The numbers of bankruptcies filed in 2011 are slated to be the second highest since 2005. In Georgia in 2011, 54,811 Chapter 13 and 7 bankruptcies were filed with Georgia ranking 3rd in the nation on per capita filings. The number of people filing for bankruptcy reflects on the difficulty Americans are having in paying their debt in the current economy.
Is Bankruptcy The Right Decision In My Situation?
More than seven people file for bankruptcy for every 1,000 people in Georgia. Chapter 13 and Chapter 7 bankruptcy is becoming more commonplace for those struggling financially in the State of Georgia. If you are having a difficult time with managing your debts and are thinking about filing for bankruptcy, call your Alpharetta bankruptcy attorney at the law offices of Daniel W. Mitnick for a free confidential consultation.
North Georgia Bankruptcy Attorneys Provide Free Consultation
Bankruptcy is a major often life-changing decision that has a negative effect on your credit report for up to 10 years. If you plan to file Chapter 13 or Chapter 7, contact the Atlanta Metro and North Georgia bankruptcy lawyers that are experienced in the regulations in the State of Georgia. The law offices of Daniel W. Mitnick can assist you not only in your decision, but expertly guide you through the often confusing legal process.
How Does Chapter 13 and Chapter 7 Bankruptcy Differ?
Chapter 13 bankruptcy involves a court assisted repayment schedule for your debts. Your assets are generally not at risk.
Chapter 7 bankruptcy is a legal process where most of your debts are wiped clean. With this type of bankruptcy you may be at risk for losing certain specific assets which your Cummings area bankruptcy attorney will go over in detail with you.
The Cumming and Alpharetta bankruptcy lawyers at Daniel W. Mitnick are ready to assist you through this difficult time. Contact the office for a free bankruptcy consultation on your specific situation and start to rebuild your life and credit.
