Compassionate Bankruptcy Attorney in Albany, Georgia
If you are being consumed by debt, do not let another day of worry and anxiety pass by before getting the assistance you need to make a fresh start by pursuing your bankruptcy options with Albany bankruptcy attorneys at The Law Office of Robert J. Pinnero, P.C. in Albany, Georgia.
For 25 years, our compassionate and skilled Albany bankruptcy attorney has alleviated the financial fears that are wearing on our clients by providing the proper legal approach to pursuing Chapter 7 or Chapter 13 bankruptcy. No matter the reasons you have fallen behind, it is important to understand that our Dougherty County Albany bankruptcy attorney can provide the solutions you need to regain your financial confidence.
Why Do People File For Bankruptcy In Albany, Georgia?
Making the decision to file for bankruptcy in Albany, Georgia is not an easy one. There are multiple misconceptions regarding bankruptcy, what assets it protects, and who is eligible for filing, and they often cause confusion or delays in seeking help. At the Law Office of Robert J. Pinnero, P.C., our Albany bankruptcy lawyers work hard to provide our clients with confident solutions to their financial trouble, so they are informed by only facts, not conjecture, regarding the important decision to file bankruptcy.
The most common reasons people file for bankruptcy can include:
- Job loss or prolonged unemployment
- Medical expenses from illness or injury
- Unexpected natural disasters
- Avoiding foreclosure
- Uncontrolled spending
Each Albany bankruptcy case is unique. Your reasons for filing for bankruptcy may be one large reason, including illnesses like cancer that create insurmountable medical debt, or can be a combination of reasons that our Albany bankruptcy lawyer will examine without judgment and with complete compassion for creating results that will guide you through this difficult time. Our Albany bankruptcy law office designs legal solutions for each of our clients and their personal bankruptcy needs, so your case is only one of its kind.
What Types Of Bankruptcy Does The Law Office of Robert J. Pinnero, P.C. Represent?
If you are receiving threatening or harassing phone calls, letters, or electronic communications at home or work regarding your debt, and are looking for financial relief, our Albany, Georgia bankruptcy attorney may be able to help you put a stop to the chaos that is consuming your life.
At the Law Office of Robert J. Pinnero, P.C., our bankruptcy attorney in Albany, Georgia represents clients who are eligible for:
Bankruptcy laws exist to help individuals significantly reduce their debt through affordable monthly repayment options, or by eliminating their debts completely with a discharge award. Our bankruptcy lawyer in Albany, Georgia will provide immediate information regarding your chapter eligibility based on your unique financial circumstances, so you can begin thinking about your future, instead of dreading the next phone call or letter.
What Is The Difference Between Chapter 7 And Chapter 13 Bankruptcy?
Albany bankruptcy attorneys at The Law Office of Robert J. Pinnero, P.C. serves clients in both Chapter 7 and Chapter 13 bankruptcy cases. Your bankruptcy eligibility will be based on your financial standing, type of debt, and personal criteria.
Chapter 7 Bankruptcy
One of the most common forms of bankruptcy is Chapter 7, which provides an efficient approach to eliminating crushing debt.
Chapter 7 bankruptcy in Albany, Georgia can eliminate unsecured debt, which can include:
- Medical bills
- Credit card debt
- Personal loans
- Judgments from court rulings, repossessed vehicles, or foreclosures
Once Chapter 7 bankruptcy proceedings are underway, creditors may no longer:
- Contact you by phone, mail, or electronically
- Attempt to collect payments
- Garnish your wages
- File lawsuits regarding your debt
- Proceed with foreclosure on your home
- Repossess your vehicle or other assets
Even With The Newest Laws, You May Be Eligible For Chapter 7 Bankruptcy
There are many misconceptions regarding who is eligible to file for Chapter 7 bankruptcy. While it is true that Congress amended our federal bankruptcy laws in 2005 to include a “means test” to ensure that only those who are truly in need of this debt discharge option can take advantage, the law does not preclude your overall inclusion in participating. Our Albany bankruptcy attorney can build the necessary computations to significantly increase your eligibility.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a debt repayment program that consolidates your debt through an interest-free or low-interest structure that spans three to fives years and requires a consistent source of income before the designed repayment plan will be approved by the court.
If you are eligible for Chapter 13 bankruptcy, creditors are required by federal law to follow the terms of your repayment plan, and the advantages include:
- Restructuring your debt, so you are able to keep your home, car, or other property without fear of foreclosure or repossession
- Stopping existing or future wage garnishments
- Eliminated and discharged remaining debt once the repayment plan is completed
There are two types of debt that are unaffected in standard Chapter 7 or Chapter 13 bankruptcy proceedings, and they include tax debt or student loan debt that has been incurred in the last three years. Unique circumstances may apply to your debts, so it is important to hire an accomplished Albany bankruptcy attorney like Robert J. Pinnero who will discuss all of your options clearly, so you can make informed decisions regarding your financial future.
Why Does The Law Office of Robert J. Pinnero, P.C. Represent Bankruptcy Cases?
According to the United States Courts, in 2016, 1 in 135 Georgia households filed for Chapter 13 bankruptcy protection, and when our community needs legal help to get their lives back on track, our Albany bankruptcy lawyers want to be there to provide assured solutions that will alleviate the stress their financial circumstances cause.
If you are considering bankruptcy, it is important to understand that you are not alone.
The U.S. Courts reported in the last available annual statistics that:
- 490,365 people filed for Chapter 7 bankruptcy last year
- 296,655 people filed for Chapter 13 bankruptcy over the same time period
No one type of person files bankruptcy. Overwhelming debt can affect all walks of life, all ages, and all income brackets. It is our goal to create a strategic plan for each of our Albany, Georgia bankruptcy clients so they can begin moving forward with a positive approach to spending and saving.
Contact Albany Bankruptcy Lawyers Now
If you are battling crippling debt, or are afraid you are going to lose your house, car, and other important assets, contact our experienced bankruptcy attorney at the Law Office of Robert J. Pinnero, P.C. in Albany, Georgia today at (229) 436-9661 for help and begin the path to a better financial existence.