Bankruptcy Attorney Augusta GA
The word bankruptcy is terrifying for many homeowners and business owners – but it doesn’t have to be. If you are struggling with your finances and are in danger of foreclosure, wage garnishment or repossession – bankruptcy is a tool in your legal toolbelt that can help you regain your financial freedom and the Law Firm of Seymour and Associates, P.C. is here to help.
Do you need a bankruptcy attorney in Augusta, GA? Seymour and Associates is an accomplished team of attorneys, paralegals and professional individuals who have helped provide financial solutions for Augusta-area clients for more than 30 years.
What Is Bankruptcy and How Does it Work?
Bankruptcy may feel like a scary word – but in reality – it is way to help you, your family or your business get back on your financial feet by discarding debt or creating a plan to repay your debts. Individuals who are in debt, can file for Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. Businesses can file for Chapter 7 Bankruptcy or Chapter 11 Bankruptcy – but what are the differences?
Chapter 7 Bankruptcy – Chapter 7 may be the quickest way to get out of debt for an individual or a business. When you file for Chapter 7 Bankruptcy, you will liquidate your assets to pay the debt. Assets that can be liquidated include luxury items like recreational vehicles, valuable collections, additional property and even your home or car if you are behind on those payments.
Chapter 13 Bankruptcy – Chapter 13 may take more time than Chapter 7 – but you protect your assets. With Chapter 13 Bankruptcy, you will file a three to five year payment plan with the court system, which will give you more time to pay off your debts without sacrificing your home, car or other assets.
Chapter 11 Bankruptcy – Chapter 11 functions in a similar fashion to Chapter 13 – but for businesses. Businesses that file for Chapter 11 Bankruptcy can reorganize the debt with a repayment plan and even take out new loans to help keep the business. The business can continue to run under Chapter 11 Bankruptcy.
How To File for Bankruptcy in Georgia
Do you think that you may need to file for bankruptcy? Do you live in the Augusta area? A bankruptcy attorney in Augusta, GA – like Seymour and Associates – can help. We will walk you through the process step by step, help you determine which bankruptcy chapter best fits your financial situation, help you gather the necessary financial documents, help you file the proper paperwork, attend the creditor’s meeting with and attend any court hearings that may be needed.
We are here to help you on your financial journey every step of the way at the Law Firm of Seymour and Associates, P.C.