Cherokee County Bankruptcy Lawyers

When should you not file for bankruptcy?

Declaring bankruptcy can be a useful option for those inundated with serious amounts of debt.  But if you are thinking about filing for bankruptcy protection under Chapter 7 or Chapter 13, it is crucial that you first consider what all consequences will be.  Consult with a bankruptcy lawyer in Cherokee County before making any decisions, as the following reasons may dissuade you from resorting to bankruptcy:

• If you own and are particularly attached to property or assets that would not be exempt in a bankruptcy filing, bankruptcy may not be for you.  In certain types of bankruptcy, non-exempt property such as family heirlooms, pieces of art, vacation homes, and extra vehicles are liquidated and sold off to creditors to pay your debt.  In most cases, you will be able to keep your primary residence.
• Chances are that if you are considering bankruptcy, your credit history has already been affected.  But it is worth noting that a bankruptcy filing will be part of your credit history for ten years and will impact your credit score.  During that time, you will be able to work toward rebuilding your credit.
• Your bankruptcy filing will also be part of the public record.  While there are numerous legal protections when you file for bankruptcy, it may harm your financial reputation. It is may affect your ability to purchase items on credit, sign a lease or a mortgage, or even apply for a credit card.  Potential employers can also run credit checks.
• The costs of filing for bankruptcy can be considerable.  In addition to the cost of a bankruptcy attorney in Cherokee County, be prepared to pay for court fees, trustee fees, consumer counseling, and mandatory personal financial management courses.

Making the decision to file bankruptcy should be a last resort.  If you are able to get control of your debt by making a few sacrifices, it is worth it—especially if by doing so you can avoid declaring bankruptcy.  While only you can make the final decision, a qualified Cherokee County bankruptcy attorney is your best asset when contemplating your options for dealing with your debt.  Always consult with an attorney from a skilled and educated bankruptcy law firm, as he or she can also advise you on the types of bankruptcy protection available.

Take control.  Get relief.  Contact us.

Bankruptcy may not be for everyone, but it is one way to gain a fresh start in life.  We work hard to bring you the best legal representation in debt relief matters.  You can call us at either office location of Woodstock, Georgia at 678-925-3510 or Alpharetta, Georgia at 678-925-3551.  You can also contact us online and put our experience to work for you.

Serving Woodstock, Roswell, Alpharetta, Canton, Fulton, Acworth, Kennesaw, Cumming, Fulton County, Forsyth County, and Cherokee County, Georgia.