Brunswick : (912) 554-3774
Hazlehurst : (912) 375-5620
Jesup : (912) 554-3756

Georgia Bankruptcy FAQs

If the thought of filing for bankruptcy in Georgia has crossed your mind, but you aren’t sure it’s the right option for you, chances are you have quite a few questions. Before committing to bankruptcy, it’s important to have an expert assess your circumstances and help you determine the best way to proceed.

It also helps to know a few general things about bankruptcy before contacting someone. This helps to put you at ease and allows you to determine if bankruptcy could be an option for you.

What are the most common questions people ask about bankruptcy before they file?

How Bad Do Financial Problems Need to be before Bankruptcy is an Option?

It depends on the individual as to how much debt is too much. It can also depend on what type of debt that is. Financial experts recommend looking at your debt to income ratio because it can provide a clearer indication of how tight money is at any given time.

Does Bankruptcy Mean I Need to Give Up My Home or Vehicle?

Not necessarily. And in some cases, protecting a home or other personal property is the reason someone chooses bankruptcy. It all depends on the type of bankruptcy you choose and how it affects what property you get to keep and what debts are eliminated. For many, bankruptcy is the key to avoiding foreclosure.

To learn more about the various types of bankruptcy here.

I Have Student Loan Debt (or Tax Debt or I Owe Child Support) Can Bankruptcy Still Help?

Bankruptcy does not eliminate every financial burden. Many debts, including child support, alimony, some taxes, student loans, and loans you obtained through fraud cannot be discharged. However, bankruptcy could still be helpful if you have these types of debt because it can eliminate other debt, freeing up money to put toward non-dischargeable debts.

Will My Credit Be Ruined if I File?

Bankruptcy affects your credit, which is why so many people put off filing as long as possible. Unfortunately, the financial problems you currently face are likely damaging your credit a great deal. The longer you take to get control of your situation the more your credit suffers. Bankruptcy is a way to resolve financial issues and it puts a stop to the ongoing problems.                    

How Can Filing for Bankruptcy Help Me?

Filing for bankruptcy offers many positive outcomes for someone facing financial problems. It puts an end to creditor harassment and stops foreclosure proceedings, at least temporarily. It helps you restructure debt and pay money you owe without the current stress you face. Filing can restore or prevent termination of household utilities. It can also stop or prevent wage garnishment, saving you a great deal of embarrassment on-the-job. For many, bankruptcy is the tool that enables them to get back on their feet and create a fresh financial start.

Do you think bankruptcy might be right for you? I can help. Contact R. Flay Cabiness, II, P.C. at (912) 554-3774 (Brunswick, GA); (912) 375-5620 (Hazlehurst, GA) or; (912)-554-3756 (Jesup, GA) to schedule a consultation or to discuss the details of your situation.

 

Contact Us

Brunswick, Georgia
2225 Gloucester St.
Brunswick, GA 31520
Tel: (912) 554-3774 | Fax: (912) 262-0285
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Hazlehurst, Georgia
22 Hinson St.
Hazlehurst, GA 31539 
Tel: (912) 375-5620 | Fax: (912) 375-2681
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Jesup, Georgia
198 S. Macon St.
Jesup, GA  31545
Tel: (912) 554-3756 | 888.280.1437
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