FREQUENTLY ASKED QUESTIONS

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How much does bankruptcy cost? Will I lose everything? What about my credit? Can I keep my house & car? Considering bankruptcy raises a number of questions. We can help provide the clarity you need to determine what is best for you and get you on the road to recovery.

Does filing for bankruptcy protection stop those harassing calls from my creditors?
Yes, immediately. As soon as we file your bankruptcy, your creditors are prohibited from contacting you. They may only contact Brookhuis Law. Should they continue contacting you after you have filed, there may be stiff penalties.

Will I lose everything if I file for Bankruptcy?
No. In fact, the majority of people who file for bankruptcy don’t lose any of their property. Generally in Chapter 13 bankruptcy, you lose no assets. Their worth is considered only in determining the amount of your monthly payments. When filing Chapter 7, Georgia has certain exemptions to protect assets such as your home, car, and household goods, up to certain limits, as well as your 401(k) and pension plans.

Will my credit be ruined?
If you have a foreclosure on your records or are behind on your bills, you are most likely already suffering from poor credit. Bankruptcy gives you an opportunity to rebuild and alleviate the financial stress that you are under. In many cases, you will be able to qualify for car and home loans in as little as 18 months. Bankruptcy does stay on your credit record for up to 10 years, but it also wipes out most debt and puts you in a better place to handle your current needs. Many clients report a big jump in their credit score within a year or two after receiving a bankruptcy discharge.

What will bankruptcy cost?
The initial consultation and estimate are free. Brookhuis Law's fees are very competitive in the Atlanta bankruptcy attorney market, and can be customized to fit your own personal financial situation. Payment plans and arrangements to pay filing fees in installments are also available.

How long will the bankruptcy process take?
Typically, a Chapter 7 bankruptcy can be completed and discharged within 4 to 6 months. Chapter 13 can take significantly longer and can be much more complex. It is critical to use an experienced bankruptcy attorney for these cases. Sitting down for a free consultation and estimate can give you a better idea of the time line involved in your particular situation.

Does filing for bankruptcy discharge ALL debt?
Not all debts are discharged by filing for bankruptcy. With a Chapter 7, debts such as recent taxes, child support & alimony, court fees, DUI related debts, most student loans, as well as a few well defined other debts will remain. With Chapter 13, some of those debts can be put into a repayment plan so that you are resolving them even though you are unable to discharge them.

The best way to have a clear understanding of your situation and the next step towards relieving your financial pressure is by calling Brookhuis Law for a free consultation and estimate. We will answer all of your questions and begin working for you immediately.  We serve residents of Cherokee, Clayton, Cobb, DeKalb, Douglas, Fulton, Gwinnett, Henry, Newton, Rockdale Counties.

CALL OR TEXT (678) 390-8070 or fill out the contact form provided to speak with a knowledgeable and dedicated Georgia bankruptcy lawyer.  Brookhuis Law offers personalized and sensitive service to those who are in financial distress.

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