Unmanageable Debt Can Happen To Anyone

Unmanageable debt may be the result of debt accruing over several years and numerous circumstances, or it can be a sudden occurrence. High interest rates, scams, prolonged illness and automobile accidents are a few of the reasons debt can become crushing. Many people do not seek help but instead try to manage in quiet desperation while interest rates, penalties and creditor harassment mount. Sometimes people do not seek the help they need because they are ashamed to admit they cannot manage their debt. Other times, the stress of debt leads people to make bad decisions— such as working with corrupt debt consolidation companies — while trying to find a shortcut around their debt payment.

Bankruptcy is a legal means for those who qualify to seek protection under the law from creditors, lawsuits, wage garnishment and other penalties. If the court approves the bankruptcy, a debtor does not need to repay the debts listed in the filing. There are strict limits and complex rules. Not all debts qualify for discharge under a bankruptcy filing, such as back child support payments, certain taxes and student loans.

BANKRUPTCY LAW

How Our Firm’s Bankruptcy Filing Procedures Work

Filing for Chapter 7, Chapter 11 or Chapter 13 bankruptcy is a collaborative process. At the Bill Miller Firm, we offer a free, no-obligation consultation. We will obtain basic information from you to ascertain which chapter best suits your needs. We will then proceed with drafting your bankruptcy petition. Afterward, an attorney will review the petition with you. We will electronically file your Bankruptcy Petition, serve your creditors with notice, and the collection actions, garnishments and foreclosures against you will automatically and immediately stop.

Get Started Today. Call Us To Schedule Your Free Consultation. The sooner you get started, the sooner you can gain control of your financial future. Call (229) 378-1060 today or email us to schedule your no-obligation consultation. Get the legal help you need when you need it.

Miller Law Firm is a federally designated debt relief agency assisting consumers seeking relief under the United States Bankruptcy Code.

Chapter 7

  • Understanding Chapter 7

    A Chapter 7 bankruptcy is a debt liquidation that results in the reduction or elimination of certain debts that are subject to discharge by federal bankruptcy laws.

    To complete a typical Chapter 7 case, you are required to:

    *Complete a Debtor Education class

    *File an accurate and complete Schedule of Assets and Statement of Financial Affairs with the U.S. Bankruptcy Court

    *Surrender any nonexempt assets to a court-appointed bankruptcy trustee

    *Cooperate with the Bankruptcy Trustee by providing honest information and attending a Section 341(a) Meeting of Creditors

    *Complete a second Financial Management course

    *Upon successful completion of these steps, a debtor will receive a “discharge,” which is a court ruling showing that the debtor’s debts have been eliminated.

    Keep in mind that certain debts cannot be discharged — debts like back child support payments, student loans and certain taxes.

Chapter 13

  • When Chapter 13 Bankruptcy May Be The Right Choice

    Chapter 13 bankruptcy is often considered a repayment plan, rather than a way of removing debt. Usually, this happens over 3-5 years and involves the debtor making payments to a third-party trustee, who then administers payments to creditors.

    After the court has approved the repayment plan, creditors must stop attempting their collection efforts. If you’re facing insurmountable debt and looking for a way out, Bill Miller at Miller Law Firm can help. He will listen to the details of your situation and help you discern whether Chapter 13 is the right filing for you.

    The Miller Law Firm can help free you from your debts and build a stronger financial future.

    Why You May Be Eligible

    You may be eligible for Chapter 13 bankruptcy if:

    • Your monthly income is more than the median income for a household of your size in Georgia.

    • Your disposable income after your basic expenses have been paid is greater than certain legally-determined limitations.

    • You can still make payments on your loans, but need an extended amount of time to repay your debt.

    There are a variety of factors that contribute to which bankruptcy filing is right for you. Ultimately, Chapter 13 bankruptcy can help you retain some assets, especially nonexempt property that may be liquidated if you file for Chapter 7 bankruptcy. However, you must still be able to pay for these assets.

    Oftentimes, debt for nonexempt property you intend to keep remain part of your debt and payments you make are distributed by the trustee in charge of your case.

    Speak To Your Legal Advocate Today

    The thought of filing for bankruptcy can be overwhelming and many people don’t know where to start. At the Miller Law Firm, we make time to go through all of your questions with patience and honesty, so you feel prepared from the first step of filing to the last. It’s important to us that you understand you’re not alone. Bill Miller is an experienced, knowledgeable and trustworthy advocate who is passionate about helping people create a brighter future after financial struggle.

    You can call our firm in Cairo, Georgia today at (229) 378-1060 or send us a message online for a free consultation.