Fayetteville, Georgia is widely known for being a thriving community for both work and play. Fayetteville is perfectly located so you could drive into Atlanta for work and still make it back in time for the Summer Concert Series at the Villages Amphitheater that night. But, unfortunately, no matter how affluent your town is, you may still find yourself having to face a personal filing. In fact, living in a bustling city can make it even more tempting to live above your means and that will usually lead straight to the office of a bankruptcy attorney.
Bankruptcy is not the end, it is a new beginning.
Some people see a bankruptcy as something to be ashamed of but you shouldn’t believe it. Everyone makes mistakes and sometimes you need a little help to get out of it. A Chapter 13 filing or a Chapter 7 filing, depending on your needs, can be the perfect way to get a fresh start.
What is the difference between a Chapter 13 and a Chapter 7 filing?
To get all the details you will need to consult with an experienced bankruptcy attorney. But, to put it simply:
• A Chapter 13 filing is sometimes called a “reorganization” bankruptcy because it lets you set up a payment plan that will allow you to pay all of your debts over a specified length of time, usually 3-5 years.
• A Chapter 7 filing is called a “fresh start” or “clean slate” bankruptcy because it completely erases debts. It is the most common form of personal bankruptcy in Georgia.
Never try to file for bankruptcy in Fayetteville, Georgia without a bankruptcy attorney.
Regardless of where you live, it is a mistake to try and take on a bankruptcy alone. Bankruptcy is a stressful, complicated process and it is easy to make a mistake without expert counsel. Our trustworthy Fayetteville bankruptcy attorney will offer a free consultation to go over your case so you should at least consult one before proceeding.