Georgia residents aren't known to deal well with their debt. You may not know that, by the end of 2020, Georgia was ranked seventh in the nation for total credit card debt owed by its residents. In addition, Georgia was ranked fifth for the student loan debt, and third in the entire country for the average amount owed toward auto loan debt.
If you find yourself sinking deeper and deeper into debt, you're not alone. Many honest, responsible people in Atlanta are enduring financial hardships in today's economy. Struggling to pay bills is difficult for everyone, but it can be excruciating for people who have worked hard their entire lives to support themselves and their families.
Even if you stopped acquiring new debts today, paying off your existing balances could take years (or even decades!) due to the excessive interest rates creditors charge. If you want to get rid of your overwhelming debts once-and-for-all, you'll have to look for other solutions to the problem.
DebtStoppers can provide you with quick and legal solutions through a Georgia bankruptcy plan. As thousands of our clients have experienced, we can help you get out from under your debt and stand on your own two feet again. Call or text us today at 678-673-2142 to schedule a free one-on-one consultation with one of our experienced Georgia debt solutions lawyers.
When it comes to filing for bankruptcy in Georgia, you have two options: Chapter 7 or Chapter 13.
Chapter 7 allows struggling families to quickly wipe out most of their consumer debts and move on with their lives. While the law allows a court-appointed trustee to sell your property to reimburse creditors, this rarely occurs with our Georgia clients.
Your other choice is Chapter 13, which enables you to lower your debts and restructure them in a 3-to-5 year payment plan. While you will still have to pay on your debts, you'll only have to make one monthly payment (that you can genuinely afford!) to a bankruptcy trustee.
Since Chapter 7 is quicker and wipes out your debts, it is the bankruptcy of choice for many Georgia families. However, if your household income is too high to qualify for Chapter 7, or if you have valuable property such as a house or car to protect, a Chapter 13 repayment plan may be the better option.
If you're wondering which of the two bankruptcy solutions is right for your family, contact DebtStoppers today to schedule a no-cost financial evaluation with one of our talented Georgia attorneys. We can help you choose which route will benefit your family the most.
Another one of the exceptional solutions offered by bankruptcy is the protection it provides against collectors. The moment your case is filed, the court will order your creditors and bill collectors to STOP ALL COLLECTIONS EFFORTS. This includes:
When creditors decide to flout the law and continue to hassle our clients, we bring them to court at our own expense and make them pay for their infringements. DebtStoppers is always looking for ways we can find solutions for the clients we serve.
If crushing debt is a problem for you and your family, DebtStoppers solutions can eliminate your troubles. Call or text DebtStoppers today at 678-673-2142 to request your free consultation with one of our skilled Georgia attorneys.
You don't have to waste another second suffering under the staggering weight of your debts. Call or text DebtStoppers to find relief.
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