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Experienced and Compassionate. Our firm is proud to specialize in Bankruptcy and other forms of debt relief. We provide hope to those who feel hopeless. We're happy to let you know what options are available when you're struggling to pay your bills.
12 W. State Street - Savannah, GA 31401
Morgan & Morgan has helped thousands of residents of Northeast Georgia. If you are looking for Debt Relief, applying for Social Security Disability, or have suffered a work-related injury, Morgan & Morgan has the right attorney for your case.
1090 C Founders Boulevard - Athens, GA 30606
We have over 25 years experience helping Georgia residents eliminate debt and start fresh. Stop foreclosure, wage garnishment, lawsuits, and harassing collection calls by contacting our office at (800) 414-3328 for your free consultation.
340 Jesse Jewel Parkay SE - Gainesville, GA 30501
We have specialized in representing debtors in consumer bankruptcy cases in the Northern District of Georgia for over 30 years. We offer free consultations, evening and weekend appointments, and convenient, free parking.
715 Queen City Parkway, Suite 102 - Gainesville, GA 30501
Seeking Bankruptcy in Georgia
Georgia’s State Budget in Shambles
The recession continues to wreak havoc on Georgia’s budget as tax collections and other state revenue sources plunge. As the state goes, so goes the populace. U. S. bankruptcies filed in 2008 hit record levels with over 61,000 in Georgia alone, and over 96% of those filed by consumers. It is estimated that 1.4 million consumer bankruptcies will be filed in the U.S. in 2009, the surge triggered by the foreclosure crisis and economic downturn.
The Federal Bankruptcy Law involves processes, procedures and evaluations which can be complex and confusing, including major revisions made in 2005. Seek the advice of a Georgia law firm with specific long-term experience in Georgia bankruptcy matters. Check references, if possible. A competent Georgia attorney will help you weigh your different options, make informed decisions, help you protect the security of your family and reduce your stress, while facing the realities of the situation.
Chapter 7 is the “fresh start” chapter of the Bankruptcy Code and most commonly used. This filing results in a fair distribution of your available nonexempt property to creditors. Unsecured debts are generally discharged. Included in this process is a “means test”, used to determine your ability to pay your creditors, verifying whether Chapter 7 is appropriate or indicating that you should be filing Chapter 13.
Debts Which Generally Cannot be Discharged in Your Georgia Bankruptcy:
Paying Debts Outside of Your Georgia Bankruptcy
Certain debt payments may be considered preferential and the Georgia Bankruptcy Trustee carries “avoidance power” to overturn certain transfers or obligations made by the debtor prior to or during bankruptcy. Examples include:
Georgians continue to suffer, as the State’s economy struggles to recover. If you are considering filing for bankruptcy in Georgia, decisions you make and actions you take now can have a positive or negative effect on the outcome of your bankruptcy proceedings. Although some filers elect to handle their bankruptcy on their own, The U.S. Bankruptcy Court cautions that “Bankruptcy has long-term financial and legal consequences -- hiring a competent attorney is strongly recommended.” Click here to find Georgia attorney resources in your area.