BankruptcyWe are a bilingual firm passionate about helping our clients.
Bankruptcy Lawyer in Cumming, GA
Providing Bankruptcy Solutions Throughout North Georgia and the Greater Atlanta Area
The goal of the federal bankruptcy laws enacted by Congress is to give debtors a financial "fresh start" from burdensome debts. The Supreme Court made this point about the purpose of the bankruptcy law in a 1934 decision: “It gives to the honest but unfortunate debtor…a new opportunity in life and a clear field for future effort, unhampered by the pressure and discouragement of preexisting debt.”
This goal is accomplished through the bankruptcy discharge, which releases you from personal liability for specific debts and prohibits creditors from ever taking any action against you to collect those debts. It may be time to file for bankruptcy if your financial situation has become a major burden to you and your family. With bankruptcy, it may be possible to negotiate your debt to a much lower amount and with a far easier monthly payment.
If you have found yourself in a situation where a potential exists for a complete loss of everything that you own, that your wages or bank accounts are being garnished, or you are facing foreclosure or vehicle repossession, filing for bankruptcy may be the solution.
However, time is of the essence, as prolonging your debt repayments may result in the forfeiting of assets that you have worked your entire life to achieve. By contacting The McCormick Firm, P.C., you may have the opportunity to save those assets and begin living life like you used to before debt became a nightmare. You are entitled to a fresh start, debt free.
Our firm handles all issues related to debt relief and bankruptcy including:
- Chapter 7 filings, the most common form of bankruptcy achieved through liquidation.
- Chapter 13 filings, a repayment plan based on a reorganization of personal debts.
- Vehicle repossession. You may be able to save your car through bankruptcy.
- Wage garnishment. You can stop the loss of your wages with bankruptcy.
- Credit card debt. This is the biggest type of consumer debt that can be reduced or eliminated through bankruptcy.
- Foreclosure defense. Save your home through a Chapter 13 repayment plan.
- Creditor harassment. Get relief from abusive behavior by debt collectors.
Debt relief law is very complicated and can be overwhelming to understand. It is subject to detailed paperwork, deadlines, and court hearings. That is why having a trusted Cumming bankruptcy lawyer in your corner is essential to achieving relief from your debt.
At the McCormick Firm P.C., we are a bilingual law office passionate about helping our clients. Our team looks forward to giving you the assistance you need to put your debt problems behind you, whether they stem from credit card debt, a failed business, personal loan situation, or other scenario.
Contact us today to schedule a consultation to learn more about which chapter of bankruptcy is best suited for your needs so that you can begin paving the path back to a debt-free life once again.
Why Hire the McCormick Firm P.C.?
Our seasoned team will always protect your rights while using our large pool of resources and experience to help save your assets. Often mortgage companies and banks will try to violate your rights in an effort to take all that they can from you, which is why you need an aggressive bankruptcy law firm that has years of experience in dealing with the complexities of debtor and creditor law.
You will have peace of mind knowing that we are on your side throughout the debt relief or bankruptcy process. The McCormick Law Firm always takes the time to explain to new clients how bankruptcy works, and will always advise you on the best course of action to take based on your situation. We will dispel any myths that you may have about filing for Chapter 7 or Chapter 13 bankruptcy, and present you with facts and information that will help you decide on the best course of action to take.
What Happens to My Credit?Bankruptcy can damage your credit and subsequently your credit score. We all know that credit scores play a large part in our lives and have for some time, as they help determine how much we pay for our cars, houses and more. However, if your score has already been damaged, bankruptcy can be a great first step to rebuilding your credit.
How Will I Pay My Bills Going Forward?
The key to paying your bills in addition to getting the most out of your bankruptcy case is to form a stringent budget that you can follow reasonably. If you have filed for Chapter 13 bankruptcy, you need to have a budget to make sure that you are taking care of all of your required payments. If you file for Chapter 7 you will have your debts discharged, but only those debts that you had before the petition for Chapter 7 was filed. You will need a budget if you file for Chapter 7 to make sure that you won’t have to file again in the future. You should be able to consult with your Cumming Georgia bankruptcy attorney on this matter.
Will I Lose My Job if I File for Bankruptcy?
Filing for bankruptcy is information that the public can view. However, this information is not published in any newspapers or distributed at any stores. The only people that will know that you filed for bankruptcy is the trustee in your case, your creditors, and the people that you choose to tell. If your employer finds out about your case, it should not adversely affect your position or job. This may not be true if you work within the financial industry.