Ghai Law Firm
Call for a free consultation:
(770) 792-1000
  • ABOUT
    • Testimonials
    • Join Us
  • Practice Areas
    • Personal Injury
      • Pedestrian Accident
      • Car Accidents
        • Speeding Accident
        • Drinking and Driving Accidents
        • Left Hand Turn Accident
        • Rear-End Collision
        • Reckless Driving Accident
        • Uber Accidents
        • Hit-and-Run Accidents
        • Texting and Driving Accident
          • Texting and Driving Under 18
      • Truck Accident
        • Lane Usage Accident
        • Traumatic Brain Injury
      • Product Liability
        • Defective Drugs
        • Defective Medical Device
      • Premises Liability
        • Slip and Fall Accidents
      • Wrongful Death
      • Dog Bite
    • Bankruptcy
      • Debt Relief
      • Credit Card Debt
      • Chapter 13 Bankruptcy
      • Chapter 7 Bankruptcy
      • Foreclosure Bankruptcy
      • Free Legal Case Review
      • Medical Bills Bankruptcy
      • Rebuild Your Credit
      • Wage Garnishments
  • Areas We Serve
    • Kennesaw Personal Injury Lawyer
      • Kennesaw Bankruptcy Lawyer
    • Acworth Personal Injury Lawyer
      • Acworth Bankruptcy Lawyer
    • Marietta Personal Injury Lawyer
      • Marietta Bankruptcy Lawyer
    • Smyrna Personal Injury Lawyer
  • FAQs
  • Blog
  • Videos
  • Contact

Acworth Bankruptcy Lawyer

Home » Areas We Serve » Acworth Bankruptcy Lawyer

Acworth train in town

Photo courtesy: Lindsay Field Penticuff; acworth.com

There are numerous life circumstances that cause people financial crises. Medical bills, divorce, death, and unemployment are all common factors that can cripple an individual’s or a family’s finances. To add to the stress, many people with overdue debts then have to deal with an onslaught of harassing phone calls from collection agencies, overdue or final notice bills in the mail, lawsuits, and wage garnishments.

United States federal law provides an avenue of relief for qualified people, though: bankruptcy. Some people do still attach a stigma to bankruptcy, but for many people, the benefits of filing for bankruptcy overcome any reservations they have.

If you are considering bankruptcy in Acworth, seek legal counsel for help considering your options. To talk to a bankruptcy lawyer in Acworth or the surrounding areas, call Ghai Law Firm at 770-233-7474 and request a free consultation.

Are there benefits of filing for bankruptcy?

First, there are a lot of things to consider before even contemplating bankruptcy. Have you tried creating a budget and sticking to it? Have you considered ways to make additional income to pay off your debts? Have you tried debt counseling and negotiating with your lenders?

Bankruptcy is a last resort. For many people though, it offers the best (and sometimes the only) hope for rising out of debt. Below are a few of the benefits of filing for bankruptcy.

  • Any foreclosures on your home will be put to a halt. Plus, filing for bankruptcy may give you the time you need to catch up on your house payments.
  • Any pending lawsuits against you filed by creditors will be dropped.
  • Wage garnishments for dischargeable debts will cease.
  • You could wind up making more money and living longer. A study published in 2014 by the National Bureau of Economic Research reviewed half a million bankruptcy cases and found that Chapter 13 bankruptcy protection “increases annual earnings by $5,562, decreases five-year mortality by 1.2 percentage points, and decreases five-year foreclosure rates by 19.1 percentage points.”

For a free legal consultation with a bankruptcy lawyer serving Acworth, call (770) 792-1000

What type of bankruptcy should I file for?

You are probably familiar with the terms “Chapter 7” and “Chapter 13,” but you might not be sure what each type of bankruptcy entails and which might be right for you. Here is a general overview.

