy, Banking & Credit

Rye Brook, NY