A lot of people do not understand the depths of bankruptcy, we believe it should be a completely transparent process that our clients understand. At its most basic level, bankruptcy is a means for honest, hardworking people to obtain relief from overwhelming debt. Some types of bankruptcy erase most debt altogether, while other types allow people and businesses to restructure their debt so they can make payments to their creditors while still making ends meet.
Bankruptcy is mainly governed by federal law; however, state consumer and commercial laws do carry some influence.
At one time, bankruptcy carried a heavy stigma. Today, however, it is viewed as a means of obtaining a fresh financial start. Since bankruptcy is often the result of severe distress, such as divorce, death of a family member, illness, disability, or business failure, lenders often look at consumers who have filed for bankruptcy with a more sympathetic eye.
If you are buried under debt and don’t see a way out, call the Georgia bankruptcy attorneys at Kelley, Lovett & Sanders. Our attorneys help many clients by providing knowledgeable, compassionate and confidential guidance through these complicated and emotionally stressful situations.