Chapter 11, Chapter 7, and Chapter 13 in Atlanta

You are at the end of your rope and are really very tired of struggling just to survive every month. It doesn't matter if your financial problems which have found you getting behind on bills are due to a medical problem, job lay off or downsizing, or due to some other unforeseeable issue. An Atlanta, Georgia bankruptcy may be what is necessary. However determining which bankruptcy chapter to pursue is a bit of a challenge if you don't know much about how the system works. Any financial expert would recommend consulting a bankruptcy attorney in the Atlanta, Georgia area for advice, but you can do a bit of studying up on the topic as well. Here is a brief look at two of the most common types of Georgia bankruptcy options.

• Chapter 13
• Chapter 7

With a Chapter 13 bankruptcy, you are allowed to keep your assets like your home and are put on a plan to repay the money owed. Harassing phone calls stop, foreclosures stop, and wage garnishments stop. Many people use this form of Georgia bankruptcy to limit the damage to their credit and continue to build their financial future. The appointed trustee of the court is responsible for submitting your payments to the appropriate creditors. This is the type of bankruptcy that stops foreclosures and gives a person time to catch up on mortgage payments.

Chapter 7 bankruptcy is another popular bankruptcy option. This Atlanta option is an elimination of debts. That means that the debtor is free and clear of most pre-existing debts. The debtor gets a "fresh start." Chapter 13 and Chapter 7 bankruptcy options each have their advantages and they should be taken advantage of if the situation warrants such a drastic solution. Of course, only an experienced Atlanta bankruptcy attorney is qualified to give you such advice, so if you are having financial trouble, you should seek the advice of an experienced Atlanta bankruptcy attorney.