  • Chapter 7 – With this form of relief, also referred to as a liquidation bankruptcy, you can usually opt to keep certain property (like your house and your car), and request a total discharge of the rest of your debts. The assigned trustee over your case will be tasked with liquidating any of your non-exempt property to pay back your creditors. If you have no property, the creditors get nothing. If your bankruptcy is approved, you will not have to pay back the debts. Note, to qualify for a Chapter 7, your income must be below a certain threshold.
  • Chapter 13 –If your income is too high to file a Chapter 7, you might need to file a Chapter 13 instead. With this type of bankruptcy, also referred to as reorganization bankruptcy, you get to keep all of your property and you are allotted time to catch up on payments. Your debts are basically restructured and in many cases, reduced. In return, you agree to pay back a portion of your debts on a new debt repayment plan.

Each person’s or family’s situation differs. When you speak to a bankruptcy attorney from the Ghai Law Firm about your bankruptcy options, he can explain which might suit you best and how to move forward. He can also help you file for bankruptcy and ensure the rest of the process goes smoothly.

Acworth Bankruptcy Lawyer Near Me (770) 792-1000

Will filing for bankruptcy in Acworth ruin my credit forever?

In a perfect world, everyone would be able to pay back their debts in full and on time. But, as we all know, the world is not perfect and things occur that are out of our control. And despite our best efforts, we can still run into major financial problems.

Nearly one million people filed for bankruptcy in 2014, according to the United States Bankruptcy Courts. The concept of debt forgiveness is nothing new. The first bankruptcy law in the U.S. passed in 1800, but it goes back even further than that. The concept of formal periodic debt forgiveness is an ancient remedy that people have been utilizing for centuries. It dates back to the 7th century BC, when the author of the Book of Deuteronomy penned, “At the end of every seven years you shall grant a remission of debts.”

Yes, bankruptcy will affect your credit, but in time, your credit may actually improve. After your discharge, you can start working to rebuild your credit almost immediately.

Click to contact our Areas We Serve today

What are my first steps when contemplating bankruptcy?

Your first step is to consult with a bankruptcy attorney in Acworth to briefly review your situation and determine if you qualify. At that time, your attorney will advise you of the documents you need to collect and the paperwork you need to fill out. At the meeting, it will be a great time to ask any questions you may have about the bankruptcy process and how you should be handling your finances in the interim.

If you reside in Acworth or the surrounding areas, call a bankruptcy lawyer for a free case evaluation. Our firm helps Georgians through the bankruptcy process. It is a privilege to see the look of happiness and relief on our clients’ faces the day their debts are discharged. Let us see if we can do the same for you. Contact the Ghai Law Firm today at 770-233-7474.

Call or text (770) 792-1000 or complete a Free Case Evaluation form

Bankruptcy Blog Posts:

Bankruptcy Filings Continuing To Rise In 2010

Due to high unemployment and an uncertain economic climate, consumer bankruptcy filings in America have increased in 2010. According to statistics reported by the American Bankruptcy Institute, a

Chapter 7 Bankruptcy and Chapter 13 Bankruptcy Comparison

Good Morning, this is Roger Ghai of www.Chapter7attorneys.com. I wanted to do a little informational video on bankruptcy options. In particular, Chapter 7 bankruptcy options and Chapter 13 bankruptcy

Filing Chapter 7 Bankruptcy – January 2010 Talk Law Radio Show Transcript

Janice: Good afternoon Atlanta and welcome to News & Talk 1380 WAOK. This is Janice Mathis and we’re here this afternoon and every Sat. afternoon at 1pm to talk with one of our lawyers who’s

Difference Between Chapter 13 & Chapter 7 Bankruptcy – March 2010 Talk Law Radio Show Transcript

Janice: Good afternoon Atlanta and welcome to Legal Talk. This is Janice Mathis. This is my favorite hour of the weekend. I learn something new every weekend talking to these brilliant lawyers we have

Acworth Bankruptcy FAQ:

What do I need to know about taxes and bankruptcy
What do I need to know about taxes and bankruptcy

When you owe taxes, you might think that filing bankruptcy is an option. However, as your bankruptcy attorney in Acworth will tell you, discharging taxes in bankruptcy is seldom an option. There some

Do I file for divorce or bankruptcy first?
Do I file for divorce or bankruptcy first?

