Richmond County Bankruptcy Attorneys
Did you know the U.S. has a court system designed specifically for individuals who can no longer afford their debt? At Seymour and Associates, our Richmond County bankruptcy lawyers have been guiding clients through this court system for over three decades. For hundreds of thousands of people every year, bankruptcy is a welcome relief from crushing debt—and it may provide that relief for you, too.
What Is Bankruptcy?
When you declare bankruptcy, your lawyer sends a petition to the Bankruptcy Court that essentially says you are unable to repay your debt and need relief. Once your petition is filed, the court will issue an order called the automatic stay, which halts all collection activities (e.g. calls, letters, lawsuits, foreclosure, wage garnishment, and more). This protection lasts for the length of your bankruptcy case. Once your case is over and you receive a discharge of your debts, your protection continues and the creditors will not be able to try to collect from you again.
At Seymour and Associates, we can help you file:
- Chapter 7 bankruptcy. This is the fastest and simplest form of bankruptcy, generally taking 6-8 months. We can assess your financial situation to determine whether you may qualify, and we also know how to protect your assets from the liquidation process.
- Chapter 13 bankruptcy. When you file Chapter 13, you will make monthly payments for 3-5 years to the bankruptcy trustee. Your payment amount will correspond with your disposable income.
At the end of your case, you can receive a discharge of your debts (i.e. an elimination of qualifying debts) and a fresh financial start.
Student Loan Debt
The amount of student loan debt accumulated by Americans today is unprecedented. It is arguably one of the central financial crises of our time. Because so many are struggling with unmanageable student loans, you may believe there is no way out—but our team at Seymour and Associates is here to tell you this simply isn’t the case.
Bankruptcy is not necessarily the best way to handle student loan debt, which is why our attorneys have an assortment of other strategies we use to help our clients. Let’s assess your options today.
Don’t Wait to Pursue Relief
Your future does not have to be a life filled with overwhelming debt. With help from our seasoned attorneys, you can begin your path toward financial security and freedom from relentless debt collectors. The U.S. Bankruptcy Code exists to provide honest debtors with a fresh start—and it is our job to help you achieve that new beginning.