Bankruptcy can help you gain financial freedom to help you make today the first day of the rest of your life. Imagine waking up to a new day, debt free. Imagine the freedom of no longer living under the debilitating weight of a debt load you simply cannot afford to pay back. Imagine… how the power of bankruptcy can change your life.
Bankruptcy Truth I: Filing for bankruptcy can get you out of debt.
Bankruptcy has the power to eliminate credit card debts, medical debts, and other types of debt. It really can get you out from under the debilitating weight of debt.
Bankruptcy Truth II: Most people do not lose any of their assets when they file for bankruptcy.
The majority of people who file for bankruptcy are able to keep most or all of their personal belongings and other assets. How is this possible? Under federal bankruptcy laws, as well as laws of the state of Georgia, you are allowed to keep property, assets, and other belongings valued up to a certain dollar amount through exemptions.
Property that is protected in bankruptcy is known as “exempt property.” You get to keep the exempt property if its value does not exceed a certain dollar amount. There are exemption amounts for your home, automobile(s), retirement accounts, household goods and furnishings, jewelry, and many other belongings. You can view the list of Georgia exemptions here.
Bankruptcy Truth III: You will not have to justify to a court of law why you need to file for bankruptcy.
Generally speaking, the bankruptcy process is not contentious and it is not a courtroom battle. You have the right to file for bankruptcy. So long as your bankruptcy case is in order, and you are truthful and honest in your bankruptcy petition and with the bankruptcy trustee, then you will not have to defend your right to have your debts erased through bankruptcy.
Bankruptcy Truth IV: Filing for bankruptcy does not mean you’re a failure.
Many good, hard-working people have financial troubles. The most common reasons why people file for bankruptcy are medical debt, job loss or a bout of unemployment, or divorce. These are life events that adversely affect finances.
The truth is that the vast majority of people who file for bankruptcy are honest people who fell on hard financial times that were beyond their control. It is generally not people who are “taking advantage of the system.” Nobody wants to file for bankruptcy. It is a difficult financial decision to make, but it often is the best financial decision to make.
Bankruptcy Truth V: There is life after bankruptcy.
We understand that bankruptcy may feel like a daunting or scary process. Without a doubt, making the choice to clean up your finances and erase debts through bankruptcy can be an emotional decision. But… we assure you, there is life after bankruptcy.
Bankruptcy can have a drastic impact on a person’s life – for the better! We encourage you to read our article My Bankruptcy Case Is Over, Now What? Our intention is to show you the ways in which bankruptcy can give you your life back.
Deciding Bankruptcy Is the Right Choice for You
Here at the Law Office of Barbara B. Braziel we will make sure you understand the benefits of bankruptcy and how filing with affect you and your family. We file hundreds of Chapter 7 and 13 bankruptcy cases every year. But our clients are never just a number. You will not be left in the hands of a paralegal. You will have access to your attorney throughout your bankruptcy case.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.