Frequently Asked Questions on Bankruptcy
Here at Vansaghi & Associates, LLC we strive to give every client personal
service to leave you satisfied. If you need legal assistance with bankruptcy,
contact us at (770) 629-8065 today to speak with our McDonough bankruptcy lawyers.
What are Your Attorneys' Qualifications?
Alex M. Vansaghi received a B.A. degree from Saint Louis University and
a J.D. degree from Southern Illinois University-School of Law, and he
is well-versed in all
bankruptcy laws. S.M. Khouri has a B.A. degree from The University of the South-Sewanee
and a J.D. degree from the University of Arkansas-Little Rock, making
her highly qualified to take on your case.
Why Should We Choose Your Firm?
We are a boutique firm in McDonough, Georgia who truly cares for our clients.
We take a personal interest in all of our clients. We have helped countless
clients through their financial hardships and we are very accommodating
to your schedule when it comes to appointments. Our attorneys would be
honored to take the time to help you reorganize your debt and get a fresh start.
What's the Difference Between Ch. 7 & Ch. 13 Bankruptcy?
Chapter 13 bankruptcy can help you reorganize your debt and pay off all
remaining debts through a structured plan. This option is best for those
with a regular income who can afford to go on a repayment plan.
Chapter 7 bankruptcy is designed to help those with a very low income who cannot afford a repayment
plan, and liquidates nonexempt property to settle debts. A means test
that measures your income among other things must be passed to qualify
for Chapter 7 bankruptcy.
Is There Any Way to Stop Foreclosure on My Home?
There are a few ways to avoid foreclosure on a home. You can file a lawsuit
against the lender, apply for a loan modification, or file for bankruptcy.
Filing for either Chapter 7 or
Chapter 13 bankruptcy will put something called an "automatic stay" into effect. This
will likely stop the lender from foreclosing your home or trying to collect
any debt for a certain amount of time.
I'm Getting Pestered by Debt Collectors. Will Filing Bankruptcy Make
Yes, filing for bankruptcy can make the debt collectors stop calling and
bothering you. When you file for bankruptcy, this puts an "automatic
stay" on your debts, which means creditors are restricted from trying
to collect any of these debts. This will continue until the bankruptcy
process is over, unless the creditor gets approval from the court. This
is another reason why filing for the right type of bankruptcy is very
important: doing it properly can free you from being pestered even after
the process is over.
Will Bankruptcy Ruin My Credit?
No! Bankruptcy may even significantly improve your credit over time, as
it aims to remove debts and give you a clean slate from bad credit. Filing
for bankruptcy can give you a fresh start, essentially aiming to return
your credit to its original starting point. Remember that your credit
is simply a representation of how much money you can borrow, so having
your debts settled can only help. You will need to be proactive about
rebuilding your credit, but also understand that your situation could
What Makes Your Firm Different?
Many bankruptcy law firms treat clients as just another "number"
and often use the same cookie-cutter approach to every case. Here at Vansaghi
& Associates, LLC, every case is unique. Our lawyers spend the extra
time necessary to tailor a specific plan of action for each client to
achieve a positive outcome. They also make it a priority to know and understand
recent bankruptcy law changes as well as changes in Georgia law.
Get the right legal solutions to your financial problems!
Fill out a
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your life back on track.