There are two life events that most of us never want to consider. One of them is divorce and the other is filing bankruptcy. Unfortunately, there are times in our lives when the possibilities of these

What property is protected in a Georgia bankruptcy?
What property is protected in a Georgia bankruptcy?

Any consumer who files for bankruptcy in Georgia should be prepared to discuss with their bankruptcy lawyer in Acworth their personal assets. Many of your assets will be protected in a bankruptcy

What is the “fraud” exception in bankruptcy?
What is the “fraud” exception in bankruptcy?

There are few restrictions as to when someone can file bankruptcy and in only a few special circumstances would there be objections to a discharge. However, one exception is explained in the

Free Case Evaluation

Convenient and Confidential

    Acworth
    Practice Areas

    • Personal Injury

    Additional Locations

    • Kennesaw Bankruptcy Lawyer
    • Marietta Bankruptcy Lawyer

    Frequently Asked Questions

    Bankruptcy FAQ

    Bankruptcy FAQ

    Can Creditors Be Sued For Trying To Collect Debt After You File For Bankruptcy

    Can Creditors Be Sued For Trying To Collect Debt After You File For Bankruptcy

    Can Your Home Be Sold In Bankruptcy If You Don’t File Bankruptcy But Your Spouse Files Bankruptcy?

    Can Your Home Be Sold In Bankruptcy If You Don’t File Bankruptcy But Your Spouse Files Bankruptcy?

    Let Ghai Law Fight For You.

    We’re here to provide help when you need us. Fill out this form below and I’ll reach out to discuss your case.

      Ghai Law Firm
      Call for a free consultation:
      (770) 792-1000

      Office Location

      LAW OFFICES OF ROGER GHAI

      1301 SHILOH RD NW STE 430

      KENNESAW GA   30144

      Mon-Fri: 9AM - 6PM

      Important Links

      • About
      • Practice Areas
      • Areas We Serve
      • Contact

      Practice Areas

      Personal Injury Lawyer Bankruptcy Attorney

      Ghai Law Firm

      Cobb County, Marietta, Kennesaw, Acworth

      "The Attorney"

      Site Map
      © Copyright 2023 Law Offices of Roger Ghai
      • ABOUT
        • Testimonials
        • Join Us
      • Practice Areas
        • Personal Injury
          • Pedestrian Accident
          • Car Accidents
            • Speeding Accident
            • Drinking and Driving Accidents
            • Left Hand Turn Accident
            • Rear-End Collision
            • Reckless Driving Accident
            • Uber Accidents
            • Hit-and-Run Accidents
            • Texting and Driving Accident
              • Texting and Driving Under 18
          • Truck Accident
            • Lane Usage Accident
            • Traumatic Brain Injury
          • Product Liability
            • Defective Drugs
            • Defective Medical Device
          • Premises Liability
            • Slip and Fall Accidents
          • Wrongful Death
          • Dog Bite
        • Bankruptcy
          • Debt Relief
          • Credit Card Debt
          • Chapter 13 Bankruptcy
          • Chapter 7 Bankruptcy
          • Foreclosure Bankruptcy
          • Free Legal Case Review
          • Medical Bills Bankruptcy
          • Rebuild Your Credit
          • Wage Garnishments
      • Areas We Serve
        • Kennesaw Personal Injury Lawyer
          • Kennesaw Bankruptcy Lawyer
        • Acworth Personal Injury Lawyer
          • Acworth Bankruptcy Lawyer
        • Marietta Personal Injury Lawyer
          • Marietta Bankruptcy Lawyer
        • Smyrna Personal Injury Lawyer
      • FAQs
      • Blog
      • Videos
      • Contact