Consumer Bankruptcy Lawyers in Thomasville, Georgia

Find the right Consumer Bankruptcy attorney in Thomasville, GA

Bankruptcy is a legal procedure that allows an individual or business to have some or all of their debts discharged. It is normally considered as an option of last resort, because while it can stave off financial disaster, it has some considerable 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 Thomasville, Georgia will have particular rules for exemptions, so you should speak with a local attorney before filing.

Chapter 7 Bankruptcy in Thomasville, Georgia

There are 2 main types of bankruptcy in Thomasville, Georgia. They are known as Chapter 7 and Chapter 13 Bankruptcy. Chapter 7 liquidates some of the debtor's assets. It requires a certain percentage of the debtor's assets to be sold off to pay as much of his or her debt as possible. However, many types of property that most people own are exempt, meaning that they don't need to be sold. This often includes houses, vehicles, insurance policies, and basic personal items, like clothing. These assets are not available to creditors.

Once the non-exempt property is sold, the rest of the dischargeable debt is eliminated. Some types of debt, however, is non-dischargeable, including student loans, criminal fines, and others. If most of your debt in Thomasville, Georgia is not dischargeable, Chapter 7 may not be the best option.

Chapter 13 Bankruptcy in Thomasville, Georgia

In Thomasville, Georgia, Chapter 13 is very different from Chapter 7. Chapter 13 may or may not be the best choice for you; this depends on the facts of your individual situation. Chapter 13 Bankruptcy involves a court setting up a modified payment plan, which allows the debtor to pay off most or all of his debts over a prolonged period of time, through monthly payments that should, assuming that the debtor is willing to make a few sacrifices, be manageable.

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

This depends entirely on the facts of your individual case. If you have a decent amount of steady income, and a large amount of non-exempt property which you don't want to part with, Chapter 13 might be the best option for you. If most of your property is exempt, and you don't have much steady income, Chapter 7 might be the best option.

Regardless of your situation, you should speak with an attorney in Thomasville, Georgia who is experienced in bankruptcy before making a decision. They will be able to advise you of your options, and the likely outcomes of each one, allowing you to make a much more informed decision.

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Life in Thomasville

Thomasville is located in Thomas County, Georgia, and is the county seat. With a population of 19,000, it is the second largest city in the Southwest Georgia region.

Thomasville is best known as "The City of Roses". The city maintains over 7,000 rose plants located in various spots throughout the city. Many residents also grow their own rose plants for display. A Rose Festival is held every year at the end of April, where rose cultivators from all over the world display their prize rose specimens. The festival includes street shows, dancing, vendor displays, and plentiful selections of food.

The city of Thomasville prides itself on preserving American history and culture. Popular historic sites include the Thomasville Cultural Center, Thomasville Landmarks, and the Thomas County Historical Society Museum of History. The historical sites attract numerous tourists every year.

Thomasville lawyers can usually assist you by filing your claim at the Municipal Court of Thomasville. The municipal court is the first avenue of relief for most types of legal claims. Many lawyers in Thomasville, Georgia are members of the Thomas County Bar Association in addition to the Georgia State Bar.

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