Atlanta, Georgia Bankruptcy Law Attorney
Law Offices of Michael R. Rethinger, LLC
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2199 Lenox Road Suite A Atlanta, Georgia 30324 USA |
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(888) 552-8180
(678) 609-1675
www.atlantabankruptcylawinfo.com/
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The Law Offices of Michael R. Rethinger, LLC is a highly regarded Atlanta bankruptcy law firm that is dedicated to providing each client with superior legal representation and financial advice in a cost-effective manner.
The firm provides the effective representation and insightful Atlanta bankruptcy advice that you need. We are proud of our record in guiding many individuals through bankruptcy in Atlanta.
The Law Offices of Michael R. Rethinger, LLC are known for fighting hard to ensure that each case is given the best possible chance at a successful outcome. Our bankruptcy lawyers in Atlanta stay abreast of the ever-changing bankruptcy law landscape and we take pride in providing our clients with the legal representation each unique case warrants. The Atlanta bankruptcy law firm primarily focuses on matters of consumer bankruptcy for Chapter 7 and Chapter 13 in Atlanta.
The practice of our firm is rooted in years of experience with active bankruptcy litigation, and we have argued thousands of consumer bankruptcy cases in Georgia courts. We provide assistance for financial evaluations, filings, and disputed and actively litigated bankruptcies.
When declaring bankruptcy is your best option, our Atlanta bankruptcy law firm guides you each step of the way. Our law firm examines your situation and depending on your financial situation, advise you whether one type of bankruptcy may be preferable over another.
Practice Areas
Practice Areas Description
The Law Offices of Michael R. Rethinger, LLC helps clients with consumer bankruptcy issues:- Bankruptcy
When debt becomes crushing, it is time to explore bankruptcy as an option to get you back on your financial feet. The good news is that usually your credit is better after filing under bankruptcy laws in Atlanta, because you are out from under the debt that is overwhelming you. Once your debt is gone, you should be able to obtain credit quicker than if you still owed many thousands of dollars. An attorney skilled in Atlanta bankruptcy law can help you decide if bankruptcy is right for you and can help you decide what type of bankruptcy in Atlanta is best for your situation. Bankruptcy is a complex legal process, and many people find it easier and less stressful to allow an experienced bankruptcy lawyer in Atlanta to handle the paperwork and meet the filing deadlines. Your attorney can also discuss the alternatives that exist to bankruptcy, as well as advise you of the exemptions that may apply to your situation.
* Chapter 7 Bankruptcy
The U.S. Bankruptcy Code governs bankruptcy. The most common form of bankruptcy is Chapter 7 bankruptcy, which is also called straight bankruptcy or liquidation bankruptcy. Chapter 7 is generally the simplest and quickest form of bankruptcy. Chapter 7 bankruptcy is available to individuals, married couples, corporations, and partnerships, and is most often chosen for personal bankruptcy in Atlanta. An advantage of Chapter 7 bankruptcy is that it cancels debts. Under Chapter 7, a trustee is appointed by the bankruptcy court. The trustee sells off or liquidates some of the property or assets of the debtor for the benefit of creditors. Most Chapter 7 Atlanta bankruptcies are no-asset cases that have no non-exempt property for the trustee to sell. It is important to note that there are strict income requirements to be eligible to file for Chapter 7 bankruptcy. Federal bankruptcy laws provide for a means test that determines whether you are eligible to file Chapter 7 bankruptcy. If your income is below the median income for families in Georgia, based on U.S. Census Bureau statistics, you may file Chapter 7. However, if your income is too high, you must file under Chapter 13 instead of Chapter 7.
* Chapter 11 Bankruptcy
Chapter 11 bankruptcy allows a business to restructure debt payments and keep assets, unlike a Chapter 7 bankruptcy that provides for the process of a liquidating assets of a business or individuals. Chapter 13 is a third type of bankruptcy that is usually filed by individuals who do not qualify for Chapter 7 and who want to pay off their debts over a period of three to five years. Chapter 11 in Atlanta may be the wisest choice when a reorganized business is expected to be worth substantially more than the value of the assets of the business if they were sold individually. Chapter 11 is a form of business bankruptcy in Atlanta that provides protections such as the ability to cancel some debts and the ability to transfer some or all of the newly reorganized company to creditors whose debts were canceled. Another benefit of Chapter 11 is that jobs may be saved and the remaining creditors may have smaller losses than if a company chooses to be dismantled or liquidated. A major benefit of a Chapter 11 bankruptcy is that a debtor is allowed to keep all or a portion of its assets in Chapter 11. In contrast, under Chapter 7, a debtor can retain only a limited amount of statutorily defined exempt property. Under the U.S. Bankruptcy Code, businesses are not allowed to exempt property.
* Chapter 13 Bankruptcy
Chapter 13 bankruptcy, also called reorganization bankruptcy, or wage earner bankruptcy, uses the income of a debtor over time to pay what is owed creditors. Chapter 13 in Atlanta allows consumers to restructure their debt payments and keep assets. While it is sometimes referred to as a wage-earner plan, Chapter 13 bankruptcy in Atlanta is available to persons on welfare or with other kinds of regular income. Chapter 13 differs from Chapter 7 bankruptcy. Chapter 7 bankruptcy and Chapter 13 bankruptcy can both be used for personal bankruptcy in Atlanta. But a key difference is that while Chapter 7 erases most debt, it also requires liquidation or selling off assets. Under Chapter 13 bankruptcy, a debtor enters into a repayment plan to remove debts and does not sell off assets. Hiring an attorney who is skilled in Atlanta Chapter 13 bankruptcy is a wise decision to determine if Chapter 13 is the appropriate route to take to get you back on your financial feet.
* Consumer Bankruptcy
Clients of our firm are typically people who never thought they would be considering bankruptcy. More often than not there has been some event, some bump in the road, such as a serious illness, unpredictable job loss, investment market fall-out, or a divorce that has left them struggling through seemingly insurmountable debt. Our purpose is to provide hope through financial direction, and our commitment is to fulfill the legal needs of every client. We partner with clients and really work together to find a debt-management solution that lifts their financial burdens. Our firm brings the legal and financial knowledge necessary to help you evaluate the circumstances of your assets and debts. Clients make all the important decisions about their case guided by an intelligent attorney whose knowledge stems from years of legal experience.
Attorneys
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Mr. Michael R. Rethinger
Attorney Bankruptcy, Debtor and Creditor, Litigation |
More Information on Law Offices of Michael R. Rethinger, LLC
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