Compassionate Bankruptcy Attorney in Valdosta, GA

Bankruptcy Basics

It’s important to have a thorough discussion of all your assets with your bankruptcy attorney so they can advise you as to which assets are protected and which assets are likely to be sold. This type of relief is best in situations where an individual has few assets, low income, and the majority of their debts are unsecured, such as credit cards, medical bills, and monies owed after a repossession or foreclosure.

Without having to liquidate your assets, a plan is proposed to pay a portion of your debts out of future income, with you and your assets being protected from creditors while making payments to a trustee. Such payments will be on more favorable terms, such as possible lower interest rates and reduced payments. This type of relief is available to individuals with a regular source of income; it can help them save money and focus their income on more important assets, like their house or car.

Bankruptcy can provide immediate debt relief by stopping creditor harassment, collections calls, garnishments and lawsuits, repossessions, and foreclosures. It can also help wipe out judgments and credit card, medical, and repossession debts. Charles Farrell Law is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. We primarily serve the following counties in Georgia: Lowndes, Ben Hill, Berrien, Brooks, Clinch, Colquitt, Cook, Echols, Irwin, Lanier, Thomas, Tift, Dougherty, Lee, and Worth.