As a college town, Athens exudes youthful exuberance and hope for tomorrow. But if you’re mired in debt you can’t possibly repay, it’s hard to be optimistic about the future. That’s when it’s time to call Jeff Field & Associates for a free bankruptcy consultation. Our law firm is dedicated to helping residents of Athens shed crushing debt. If you’re worried about home foreclosure or repossession of your car, we are ready to help. We provide personal and responsive legal services at our Athens office, and stay by your side throughout the legal process.
Athens, the Classic City, is home to the University of Georgia Bulldogs and just over 115,000 residents. Folks here love the town’s traditions, and also see Athens driving the future with innovative technology companies such as Docebo, Roundsphere, and Cogent Education fueling the local economy. But no matter where you are, it’s hard to be positive if you’re being crushed by debt and harassed by relentless collection agencies.
If this is your reality, it’s time to visit Jeff Field & Associates. Our bankruptcy attorneys have more than 70 years of combined experience. Jeff Field is AV® Preeminent™ Peer Review Rated by Martindale-Hubbell® for his high ethical standards and professional ability, and has received the Gold Client Champion Award for 2017, in recognition of his highly personal and responsive service. When you come to us for advice, we perform a thorough evaluation of your financial situation and give you sound advice on whether Chapter 7 bankruptcy or Chapter 13 bankruptcy is the right choice for you.
Chapter 7 is known as clean slate bankruptcy, because the court quickly discharges all eligible debt. As soon as you file, the court issues an automatic stay, prohibiting creditors from contacting you about your debts. Although the title to Chapter 7 is liquidation, selling some of your assets to partially repay your debts is very rare because the law allows you exemptions for clothing, home furnishings, jewelry, a vehicle, and other items, so most everyone is able to keep their possessions. Chapter 7 is not for everyone. You probably will not qualify if you earn far more than the state median income and you might be better off filing Chapter 13 if most of your debt is secured. But, when appropriate, Chapter 7 is a quick and effective way to eliminate eligible debt such as credit card balances, medical bills, and utility bills.
Chapter 13 is generally appropriate for folks who earn far more than the state’s median income for a household their size and who have secured debt such as a home mortgage. Chapter 13 does not provide a quick discharge; the court requires a payment plan, which we help you create, based on your monthly disposable income. Under the plan, you make one monthly payment, usually less than what you are currently paying. The money goes to a bankruptcy trustee who distributes funds to your creditors. You must continue with your plan for three to five years, after which, the bankruptcy judge discharges your remaining eligible debt. Chapter 13 is a slower road to debt relief, but if you want to stop a home foreclosure or repossession of a car, it is usually the best strategy.
If you are being crushed by debt, let Jeff Field & Associates help you get out from under. To schedule a free consultation, call us today at 404-381-1278 or contact us online. Our Athens office is located at 2500 West Broad Street, about a mile west of the Colonial Promenade Beechwood and next door to the Howard Johnson Inn.
Jeff Field & Associates
2500 W Broad St #602
Athens, GA 30606
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