Barbara Cole Attorney at Law, LLC
539 Green Street, NW, Gainesville, GA 30501
Only an attorney can give you legal advise. Your attorney will be with you each step of the way to advise you and represent you in court. The bankruptcy code is very complex and you will be appearing before a judge in federal court. This is not the time you should be representing yourself. Preparing services can only put your information on the forms, they cannot advise you or represent you in court. A small error on their part can cause your case to be dismissed in court.
The exemptions are: Aggregate interest in real estate not to exceed 21,500.00. A spouse who is a debtor may also claim 10,000.00 for a combined total of 21,500.00.
Social security benefits, unemployment, public assistance, veteran’s, disability, illness benefits.
Alimony, child support, separate maintenance, payments under a pension, annuity or similar plan, and payments from a individual retirement account, to the extent reasonably necessary for the support of the debtor and a dependent of the debtor.
WHAT DEBTS ARE NOT DISCHARGABLE
Alimony, child support, student loans, taxes, criminal acts and fines and civil judgments for personal injury if the operator was intoxicated from alcohol, a drug or other substance.
Autos not to exceed $3,500.00 in value.
A maxim of $300.00 in value in any particular item in household furnishings, household goods, wearing apparel, appliances, books, animals, crops or musical instruments.
Jewelry not to exceed $500.00 in value. With a total amount of $5,000.00 in all personal property.
A value of $1500.00 in tools of the trade or professional books or implements.
Prescribed health aids.
Personal injury payments not to exceed $10,000.00.
The most common types are chapter 7 (discharge of the debt) and chapter 13 (re-payment of the debt).
WHAT CAN I KEEP
Have your finances spiraled out of control. Do you avoid answering the phone because bill collectors are calling. Many people are facing the hardest financial time of their life. Job loss, medical bills, upside down mortgage, loss of savings and escalating credit card bills have placed many hard working people in this stressful situation. Bankruptcy may be solution for you. Filing for bankruptcy is a serious financial decision. You should speak to a attorney to fully understand all your rights and obligations. Obtaining a bankruptcy is designed to give you a clean slate and a fresh start. Below is a few of the most commonly asked questions in general terms.
I NEED TO KEEP PAYING ON MY CAR FOR TRANSPORTATION.
You can reaffirm some debts with approval from the court.
Each case is different and these questions are answered in the most general terms. Your consultation is free, in person or on the phone.
WHAT ARE THE DIFFERENT TYPES OF BANKRUPTCY
WILL THE CALLS FROM THE CREDITORS STOP
Once your case has been filed, the creditors must stop harassing you.
WHAT’S THE DIFFERENCE BETWEEN AN ATTORNEY PREPARING MY BANKRUPTCY AND A BANKRUPTCY SERVICE.