Consumer Bankruptcy Lawyers in Griffin, Georgia

Find the right Consumer Bankruptcy attorney in Griffin, 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 creation of federal law, bankruptcy will go through federal courts. Accordingly, the process for filing for bankruptcy in Georgia is essentially the same as the process anywhere else in the United States. However, particular courts in Griffin, Georgia will have individual rules for exemptions, so you should speak with a local attorney before filing.

Chapter 7 Bankruptcy in Griffin, Georgia

There are 2 common forms of bankruptcy in Griffin, Georgia. They are known as Chapter 7 and Chapter 13 Bankruptcy. Chapter 7 involves liquidation of part of a debtor's assets. It requires that a certain percentage of the debtor's property to be sold to pay off as much debt as possible. The majority of property that most people own, however, is exempt. This usually includes homes, vehicles, retirement accounts, and others. These are not available to creditors.

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 forms 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 Griffin, Georgia debts are not dischargeable, you may want to consider options other than bankruptcy.

Chapter 13 Bankruptcy in Griffin, Georgia

Chapter 13 Bankruptcy in Griffin, Georgia is very different from Chapter 7. Whether or not it is a better option is very dependent on the facts of each individual case. Chapter 13 bankruptcy does not discharge debt. Instead, it restructures it. This involves the bankruptcy court coming up with a new payment plan that supersedes the terms of the agreements that gave rise to the debt in the first place. This results in a new payment plan that the debtor should find manageable, if he or she can make a few sacrifices.

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

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

Whatever your situation, you should speak with a local Griffin, Georgia bankruptcy lawyer. Your attorney will be able to advise you of your options and their likely consequences, which will help you make a more educated decision.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Griffin

Griffin is the county seat of Spalding County in the state of Georgia. It has a population of about 23,000 and prides itself in preserving its rich history revolving around early American colonial life.

Griffin is also known as "the Iris City" and is famous for being the birthplace of Wild West gunslinger Doc Holliday, who was a friend of the legendary Wyatt Earp. The city has several museums which showcase artifacts and relics dating back to the 1800's. These include the Griffin Museum and the Doc Holliday Museum.

Popular places to visit in Griffin are the Sam Bailey Building, the Old Medical College Historical Area, and Hawkes Library. The city holds many events year-round such as the Fourth of July Parade, the November Chili Cook-off, the April Arts and Crafts Festival, and the Annual Chamber of Commerce Dinner.

Downtown Griffin is unique in that it incorporates what is known as the "Main Street Four-Point Approach". This is a strategy that focuses on the distinct areas of Design, Promotion, Organization, and Economic Restructuring.

Lawyers in Griffin, Georgia typically file their cases at the Griffin Municipal Court. More advanced claims are heard at the Spalding County Superior Court. Griffin lawyers generally handle a wide variety of legal claims and issues. The Spalding County Courthouse was also an historical landmark in Georgia.

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