The 5 Essentials to Provide Your Georgia Bankruptcy Lawyer

When choosing a bankruptcy lawyer you want to find a person that is experienced with your situation. You want him to be a lawyer that has worked with others in your community and who understands your individual financial situation and has worked with others that have a similar financial situation in the past.

Once you have selected a bankruptcy lawyer there are several factors to consider. For example, are you better qualified for Chapter 7 or Chapter 13? Do you know the difference between Chapter 7 (straight bankruptcy) and a Chapter 13 (repayment plan)? If not, this blog and this website offers a large amount of information on each topic.

Something to consider is how can you help your bankruptcy lawyer provide you with the best service possible. Below are five essential pieces of financial information that you should provide to your lawyer. With this information he will be able to better advise you of what type of financial options are available and will help you determine in what ways you can benefit the most from the U.S. bankruptcy code and Georgia bankruptcy code.

  1. List of Creditors
  2. Past Payroll Stubs (ideal is the last 6 months)
  3. Bank Statements (ideal is the last 3 months for checking, savings, and so on)
  4. Tax returns (ideal is the last 2 years)
  5. Estimated monthly budget (your income and all expenses, including house, cars, credit cards, medical bills and so on)

List of Creditors: This information is going to be critical to your bankruptcy lawyer. When completing this list you will want to include:

  • Creditor Name
  • Amount Owed
  • Account Number
  • Creditor Address

Having this information is not necessarily going to be a quick process. It is a process that needs to occur to get the right information to your bankruptcy lawyer. With this information he is better able to help develop a bankruptcy solution that works best for your situation. If you have questions about how to get this data or why it is needed, don’t hesitate to ask. Your lawyer and his team will be able to answer your questions. Who knows, often when a question is asked, another piece of a person’s finances is uncovered. If you have a question for Berry & Associates, give us a call!

Filed under: Bankruptcy News — Tags: , , , , , — admin @ 8:36 am

Create Your Own Financial Recovery

A Georgia bankruptcy attorney might not be the first person you would turn to when seeking financial guidance, but consider the latest data. Georgia’s unemployment rate reached 10.1% in June, a record high.

With more unemployed workers than jobs available, a serious and often cyclical problem is created. A job loss means the consumer has significantly less disposable income to spend. As a result industries across the state such as retail and hospitality see less revenue from consumers. These businesses are forced to make their own budget cuts, often leading to more unemployed citizens.

This domino effect can be stopped, but it will take the effort of each household to reverse the trend. How can you help reverse the trend and turn Georgia’s economy around? Look for solutions to help you pay off your debt, while not spending beyond your income.

Consider filing for bankruptcy as an effective method to reorganize your finances. A local attorney with expertise in Georgia bankruptcy rules can determine if you are eligible. If you own a home and are facing foreclosure as a result of your job loss, Chapter 13 Bankruptcy can delay a foreclosure for the period that you are in bankruptcy. Through the bankruptcy process, you can create a payment plan which helps you pay previous mortgage payments while still allotting money for your basic living expenses.

An attorney with expertise in Georgia bankruptcy law will make you aware of the options you have, based on your unique situation. Georgia adds additional laws beyond federal mandates for filing bankruptcy, so your ability to return to financial success needs to be in the hands of an attorney familiar with the Georgia bankruptcy code.

We expect corporations to have a plan for becoming financially solid, but we should also equip ourselves with the information necessary to make the right personal financial decisions. Create your own financial recovery by partnering with a trusted Georgia bankruptcy attorney.

Filed under: Bankruptcy News — Tags: , , , — Lance @ 11:12 pm


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