Georgia Debt Relief Options
Because of the current economy, many people are having problems with their finances. Some people overextend their credit to make ends meet, others struggle to maintain the lifestyle they are used to after a pay cut. As a result, more people are getting behind on their mortgages and other bills.
At The Bass Law Firm, we help people in Cairo and throughout Southwest Georgia find the debt relief they need to regain financial stability and find a fresh start. Contact us online or call 229-377-2424 to schedule your free initial consultation.
Finding the Best Bankruptcy Option for You
When clients contact us, our attorneys help the client to determine which chapter of bankruptcy is most appropriate for the situation. If there are other viable debt relief alternatives — such as mortgage restructuring or settlement on credit card balances — we will help craft a solution that is most appropriate for you. We represent clients in most bankruptcy and debt relief scenarios, including:
- Chapter 7 bankruptcy: Chapter 7 bankruptcy is the simplest type of bankruptcy. It is designed to help a debtor who has a limited amount of equity in property but has a large amount of unsecured debt. All qualifying unsecured debt can be liquidated during the bankruptcy process, including credit card balances, medical bills, vendor accounts, unsecured notes and signature loans.
- Chapter 13 bankruptcy: Chapter 13 bankruptcy is designed to help people who have a stable income and need help getting out of a high monthly payment. Whether you are behind in your car or mortgage payments, Chapter 13 bankruptcy provides the flexibility you need to develop an individual debt solution. Your debt will be reorganized into an affordable 3-5 year payment plan, and if your payments are made on time, any debt remaining at the end will be discharged.
- Chapter 12 bankruptcy: Chapter 12 bankruptcy is a legislative device designed to help family farmers and family farmer operations. People who own their land and have a significant amount of their assets invested in the land and their farming equipment may qualify for Chapter 12 bankruptcy. This method of debt relief allows a farmer to continue farming while restructuring the farmer's existing debt load.
To learn more about the debt relief options available to you, contact us online or call 229-377-2424 to schedule a free initial consultation with an experienced lawyer.