Understanding the Benefits of Georgia Bankruptcy

When people think about filing bankruptcy, they often assume the worst. They are afraid of the impact it will have on their credit score. They are worried they will lose their home or car. They don't think they'll be able to take out loans in the future. Thankfully, none of those things happen in bankruptcy.

If you are thinking about filing for bankruptcy, I can help you understand the positive impact it will have on your life. I am Marcus A. Rosin, P.C. — an experienced Cumming debt relief attorney — and I offer individuals throughout Georgia the financial protection they need.

Filing for bankruptcy can be a positive experience. It provides people the opportunity to get back on track with their finances and offers other positive outcomes:

• Stopping creditor harassment: When you are behind on your payments, every phone call, every letter and sometimes even the knocks at the door threaten to be creditor harassment. Filing Chapter 7 or Chapter 13 bankruptcy puts an automatic stay on all collection activities, meaning the nonstop harassment will immediately cease.
• Stopping wage garnishment: Many creditors are willing to take harsh actions against the people who owe them money. Unfortunately, many debtors receive their wake-up call when their wages are garnished. Once you file bankruptcy, all collection activities must stop immediately, including wage garnishment.
• Improving your credit rating: Many people are worried about the effect filing bankruptcy will have on their credit rating. In reality, if you are significantly behind on your debt and payments, bankruptcy gives you the opportunity to begin rebuilding your credit. It won't negatively impact you forever.
• Keeping your home and car: When you file bankruptcy, you will be given the opportunity to begin make back payments on your home and car. In Chapter 13 bankruptcy, these payments are rolled into the current payments, allowing people to keep their home, car and other assets of significant value.
• Improving life after bankruptcy: Bankruptcy provides individuals the opportunity to start over. Creditors will likely see you as a safer investment opportunity, and you can have the opportunity to make larger purchases you may have been denied otherwise.

The sooner you begin the bankruptcy process, the sooner you will see the benefits. Learn more about the steps you can take to begin rebuilding your financial future. Contact me online or call (678) 208-0339 to schedule your free initial consultation with an experienced bankruptcy lawyer.