Filing for bankruptcy is considered to be a legal solution which you may make use of in case you want to eliminate or reduce debt and also be in a position to control the actions that different creditors may take against you. It is also a way in which you can be able to have a kind of fresh financial start. When it comes to bankruptcy help, there are several chapters that you can be able to file for. However, it is advisable that you seek the help of an attorney or a lawyer who will be able to advise you on the right course of action to take or on which chapter is going to suit your case best.
This is the kind of protection that is normally done against foreclosure, creditors or repossessions. All the different types of chapters in regards to Atlanta bankruptcy can be able to stop the collection efforts of creditors which may include collection letters, the garnishment of wages, creditor lawsuits, harassing phone calls and home foreclosures which may be very stressful.
Chapter 7 bankruptcy help
This is the type of bankruptcy that is designed mostly for debtors who may be experiencing a kind of financial difficulty. This financial difficulty may be causing them to be unable to pay any ex payments results listing debts that they may have. It can be used in those cases whereby the debt majority is considered to be unsecured. Debtors can be in a position to protect some of their assets up to a certain kind of amount which is going to be predetermined. This kind of bankruptcy is also considered to be one of the most common types of personal bankruptcy that one may take.
Chapter 11 bankruptcy help
This is the kind of bankruptcy that can be filed by individuals or companies. It is the type that can be done under the chapter 13 kind of bankruptcy. The main goal of this type is to eliminate or rather reduce unwanted or unsecured debts while still been able to restructure the debts that are going to be needed for that kind of continued operation.
Chapter 13 bankruptcy help
This is the type of filing bankruptcy where by there is a total reorganization of the various debts that an individual has with their regular income, it is normally designed for those debtors who are behind on their secured debts like car loans and home mortgages. The main goal of this kind of bankruptcy is to ensure that an individual is able to resume the monthly payments that he or she was paying regularly and also be able to pay the remaining areas over a given amount of time.