Matthew T. Berry Bankruptcy Law Blog on Lawyers.com

Federal and Georgia law permits some debt to be reduced or eliminated through bankruptcy, but not all types of debt can be discharged by law.  Anyone considering bankruptcy in Atlanta or throughout the state needs to seek the advice of experienced bankruptcy attorneys to ensure bankruptcy can provide the debt relief required for a fresh financial start.

Atlanta bankruptcy can provide effective help for unsecured debt

If your outstanding debt consists primarily of unsecured debt, you may not have to repay it in full—and you may be able to avoid making any further payments.  This is because unsecured debt is not backed by collateral.  Atlanta chapter 13 bankruptcy lawyer. Typical examples include the following:

• Credit and store card debt
• Personal loans that are not secured with collateral
• Medical, legal, and other bills
• Health club and other types of membership fees

A bankruptcy attorney can perform a detailed review of your specific financial situation to determine if filing bankruptcy is the right solution for you. 

An Atlanta bankruptcy lawyer can help with debt that cannot be discharged through bankruptcy

Of course, any debt backed by collateral—such as car loans and mortgages—cannot be discharged through bankruptcy.  If you are unable to make full, on-time payments, the chances are these assets will become the property of the creditor—unless you can repay the full balance that is due and negotiate new terms that allow you to continue to make payments in full on the due dates.  The law also prohibits the elimination of such debts as taxes, child support, alimony, and student loans.

An important role of bankruptcy lawyers is to analyze the proportion of your debt that can be effectively discharged through bankruptcy.  And if the portion of dischargeable debt is not large enough to justify a bankruptcy filing, your bankruptcy attorneys in Atlanta should be able to help you find other methods to resolve your debt.

Let an experienced Atlanta bankruptcy lawyer help you build a brighter future

You need an experienced, compassionate, and thorough law firm to handle your bankruptcy.  The attorneys at Berry & Associates have helped over 25,000 Georgians get the fresh financial start they need.  We can work with you to determine which bankruptcy option is best for your financial circumstances.  Contact us to schedule a free consultation at one of our nine Georgia offices.

Atlanta bankruptcy law firm

Berry & Associates
2751 Buford Hwy
Atlanta, GA 30324