Debt scares most people, and for good reason. People feel that having financial difficulties reflects on them in a negative way, therefore, they hide from their bills rather than face the problem. Whether you’ve hit a rough patch financially due to medical debts or you need to consolidate student loan debt, you can’t fix your finances unless you face them. Morgan and Morgan Attorneys at Law P.C. offer debt relief services to the Athens and North East Georgia community. The types of debt relief you get through bankruptcy can come in many forms. Some forms include:
Credit Card Debt
The average U.S. household owes $15,762 in credit card debt. You are not alone if you too are dealing with credit card debt that you are unable to pay back. Debt relief can come in the form of bankruptcy.
Child support debt is unlike other forms of debt people incur because of the stress it puts between the child and the parent. Oftentimes the parent cannot see the child when payments are outstanding. Bankruptcy will not relieve you of child support arrearages, but it can help. Chapter 13 can give you time to create a payment plan.
If you find yourself struggling to make payments on a title loan, Morgan & Morgan urges you to first, contact the lender. Lenders are sometimes willing to renegotiate the loan terms. If this does not work, bankruptcy may be the best option.
Losing a home due to foreclosure is devastating. You may be able to stop the foreclosure through Chapter 13 bankruptcy. Filing bankruptcy will not wipe out your payments altogether, but with it, you can create a plan to pay back your mortgage.
Once a garnishment is ordered by the courts, your employer is bound by the order. Meaning that the payroll department must withhold a portion of your earnings. You can stop wage garnishment through Chapter 13 or Chapter 7 bankruptcy.
An attorney can help you if the IRS is demanding payment from you. These payments can come in many forms, and while we recommend always following IRS instruction, there are some cases where nothing can be done. Bankruptcy can help in tax relief situations.
In most cases, you can get relief from a payday loan from Chapter 7 or Chapter 13 bankruptcy. If you owe money to a payday lender, that debt is treated like any other unsecured creditor. However, some special issues may arise, therefore, you should contact an attorney.
Working with an attorney can help you keep your car and avoid repossession. If you are unable to make your payments, you can file Chapter 7 or Chapter 13 bankruptcy.
What Happens When Debt Can No Longer Be Managed?
If you’re in a position where your debt can no longer be managed, realize that you’re not alone. There are a number of options available, including bankruptcy. This legal option can help you clear away old debt and start over fresh. This allows you to keep current on your living expenses and responsibilities to rebuild.
If you’ve been struggling with your finances, call an expert to help you start over. Contact Morgan & Morgan debt relief attorneys today. Our experienced debt attorneys have serviced clients from counties throughout Georgia including: Clarke, Oconee, Morgan, Walton, Jackson, Hall, Barrow, Madison, Oglethorpe, Elbert, Hart, Franklin, Banks, Habersham, Greene and Stephens.