Consumer Bankruptcy Lawyers in Tifton, Georgia

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

Chapter 7 Bankruptcy in Tifton, Georgia

There are 2 common types of bankruptcy in Tifton, 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 essential 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 Tifton, Georgia is not dischargeable, Chapter 7 may not be the best option.

Chapter 13 Bankruptcy in Tifton, Georgia

In Tifton, 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 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 Tifton, 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, you should talk with a local Tifton, Georgia bankruptcy attorney. Your attorney can advise you of your options and inform you of their likely consequences. This will make it much easier for your to make an informed choice.

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Life in Tifton

Tifton is the county seat of Tift County, Georgia. It boasts a population of about 17,000 and is nicknamed "The Friendly City" due to its local charm and "Southern hospitality".

Tifton is well-known for being named the "Reading Capital of the World" in the year 2000. The city earned this title through achieving several goals such as reduced illiteracy rates and increased library circulation. Additionally, Tifton has been voted one of the Top 100 Small Towns in America, and has also been named the Cleanest City in America.

Notable points of interest in Tifton include the Coastal Plain Research Arboretum, the Abraham Baldwin Agricultural College (ABAC), and the "Agrirama". The Agrirama is a large, 95-acre site dedicated to preserving Georgia's achievements in agriculture. The Agrirama houses Georgia's Museum of Agriculture and Living History Museum.

As you can probably tell, the agricultural industry is a large part of Tifton's culture and economy. Lawyers in Tifton, Georgia can help you address your legal needs which may be unique to Tift County. Tifton Municipal Court is where most Tifton lawyers file their cases. The municipal court is authorized to hear a wide array of legal matters.

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