Put an end to threats of suits and judgements
When you owe people money and can’t pay them, it stands to reason that at least some of them will decide to take legal action against you to recover the debt. If you owe a lot of money, and there isn’t any way to pay what you owe, bankruptcy can be a perfect way of stopping these lawsuits.Depending on the type of bankruptcy you opt for, you might even succeed in eliminating certain debts completely. Here is some advice based on the many years I have spent as a bankruptcy attorney.
The Georgia Lawsuits Bankruptcy Can Stop
Bankruptcy can stop just about any lawsuits from overdue credit cards and medical bills to utility and loan debts. But you will need to file for either a Chapter 7 or Chapter 13 bankruptcy before a bankruptcy attorney can stop any judgments that are already in the system.
So, perhaps it’s more useful to specify which debts are not dischargeable:
- Debts that relate to spousal or child support.
- All student loans – there are absolutely no exceptions.
- Awards made for death or injury caused by driving under the influence (DUI.)
- Indebtedness to government entities including fines, courts costs, restitution in criminal cases, and taxes (excluding income tax.)
How Bankruptcy Can Stop Lawsuits in Georgia
When a creditor takes legal action that results in a judgment against you, it may be possible to stop the creditor’s capability to collect. But it’s important to realize that the judgment will create a lien on your property. So, if you sell your home, creditors that have a lien on the property will get paid from the proceeds of the sale.
While it is possible to file a motion in court that will avoid a lien when you file for bankruptcy, this isn’t always successful. Also, it doesn’t happen automatically when you file for bankruptcy.
Some debts are dischargeable while others aren’t. But even if the debt is dischargeable, creditors often object to discharge. Even if they don’t object and the lawsuit is discharged, a lien might remain in place.
If you are threatened with a lawsuit, you need the help of a professional. The skilled bankruptcy attorneys at the Law Offices of Stanley J. Kakol can help stop judgments against you before they are finalized. But to be fully effective, you will need to file for bankruptcy. The main question is whether a Chapter 7 or a Chapter 13 is the best route for you to take.
When you call us, one of the Kakol Bankruptcy attorneys who work with me will assess your position and help decide which Chapter is best. This will depend on the lawsuit or lawsuits you are facing as well as your personal financial position.
Kakol Bankruptcy Can Help Stop Lawsuits Against You
There is no doubt that bankruptcy offers a powerful tool that can be used to fix financial problems. If you live in Georgia, your first step will be to call Kakol Bankruptcy and make an appointment for a free consultation with a top bankruptcy attorney.The attorney will consider your options and advise you on how to get back on track as quickly as possible. Make the call as soon as possible to avoid unnecessary stress. And remember that my firm, the Law Offices of Stanley J. Kakol, does things differently. If you can’t afford to put money down, this won’t impact your ability to file bankruptcy. We care about our clients!