What should I do before filing for bankruptcy?
You may have found yourself in over your heads with credit card debts, medical debts, or other debts. You may feel that you can no longer keep up with the minimum payments, and that your only true option is bankruptcy.
Once you decide that bankruptcy is the path for you, there are a number of steps you must take. First, you must decide which type of bankruptcy fits your situation. Most people file either a Chapter 7 or a Chapter 13. Chapter 7 allows most of your debts to be cancelled, while a Chapter 13 requires that payments be made on a payment plan. Both a Chapter 7 and a Chapter 13 have specific requirements, as well as limitations.
Before you file, you are required to complete a means test. A means test is a calculation that determines your ability to pay your creditors. It is designed to prevent people with high incomes from filing for Chapter 7 bankruptcy, which discharges debts. It compares your financial status to the average person in your area. If you pass the means test, you can file a Chapter 7, and if you do not, you can only file a Chapter 13. However, the judge can dismiss the case if he or she believes the debtor is filing in bad faith.
Next, bankruptcy law requires that you complete credit counseling before going through with the bankruptcy process. The counseling must be done with an approved credit counseling agency within 180 days before your case is filed. The agency will review the options available to you and will also assist you in reviewing your budget. There are a number of ways to do the counseling, including in person, over the phone, and online. If you do file for bankruptcy, you must have a certificate showing that you received the counseling before your case was filed.
If you do decide to file for bankruptcy, you should be very careful in choosing an agency for the counseling. Many are not legitimate and are simply scams. Even if an agency is an approved one for bankruptcy counseling, there is no guarantee that the agency is any good. You should speak with your attorney about which agency he or she recommends.
The next step you should take before filing for bankruptcy is to gather information. You should make a list of your creditors, and determine whether those debts are secured or unsecured. Secured creditors have liens or mortgages on your property, while unsecured creditors do not. This information will be important to you before and after you file for bankruptcy.
The decision to file for bankruptcy is not an easy one. If you are considering filing for bankruptcy, it’s important that you speak with a bankruptcy attorney first. The bankruptcy laws are complex and ever-changing. If you are in the Atlanta area, call the Atlanta bankruptcy attorneys at Holston & Huntley, LLC. Call us today at 1-888-513-0004 consultations are free and you are under no obligation to use our services. We serve Metro Atlanta Georgia as well as Birmingham Alabama including surrounding areas.
I just wanted to say thank you to the entire company,throughout my entire incident they worked fast and diligently.They always called,texted and or email me to keep me updated.They always showed great gratitude and always kept me informed. Everyone on this team is awesome.I will definitely recommend anyone here for your injury and/or bankruptcy needs.They will make sure you get the respect and the money you need. Thank you and the whole team.
I would highly recommend Holston and Huntley. The staff in the office are very nice. Abena was a big help she is the best!! They are very helpful and get everything done in a timely manner. My experience with the firm was GREAT!
Miss Abena is the best, they are working on my case now ,I just love them always kept it 100000000 and I feel like family
I had an excellent experience with Holston and Huntley. My case/medical expenses were treated with the upmost care and efficiency. I recommend anyone with any type of accident injury to visit Holston and Huntley. Abena Campbell was extremely helpful and made everything convenient and comprehendible about the my case. She was made everything easy as possible. I definitely recommend Ms.Campbell to take of you.
You can count on Buddy and Abena they are awesome. Abena was wonderful, she showed concern for me through my case. Abena walked me through this process like she knew me a long time. I promise you I felt good knowing I was being guided by someone who really cared their staff is awesome. I give them a 10+. Thank you guys, Especially, Abena
My experience with Holston & Huntley attorneys was nothing short of excellent. I worked directly with Abena. She worked hard to get the settlement that I deserved. Continued to stay in contact and keep me updated throughout the long process. Would recommend and work with them again. Thanks Holston & Huntley!
Attorney Huntley and his entire staff was instrumental in getting me everything I deserved. Their patience, kindness, and loyalty to fight for my needs at a critical time proves why they are such a fantastic firm. I would highly recommend them for any of your needs. I personally, will call Mr Huntley if I’m ever in another accident.
I was never anxious despite being in this situation for the first time and all the credit goes to you and your firm because you care and know what you are doing.Thanks.
I don’t usually leave reviews on anything but I thought I needed to share my experience with Holston & Huntley. It was great! Very quick and efficient. Buddy and his staff were awesome. I personally worked with Abena and she was always available to answer any question I had. I highly recommend this firm to anyone who needs a professional lawyer that would fight to get you the best settlement you deserve. I promise you won’t be disappointed!! Thank you, Buddy, Abena and staff for all of your help.
Holston & Huntley entire team was great to work with!!! Thank you so much
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